The CEE Web Log

CEE Review: Crowdfunding doors open | Deregulation and the crisis? | Led Zeppelin | OLX’s Oxenford, and more

News and Opinion

Meet Alex Oxenford, founder of OLX: “the biggest Web company you’ve never heard of.” Fortune.

27-year old Russian immigrant to America became a millionaire the old-fashioned way. Yahoo! Finance. CORRECTION: “Since the publication of this story on Nov. 4, new details have come to light which have made Anton Ivanov’s claims of becoming a self-made millionaire highly suspect. On Monday, Ivanov admitted to Yahoo Finance that 75-80% of his wealth consists of an inheritance that was left to him by his parents, who died several years ago.email_policy Yahoo Finance regrets these errors.”

Company email: Who decides who can use it and for what purposes? “NLRB to Decide Whether Workers Can Use Company Email to Discuss Ways to Improve Working Conditions.” The Wall Street Journal.

Artistic integrity? Social friction? Led Zeppelin’s Robert Plant turns down £500 million offer from Richard Branson to reform the band. London Evening Standard.

How crowd-funding is opening investment doors formerly open only to government-approved investors.

Blamestorming: “Deregulation Caused the Financial Crisis.” Stephen Hicks at The Good Life.


Business and Society issues a call for papers for a special issue devoted to Economic Inequality, Business and Society. Proposals due November 30.Philadelphia Flyers Banner

Blast from the past: Our Kaizen interview with sports entrepreneur Ed Snider, founder of the Philadelphia Flyers hockey team and Comcast-Spectacor.

Idea: “I love to sail forbidden seas, and land on barbarous coasts.” (Herman Melville, Moby Dick, Chapter 1)

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: Firing honestly | Where jobs are created | Eminent domain | Mismatched socks, and more

News and Opinion

New technology developed in Australia helps nurses get the needle in your vein the first time.

Rockford entrepreneurs solve problem of lost and mismatched socks in the laundry. They’ve made it to the second round of ABC’s “Shark Tank.” Rockford Register-Star.socks-lonely

The perhaps not-so-surprising news about where job creation occurs: “over the last twenty five years, almost all of the private sector jobs have been created by businesses less than five years old.” Forbes.

Anna Prior on how aspiring entrepreneurs should use college. Whether the big-name matters, networking, student debt, seeking advisers, and more advice.

Judge says the city of Philadelphia can take an artist’s studio from him and turn it into a grocery store. HuffPo.

Honesty and public disclosure when a CEO is dismissed by a board: “You’re fired, and we really mean it.” The Wall Street Journal.


The second annual interdisciplinary symposium on Entrepreneurship in Higher Education will be on March 13, 2015, near Myrtle Beach, SC.

Blast from the past: Our Kaizen interview with Anil Singh-Molares on philosophy and entrepreneurship, global markets, his time at Microsoft, and Echomundi.

Idea:sophocles “Wonders are many in the world, and the wonder of all is man.
With his bit in the teeth of the storm and his faith in a fragile prow,
Far he sails, where the waves leap white-fanged, wroth at his plan.
And he has his will of the earth by the strength of his hand on the plough.”
(Sophocles, Antigone)

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: Science R&D | Body language | Asset forfeiture | Ethics and Business text, and more

News and Opinion

Are venture capitalists humanity’s last great hope? Christopher Mims on how private firms are significantly increasing science R&D funding. The Wall Street Journal.

On the other hand, surveys show that entrepreneurs’ confidence is slipping. The most-cited reasons: “Entrepreneurs surveyed pointed to government regulations as the greatest impediment and worry, followed closely by taxes.” Policy Dialogue on Entrepreneurship.

Gibson-E-and-BKevin Gibson’s textbook, Ethics and Business (Cambridge University Press). Stephen Hicks’s audio review at YouTube, or text version here.

Small businesses and the IRS: Federal agents seize restaurant owner’s account because her deposits were too small. “Their money was seized under an increasingly controversial area of law known as civil asset forfeiture, which allows law enforcement agents to take property they suspect of being tied to crime even if no criminal charges are filed. Law enforcement agencies get to keep a share of whatever is forfeited.” The New York Times.

Body language, listening skills, and more from an FBI behavior expert on how to get people to like you. Business Insider.

A business ethics history lesson from Roger Donway: “After FDR’s election, famed entrepreneur and investor Samuel Insull, now bankrupt and retired, was chased across Europe, kidnapped in the Bosporus, and dragged back to Chicago for the business trial of the century — only to be acquitted by the jury in two hours.” Atlas Summit.


The George Washington University Regulatory Studies Center is holding a conference on Enhancing the Transatlantic Trade and Investment Partnership: Reducing Regulatory Barriers. Washington, D.C., November 19-20.Int-Trade

The First Annual Atlas Shrugged Crony Awards.

Idea: Pixar president Ed Catmull quoting Andrew Stanton: “People need to be wrong as fast as they can. In a battle, if you’re faced with two hills and you’re unsure which one to attack, he says, the right course of action is to hurry up and choose. If you find out it’s the wrong hill, turn around and attack the other one.”

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: More dollars to entrepreneurs | Craft beer | Medical innovation | Tesla in Michigan, and more

News and Opinion

The 2014 data are good so far: More dollars are flowing to entrepreneurs. At Policy Dialogue.

Medical innovation and the supply side: Robert Graboyes on getting past our current “excessive aversion to risk and deference to medical insiders.” At Mercatus.Tesla-charge

Hurdles for entrepreneurial car makers: Michigan requires Tesla to sell through established dealers. USA Today.

Beer entrepreneurship: interview with Scott Smith on how he turned his hobby into a successful Pittsburgh-area craft-beer business. The Wall Street Journal.

Emberton on priorities: “If you’re not pissing someone off, you probably aren’t doing anything important.”

Two economists at Florida Gulf Coast University investigate: Does eminent domain for private benefit also raise government revenues?


The first Angel Summit will be held in Dallas, TX in mid-November. “It’s an opportunity for startup and startup investing leaders to come together, share best practices and learn from others about angel investing across the country.”

Do markets promote peace? A nation-wide video contest for students, sponsored by the Hackley Endowment at Fayetteville State University, Arkansas. “Prize is $2,500 to the winners; $500 to the professor; $500 to the second place winners; and $250 to the third place winners.”

Stephen Hicks is in Buenos Aires, Argentina, this week delivering a series of five lectures on postmodernism, politics, and philosophy, in connection with the release of Explicando el Posmodernismo, la crisis del socialismo, which is the Spanish translation of Explaining Postmodernism: Skepticism and Socialism from Rousseau to Foucault.Alexander-Graham-Bell

Idea: “When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.” (Alexander Graham Bell, 1847-1922, Scottish-Canadian-American scientist and inventor, most widely know for inventing the first practical telephone)

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: Debug your brain | Prefer women leaders? | Conservatives against capitalism | and more

News and Opinion

Just try finding a parking spot in a busy city. Max Marty’s Volo app wants to solve the problem.

Women prefer male bosses even more than men do. Venessa Wong and Natalie Kitroeff at Bloomberg Businessweek.

woman-leader Related: A study concludes that companies with higher levels of representation by women in leadership “attain better financial results, on average, than other companies.” Catalyst.

Conservatives Against Free-Market Capitalism. Stephen Hicks at The Good Life.

Lock companies move to replace keys with your smartphone. “Smart locks can be safer than traditional ones because keys can’t be lost, shared or copied, and there’s a record of the comings and goings of keyholders. The biggest threat is old-fashioned lock-picking.” The Wall Street Journal.

Oliver Emberton’s amusing How to debug your brain and get stuff done. “Our brains are the most bug ridden pieces of junk since Internet Explorer.”


The Index on Censorship announces that nominations are open for its 2015 Freedom of Expression awards.

Global Entrepreneurship Week USA’s line-up of activities for November 2014. Three major themes are National Entrepreneurs’ Day, Women’s Entrepreneurship Day, and Global Business Angels Day.

kindiIdea: “We should not be ashamed to acknowledge truth from whatever source it comes to us, even if it is brought by former generations and foreign peoples. For him who seeks the truth there is nothing of higher value than the truth itself.” Al-Kindi, Islamic philosopher (d. 866).

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: Love Canal again | Meaningful careers | VCs funding pure science, and more

News and Opinion

Want a meaningful careers? Don’t major in business. The Wall Street Journal on why business majors seem most disengaged from their work.

What are the business ethics lessons? The Love Canal Environmental Disaster — Four Decades Later.hazardous-waste

Peruvian economist Hernando de Soto on entrepreneurship and economic empowerment as a way to defeat ISIS and other terrorists — with lessons from Peru’s defeat of its own Shining Path terrorists.

Hiroko Tabuchi in The New York Times: venture capitalists increasing science funding.

Business ethicist Jaana Woiceshyn on the virtue of productiveness. At Profitable and Moral.

Sobering data on the downward trend in start-up creation. Dane Stangler at the Kauffman Foundation.


The Foundation for Economic Education is offering free seminars for students and parents on the Economics of Entrepreneurship.duke_ellington

Idea: “I don’t need time. What I need is a deadline.” Duke Ellington, jazz pianist, composer, and conductor (1899- 1974).

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: North Korean VC | Does B-School squelch creativity? | Corruption and regulation | and more

A venture-capitalist-to-be’s escape from North Korea: a documentary on Dae Sung Kim, who started off trading goods illegally across the Chinese border, then escaped to South Korea, and now is a VC for other North Korean refugees.

Marc Andreessen on finance: “We Can Reinvent the Entire Thing”. Bloomberg BusinessWeek.
analyzing-blood-lab“Elizabeth Holmes founded her revolutionary blood diagnostics company, Theranos, when she was 19. It’s now worth more than $9 billion, and poised to change health care.” Fortune.

At the Atlas Summit, Stephen Hicks on “Corruption in Business: Does Regulation Lessen or Increase It?” YouTube.

Peter Thiel, co-founder of PayPal on creativity and Asberger’s, being gay, and whether the culture of business school squelches original thought. Natalie Kitroeff at Bloomberg BusinessWeek.

Sunil Kumar, dean at Chicago’s Booth School, wants to upgrade its entrepreneurial reputation. At The Wall Street Journal.


Seeking entrepreneurial ideas in education: Incentives for Learning. Freelancer’s site.

public-choiceThe 52nd annual conference of the Public Choice Society will be held March 12-15, 2015, at the Hyatt Regency Riverwalk Hotel in San Antonio, Texas.

The Symposium on Innovation-Entrepreneurship, in connection with the 6th International Multi-Conference on Complexity, Informatics and Cybernetics, will be held in Orlando, Florida on March 10-13, 2015. Call for Papers.

Idea: “Civilization is not inherited; it has to be learned and earned by each generation anew; if the transmission should be interrupted for one century, civilization would die, and we should be savages again.” (Will and Ariel Durant, The Story of Civilization)

Idea: “Life is either a daring adventure or nothing at all.” (Helen Keller)

CEE Review: Hackers tweak medical devices | Income mobility | Capitalists’ reputations, and more

News and Opinion

Regulatory capture eye-opener: The Secret Recordings of Carmen Segarra.

Time and motion study: How top business leaders spend their days.

C1-DF-agencies-smallPatrick A. McLaughlin on measuring the surge of regulation after the 2010 Dodd-Frank Act.

Workplace safety debates: State governments versus federal government versus contractors. The Wall Street Journal. (Another option should be to let workers make their own self-responsible decisions.)

Hackers tweak medical devices to improve them, but the FDA is worried. The Wall Street Journal.

Income mobility: There Are More Self-Made Billionaires In The Forbes 400 Than Ever Before. Forbes.

After the financial crisis, how do the reputations of corporate executives fare in surveys around the world? Donald Baer reports in The Wall Street Journal.

And Stephen Hicks wonders: Where are all those free-market economists who caused the financial crisis? At “The Good Life.”


The 2015 MIT Global Startup Workshop will be held in Guatemala and co-sponsored by Universidad Francisco Marroquín.

American University’s Kogod School of Business is hosting a conference on “The Business and Economics of Peace” on April 10-11, 2015.

Call for Papers for the 31st EGOS Colloquium: “What Ancient Philosophy has to Teach Organization Studies.” To be held July 2-4, 2015 in Athens, Greece. Send abstracts to Stelios Zyglidopoulos.

Bougeois-Virtues-cover Idea: “Americans have a great deal. They have a great deal, I said, because they produce a great deal. Contrary to your grandmother’s dictum — ‘Eat your spinach: think of the starving children in China’ – consuming less in rich America would add nothing to the goods available in China. Not a grain of rice. Countries are rich or poor, have a great deal to consume or very little, mainly because they work well or badly, not because some outsider is adding to or stealing from a God-given endowment. To think otherwise is to suppose that goods come literally and directly from God, like manna. They do not. We humans make them.” (Deirdre McCloskey, The Bourgeois Virtues)

CEE Review: Progress on poverty | Jack Ma’s tough words | Precautionary principle | Volunteering banned, and more

News and Opinion

Entrepreneurial innovation and the precautionary principle: Adam Thierer on technology policy. At the Technology Liberation Front site.

Tough words from rags-to-riches entrepreneur Jack Ma: “If You’re Poor At 35, You Deserve It.”jack_ma

Volunteering banned at for-profit businesses. The San Jose Mercury News.

Antitrust: the FTC is deciding whether to allow a merger between two food companies on the grounds that the joined companies would have 25% market share. At The Wall Street Journal.

Elon Musk, Lyndon Rive, and their plan to transform the world’s energy market with battery packs and solar power.

Stephen Hicks asks: Who Really Wants to Solve the Problem of Poverty? “The Good Life” at


Professor Joshua Hall is the new editor at the Journal of Entrepreneurship and Public Policy.

Three teenage girls from Cork, Ireland — Émer Hickey, Ciara Judge, and Sophie Healy — won the Grand Prize at the 2014 Google Science Fair.

Call for proposals for the 2015 Annual Meeting of the International Association of Business and Society (IABS). Conference Theme: Pura Vida: Realizing Eudemonia in Business and Society. To be held at the Hilton Papagayo Resort, Guanacaste, Costa Rica, March 12 – 15, 2015.

brad-birdIdea: The Incredibles director Brad Bird, in a meeting at Pixar: “A lot of us in this room have not grown up — and I mean that in the best way. The conundrum is how to become mature and become reliable while at the same time preserving your childlike wonder. People have come up to me many times, as I’m sure has happened to many people in this room, and said, ‘Gee, I wish I could be creative like you. That would be something, to be able to draw.’ But I believe that everyone begins with the ability to draw. Kids are instinctively there. But a lot of them unlearn it. Or people tell them they can’t or it’s impractical. So yes, kids have to grow up, but maybe there’s a way to suggest that they could be better off if they held on to some of their childish ideas.”

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.

CEE Review: Young entrepreneurs struggle in school | Google in Europe | Occupational licensing, and more

News and Opinion

Why everyone will have to become an entrepreneur. At Funders and Founders.

Privacy and internet search engines. Google responds to a European court’s ruling that individuals have a right to have no-longer-relevant information deleted from search engine results. The Wall Street Journal‘s site.

The ten richest Americans in history. Professor Donald Boudreaux comments at Cafe Hayek.bored-in-school

Richard Branson on why entrepreneurs sometimes struggle with formal education. At Entrepreneur magazine. Related: “Educating for Entrepreneurship” — Stephen Hicks working paper, June 2014.

A legislative agenda for entrepreneurs. At the Illinois Policy Institute’s site.

“Business as a Moral Endeavor” — a new short video featuring a variety of entrepreneurs, CEOs, and intellectuals on the intersection of business and ethics. Produced at the Wake Forest University School of Business.

At Econ Journal Watch, Uwe Reinhardt reviews Morris Kleiner: Does occupational licensing deserve our seal of approval?


Two conferences in Colombo, Sri Lanka in November 2014: the International Conference on Entrepreneurship and the International Conference on Corporate Social Responsibility.

Idea: sandefer-jeff-ufm“Education properly understood, to me, is not about telling. Education is not about having me tell you something and you regurgitate it to me. It’s about a process of discovery; it’s a process of learning, of asking questions, of making mistakes. It’s trial and error, just like entrepreneurship.” (Jeff Sandefer)

See you next time with our digest of new and interesting items in entrepreneurship, ethics, and political economy. Here are the previous editions of CEE Review.