Diagnosing the Italian disease

Italy stands out among developed countries for its large public debt and chronically low productivity growth.

The country’s productivity growth disease cannot be addressed without understanding why aggregate labour productivity abruptly stopped growing around 1995.

This column argues that the most likely cause is Italian firms’ non-meritocratic managerial practices, which meant they failed to capitalise on the ICT revolution.

Diagnosing the Italian disease

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Ask yourself a question about Facebook

As you probably know I’ve made some experiments about Facebook in the past. Since then, I’ve completely removed myself from Facebook.

I just keep my profile “shut down” in order to access to some pages and logins I have on other websites. I feel better, I don’t visit it anymore, I don’t share something on my personal Facebook profile since a while.

Today I would ask you to ask yourself a question about Facebook. Continue reading “Ask yourself a question about Facebook”

About Bitcoin

Blockchain technologies are here to stay. Wikipedia does a superb work on describing what a blockchain is.

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data.

By design, blockchains are inherently resistant to modification of the data. A blockchain can serve as “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.”

Continue reading “About Bitcoin”