Relevant and even prescient commentary on news, politics and the economy.

Clio’s Role in the Economics of QWERTY

by Tom Bozzo Paul David (*) famously identified the QWERTY keyboard as a technology which we use as a matter of historical accident and not because the market identified the optimal keyboard layout. That the market outcomes don’t necessarily yield the best of all possible economies even in theory clearly may offend economists of Panglossian […]