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Month: January 2011

Becker and Posner on Bookstores

Gary Becker and Richard Posner have, as always, two excellent posts on the future of brick-and-mortar bookstores. Becker’s post is here; Posner’s post is here.

Their posts are quite timely. Last Saturday, I aksed my wife we wanted go to Borders to see what they had after dinner, since our local store was “probably not going to be around much longer.”

I still managed to come home with Malcolm Gladwell’s What the Dog Saw and Ayn Rand’s The Fountainhead.

Microfinance: “The Opposition Is Politically Driven”

Given the popularity of last week’s posts on microfinance (see here and here), I thought I should continue blogging about the topic.

This week and the next, however, I will blog about microfinance as seen from within the industry. As such, I will be blogging the five-point response a friend of my wife’s and mine — whom I will refer to by the pseudonym “Chad” — has made to my previous two posts.

Chad works for a microfinance private equity firm and used to work for a leading online microfinance website. He has studied in the best universities for both his undergraduate and subsequent professional degrees. More importantly, Chad has traveled extensively to the field to meet with stakeholders along the microfinance supply chain.

Chad’s first point was: