Do internal hires or external hires make better employees? Who gets paid more?
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Reviews – Articles
“This Older Generation” by Randolph S. Bourne

Here is a response to the snarky “Letter to a Rising Generation” by the old-fogey C.A. Comer. Bourne was a university student when he wrote this. His style is a bit flowery but it was done for effect. My comments following.
This Older Generation
by Randolph S. Bourne
I read with ever-increasing wonder the guarded defenses and discreet apologies for the older generation which keep filtering…
Effective U.S. Tax Rates Across Time

Jim has run the numbers to show effective tax rates (including Social Security and Medicare taxes) over the past 60 years or so. It’s a fascinating look at how taxes have changed over time.
Interesting to look at.
It seems weird that the total effective tax rate on Jim’s median family was lowered during the Carter administration to only rise even higher during the Reagan administration befor…
That Boring Job Really Could Be the Death of You

Taking years off her life. Photo by Adam Jones adamjones.freeservers.com. Research published last month in the International Journal of Epidemiology shows a link between being bored at work and dying early. Back in the late 1980s, 7,500 civil servants in London — aged 35 to 55 — were polled about their jobs. Thirty years later, Annie Britton and Martin Shipley of University Colleg…
Recent Reading

List of what I have been reading so I can keep track. Possibly less than interesting.
Note: Basic Assumption MeNess (ba M)

Brief quotation from an 1996 article by by Lawrence, Bain, and Gould (“The Fifth Basic Assumption”,Free Associations Volume 6, Part 1 [No. 37]: 2855)
Elliott Jaques’s “Intellectual Odyssey”

Douglas Kirsner of Deakin University spoke with Elliott Jaques before he died, and wrote up the results from the perspective of another psychoanalyst. Jaques abandoned psychoanalysis but would later refer to that as perhaps going overboard. It’s an interesting read for those of you who are interested in what he thought of things at the end of his life.
This copy seems to be a poor conversion, so…
The Powerful Are Lousy Planners

The University of Kent is reporting a forthcoming research article by UK social psychologist Mario Weick and Ana Guinote of University College London on how feeling powerful affects one’s estimates. The more people felt powerful, the more optimistic their completion dates were. And it’s not just a small effect: “power drastically reduced the accuracy of forecasts with error rates soaring up to…
Why Boards Go Wrong: “It’s the Group, Stupid!”

A board that is probably not going to have these problemsReviewed: Rakesh Khurana & Katharina Pick. 2005. “The Social Nature of Boards” [PDF]. Brooklyn Law Review, 70(4): 1259-1285.
Back in 2005, the Brooklyn Law Review published the papers from the Corporate Misbehavior by Elite Decision-Makers Symposium, which Brooklyn Law School apparently held. Harvard’s Rakesh Khurana & Katharina Pick…

