Archive for 6 April 2007

Vertical Agriculture

| Peter Klein |

I’ve done some work on vertical integration in agriculture (e.g., this paper). But I learned only recently about vertical agriculture — growing crops inside a skyscraper. (HT: Creativity Exchange.)

At first I thought vertical farming couldn’t possibly be the highest-valued use of land in densely populated urban centers like New York or Hong Kong. Then again, if government ethanol subsdidies continue driving up the price of corn (poor people beware!), you never know.

6 April 2007 at 4:50 pm 1 comment

Resources For Economics Teachers

| Peter Klein |

Old fogies like myself who teach economics to undergraduates need help to make the subject come alive to Generation Z (or whatever we’re up to now). Here are links to multimedia, popular song lyrics, in-class exercises, and other useful resources.

1. Common Sense Economics — accompanies the text by the same name by Jim Gwartney, Rick Stroup, and Dwight Lee. Look under “Really Cool Stuff” for some, well, really cool stuff.

2. AmosWeb — lots of of electronic resources for economics courses. Say the producers: “we take economics seriously, but with a touch of whimsy.” Much like our attitude here at O&M, but with more substance. (HT: Jan Dauve)

3. From ABBA to Zeppelin, Led: using music to teach economics — excerpts from popular song lyrics along with economic interpretations and classroom exercises. I’ve actually heard of some of the groups! (HT: Marginal Revolution)

4. Mises.org fun page — Austrian economics cartoons, crossword puzzles, and more. Be sure to scroll down for the Monty Python money song and Roderick Long’s Kant song.

Also, remember, lecturing is out, “learner-centered instruction” is in. You’re supposed to be the guide on the side, not the sage on the stage.

6 April 2007 at 12:06 am 3 comments


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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).