Word: schellinger
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Although the Center does not subsidize graduate students, it provides some post-doctoral support. "One thing we are beginning to do successfully," says Thomas C. Schelling, professor of Economics and the Center's Acting Director in 1965-66, "is to keep an eye on someone doing a good Ph.D. thesis...
Nowadays, big crime steals a key principle from big business: "Small-scale operation is more costly than large-scale." Organized crime works at cutting "high overhead costs," uses its "equipment or specialized personnel fully." Large operations take advantage of the fact that "where entry can be denied to newcomers, centralized...
Quality Control. All of this leads, inevitably, to the same problem that befuddles federal regulatory agencies in the upperworld: Does bigness mean badness? Or, as Schelling puts it, "Should crime be organized or disorganized?" In the case of abortion, for example, Schelling admits that "one can wish it were better...
Excerpts from a paper, delivered by Thomas C. Schelling, professor of Economics, at the Association for the Advancement of Science's recent annual meeting, are printed below. These sections, constituting about a third of the entire paper, are his introduction and his concluding remarks. Intervening sections dealt with market organization...
* excerpts from a paper by Thomas C. Schelling, professor of Economics, analyzing crime as an economic phenomenon, O,Sti