Homines libenter quod volunt credunt
Posted in Market Failures on Oct 19th, 2009
A kind reader tells me he likes to visit the site regularly. But he is being too kind. It is only because of the foolishness of the folks around us that this site is even possible (I’m not creative enough). I actually think someone out there can take that observation as a justification for … […]
Posted in Corporatism, Economic Illiteracy on Oct 19th, 2009
At least at my home institution. We believe that our scientists will be highly competitive for these research dollars I’d rather our scientists be competitive … being scientists. Since May, a total of 116 University of Rochester employees had their salaries paid for, in whole or in part, with ARRA-related funds. Research labs are typically […]
Posted in Economic Illiteracy, You Can't Have it Both Ways on Oct 19th, 2009
I’ve heard in environmental circles, political circles and in economic circles that there is a reason to fear more Chinese (and other poor people in Asia and Africa) people becoming wealthy. For example, some Environmentalists worry that if poor people assume rich person living standards it would put undue stress on limited resources and environmental […]
