Homines libenter quod volunt credunt
Posted in trade on Aug 16th, 2017
Here is Noah Smith on trade, The development of these new models is good news for the economics profession. It means that mainstream economists are diversifying their approaches, supplementing their old simple models with new ones that recognize the fantastic complexity of the real-world economy You mean, like Hayek and most real economists? Maybe the […]
Posted in Education, You Can't Have it Both Ways on Aug 16th, 2017
In discussing kidney donations, I’ve encountered the argument that offering compensation to donors would be problematic, not just morally, but because it may reduce incentives to donate due to intrinsic motivation declining with payment. That’s a fine argument, and we’ve seen monetary incentives backfire for sure especially when we try to apply it to non-traditional […]
