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Category Archive for 'Economic Illiteracy'

Picking up on a theme from two years ago, let’s consider again the argument in favor of progressive (re)distribution of income from the wealthiest to the poorest. ¬†The argument I made back then was that on basic behavioral grounds, the assumption that taking a dollar from the rich and giving it to the poor would […]

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Not really in the mood to write about this – we live in a world of economic creationists. Nonethless, among the zillions of excellent logical questions one might ask proponents about it, only to be dodged, Jason Brennan (of Why Not Capitalism fame) asks this: If you believe employers owe employees a living wage, do […]

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Note that Krugman here is talking about the “textbook Eco 101” approach and not, of course, the “better” Eco 108 non text-book approach we take! In any case, he is making a point that I try to make, endlessly so – that the world is a bit more complex than Eco 101-ism suggests it is. […]

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Today marks the pinnacle of pathetic pandering in NYS as “we” head to the polls to annoint the latest power-mad, megalomaniacal people with our blessings of awesomeness. In that spirit, check out these 10 core principles from the “Bern’s” website:   AS PRESIDENT, SENATOR BERNIE SANDERS WILL REDUCE INCOME AND WEALTH INEQUALITY BY: Increasing the […]

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In some of this week’s research findings we have: Women are much more likely to want jobs with more flexibility and stability, and to pay for it with lower wages. Science deniers take note. “While there is substantial heterogeneity in preferences, we find that women on¬†average have a higher willingness to pay for jobs with […]

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Verizon CEO Lowell McAdam (sort of) coins a new phrase that is apt: “Rotary Phone Economics.” That is the kind of economics practiced and espoused by the Bern and the group of kids trying to have me unionized. You may be entertained by McAdam’s post. Now, I am not sure what I think of the […]

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Well, at least there is some clarity on how this all started: After refusing to answer almost all substantive questions I asked, we are at least able to understand how this started. Notice, by the way, the same conclusion to this student e-mail as the other one. So, they insert themselves into a situation that […]

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So, the SEIU showed up on campus a few weeks ago and they are trying to organize … ME. Here are some U of R kids showing support: For the record: The SEIU will not answer my questions about who they are trying to organize and how they obtained information about those faculty. Of course, […]

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Seen at my local public library: Now we can self check-out library books.   And seen in Sweden, now you can shop entirely with no people:

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All of these accept the premise that future damages from anthropogenic warming will be serious, i find this to be a useful discussion strategy: Climate change will cause massive heat and drought and leave people in need of food. OK, compare then, the most effective and optimistic scenarios for reducing CO2 emissions and preventing warming […]

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