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Category Archive for 'Economic Illiteracy'

Hobgoblins

I have written this a zillion times before … but I have been in and around economics since 1993, and never in my entire career have I had a teacher or article or book teach me about “trickle down” economics. This is a perjorative term conjured from the ether by anti-market proponents, and the strawiest […]

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As you ponder the inane debates about tax “reform” (i.e. deck chairs and symbolism), suppose you take the work of Martin Feldstein seriously. He has previously estimated that the dead weight loss in an economy due to taxation would be up to 30% of the size of the tax take. Now, I suspect the direct […]

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A quote: When it comes to the environment, we are asking how we can maintain a healthy environment with our continuing human activity? Emissions projections U.S. Energy Information Administration predict that we will likely continue to pollute at an exponentially increasing rate as the years go on.  But hey, it’s an actual link to the US government, so it […]

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And soon we’ll be drafting a statement opposing minimum wage hikes, honerous employment legislation, the Estate Tax, and higher income taxes on exactly the same grounds:  http://www.rochester.edu/newscenter/proposed-tax-bills-increase-cost-college-taxes-private-universities/ … #Meliocre

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The highlight: I think the practice of soliciting letters of recommendation for academic positions is both foolish and immoral. Tell us what you REALLY think!

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Dear U of R Students, Russ Roberts will be making a quick visit to campus this Thursday. We are going to have an impromptu and informal discussion with him in B&L 109 from 12:50pm to 1:50pm. Come chat with him about Econtalk, his many excellent books, his rap video, and all things economics education. Hope […]

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In the Big Chair

One of the most dissatisfying things about the internet and the climate on campus is NOT that folks are hostile to markets, economists and capitalism (all different things by the way). Such dislike is actually quite understandable, and we can explain that in a bit. But what is most dissatisfying is how rarely I encounter […]

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Among the many things in life that I have never said, “man, I regret spending time on THAT!” is reading Jonathan Swift. Here’s a delightful little ditty: Big fleas have little fleas Upon their backs to bite ’em And little fleas have lesser fleas And so ad infinitum Actually, the ditty above is from mathematician Augustus […]

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Admittedly I am way out of my league here. One of my favorite books of all time is Richard Dawkins’ The Selfish Gene. It should be one of 20 books that every student who is considered educated should have read by the time they leave college. In any case, the book should be of fantastic interest not […]

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Here is an ESPN E60 segment on what happened on/near our campus recently to two of our students. No one else from our campus agreed to be interviewed for the story. Among the many “reasons” for this awful incident is “our” continued insistence on fighting the insane Drug War. I write this as I am enjoying […]

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