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Category Archive for 'ethical foundations'

My family and I attended a swanky golf tournament yesterday (the Barclays, played at the austere Ridgewood Country Club). Needless to say, the place is populated with a slice of folks from the very top of the income distribution with a sprinkling of “regular Joes” tossed in. Two small obsvervations: I have rarely encountered more […]

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Lest one wonder if Wintercow has truly disconnected I’ll just remind folks that I’m not permitted to comment on the goings on in Ferguson or Iraq or Palestine or just about anywhere for that matter. I’m a resident member and practicing oppressor, paid by corporations and clandestine organizations to subtly promote and continue this oppression […]

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The current debate about whether or not “we” should eliminate the last two lab samples of smallpox has me thinking more widely about the issue of species extinction. Also, I am in the middle of this book at the moment (my favorite nugget was his discussion of how a typical plant only converts 2% of […]

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You might remember the 2012 campaign trail when the Commander in Speech uttered, “You didn’t build that.” OK, so maybe that was out of context, and he didn’t really mean what his critics thinks he meant. Fine. Let’s assume the charitable version of his point – that even private enterprise “requires a village” and that it is […]

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He just wants to fix it. No comments from this peanut gallery. But Scott Sumner hits a 600 foot homer, do read the whole thing: Here’s what Yglesias misses. Unequal consumption matters because of opportunity cost—another bedrock of economics. The resources that went into that $200 million yacht could have produced lots of other goodies […]

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Wisdom from Interfluidity

He concludes an excellent piece with: I don’t mean to criticize anyone in particular. (I used to be the economics instructor.) In all of these cases, there really isn’t anything any one individual can do to remedy the bad practices. Making a big issue of them would lead to useless excommunication. Instead we shrug ironically. […]

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Just had the pleasure of watching Rocky with my daughter and that line above was one I missed when I first watched it 30 years ago. At the end of the epic fight, where Rocky had just gone the distance against Apollo (and lost), the news folks and TV folks are swarming Rocky, and upon […]

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It is typically asserted that on utilitarian grounds we can and should redistribute wealth from the richer to the poorer. On its face and all-alone the argument makes some sense. The argument goes like this: since there is diminishing marginal utility of wealth, a dollar to a rich person is worth less than a dollar […]

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Among some of the most unproductive questions I am asked regularly include questions of the type, “are you in support of XYZ?” As if XYZ is some monolithic, black and white, easy to understand and represent with the word XYZ, thing. Of course, it is not. So, in the past I’ve been very evasive when […]

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Austen Frakt thinks so: I’m simultaneously more cynical and practical. First the cynical: we’ll never have honest intellectual debate. … Can Avik and I have an honest intellectual debate about whether Medicaid helps or harms people, about whether Singapore’s low health spending is due more to the nature of its insurance and provider markets or to government intervention […]

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