In our measures of welfare in economics, we pay careful attention to the impacts an exchange has not just on those parties who are involved in the exchange, but also to third parties who may be receiving benefits or incurring costs as a result of Person A exchanging with Person B. What economics tends to not do […]
Category Archive for 'ethical foundations'
It is surely the case that Mr. Bentham’s lifetime utility is much larger than would have otherwise been the case. How much should his satisfaction be weighted in the global social utility function? I most certainly love it when my students tell me that they are visiting London or planning to study abroad at UCL […]
Oh, you thought it was the Trumpian loonies? Think again. The same “democratizers” that came to U of R last spring have descended on Harvard. Isn’t it totally fascinating how “professional” the union organizing apparatus is? Sounds pretty darn ironic for a group of people who are “against the man.” In any case, one of […]
Intentions and results are not the same thing. Now, this should seem pretty obvious to most people, but it gets lost in the popular fervor that explodes around most contentious issues. In class we try to discuss some sort of innocuous versions of this application so as to not get people too angry. For example, […]
There’s always something fun brewing down at ye ol’ alma mater: Dear Dean Boor and Trustees of the University: As New York State organic farmers, we object to the presence of the “Alliance for Science” on the Cornell campus (http://allianceforscience.cornell.edu/). This advocacy group for the highly controversial agricultural genetic engineering industry, funded almost entirely by […]
You want to get depressed? (1) See how the “Food Babe” is abusing the FOIA to smear, antagonize and intimidate Dr. Kevin Folta of the University of Florida’s Horticulture Department. (2) See the latest in the Krugman Chronicles. Classy world we live in. Did anyone ever learn manners?
In my readings on political philosophy, even the most hard-core socialists, from the state-ownership clan to the anarcho-syndicalist-socialist clan seem to accede the fact that capitalism is “second best.” In other words, they craft a utopian vision for what a socialist world could look like, but since people are crooked, selfish, etc. then we must […]
… I wished that people could stop for a moment to celebrate the life and contributions of people like Norman Borlaug. He is probably the greatest “farmer” of all-time, and arguably has done more good for humanity than the entire combination of leaders and rulers who have ever walked the face of this Earth. If […]
Of course, I will not share my thoughts at Thanksgiving … but here goes (start at 1:14 if you don’t like stories. One reason I love folk music is the stories): Please do NOT interpret this to suggest that I think this is an open and shut issue, or that there are not legitimate questions […]
This is disgusting, but not at all surprising. I suppose by connection that since I listen to talks and read work by Professor Folta that I, too, am a shill and unprofessional.