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Category Archive for 'Methodology'

It is good intellectual practice (probably not dinner party practice) to take your ideas until they can go no further. If I had one magic wand to wave, one feature I might consider is that all of our attempts to be liked or at least not appear to be one of the deplorables were seriously […]

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Leo Rosten’s delightful short story on an “Infuriating Man” …

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One of the most shocking reads from the past couple of years has been Thomas Leonard’s Illiberal Reformers. The book goes through, in gulp-worthy detail, the history of the rise of the “Progressive” movement’s support for various labor market interventions and immigration policies. Almost all of it is hard to reprint here, but the idea […]

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Why Are Atoms So Big?

From the Feynman Lectures on Physics, Volume 1, Chapter 2: Why Are Atoms So Big? Why are atoms so big? Why is the nucleus at the center with the electrons around it? It was first thought that this was because the nucleus was so big; but no, the nucleus is very small. An atom has […]

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In Today’s News …

Even in a casual conversation, 2, 3 and 6 happened today and yesterday. Joy.  

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To appreciate the state of the “debate”, replace every use of the term “climate change” in a debate with “Genetically Modified Organisms.” If an economist dares to speak on climate change, lighting bolts will descend upon her from the heavens and the fires of Hades will engulf her from below If you see the word […]

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We would evaluate their success based on how well they could be fit to past economic observations. To the theory nerds out there, do you know of ANY economic models that have not, ex post, been able to back-forecast what has already happened?

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My faith in humanity is being regularly rocked, but perhaps that is just too much of an overreaction to current events. But for the sake of intellectual consistency, will those folks delighting in the tarring of the entire classical liberal program through dark and nefarious long arcs of the work of James Buchanan now be […]

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Saturday Pro Tip

As you are chugging your Hatorade … just because someone is providing a commentary on the means, that is not synonymous with a commentary on the ends. Enjoy your weekend.

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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 […]

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