If the income and wealth of every single American were to double over the next decade in REAL terms, then in a decade, the amount of measured poverty would remain unchanged. You’d also very likely see no change in inequality according to the way most people talk about it, i.e. “the income share of the […]
Category Archive for 'Methodology'
What data would be sufficient to falsify your thesis? This question need be asked not just in the physical science, where observations about the world are where the theoretic rubber meetings the road, but also in the social sciences. When it comes to the hard sciences, you can imagine laying out conditions that would encourage […]
This research paper hit my desk this morning: Positive Long Run Capital Taxation: Chamley-Judd Revisitedby Ludwig Straub, Ivan Werning – #20441 (EFG PE)Abstract:According to the Chamley-Judd result, capital should not be taxed inthe long run. In this paper, we overturn this conclusion, showingthat it does not follow from the very models used to derive them.For […]
Yes, I said the “R’ word. In order to persuade folks about the problems of “inequality” it would of course be nice to: Define precisely what inequality is. Are we talking about absolute inequality? Relative inequality. Tell us how we can actually measure it. Follow the SAME people over time. I’m sorry, but there is […]
Yesterday I suggested that the articles on both Picketty’s super-duper-mega-important book of the century on capitalism as well as the Yglesias piece on the gender wage gap were deserving of a fine toothed comb. Here, Matt Rognlie (whose blog I used to follow but for some reason I can’t get his feed to work for […]
Don’t you just love how the word “conventional” as in: conventional farming conventional building conventional energy sources … has taken on a disparaging meaning … except when people get it in their idea that the “climate” should be “conventional” forever and ever and ever. And ever.
In this short Youtube clip, author and food activist Michael Pollan argues: Milk will always be the maximum number of paces from the door, and the reason is that most people want to get a quart of milk and they want them to pass as many other things as possible on the way — so […]
It should be clear that by now if a reporter says something, then it simply must be true. I hate giving the blow by blow in the Climate Wars, because too much of it is yet another food fight and not well-intentioned people disagreeing. So here is Seth B., a regular climate reporter for the […]
Posted in Classical Liberalism, Competition, Corporatism, Economic Illiteracy, Economics Problems, ethical foundations, Government Thuggery, If I Really Hated the Poor ..., Market Failures, Methodology, Politics, Religion, Voluntary Society, You Can't Have it Both Ways on Dec 10th, 2013
The “left” sees the last 34 years as a revival (was there ever a VIVAL?) of laissez-faire dogmatism. Some folks like myself see it as almost the diametric opposite. Of course, some of this could be “settled” by empirical evidence. The number of pages of regulations? The dollars spent complying with regulations? The number of […]
Dear Global Warming Deniers: If it actually turns out that you are wrong and that the global damages from CO2 emissions may actually be harmful in the long run, are you prepared to suggest that we direct policies to do something about it, especially low or no regrets policies that will not doom us if […]