Homines libenter quod volunt credunt
Posted in Paternalism, Price System, You Can't Have it Both Ways on Nov 26th, 2010
Bob Frank was a professor of mine in graduate school at Cornell. He is perhaps most well known for his argument in favor of a progressive consumption and income tax. Why? He argues that much of the consumption of goods by the rich (and perhaps middle class too) takes place over status competition and “positional” […]
Posted in Classical Liberalism, Market Failures, You Can't Have it Both Ways on Apr 7th, 2010
There are a large number of pieces of legislation on the books that are beyond silly, they are outright unjust and unfair. It may be somewhat shocking how often people choose to obey these rules and regulations, even if by doing so they are violating their own moral principles and hurting their own economic well-being. […]
Posted in Uncategorized on Nov 17th, 2009
My favorite is the piano staircase. Too bad the real nudges we will get are not so innocuous. How do you spell Farvegnugen? HT to Zach S.
Posted in Economics Problems on Apr 16th, 2008
at the Masters. It was worth every penny. My father and I had the good fortune of winning tickets to attend a practice round at the 2008 Masters Golf Tournament in Augusta, GA. The tradition-rich golf tournament is so popular with fans that a waiting list for tickets to see the actual tournament was opened […]
