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BS Economist | At the nonempty intersection of science and economicsAt the nonempty intersection of science and economics
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BS Economist | At the nonempty intersection of science and economics | bseconomist.wordpress.com Reviews
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At the nonempty intersection of science and economics
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Greed and the Visible Hand | BS Economist
https://bseconomist.wordpress.com/2014/04/07/greed-and-the-visible-hand
At the nonempty intersection of science and economics. Greed and the Visible Hand. Greed and the Visible Hand. April 7, 2014. By John Paul Rollert (JPR) over at the Atlantic today–basically a history of the “Greed is Good”-meme. Go read it. I want to make a related point, which I’ll call the. Adam Smith didn’t believe that greed is good in itself and he didn’t believe that the unregulated market will produce the best outcomes. What he believed is that (h/t JPR). More than that;. At its deepest levels an ...
Economic Rights are Positive, Political Rights are Negative | BS Economist
https://bseconomist.wordpress.com/2014/07/24/economic-rights-are-positive-political-rights-are-negative
At the nonempty intersection of science and economics. Economic Rights are Positive, Political Rights are Negative. Economic Rights are Positive, Political Rights are Negative. July 24, 2014. Simon Wren-Lewis has a great post. Up which relates to a point I’ve wanted to make for a long time… It’s not really a. Point, per se, (I heard similar points being made with respect to “right-to-work” laws and there is this. 8211;that is, freedom from interference. That’s key. There’s you, there̵...Consider free...
Science is Ugly… | BS Economist
https://bseconomist.wordpress.com/2012/04/03/science_is_ugly
At the nonempty intersection of science and economics. Science is Ugly…. Science is Ugly…. April 3, 2012. I’ve been meaning to write something about this post. On the subject, I feel as if I should add my 2 cents. Case in point, everyone these days is familiar (somewhat) with Einstein’s theory of Relativity. What is less well known is that this theory was in competition with another theory called “ aether. I do want to add a couple points however. First, the “cultural sunspots” argument t...8230; serious...
Noah Smith catches the Demand-Denialist Bug | BS Economist
https://bseconomist.wordpress.com/2014/07/14/noah-smith-catches-the-demand-denialist-bug
At the nonempty intersection of science and economics. Noah Smith catches the Demand-Denialist Bug. Noah Smith catches the Demand-Denialist Bug. July 14, 2014. I like Noah Smith, but his scientific-skepticism meme-immune system appears to be very weak. The latest case in point is Noah’s post. Defending the use of Search Theory in Macroeconomics against John Quiggin. To which Quiggin is responding. 8230; so we look at the economy and say “it’s a demand problem”. But why are nominal wages downward-sticky?
BSEconomist | BS Economist
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At the nonempty intersection of science and economics. How I see the world: politics and political economy. August 8, 2014. Brad DeLong tries to make sense of Hayek. To try and illustrate why, I’m including a cladogram of the major currents of thought in the philosophy of political economy. My view of the evolution of economic political philosophy. Marx It’s hard for me to look at Marx and not see Adam Smith: look how close they are! Ricardo and the direct intellectual descendants of Smith. Ricardo h...
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Obsolete Dogma: Behavioral Economics, Tax Cuts, and the Stimulus
http://obsoletedogma.blogspot.com/2011/08/behavioral-economics-tax-cuts-and.html
Thursday, August 25, 2011. Behavioral Economics, Tax Cuts, and the Stimulus. Did the Obama administration outsmart itself when it came to the tax cuts in the 2009 stimulus? Recall that the debate at the time centered on how much of the recovery act would be composed of spending programs versus tax cuts. Liberals argued that the ARRA should have been weighted more towards government spending. You might think that handing people a big chunk of change is a perfect way to get them to spend it. But it isn...
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BS Economist | At the nonempty intersection of science and economics
At the nonempty intersection of science and economics. How I see the world: politics and political economy. August 8, 2014. Brad DeLong tries to make sense of Hayek. To try and illustrate why, I’m including a cladogram of the major currents of thought in the philosophy of political economy. My view of the evolution of economic political philosophy. Marx It’s hard for me to look at Marx and not see Adam Smith: look how close they are! Ricardo and the direct intellectual descendants of Smith. Ricardo h...
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