What Is The Best Way To Measure Poverty in Britain?
14 Dec 2017 Leave a comment
in applied price theory, applied welfare economics, labour economics, poverty and inequality Tags: child poverty, family poverty
When do men retire
14 Dec 2017 Leave a comment
in labour economics, labour supply Tags: economics of retirement
.@SenSanders opposed the reforms that caused this
14 Dec 2017 Leave a comment
in economic history, politics - USA, public economics Tags: top 1%

Would you have the courage to cross that bridge?
13 Dec 2017 1 Comment
in economics of media and culture
Argument from Popularity
13 Dec 2017 Leave a comment
in economics
by Tim Harding
The informal fallacy known as argumentumad populum means ’argument from popularity’ or ‘appeal to the people’. This fallacy is essentially the same as ad numerum, appeal to the gallery, appeal to the masses, common practice, past practice, traditional knowledge, peer pressure, conventional wisdom, the bandwagon fallacy; and lastly truth by consensus, of which I shall say more later.
The Argument from Popularity fallacy may be defined as when an advocate asserts that because the great majority of people in general agree with his or her position on an issue, he or she must be right.[1] In other words, if you suggest too strongly that someone’s claim or argument is correct simply because it’s what most people believe, then you’ve committed the fallacy of appeal to the people. Similarly, if you suggest too strongly that someone’s claim or argument is mistaken…
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The Slippery Slope
13 Dec 2017 Leave a comment
in economics
by Tim Harding
A slippery slope argument may or may not be a fallacy, depending on whether the argument is logical. The argument typically states that a relatively small first step will inevitably lead to a chain of related events culminating in some significant consequence, much like an object given a small push over the edge of a slope will slide all the way to the bottom.
A slippery slope argument has the following form:
Premise: Event X has occurred (or will or might occur).
Conclusion: Therefore consequence Y will inevitably happen.
The strength of such an argument depends on whether or not one can demonstrate a chain of cause and effect leading to the significant consequence. If no such chain can be demonstrated, the argument becomes a fallacy. This is especially so in cases in which there is a significant number of steps or…
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Voluntary euthanasia: beware of the godly!
13 Dec 2017 Leave a comment
in economics
Russell Blackford, University of Newcastle
In the United Kingdom, ongoing social and political controversy over voluntary euthanasia, or (physician) assisted suicide, has reached a new stage. Labour MP Rob Marris has put forward a private member’s bill, and it will be debated in the House of Commons this month. Thus, the UK now becomes a focus of attention for those of us with an interest in the issue of assisted suicide.
I won’t defend the specific legislative scheme proposed by Marris and his supporters, since much of the opposition to it comes from parties who are opposed to any such scheme. That style of opposition will be my focus in what follows. Can it be justified?
“Faith leaders” lobby parliament
Not unexpectedly, British “faith leaders” – that is, the leaders of various religious organisations – have united to lobby parliamentarians against the bill. One of these faith leaders is…
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Hayek’s Rapid Rise to Stardom
13 Dec 2017 Leave a comment
in economics
For a month or so, I have been working on a paper about Hayek’s early pro-deflationary policy recommendations which seem to be at odds with his own idea of neutral money which he articulated in a way that implied or at least suggested that the ideal monetary policy would aim to keep nominal spending or nominal income constant. In the Great Depression, prices and real output were both falling, so that nominal spending and income were also falling at a rate equal to the rate of decline in real output plus the rate of decline in the price level. So in a depression, the monetary policy implied by Hayek’s neutral money criterion would have been to print money like crazy to generate enough inflation to keep nominal spending and nominal income constant. But Hayek denounced any monetary policy that aimed to raise prices during the depression, arguing that such a…
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Surprisingly little change in the percentage working from home since 2006 despite the emergence of smart phones and fast broadband
13 Dec 2017 Leave a comment
in economic history, labour economics
The West Wing: Free trade and outsourcing
13 Dec 2017 Leave a comment
in economics, television Tags: free trade, West Wing
Milton Friedman on the Absurdity of Socialism
13 Dec 2017 Leave a comment
in applied price theory, industrial organisation, Marxist economics, Milton Friedman, Public Choice Tags: fall of communism



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