Happy Birthday, F.A. Hayek!
(8 May 1899 – 23 March 1992) http://t.co/K431Kj9nok—
Screwed by State (@ScrewedbyState) May 09, 2015
FA Hayek on piecemeal analysis such as cost benefit analysis and evidence-based policy
09 May 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economics of regulation, F.A. Hayek Tags: Constitution of Liberty, cost benefit analysis, evidence-based policy, offsetting behaviour, The fatal conceit, The pretence to knowledge, unintended consequences
Most politicians don’t want to know about this
06 May 2015 Leave a comment
in applied price theory, applied welfare economics, economics of religion, Public Choice Tags: expressive voting, rational ignorance, rational irrationality
Penn and Teller on recycling – the practice of ‘feeling good for no reason’ | Carpe Diem Blog
05 May 2015 Leave a comment
Women are winning the human capital race | Kevin M. Murphy and Robert H. Topel
04 May 2015 Leave a comment
in applied welfare economics, discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, reversing gender gap
Why have women outpaced men? There’s little cognitive difference between the sexes, and males do better on standardized tests.
But Murphy, Becker, and Hubbard argue that women tend to have better “non-cognitive skills” than men do. Those personal skills and character traits such as persistence, self-control, and conscientiousness may help women excel academically and stay in school until they graduate.
The academic achievement gap actually starts before college: 25 percent more females than males took high-school advanced-placement tests in 2010, the Cleveland Fed economists find.
“There is a substantial gap between the measured high school performance of males and females,” Topel and Murphy write in a 2014 study, noting that female graduating high school seniors have, as a group, higher grade point averages than their male counterparts. “This high school gender gap in academic performance persists in the population that continues on to college.”
via Women are winning the human capital race | The University of Chicago Booth School of Business.
A lot of people look up their health on their smartphones, suspiciously so
04 May 2015 Leave a comment
in applied welfare economics, economics of information, economics of media and culture Tags: marketing research, response bias, statistical bias, survey bias
When I studied marketing research as a undergraduate, I studied television watching habits. None of the people we interviewed would admit watching the most popular programs including the soapies. Seeing us in our bright red University of Tasmania blazers at Salamanca Place in Hobart, they all said they watched the news and documentaries. That taught me a bit about response bias in marketing that stays with me to this day.
Poverty under capitalism
03 May 2015 Leave a comment
in applied welfare economics, development economics, economic history, growth disasters, growth miracles Tags: capitalism and freedom, The Great Enrichment, The Great Escape, The Great Fact
Behold: The most important economic chart in Western civilization. ow.ly/Moa2h @JimPethokoukis http://t.co/s1lzl1HLb9—
(@AEI) May 01, 2015
The mass kidnapping of Occupy activists has extended to New Zealand
01 May 2015 Leave a comment
in applied welfare economics, labour economics, poverty and inequality Tags: capitalism and freedom, Left-wing hypocrisy, mass kidnappings, Occupy Wall Street, The Great Enrichment, top 1%
Mass kidnappings is the only reason why the Occupy activists are not dancing seen in the streets to celebrate the steady fall of poverty in New Zealand over the last 20 years but for the hick-up of the GFC.
Facts about People Who Enjoy Eating Tasty Animals (PEETA)
01 May 2015 1 Comment
in applied welfare economics Tags: carnivores, vegetarianism
Paul Sabin "The Bet: Our Gamble for Earth’s Future"
30 Apr 2015 Leave a comment
in applied welfare economics, economic history, energy economics, environmental economics, resource economics Tags: Julian Simon, Paul Ehrlich, Paul Sabin
Democrat voters are turning against the idea of lower prices for ordinary families
29 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, international economics, politics - USA, Public Choice, rentseeking Tags: antiforeign bias, expressive voting, rational ignorance, rational irrationality, voter demographics
As America inches towards a big trade deal with Asia, Obama faces a showdown with his party econ.st/1JJMJAE http://t.co/6qmt9GegWF—
The Economist (@EconBizFin) April 27, 2015
Persuasive power of quoting a number
29 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, behavioural economics, econometerics, economic history, economics of information Tags: cognitive biases, cognitive psychology, data mining, economics of persuasion, evidence-based policy
Politicians & statistics. My proposal in today's @FT : ft.com/cms/s/0/dcf46a… http://t.co/HYbV4V2ps2—
Jonathan Portes (@jdportes) January 26, 2015
Only one line in this chart about India matters, ever
27 Apr 2015 Leave a comment
in applied welfare economics, development economics, economic history, growth disasters, growth miracles Tags: extreme poverty, global poverty, India, Leftover Left, poverty and inequality
In #India poverty is falling very, very rapidly – while inequality is rising.
More at: bit.ly/1KLT8Lh http://t.co/t5d1LQR4l0—
Max Roser (@MaxCRoser) April 27, 2015
UKIP are a bunch of fellow travellers
27 Apr 2015 Leave a comment
in applied welfare economics, constitutional political economy, income redistribution, Public Choice, rentseeking Tags: British election, expressive voting, rational ignorance, rational irrationality, UK politics, UKIP
Should we redistribute money from rich to poor? What voters of each party said. blogs.lse.ac.uk/generalelectio… http://t.co/aqc8yO3OYE—
Martin Hickman (@martin_hickman) April 26, 2015
Utopia, you are standing in it! 
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