“@HoldMyBeerGif: Hold my beer while I go for a swim. http://t.co/sfnr36Rqcy”
— atknkayaa (@AtknKaya) January 24, 2015
Senior citizen texting code
01 Feb 2015 Leave a comment
in economics of media and culture Tags: ageing society, texting
HT: Elana Rose
Hold my beer while I shoot a gun
01 Feb 2015 Leave a comment
Another week in pseudoscience
01 Feb 2015 Leave a comment
in economics of media and culture, health economics Tags: anti-intellectualism, Anti-Science left, pseudoscience, Quacks
Peak Facebook?
01 Feb 2015 Leave a comment
in economics of media and culture, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, Facebook, Serial competition, The meaning of competition
Darwin awards: Two daredevils playing tennis on a flying airplane
31 Jan 2015 Leave a comment
in economics of media and culture, transport economics Tags: Darwin awards
Hold my beer while I race
30 Jan 2015 Leave a comment
in economics of media and culture Tags: Darwin awards
Hold my beer while I rob this store
28 Jan 2015 Leave a comment
Mendicant NZ artist denounces neoliberalism and tall poppy syndrome in same breath
28 Jan 2015 Leave a comment
in economics of media and culture, politics - New Zealand, rentseeking Tags: corporate welfare, green hypocrisy, Left-wing hypocrisy, neoliberalism, rent seeking, starving artists, tall poppy syndrome, Yes Prime Minister
Man Booker Prize author Eleanor Catton from New Zealand managed in the same interview in India to denounce the neoliberalism of New Zealand’s current government and then denounce the tall poppy syndrome that cuts down artistic elites such as herself down to size when they become successful.
At the moment, New Zealand, like Australia and Canada, (is dominated by) these neo-liberal, profit-obsessed, very shallow, very money-hungry politicians who do not care about culture
This is tremendous a hypocrisy: to denounce a neoliberal philosophy that supposedly favours the elite over the working class and then complain about members of the elite such as herself are not supported sufficiently from the taxpayers’ tough:
We have this strange cultural phenomenon called “tall poppy syndrome”; if you stand out, you will be cut down…
If you get success overseas then very often the local population can suddenly be very hard on you. Or the other problem is that the local population can take ownership of that success in a way that is strangely proprietal.
Catton manages to denounce neoliberalism and the capitalist competition that entails but then gets quite annoyed over the fact the successful people aren’t rewarded and recognised by the country.
What hypocrisy. She denounces neoliberalism and then complains about been cut down because of her success. If you’re an opponent of neoliberalism, there is some obligation on you to argue for a levelling of income and wealth, including your own.
It betrays an attitude towards individual achievement which is very, uncomfortable. It has to belong to everybody or the country really doesn’t want to know about it…
I’ve really struggled with my identity as a New Zealand writer. I feel uncomfortable being an ambassador for my country when my country is not doing as much as it could, especially for the intellectual world.
Catton is particularly upset over the fact that New Zealand is expected to share her fame with them some way. Obviously, Catton believes in private profits, private fame at social losses and public subsidies for the arts. Having to share what she earns is not part of her opposition to neoliberalism.
From each in accordance with their ability, to each in according to their need is the heart of the anti-neoliberal philosophy, or is it Robert Nozick’s capitalistic acts between consenting adults where it is from each as they choose, to each as they are chosen, especially if you’re a successful artist.
Such is the price neoliberalism is Eleanor Catton, like every other able-bodied adult, is expected to earn a living for themselves by producing something that someone wants a profitable global for them rather than expect a hand-out from the government simply because of the desire of the recipients to receive the money. In her case, her claim for government hand-outs is because she happens to be artistic.
Jim Hacker: “So they insult me and then expect me to give them more money?”
Sir Humphrey: “Yes, I must say it’s a rather undignified posture. But it is what artists always do: crawling towards the government on their knees, shaking their fists.”
Jim Hacker: “Beating me over the head with their begging bowls.”
Bernard Woolley: “Oh, I am sorry to be pedantic, Prime Minister, but they can’t beat you over the head if they’re on their knees. Unless of course they’ve got very long arms.”
Is surge pricing by Uber another name for overtime and weekend pay
28 Jan 2015 Leave a comment
in applied price theory, economics of media and culture, economics of regulation, Public Choice, rentseeking, transport economics Tags: barriers to entry, compensating differentials, peakload pricing, taxi regulation, Uber
Uber is in strife of late for charging more at peak times - Uber calls it surge pricing. We don’t object paying more for a meal at a restaurant at dinner time rather than at lunchtime but the same people object to paying more for the taxi late at night where the driver must risk the dangers of solitary night-time work and picking up strangers who might have had a few too many.
Under Uber’s now-national policy, price surging is capped during disasters and states of emergency at the fourth-highest nonemergency surge seen in the previous two months.
We all expect to pay more for air tickets at peak times, such as school holidays and Christmas. Indeed, one reason we are able to delay booking is we know seats will be available because they are selling at a premium for those who booked late. Others who make their plans early quite enjoy getting the cheaper for early bird bookings.
Is surge pricing another name for over time and night and weekend pay? Union contracts provide for overtime pay, if you work more than the specified 8 hours a day.
The Holidays Act in New Zealand provides that if an employee works at the weekends, they are paid at 150% of the normal rate; and double party on public holidays. Not many employees object of this wage premium for work in it inconvenient times. Cafes and restaurants routinely charge of 10-15% price premium on public holidays to cover this overtime pay.
As would be expected under the theory of compensating differentials, there are wage premiums for jobs where the worker must work at inconvenient or unsocial times, in jobs with a greater risk of injury, or otherwise work more unpleasant than the average.
Viscusi estimated the wage premium for hazardous jobs to be rather large in the United States:
The extra pay for job hazards, in effect, establishes the price employers must pay for an unsafe workplace.
Wage premiums paid to U.S. workers for risking injury are huge; they amount to about $245 billion annually (in 2004 dollars), more than 2 percent of the gross domestic product and 5 percent of total wages paid. These wage premiums give firms an incentive to invest in job safety because an employer who makes the workplace safer can reduce the wages he pays.
Those who don’t like Uber’s surge pricing can always hail a cab. As I remember from American TV programmes, at peak times, prospective customers on the side of the road hail cabs at peak times with several fingers raised to indicate how much more than the standard fare, they are willing to pay.
There is nothing new under the sun. Uber’s app allows you to do the price bidding for a taxi on your cellphone rather than out in the cold
I, Smartphone
28 Jan 2015 Leave a comment
in applied price theory, applied welfare economics, economics of media and culture, industrial organisation, survivor principle Tags: IPencil, Iphone
Based on Leonard Read’s famous essay “I, Pencil,” this short video beautifully illustrates the vast complexity that we carry in our pockets.
No one person could ever make a smartphone. It required the spontaneous cooperation of millions across all countries. The world could never be reinvented by a single mind, but rather requires the coordination of plans made possible only through private property and the price system.
HT: http://tucker.liberty.me/2015/01/27/15-great-lessons-on-commerce-and-entrepreneurship/#.VMfl-ZUvGGA.facebook
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