Older people under-estimate how long they will live. @TheIFS chart https://t.co/gZTMGp43PR pic.twitter.com/GWdUUhoLfo
— Paul Kirby (@paul1kirby) January 24, 2019
Day 24 of @Eugeniesage’s #plasticbagfascism: 11th 20 cent bag
24 Jan 2019 Leave a comment
in environmental economics, politics - New Zealand Tags: recycling
Review: “Human Capital vs. Signaling is Empirically Unresolvable” by Nick Huntington-Klein (CSU Fullerton, August 2018)
24 Jan 2019 Leave a comment
Contact Nick Huntington-Klein here.
Is education a process by which individuals acquire useful skills, or one whereby individuals who already possess skills set themselves apart from others? In theory, the distinction between these two visions of the education process carry radically different implications for whether education is an enterprise worthy of public subsidy. While it’s hard to argue that either theory is completely false, much ink has been spilt in the tussle over whether one or the other predominates. Prior estimates of the proportion of returns to education attributable to signaling range from 10% to 80%.
In practice, argues Nick Huntington-Klein, these models are so difficult to disentangle from one another that there’s no point trying.
Huntington-Klein’s persuasive if somewhat depressing argument begins with a basic mediating variables framework: if there is a causal link between education and individual outcomes, signaling and human…
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James M. Buchanan: Antitrust and Politics as a Process
24 Jan 2019 Leave a comment
in Austrian economics, comparative institutional analysis, constitutional political economy, economics of regulation, industrial organisation, James Buchanan, law and economics Tags: antitrust economics, special interests, The meaning of competition
Jason Brennan counters critics of ‘Markets Without Limits
24 Jan 2019 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, economic history, economics of regulation, history of economic thought, industrial organisation, labour economics, labour supply, law and economics, liberalism, Public Choice, public economics, Rawls and Nozick
Capitalists in the Twenty-First Century: top income earners are working rich
24 Jan 2019 Leave a comment
in applied price theory, entrepreneurship, human capital, industrial organisation, labour economics, occupational choice, survivor principle Tags: top 1%
Who are these employer groups unions will negotiate with? Do they exist in many industries? Have funding, contacts to even know what they are negotiating about and on behalf of whom?
24 Jan 2019 1 Comment
in labour economics, politics - New Zealand, unions Tags: collective bargaining, union power
Free-Market Marijuana
24 Jan 2019 Leave a comment
in economics of regulation, entrepreneurship, health economics, politics - USA Tags: marijuana decrimilisation
Spaghetti Monsters and Free Exercise
23 Jan 2019 Leave a comment
Should Flying Spaghetti Monster worshipers be allowed to wear colanders on their heads in drivers’ license photos? Maybe so. Today, four conservative justices hinted that someone might want to bring them a good Free Exercise case soon so they can unseat a long-standing and long-criticized case called Employment Division v. Smith. That case, penned by Justice Scalia, had in turn uprooted several decades-worth of precedent that had built up a robust bulwark of religious rights under the First Amendment’s Free Exercise Clause.
It’s a funny twist. Liberal justices like Justice William Brennan had built up strong protections under the Free Exercise Clause, such as allowing Amish to pull their children from high school early because of their faith, or allowing Saturday Sabbath worshipers to enjoy certain exceptions to work requirements for unemployment benefits. Then the penultimate conservative justice, Antonin Scalia, dealt a severe blow to those precedents in Smith
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Aussie Animal “Rights” Group Accused of Spurning Illegal Behavior With Online Map
23 Jan 2019 Leave a comment
The UK Guardian reports Australia’s agriculture minister, David Littleproud, has urged the animal rights group Aussie Farms to remove a map the group published online revealing the locations of farms and abattoirs. Littleproud is concerned that its presence would enable people to conduct acts of terrorism and trespassing.
Aussie Farms denies their map would lead to any such results claiming animal rights activists are peaceful and non-violent. The information they provide, group spokesman Chris Delforce told the Guardian, can be found online anyway.
Littleproud’s concerns are justified since animal rights supporters with ulterior motives can use the map as a means of picking out targets to harass or attack. Plus also, as the agriculture minister points out, there is no way to verify the authenticity of the photos and videos uploaded to the website.
Aussie Farms’s claim that they want to allow consumers to make informed choices is nothing…
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Watching a show about the dot com bubble: learning by investing
23 Jan 2019 Leave a comment
in financial economics, industrial organisation, survivor principle Tags: competition as a discovery procedure, efficient markets hypothesis
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