George Stigler on marginal cost
31 Dec 2019 Leave a comment
in applied price theory, George Stigler, industrial organisation, managerial economics, organisational economics, survivor principle
Joan Robinson (1933) explains perfect competition
31 Dec 2019 Leave a comment
in applied price theory, history of economic thought, industrial organisation, survivor principle Tags: perfect competition
BBC WS radio misrepresents the IHRA definition of antisemitism
30 Dec 2019 3 Comments
h/t SG
The December 22nd edition of the BBC World Service radio programme ‘Boston Calling’ – titled “The allegiance edition” – included an item (from 08:56 here) described in its synopsis as follows:
“Also, we look into President Trump’s latest executive order, which relies on a controversial definition of anti-Semitism…” [emphasis added]
The working definition of antisemitism which the BBC World Service found fit to portray as “controversial” is that produced by the International Holocaust Remembrance Alliance (IHRA) which has been adopted by governments and bodies around the world.
Presenter Carol Hills (of PRI) chose to introduce the item with an unexplained reference to ‘allegiance’ which might well be considered inappropriate given the subject matter of antisemitism.
[emphasis in italics in the original, emphasis in bold added]
Hills: “In these divided times there are still some things we agree on. Few people, for…
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Alan Manning explains monospony in labour markets
30 Dec 2019 Leave a comment
in applied price theory, economics of information, history of economic thought, job search and matching, labour economics, labour supply Tags: job search, search and matching
Winter is Coming, Peace is Not – The Frozen Fronts – WW2 – 070 – December 28, 1940
30 Dec 2019 Leave a comment
in defence economics, war and peace Tags: World War II
Hershleifer on postive economics
30 Dec 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of information, economics of regulation, entrepreneurship, industrial organisation, international economics, labour economics, law and economics, market efficiency, Public Choice, survivor principle
Richard Epstein on the cost of discrimination
30 Dec 2019 Leave a comment
in applied price theory, Austrian economics, discrimination, economics of information, industrial organisation, politics - USA, property rights, Public Choice, survivor principle Tags: sex discrimination
The @Greenpeace business model
30 Dec 2019 Leave a comment
in economics of information, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: green rentseeking
Tradeable birth permits: ecological economics finest hour
30 Dec 2019 Leave a comment
in development economics, economics of love and marriage, law and economics, population economics Tags: ageing society, cranks, pessimism bias, population bomb
The 1619 Project: Historians versus the New York Times
30 Dec 2019 Leave a comment
There’s no doubt that America has been marked in a big way, with many people still marginalized, by the presence of slavery in our history. I see this every week in Chicago, America’s most segregated city, where (except for Hyde Park, where I live), white and black communities are largely separated, with the latter having poorer schools, deficient government services, and, of course, lower incomes. This cannot be understood without apprehending the context in which black people came to America: as slaves.
And so I applaud the New York Times‘s “1619 Project”, described in Wikipedia and whose contents are at the NYT link just below. Its goal is to educate Americans about the legacy of slavery in America, and to produce materials to supplement secondary school history curricula. This is timely and needed: for example, a Southern Poverty Law Center survey showed this:
Only 8 percent of high…
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A Test of the Tropical 200‐ to 300‐hPa Warming Rate in Climate Models – @RossMcKitrick – 2018
30 Dec 2019 Leave a comment
in econometerics, economic history, energy economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA Tags: climate alarmists
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