Famous black-and-white photos in colour – you be the judge!
22 Nov 2014 Leave a comment
in liberalism, technological progress Tags: famous photos, fraying of culture
It’s not just Ed Miliband. Labour’s on the wrong side of history » The Spectator
21 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, election campaigns, liberalism, macroeconomics, Marxist economics, political change, politics - Australia, politics - New Zealand, politics - USA, public economics, technological progress Tags: free trade, globalisation, market augmenting governments
Politicians can’t be heroes any more. Instead, they have to operate within the tightly drawn tramlines of the global economy.
This is true for those on the left and the right, but the pressure that this places on countries to adopt a low-tax, light-regulation regime is something with which the right is far more comfortable.
via It’s not just Ed Miliband. Labour’s on the wrong side of history » The Spectator.
Air Crash investigations is running out of air crashes to investigate
17 Nov 2014 Leave a comment
in liberalism, technological progress, TV shows Tags: air crash investigations
My favourite programme on TV is Air Crash Investigations – drama, heroism, technology and a detective story all rolled into one. The show is in its 14th season now, so it is running out of decent crashes to investigate.
The planes are getting smaller; some even have propellers on them. The show is also investigating crashes in developing countries, where the causes of the crash are often too obvious before the show starts.
Surprisingly, some of the investigations about propeller driven aircraft were actually rather interesting.
One of these programs was set in 1955: a mid-air collision over the Grand Canyon, which turned out to be a rather interesting a crash investigation.
Back then, not only were there no black boxes, air traffic control consisted of the pilot radioing his airline who would then telephone the air traffic controller.
There are not that many planes in the air at that time, but enough to run into each other over the Grand Canyon. The causes of the crash were identified through brilliant detective work.
A surprisingly large number of crashes are caused by pilots forgetting to fly the plane. A malfunction warning distracts the entire crew in solving the problem, in part, because flying is so automated that they have nothing else to do. Hence the rise of crew resource management as a solution to this.
Very few air crashes actually have one cause. Usually, there can be two or three or even half a dozen factors. All had to be in play for there to be the disaster. This confluence of unusual factors can lead to a situation outside the experience of the pilots which can overwhelm them before they work out what is happening.
Many crashes are averted by the skill, initiative and improvisation of the pilots and their stout refusal to stop fighting to the last. More lives are saved by the calm ability of the cabin crew to evacuate the plane so quickly.
What if We’re Looking at Inequality the Wrong Way? – NYTimes.com
16 Nov 2014 Leave a comment
in applied welfare economics, entrepreneurship, human capital, labour economics, labour supply, liberalism, Marxist economics, occupational choice, politics - USA, poverty and inequality, public economics, Rawls and Nozick, technological progress Tags: Piketty, poverty and inequality
Some of the 10 Greatest Inventions Ever – Fancy Lists
14 Nov 2014 Leave a comment
in technological progress Tags: The Great Enrichment, The Great Escape, The Great Fact
KIDS REACT TO OLD CAMERAS
14 Nov 2014 Leave a comment
in technological progress Tags: The Great Enrichment
The Twitter Left is replacing the Left over Left
14 Nov 2014 Leave a comment
in comparative institutional analysis, liberalism, Marxist economics, politics, politics - Australia, politics - New Zealand, politics - USA, technological progress Tags: Leftover Left, Twitter left
Would You Rather Be Rich In 1900, Or Middle-Class Now?
02 Nov 2014 Leave a comment
in liberalism, technological progress Tags: The Great Enrichment, The Great Fact
Joseph Schumpeter | MRUniversity
28 Oct 2014 Leave a comment
in economic history, entrepreneurship, history of economic thought, technological progress Tags: creative destruction, entrepreneurship, Joseph Schumpeter
Utopia, you are standing in it! 
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