Via Peter Boettke
Creative destruction in prime time dramas
11 Jan 2016 Leave a comment
in economic history, entrepreneurship, television
Via Peter Boettke
George Costanza on the meaning of truth
24 Dec 2015 Leave a comment
in television, TV shows Tags: Seinfeld
The entrepreneurial alertness of Arthur Daley
05 Dec 2015 Leave a comment
in entrepreneurship, television, TV shows Tags: entrepreneurial alertness, The Minder
That’s why there’s a husband’s chair in every quality women’s shop
19 Oct 2015 Leave a comment
in economics of love and marriage, economics of media and culture, television Tags: entrepreneurial alertness, marriage and divorce, search and matching, The battle of the sexes, The Simpsons
Yes Prime Minister on every support short of help
15 Oct 2015 Leave a comment
in economics of bureaucracy, television Tags: Yes Prime Minister
@ChristchurchCC Deputy Mayor is clueless about the criminal justice system
21 Sep 2015 Leave a comment
in economics of crime, law and economics, politics - New Zealand, television, transport economics, urban economics Tags: crime and punishment, evidence-based policy, law and order, local government, rational ignorance, rational rationality, road safety, Yes Minister
In responding to demands for police to crack down on windscreen washers, some of whom intimidate motorists to pay, the deputy mayor of Christchurch showed a cultured ignorance of youth courts. She has never read newspaper reports that show that youth court defendants are never named and their convictions are not held against them as adults. Furthermore, she is unaware of the spent convictions law in New Zealand that expunges most convictions after seven years, especially petty convictions.
Wild Swans and Star Trek
29 Mar 2014 1 Comment
in applied price theory, development economics, economics of bureaucracy, Marxist economics, Public Choice, technological progress, television Tags: economics of planning, star trek
About the only book I almost read in one sitting was Wild Swans. I stopped reading at 2 in the morning. This autobiography is 676 pages long. Wild Swans is the story of three generations of women and their families in 20th century China. It is the biggest grossing non-fiction paperback in publishing history.
Wild Swans starts with Jung Chang’s grandmother whose feet were bound at the age of two in 1909. She was later to be a concubine to the local warlord. Her mother was a communist revolutionary in the 1940s onwards and her own story as among other things a teenage Red Guard in the Cultural Revolution. The Guardian described Wild Swan as “For many in the west, Wild Swans was their first real insight into life under the Chinese Communist party.”
I will only mention the part of it that reminded me of Steven Cheung’s analysis of how class ridden communist societies were.
A party membership card puts you above others. That card described in enormous detail what privileges you received depending on your rank in the party.
This is exactly what happened in wild swans. Jung Chang’s father was of the 14th rank while her mother was of the 17th rank. This rank decided what food you got, your accommodation, whether your parents could live with you and even the type of seat you got on the railways.
Star Trek was supposed to be a society that had abolished money and as a post-scarcity economy because everything was available through a replicator. The type of economics it is based on is cooperative economics. To quote Captain Picard:
A lot has changed in three hundred years. People are no longer obsessed with the accumulation of ‘things’. We have eliminated hunger, want, the need for possessions.
The economics of the future is somewhat different. You see, money doesn’t exist in the 24th century… The acquisition of wealth is no longer the driving force in our lives. We work to better ourselves and the rest of Humanity.
The Ferengi and their 285 rules of acquisition were a satire on capitalism. The Ferengi was originally meant to replace the Klingons as the Federation’s arch-rival but they were far too comical.
Gene Roddenberry’s love story with socialism is the most class-ridden society I have ever seen. In Star Trek, higher ranked officers had larger cabins, and most of all they always beamed back from the planet.
Anyone who beamed down with Captain Kirk dressed in those red security officer tops were expendables. Death and accommodation were class based on Star Trek.
The U.S.S. Enterprise also spent a lot of time negotiating trade treaties and visiting planets where the Earth colonists lived in agrarian poverty with famines and preventable diseases.
Utopia, you are standing in it! 
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