Is Darity’s Stratification economics agreeing or disagreeing with Tom Sowell?
17 Jul 2019 Leave a comment
in discrimination, economics of education, economics of information, human capital, labour economics, Thomas Sowell
Black immigrants from the West Indies come from poor developing countries where slavery was far worse than in the southern states of America and the schools not much better either. First generations of Japanese immigrants also came from a poor country and had to overcome language barriers as well.
From Thomas Sowell https://pdfs.semanticscholar.org/58a6/49dec46a75716cc08013fa586525a8809b90.pdf
Monopsony has a monopoly on ambiguity and sexing up search frictions as exploitation too
17 Jul 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, labour economics, labour supply, managerial economics, organisational economics, personnel economics Tags: job search, labour market search, monopsony, search and matching
George Stigler on the contribution of monopsonistic competition
17 Jul 2019 Leave a comment
in applied price theory, George Stigler, history of economic thought, industrial organisation
From George Stigler Five Lectures in Economic Problems 1949.
Christina Hoff Sommers on how women’s right to vote was born in political pragmatism and a desire to win
17 Jul 2019 Leave a comment
in discrimination, gender, law and economics, politics - USA Tags: female franchise, virtue signalling, voting rights
Do philosophers argue themselves out of a job?
17 Jul 2019 Leave a comment
in economics of crime, law and economics, property rights, Richard Posner Tags: animal rights, moral philosophy, moral psychology
Why some bastard will always cheat on the agreement. Get your retaliation in first too.
17 Jul 2019 Leave a comment
in applied price theory, economics of information, industrial organisation, law and economics Tags: cartel enforcement, cartel theory, competition law, game theory, oligopoly
How Kim Jong-un Gets His $500,000 Mercedes | Visual Investigations @nytimes
17 Jul 2019 Leave a comment
in defence economics, international economics, International law, Public Choice Tags: North Korea
Science 101: Null Test All Claims
17 Jul 2019 Leave a comment
Francis Menton provides some essential advice for non-scientists in his recent essay at Manhattan Contrarian You Don’t Need To Be A Scientist To Know That The Global Warming Alarm “Science” Is Fake. Excerpts in italics with my bolds.
When confronted with a claim that a scientific proposition has been definitively proven, ask the question: What was the null hypothesis, and on what basis has it been rejected?
As Menton explains, you don’t need the skills to perform yourself the null test, just the boldness to check how they dismissed the null hypothesis.
Consider first a simple example, the question of whether aspirin cures headaches. Make that our scientific proposition: aspirin cures headaches. How would this proposition be established? You yourself have taken aspirin many times, and your headache always went away. Doesn’t that prove that the aspirin worked? Absolutely not. The fact that you took aspirin 100 times and the…
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Bryan Caplan: “The Case Against Education”
17 Jul 2019 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, occupational choice Tags: signalling
Ten Minute History – Westward Expansion and the American Civil War
17 Jul 2019 Leave a comment
in economic history, economics of crime, income redistribution, labour economics, labour supply, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: American Civil War
Climate Change: What Do Scientists Say?
17 Jul 2019 Leave a comment
in economic history, energy economics, environmental economics, global warming, politics - New Zealand, politics - USA Tags: climate alarmism, pessimism bias, regressive left
No wage premium for bilingualism. Lack of fluency in dominant language carries a wage penalty for migrants and indigenous peoples.
17 Jul 2019 Leave a comment
in applied price theory, discrimination, economics of education, human capital, labour economics, labour supply, poverty and inequality Tags: economics of languages
I’d go beyond Kuhn to argue Manning’s excellent book should be titled “Random matching with ex-ante wage posting in motion”
17 Jul 2019 Leave a comment
in labour economics, labour supply Tags: job search, labour market search, monopsony, search and matching
Global and Korean economic forecasts by Edward Prescott
17 Jul 2019 Leave a comment
in budget deficits, business cycles, development economics, economic growth, Edward Prescott, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, growth miracles, macroeconomics, monetary economics Tags: real business cycles
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