Mises on what history can and cannot teach
22 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economic history, Ludwig von Mises Tags: methodology of economics, philosophy of economics
Why @NZGreens @nzlabour @GreenpeaceNZ hate applied welfare economics
21 Aug 2015 Leave a comment
in applied welfare economics, economics of regulation, energy economics, environmental economics, health economics, international economics, labour economics, law and economics, politics - New Zealand, Public Choice Tags: antiforeign bias, antimarket bias, expressive voting, Greenpeace, Leftover Left, make-work bias, methodology of economics, New Zealand Greens, New Zealand Labour Party, rational ignorance, rational irrationality
Quotation of the Day from French Economist Frederic Bastiat in the 1850s http://t.co/2ECWtb6m9u—
Mark J. Perry (@Mark_J_Perry) August 14, 2015
Henry Hazlett on why economics is so difficult
20 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, income redistribution, Public Choice, rentseeking Tags: antiforeign bias, antimarket bias, bootleggers and baptists, green rent seeking, Henry Hazlett, makework bias, methodology of economics, philosophy of economics
Settled science part 1: Is science ever actually settled?
17 Aug 2015 Leave a comment
in applied welfare economics, energy economics, environmental economics, history of economic thought Tags: climate alarmism, conjecture and ref patient, global warming, methodology of economics, philosophy of science, philosophy of social sciences
We are constantly told that “everyone has a right to their opinion” and “there are two sides to every story.” Our entire news system is predicated on the notion that we need to give fair time to both sides of every situation. The problem with this type of thinking is that it leads to the misconception that both sides are equally valid, or, at the very least, that there must be some truth to both sides, but in many cases, only one side has any merit. In other words, it’s often not opinion #1 vs. opinion #2, rather, it is fact vs. fiction. One “side” is reality, while the other “side” is a fairy tail. For example, if you want to say that the island of Jamaica is being carried around on the back of giant sea turtle, that’s not your opinion, you’re just wrong. There wouldn’t be two legitimate…
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Mises on experimental economics
16 Aug 2015 Leave a comment
in experimental economics, Ludwig von Mises Tags: methodology of economics, philosophy of economics
Mises on the role of statistics
16 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, econometerics, economic history, Ludwig von Mises Tags: methodology of economics, philosophy of economics, statistics
George Stigler on the growth of knowledge
10 Aug 2015 Leave a comment
in George Stigler, history of economic thought Tags: conjecture and refutation, growth of knowledge, methodology of economics, philosophy of science, philosophy of social sciences, structure of scientific revolutions
Mises on the dangers of specialisation and economic analysis
17 Jun 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, Ludwig von Mises Tags: division of labour, methodology of economics, philosophy of economics, The fatal conceit, The pretence to knowledge
If You’re A Keynesian Then You Must Believe The Minimum Wage Increases Unemployment
14 Jun 2015 Leave a comment
in business cycles, fiscal policy, labour economics, macroeconomics, minimum wage Tags: Bryan Caplan, economic fallacies, involuntary unemployment, Keynesian macroeconomics, methodology of economics, wage rigidity
Via If You’re A Keynesian Then You Must Believe The Minimum Wage Increases Unemployment and The Myopic Empiricism of the Minimum Wage, Bryan Caplan | EconLog | Library of Economics and Liberty.
Utopia, you are standing in it! 
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