The pretence to knowledge | Utopia, you are standing in it!

Angus Deaton Understanding and misunderstanding randomized controlled trials

16 Oct 2019 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, economics of bureaucracy, economics of crime, economics of education, economics of information, growth disasters, health economics, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics, Public Choice, public economics, theory of the firm Tags: offsetting behaviour, The fatal conceit, The pretence to knowledge, unintended consequences

Tirole on the difficulties of network and utility regulation. Tradeoff between high cost, low profit firms v. low cost, high profit firms

16 Oct 2019 Leave a comment

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Nobel prize for discovering if you subsidise something, you see more of it!! Many years worth of randomized controlled trials just to make sure in dirt poor countries. Didn’t know child vaccination payoffs so marginal that you had to check.

15 Oct 2019 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, development economics, econometerics, economics of education, economics of information, growth disasters, growth miracles, health economics Tags: The fatal conceit, The pretence to knowledge

Learn more about the 2019 Prize in Economic Sciences
Press release: https://t.co/qvkNJsJOfZ
Popular information: https://t.co/3uUP3AF7eD
Advanced information: https://t.co/TGfq0TR3gn #NobelPrize pic.twitter.com/6O9SO8GaGX

— The Nobel Prize (@NobelPrize) October 14, 2019

This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty. It divides this issue into smaller, more manageable questions – for example, the most effective interventions for improving child health.#NobelPrize pic.twitter.com/faQTTZhJqI

— The Nobel Prize (@NobelPrize) October 14, 2019

Every day roughly 250k people escape extreme #poverty. That’s something to celebrate! https://t.co/6AzBm4xZbF #PSP2016 pic.twitter.com/NHnadiq0Vy

— World Bank (@WorldBank) December 24, 2017

Scott Freeman and Bruce Champ on the Phillips Curve

07 Aug 2019 Leave a comment

by Jim Rose in business cycles, economic history, macroeconomics, monetary economics, Robert E. Lucas, unemployment Tags: The pretence to knowledge

The Unfulfilled Promise of the Anti-Discrimination Laws

28 Jun 2019 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, constitutional political economy, discrimination, economic history, entrepreneurship, industrial organisation, labour supply, law and economics, politics - USA, Richard Epstein, survivor principle Tags: racial discrimination, sex discrimination, The fatal conceit, The pretence to knowledge

Hayek and Robert Bork Part II on intellectuals, the impossibility of sociology and generality

25 May 2019 Leave a comment

by Jim Rose in Austrian economics, economic history, economics of education, economics of information, economics of regulation, F.A. Hayek, history of economic thought, law and economics, occupational choice, politics - USA, property rights, Public Choice, Rawls and Nozick Tags: The fatal conceit, The pretence to knowledge

Central planning on steroids

13 Nov 2018 Leave a comment

by Jim Rose in economics of education, human capital, labour economics, Marxist economics, occupational choice Tags: China, economics of central planning, The fatal conceit, The pretence to knowledge

No surprise

18 Sep 2018 Leave a comment

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Energy efficiency investments are inefficient

29 Aug 2018 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, energy economics, environmental economics Tags: offsetting behaviour, The fatal conceit, The pretence to knowledge, unintended consequences

Ugh: Energy efficiency doesn't actually pay
Upfront investment costs = 2x actual energy savings
Modeled savings 3x exaggerated
Rate of return: negative 7.8%/yrhttps://t.co/0uTSRWphNg pic.twitter.com/u2uC0YdYZ4

— Bjorn Lomborg (@BjornLomborg) March 4, 2018

Robert Lucas on the utopianism of most economic advisors

23 Aug 2018 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, history of economic thought, Public Choice, Robert E. Lucas Tags: The pretence to knowledge

So that's Lucas (1988) looping together Stigler AND Sims as ennemies of utopias. And Lucas is the "schizophrenic, utopian" one.

I think it's time to give up on history of macro. Again. pic.twitter.com/kzr5H7jUwx

— Beatrice Cherrier (@Undercoverhist) August 9, 2018

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