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Most recent posts

  • Redistribution

    posted to Stumbling and Mumbling on Tue 8th Oct 13

    We tend to think that the left supports redistribution of wealth and income whilst the "right" - classical liberals if not David Cameron - opposes it. This is not true. Many rightists favour redistribution, and not merely to bankers and bosses, simply

  • Ignore the newspapers

    posted to Stumbling and Mumbling on Mon 7th Oct 13

    Another day brings another furore about the press, the latest being about The Sun's stigmatizing the mentally ill. This poses the question: why should we fret about newspapers' misconduct?I'll fess up here. I read the Mail most days. But I also read Holy Moly

  • Complexity & alienation

    posted to Stumbling and Mumbling on Sun 6th Oct 13

    In the day job, I point out that the "Mr Market" metaphor can be be misleading. If markets are complex emergent processes, as Alan Kirman shows, prices and quantities cannot be seen as the result simply of an individual's behaviour, writ large and

Most popular posts

  • "Economics" & rationality

    posted to Stumbling and Mumbling on Fri 8th Jun 12

    One of the great irritations of our age is the tendency for non-economists to tell us what's wrong with economics. We've seen two egregious examples of this recently, with a common theme. Suzanne says:[Economics] assumes behaviour is rational. It cannot calculate

  • The rationality of voting

    posted to Stumbling and Mumbling on Sun 4th Nov 12

    John Gibson points to some neat research showing that voting is sensitive to the opportunity cost of doing so and infers that not voting might well be rational.I don't think it's as clear as this.John says:  If voting is rational it comes down to a comparison

  • The impossibility of meritocracy

    posted to Stumbling and Mumbling on Wed 26th Sep 12

    Should you hire the best-qualified candidate for a job? The answer is: not necessarily, as a new paper points out.The reason for this is simple.It's to do with induced reciprocity.If you hire a duffer, he'll feel grateful to you and will exert more effort or

Latest posts linking here

  • Punished by Fate

    posted to The Epicurean Dealmaker on Sat 5th Oct 13

    Winslow Homer, The Gulf Stream, 1899Dans ce pays-ci, il est bon de tuer de temps en temps un amiral pour encourager les autres. Voltaire, CandideThen, as his planet killed him, it occurred to Kynes that his father and all the other scientists were wrong, that

  • Links for 09-27-2013

    posted to Economist's View on Fri 27th Sep 13

    Trade and Secular Stagnation - Paul KrugmanThe Romney Whale - Rajiv SethiWhat's wrong with predistribution - Lane KenworthyA Time of Testing - Narayana KocherlakotaThe Fed's Confusing Search for Clarity - NYTimes.comEstimating the State of the Climate Weblogging

  • Links for 09-26-2013

    posted to Economist's View on Thu 26th Sep 13

    Default Notes - Paul KrugmanAnother look at the Koizumi boom - MacroManiaA Pause, Not an End, to Warming - NYTimes.comThe Cost of Climate Change - NYTimes.comCapital is back! - Thomas Piketty and Gabriel ZucmanAyn Rand Is Ruining The American Economy - Business