Categories
Archives
Monthly Archives: December 2009
Pareto Efficiency: Rides Home Edition
Economists often speak of efficiency, which I fear might further people’s perception of economics as a calculating, dismal science, unconnected to more “human” social sciences. I think that the word “efficient” carries the negative connotation of a robot-like, profit-maximizing corporation, concerned only with the bottom line. This is an unfortunate mischaracterization, because many economic definitions [...]
Another RI Blogroll Blogger Bashes the Axiom
I’ve continued to think about Will Wilkinson’s post on the axiom of non-coercion and its inapplicability in reality, and while I recognize the limits of any axiom, I still have a problem with the way that he phrased the post. Wilkinson has a new ally on my blogroll in Robin Hanson, at Overcoming Bias.
Frustratingly, Hanson takes [...]
Posted in Axiom of Non-Coercion, Freedom, hayek Tagged blogwars, efficiency vs liberty, federal reserve, the axiom 1 Comment
THE AXIOM
I don’t know how long this idea is going to be on my mind, but recently it’s been the main subject I’ve wanted to blog. I decided that I want to start referring to the axiom of non-coercion simply as “the axiom” from now on, on this blog. First, just to clear things since I [...]
Tis the Season
On this December 25th of the year 2009, I’d like to wish everyone out there happy holidays, whatever you celebrate.
Social Bookmarking
Posted in Freedom Leave a comment
Richard Epstein on Happiness
The best EconTalk I’ve heard in a long time. Epstein’s humanity really comes through in a way that’s not often felt. Insightful on both individuals and social institutions.
Social Bookmarking
Posted in Psychology & Behavior Tagged econtalk, happiness, inequality, richard epstein, wealth Leave a comment
Wilkinson on the Axiom of Non-Coercion
Will Wilkinson claims that the axiom of non-coercion, popular among some hardcore libertarians, stands on weak ground. The axiom states that coercion, or the initiation of physical force against a person is inherently illegitimate. He suggests (or rather agrees with another blogger) that coercion is in the eye of the beholder. As part of his argument, he [...]
Economic Sanctions Harm Innocent People
Sanctions don’t work in countries with strong governments. They haven’t worked for past the 45 years in Cuba. They haven’t worked in North Korea. Kim Jong Il will still get his Gucci sunglasses while ordinary North Koreans suffer from our blockade.
For whatever twisted logic or folk economics, on December 15th the House of Representatives voted [...]
Why I’m Not Tripping Over The Louisiana Purchase
The 2009 Louisiana Purchase:
“Sen. Mary L. Landrieu, Louisiana Democrat, provided one of the last two votes needed to bring the government health care takeover to the Senate. She didn’t even blush about selling her vote. “I am not going to be defensive. And it’s not a $100 million fix. It’s a $300 million fix,” Mrs. [...]
Posted in Government Spending, Self Interest Tagged boris yeltsin, Health Care, political compromise 1 Comment
13 Attorney Generals Push the Dislike Button