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Category Archives: Folk Economics
The Power of Parenthood
Happy Mother’s Day to all mothers out there, human and non-human.
I haven’t experienced the phenomenon of having a child yet, but apparently the impact of being a parent is so strong it has the capacity to induce Bryan Caplan to think irrationally:
“I don’t regret anything in my life prior to the conception of my sons. This may [...]
Have To, Revisited
Sorry, I’ve got something else I have to do.
This a very useful phrase to respond to other people when you can’t make an event. Now that I know better, I feel guilty saying it because it’s a lie. I don’t have to do anything. I am choosing between two things I want to do. A [...]
Sowell, Mises, and the Pain of Going Against the Grain
In the last two days, I have observed that people who possess strong convictions about the way the world is can frequently turn bitter if their worldview substantially differs from popular opinion. The first piece of evidence was a quote by Milton Friedman about Ludwig von Mises:
“The story I remember best happened at the initial [...]
Also posted in Psychology & Behavior Tagged ideas, intellectuals, mises, socialism, sowell 1 Comment
What’s in a Word?
Over at Marginal Revolution, Alex Tabarrok notes the emergence of discussions among libertarians about the shortcomings of the word “capitalism.” He cites some libertarian writers who have even started referring to free-markets as socialism, because they believe it more accurately represents the concept they are trying to convey. This sounds like a ridiculous notion that [...]
Got To Admit It’s Getting Better…
A lot better over the time. Even those who value a narrower income gap can celebrate these finding. If articles like this can’t convince people that the standard of living drastically improves over time, I don’t know what can.
Lend Me Your Ears
Two links for your listening pleasure:
Thomas Sowell on economic facts and fallacies.
Libertarian economist David R. Henderson debates liberal economist Mark Weisbrot.
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 [...]
Libertarians and Conservatives: Strange Bedfellows (pt. 1)
For better or for worse, the United States has a distinct two-party model. Conservatives are represented by the Republican Party and progressives by the Democratic Party. These are broad generalizations, but most people would describe themselves as one or the other. Both parties’ voters have wide ranges of intelligence. Yes, believe it or not, there [...]
Folk Economics
I considered titling this post “Folkonomics,” but I decided that the -onomics suffix is quickly becoming overused what with all the Freak-’s and the Superfreak-’s, not to mention Wendy’s new Threeconomics (three small sandwiches for three dollars). I have no time for cutesy neologisms. This is serious.
The term folk economics has been used by Michael [...]
Econ Test