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Blog Archive

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Property rights in other people – jealousy - Tuesday, September 20th 2005 2:00 PM
Strictly speaking we don’t like to think about our relationships as property rights in other people.  Moreover, thinking in this way will lead to some very real lessons...
Micro- L3: - Tuesday, September 13th 2005 9:48 PM
If you were driving along Braddock Road recently you would have seen many signs with people’s names on them.  An insight into this phenomena would be that elections are...
Feeling Uninspired... -Ken B - Tuesday, September 13th 2005 8:51 PM
I feel miserable right now... I am seriously on the verge of minimalism...  do I care if my seriously reduced consumption speding adversely affects the economy? ...
Macro – Real Business Cycle Theory – - Monday, September 12th 2005 10:24 PM
Several Pieces of “Evidence” (This theory became more creditable when all alternatives were exhausted).  No one came to the RBC theory because of real evidence, or...
Research question: Why do recessions happen? - Friday, September 9th 2005 10:41 PM
  The traditional explanation is that there are lags in the market for wages, for equilibrium aggregate supply and demand (if aggregate demand can even be fully...
Lecture two – Micro - Wednesday, September 7th 2005 9:47 AM
Economic activities Recall: Consumption is destruction of utility.  How does this work in the public good context?  Consider a piece of artwork.  If I look at...
Assumptions in Economic theory – Nagel - Tuesday, September 6th 2005 2:37 PM
It is my prediction that the title of this piece is going to offer the most clear insight into what it is about.  This piece does not exist without the critique it makes on...
The Methodology of Positive Economics – Milton Friedman - Monday, September 5th 2005 8:30 PM
The thrust of this essay is to develop a manner of referring to economics as a positive science.  This simply means that economics will focus on rules which determine...
Cs get degrees - Thursday, September 1st 2005 5:48 AM
Bush received a business degree from Harvard, are you telling me that there are no econ courses in that degree?  Yet he still will make statements like this:...
First Micro Class - Tuesday, August 30th 2005 11:17 PM
First any good economics class lays the groundwork with definitions.  There will be several definitions offered in this representation of the lecture notes.  ...
The threat of war - Sunday, August 21st 2005 8:44 AM
War is a dirty nasty thing, but in my zero experience opinion, it cannot be the worst thing out there.  Many of my peers in the blogging world have made the claim that we...
Law and Economics - Sunday, July 24th 2005 3:14 PM
Is this association a natural one?  We tell students that are pre-law that a degree in economics will advance them well on the way to success in law school.  One of...
Federalist 8 – Publius (Hamilton) - Saturday, July 9th 2005 12:48 PM
Federalist VIII is an extremely relevant and important read.  Hamilton details one of the most persuasive arguments for maintaining union among the former British colonies...
"Bracing for the big one" - Sunday, July 3rd 2005 10:58 AM
“Bracing for the Big One”   This article is the lesser of two very nearly Yellow journalist articles in the St. Louis Post-Dispatch today.  Yellow journalism was...
supply-side - Monday, June 20th 2005 9:31 AM
Alright, I hold a master’s degree in Economics, but I am going to part with a dirty little secret; I don’t feel as if I have mastered the subject completely.  I of...
equality - Michael - Sunday, June 12th 2005 12:21 PM
Equality is an interesting idea.  This is one of those words that gets thrown around so much, on both sides of any issue, that it is worthy of some time spent thinking...
autonomous spheres -Michael - Saturday, June 11th 2005 1:20 PM
Chapter 5 of road to serfdom opens with an interesting implicit question. The distinction between a “classically liberal democracy” (a democracy which holds the individual...
Road to serfdom (revisited) -Michael - Wednesday, June 8th 2005 3:18 PM
My current rereading of “Road to Serfdom” is paying off in ways that I did not anticipate when I picked the book up this morning.  Within the several prefaces to the...
The Socratic Problem in Economics - Michael Thomas - Tuesday, June 7th 2005 1:47 PM
 (inspired by Eric Schliesser’s talk at the Summer Institute; logical and historical errors are mine)   So Dr. Schlisser told us that there is a Socratic problem...
Knowledge - Michael Thomas - Sunday, June 5th 2005 8:03 AM
"A dead thing can go with the stream, but only a living thing can go against it." - G. K. Chesterton in Everlasting Man, 1925   There is much work linking Darwin to...
Analytical Egalitarianism - Michael Thomas - Tuesday, May 31st 2005 5:07 AM
So I have been listening to discussion about the term “Analytical Egalitarianism” (David Levy and Sandra Peart) at the Summer Institute Conference at George Mason...
Dawkins and Probabilities - R. Moore - Wednesday, May 11th 2005 8:58 PM
I have been reading Richard Dawkin's, The Blind Watchmaker, for about a month now.  I am nearly finished, but would like to comment on how the book has changed my thought...
What is the deal with the sweatshop? / Wal-Mart is not bad. - Michael Thomas - Sunday, May 1st 2005 9:09 AM
Going off of these tidbits in the local paper: Sweatshop Wal-Mart   Smith, Ricardo, Malthus, Mill, Marx, Owen Veblen, and many other commentators devoted much of their...
Does advertising serve a useful function? - Michael Thomas - Saturday, April 30th 2005 11:55 AM
What does advertising do for us?  In economic theory it reduces the searching costs for information.  In a perfectly competitive world then all firms would be...
Is economics a subtle form of eugenics? -Michael Thomas - Tuesday, April 26th 2005 9:09 AM
What does economics teach us about the lazy, the uninspired, and the slow?  A critique of market capitalism is that these folks are left to the mercy of the benevolent...