Blast!
Didn’t get tickets … grrr. Oh well. But I wish there were some way that those of us who live in the neighborhood could have gotten first dibs.
Senator Daschle And Ethanol
This Blogcritics post from Monday raises some very important points about the political dynamics behind the ethanol mandate that is included in both the House and Senate versions of the energy bill. The ethanol mandate makes little environmental or economic sense, unless of course you are a corn farmer. I’ll have more to say on …
Cubs Tickets
Am waiting in the virtual waiting room for playoff tickets …
Neuroeconomics, An Article And A Blog
Neuroeconomics is a growing field, and is starting to get some attention outside of academia. See, for example, this Financial Times article from Tuesday on neuroeconomics research. They start by discussing trust games, and why researchers want to dig more deeply into some of the results that have come from laboratory experiments. Prof [Vernon] Smith …
I Am Enjoying The New Adam Smith Institute Blog
The two most recent posts there are quite entertaining and pithy. First, in commenting on the tedium and general lack of editing in the LOTR films, Alex Singleton observes Yet the Lord of the Rings films have netted lots of money. Bad films, making lots of money. Is this an example of market failure? Well, …
One Reason Why I Love Teaching History Of Economic Thought …
Is reading David Hume. From his essay “Of the Jealousy of Trade,” (1759): Nothing is more usual, among states which have made some advances in commerce, than to look on the progress of their neighbours with a suspicious eye, to consider all trading states as their rivals, and to suppose that it is impossible for …
One Reason Why I Love Teaching History Of Economic Thought … Read More »
Newsweek Article On Experimental Economics
This week Newsweek has an intelligent article on experimental economics and its value in application to real-world problems. It starts with a profile of Vernon Smith and the work he pioneered that won him the Nobel last year, and illustrates the origins of experimental research: Smith did not set out to bring down the establishment. …
Cubs Clinch!
I spent the weekend at a beach house in Michigan with my husband and six close friends, one of whom is a die-hard Cubs fan. She couldn’t even listen to the second game in the same room with the rest of us on Saturday, but instead sat outside and watched the lake. Thankfully we had …
Callum Mccarthy On The London Blackout
On Wednesday Tyler Cowen raised the following points about Callum McCarthy’s Financial Times editorial on the London blackout: OK, the author is Callum McCarthy, chief energy regulator in the UK, and he presumably has a vested interest in defending the status quo. And I don’t understand his convoluted take on overcapacity and price history, as …
Jonathan Rauch: Dos And Do-nots
As with almost everything that Jonathan Rauch writes, including this recent Atlantic Monthly article on genetically modified food, this National Journal article on dos and do-nots instead of haves and have-nots is utterly insicisive and insightful. He does a nice job of summarizing research on poverty that has moved beyond the convictions of the early …