Category Archives: Economics

Cognitive Capitalism: The Effect of Cognitive Ability on Wealth, as Mediated Through Scientific Achievement and Economic Freedom

Posted on April 14, 2020 by Luke Ford

From SciHub: Traditionally, differences in wealth between nations are explained by differences in institutional, economic, geographic, and historical-political factors (Landes, 1998). Newer models also include human capital, the stock of individuals’ abilities that allows societies, nations, and cultures to work … Continue reading →

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Free Trade Doesn’t Work: What Should Replace It and Why by Ian Fletcher

Posted on June 7, 2019 by Luke Ford

Here are some highlights from this 2011 book: * Foreign governments treat trade as war and use every trick in the book—legal and illegal under international agreements—to grab their industries a competitive advantage. And even when they don’t cheat, they … Continue reading →

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Is Economics A Science?

Posted on February 14, 2019 by Luke Ford

An academic emails me: “I didn’t read the book, but if Glaeser is describing it accurately then the authors have a very naive understanding of science–i.e., interminable disagreement means an activity isn’t science. Galeser points out that physicists disagree about … Continue reading →

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Why do Jews have more wealth than Christians?

Posted on August 26, 2018 by Luke Ford

* Book: Wealth in America * Higher IQ predicts higher performance. * Linda Gottfredson on IQ and achievement. Audacious Epigone: “A paper by Helmuth Nyborg tracking white adolescents by religious denominational membership, IQ, and income by way of the NLSY, … Continue reading →

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Economists and Merkel’s migrants

Posted on August 10, 2018 by Luke Ford

Greg Cochran writes: Someone polled a number of prominent economists whether the influx of refugees into Germany beginning in 2015 will generate net economic benefits for German citizens over the succeeding decade. About half said yes, a little less than … Continue reading →

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