Category Archives: Economics

Optimally Irrational: The Good Reasons We Behave The Way We Do

Lionel Page wrote in this 2022 book: * the brain represents only 2% of an average adult body’s weight, but 20% of its consumed energy. * In a famous study, Schkade and Kahneman (1998) found that while people tend to … Continue reading

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Their Friendship Dissolved Over Monetarism

“Betrayal” is the hyperbolic term we often use when we find out that other people have different priorities from what we expected. The best book I’ve read on this topic is Betrayals: The Unpredictability of Human Relations by Gabriella Turnaturi: … Continue reading

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Behind The Staff Revolt At That Pro-Israel Cafe

I’ve noticed that when I start publicly advocating something, I rarely set off an inevitable chain reaction in furtherance of my stated goals. Instead, I usually force people to react to me, and just as often as not, they’re going … Continue reading

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Hayek: A Life, 1899-1950

From LROB: Hayek was crossing the Atlantic, under radio silence, when the Reader’s Digest article appeared. He had been anticipating a relaxed promotional tour of a handful of American universities, but when he landed in New York he found that … Continue reading

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Biden Favors Lawyers Over Economists

From the Washington Post: The change captures a shift in the party — also spurred by Trump — as Democrats pay more attention to powerful gestures and less to following the intellectuals and policy savants often perceived as out of … Continue reading

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