Category Archives: Economics

Economics Is Racist

Posted on June 11, 2020 by Luke Ford

From the New York Times: Economics has a history of discrimination and, in some cases, outright racism. George Stigler, a Nobel laureate and an early leader of the American Economic Association, criticized the civil rights movement in 1962 and wrote … Continue reading →

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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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