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Category Archives: Economics
Get Another Job
Nicholas Nassim Taleb writes in his book Antifragile: Things That Gain from Disorder: As we saw with the Voltaire story, it is not possible to stamp out criticism; if it harms you, get out. It is easier to change jobs … Continue reading
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Economics Is Racist
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
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
Free Trade Doesn’t Work: What Should Replace It and Why by Ian Fletcher
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?
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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