Category Archives: Economics

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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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

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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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Why do Jews have more wealth than Christians?

* 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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