Sunday, September 29, 2013

Modeling Complex Systems


The problems for the climate models in using carbon emissions to predicting global warming.

Source for Article 1: Richard Rahn, Model Meltdown, The Washington Times, September 24, 2013
Source for Articel 2: Ronald Baily, "Can We Trust the U.N.'s IPCC Climate Models?" Reason Magazine, October 4, 2013


Friday, September 27, 2013

Sowell and the Pilgrims on Equal Shares



Equality of results, the demand that shares be equalized for those who have contributed to production, those who have abstained from production, and those who have hampered production, in addition to undermining the economic system’s ability to produce, is morally offensive.  (my paraphrase from Thomas Sowell, The Conflict of Visions, p. 92).  Look at the experience of our pilgrim progenitors (those who knew Sqanto and celebrated the first Thanksgiving) who tried, indeed believed their salvation required, an equal shares system:
“The experience that was had in this common course and condition, . . . that the taking away of property and bringing in community into a commonwealth would make them happy and flourishing; as if they were wiser than God. For this community . . . was found to breed much confusion and discontent and retard much employment that would have been to their benefit and comfort. For the young men, that were most able and fit for labor and service, did repine that they should spend their time and strength to work for other men's wives and children without any recompense. The strong, or man of parts, had no more in division of victuals and clothes than he that was weak and not able to do a quarter the other could; this was thought injustice. . .  And for men's wives to be commanded to do service for other men, as dressing their meat, washing their clothes, etc., they deemed it a kind of slavery, neither could many husbands well brook it."
 ". . . At length, after much debate of things, the Governor . . . gave way that they should set corn every man for his own particular, and in that regard trust to themselves; . . . And so assigned to every family a parcel of land, according to the proportion of their number, . . . This had very good success, for it made all hands very industrious, so as much more corn was planted than otherwise would have been by any means the Governor or any other could use.”

The passages are from William Bradford, History of Plymouth Plantation, (http://mith.umd.edu//eada/html/display.php?docs=bradford_history.xml), paragraphs #217 then #216.

Wednesday, September 25, 2013

Boudreaux Quote's Henry Sumner Maine

From Don Boudreaux at Cafe Hayek on September 25, 2013

Quotation of the Day is from page 69 of the 1976 Liberty Fund edition of Sir Henry Sumner Maine’s 1885 tract, Popular Government:

It is perfectly possible … to revive even in our day the fiscal tyranny which once left even European populations in doubt whether it was worth while preserving life by thrift and toil.  You have only to tempt a portion of the population into temporary idleness by promising them a share in a fictitious hoard lying (as Mill puts it) in an imaginary strong-box which is supposed to contain all human wealth.  You have only to take the heart out of those who would willingly labour and save, by taxing them ad misericordiam for the most laudable philanthropic objects.  For it makes not the smallest difference to the motives of the thrifty and industrious part of mankind whether their fiscal oppressor be an Eastern despot, or a feudal baron, or a democratic legislature, and whether they are taxed for the benefit of a Corporation called Society, or for the advantage of an individual styled King or Lord.

Carl Hart and Drug Addict Rationality


Source: John Tierney, "The Rational Choices of Crack Addicts," The New York Times, September 16, 2013

Tuesday, September 24, 2013

Bias in the IPCC Report Process


Source: Donna Laframboise,"Warming Up for Another Climate-Change Report Warming Up for Another Climate-Change Report," The Wall Street Journal. September 24, 2013




  • Monday, September 23, 2013

    Bart Wilson on Fairness

    Article Link

    Source: Bart Wilson, "Fair's Fair" The Atlantic, January 25, 2009

    McArdle Uses Johnathan Haidt

    Article Link

    from the article:
    Jonathan Haidt’s original research led him to divide our moral intuitions into five groups, one of which was “fairness.” But when he wrote that liberals cared more about fairness than conservatives, he received an outpouring of vitriol from conservatives. They cared a lot about fairness, they protested -- and they thought it was very unfair for people to be able to live without working. Haidt realized he was dealing with two very different conceptions of fairness: one of which had to do with equality, and the other of which had to do with reciprocity. “Fair” is a complicated word that appears unique to English (for more on its dizzying strangeness, I suggest you read economist Bart Wilson’s piece, edited by me, from several years back). Different groups have invested it with very different meanings, which can make it hard to see how your political opponents can possibly believe what they do.

    Source: Megan McArdle, "How Republicans Can Justify Cutting Food Stamps," bloomburg.com, September 23, 2013

    Saturday, September 21, 2013

    Jobs Market


    Steve Moore, "Weekend Interview: Bob Funk -- Where the Jobs Are and How to Get One," The Wall Street Journal, Septembert 20, 2013



    Theories of Inflation


    David Andolfatto, "FED Balance Sheet Risks," Macro Mania, March 6, 2013



    Wednesday, September 18, 2013

    Citizens vs Cartels in Mexico

    Article Link

    Gun restrictions would be positively harmful in Michoacan, Mexico.

    Source: Stephanie McCrumman, "In Mexico, Self-defense Groups Battle a Cartel," The Washington Post, September 9, 2013.

    Tuesday, September 17, 2013

    Perry on the Luckiest Generation --Today's Youth

    Article Link


    from the article:



    capitalism

    Source: Mark Perry, "Today's Young Americans: Luckiest Generation In History," carpediem.com/aei, September 17, 2013

    Friday, September 13, 2013

    Why Intellectuals Hate Capitalism

    Article Link

    Martin Durkin, "The Real Global Warming Consesus (or 'Why Intellectuals Hate Capitalism')," martindurkin.com

    Sunday, September 8, 2013

    Libertarian Bibliography

    Article Link

    Source: Tom G. Palmer, The Literature of Liberty, libertarianism.org, February 4, 1998
     

    Free Speech and the FEC

    Article Source

    How one Ohio man's blog on politics got him in trouble with campaign-finance law.

    Source:Bradley Smith, "The Supreme Court and Ed Corsi's Life of Political Crime," The Wall Street Journal, September 6, 2013, p. A13.

    Innovation: Blood Work

     Article Link

    Source: Joseph Rago, "Elizabeth Holmes: The Breakthrough of Instant Diagnosis," The Wall Street Journal, September 8, 2013, p. A13



    Thursday, September 5, 2013

    Coase Chased Out of U of Virginia

    Article Link
     


    Source: Nick Gillespie, “Economist Ronald Coase Was Chased Out of UVA in 1964 for Supporting Market Solutions,” Hit and Run Blog at reason.com, |Sepember. 4, 2013

    Tuesday, September 3, 2013

    Perry on the Phantom Wage Gap

    Article Link

    Source: Mark J. Perry “‘Ceteris Paribus’: Once You Start Controlling For Important Factors, The 17.8% Gender Wage Gap Starts To Disappear,” aei-ideas.com/carpediem, September 3, 2013.
     

    Rent Seeking Unions

    Article Link

    Source: Allysia Finley, California's Union-Sponsored War on Farmers, The Wall Street Journal, September 3, 2013, p. A15