Category Archives: Economics

John Kenneth Galbraith’s Wealth and Poverty (1963)

“The modern conservative… not even especially modern… is engaged… in one of man’s oldest, best financed, most applauded, and, on the whole, least successful exercises in moral philosophy. That is the search for a superior moral justification for selfishness….Social Security … Continue reading

Posted in Economics, Philosophy, Politics | Tagged , , | Leave a comment

Educational discrimination at Harvard University

University officials did concede that its 2013 internal review found that if Harvard considered only1 [my emphasis] academic achievement, the Asian-American share of the class would rise to 43 percent from the actual 19 percent. What they value more than … Continue reading

Posted in Economics, education | Tagged , , , | Leave a comment

Why you are dissatisfied with your wonderful life

Necessities become things that are beneath our notice. Conveniences become necessities. Luxuries become conveniences. And then we invent new luxuries…. http://www.bradford-delong.com/2018/06/current-links-1-1-1-1.html Chris

Posted in Economics | Tagged , , | Leave a comment

International Trade: Neither Trump or Johnson understand this

Posted in Economics, Politics, statistics | Tagged , , , , , | Leave a comment

The case for the legalisation of drugs: the marketplace has spoken

In the recent Global Survey on Drugs, cocaine users around the world reported, that their most recent cocaine order was delivered in less time, on average, than their most recent pizza order. https://marginalrevolution.com/marginalrevolution/2018/05/facts-drugs-including-fentanyl.html#comments Chris

Posted in Economics, Health, Politics | Tagged , , , | Leave a comment

Football Review: England vs Tunisia 18th June 2018

The bookmaker Paddy Power is offering odds of 250-1 on England winning the World Cup: 250-1 for new customers.1 The form-book is the FIFA world rankings: England at 12th with Tunisia lagging at 21st. Sure enough the form came through … Continue reading

Posted in Economics, Review, Sport | Tagged , , , , | Leave a comment

Why the poor have bad diets

When we walked through the door at midnight at the end of a shift, we kicked off our boots and collapsed onto our beds with a bag of McDonalds and a can of beer. We did not – and nor … Continue reading

Posted in Economics, Health | Tagged , , , , | Leave a comment