Re: Re: "behavioral economics"

2000-07-27 Thread Eugene Coyle
Not sure it is apropos of this thread but I want to share an Oscar Wilde remark that I heard on the radio yesterday: Roughly: A man cannot be rich and not act like a rich man, anymore than a man can be blind and not act like a blind man. A great insight. I. e., are the behavioralists j

Re: "behavioral economics"

2000-07-27 Thread Timework Web
On old, slow drivers: It's Darwinian survival. The fast drivers died young. Temps Walker Sandwichman and Deconsultant

Re: Re: Re: "behavioral economics"

2000-07-27 Thread Jim Devine
>>1) When a slow driver is old, we *notice* age. Is there any actual >>evidence (other than mere impressions) that older drivers drive more slowly? I wrote: >I haven't done a scientific study. But when I'm behind a slow-driving car, >it often turns out to be driven by one of Elders & Betters.

Re: Re: "behavioral economics"

2000-07-27 Thread Jim Devine
>A couple points (mostly for the fun of it). I'm glad for the parenthetical remark. I'd hate to get into a knock-down, drag-out about the Correct Line about slow-driving elderfolk. >1) When a slow driver is old, we *notice* age. Is there any actual >evidence (other than mere impressions) that

Re: "behavioral economics"

2000-07-27 Thread Carrol Cox
Jim Devine wrote: > . Said I: "they drive more slowly because > they have slow reaction-time and eyesight." Said economist #2: "oh, these > radicals!" (To his credit, it was partly in a self-mocking tone.) To > physical infirmities, I'd add that old folks also are more likely to > respect the l

Re: The Vacuity of the Hoover Institute

2000-07-27 Thread Jim Devine
I tried to read this until I got to the sentence asserting that "Predation, redistribution, and socialism are synonymous terms." This represents a classical Lockean view: property is _our_ (i.e., the capitalists') by the law of Nature and/or God, so that any redistribution (as under modern lib

Russian tax "reforms"

2000-07-27 Thread Ken Hanly
If the rich won't pay taxes, collect more from the poor.    Cheers, Ken Hanly y Brian Whitmore, Globe Correspondent MOSCOW - This onetime capital of the world's workers approved an income tax  yesterday that seems more regressive than anything American conservatives could ever hope to see at ho

DeNew Markets

2000-07-27 Thread Max Sawicky
Perhaps D.A.S. for Economic Policy J. B. DeLong would favor us with his view of the new markets stuff, which just passed in rousing bipartisan fashion, since at least some of it comes out of his shop. mbs

"behavioral economics"

2000-07-27 Thread Jim Devine
Musings du jour: In BUSINESS WEEK ("Putting a Human Face on Economics," July 31, 2000, pp. 76-7), there's an article about Matthew Rabin and other "behavioral economists." (Though they don't mention him, the guy in the office next to mine (James Konow) also does behavecon.) This school points

Re: Re: Re: The Vacuity of the Hoover Institute

2000-07-27 Thread Michael Perelman
Herb was a Stanford engineer. It was his show. Jim Devine wrote: > At 06:20 AM 7/27/00 -0700, you wrote: > > >Just be grateful there isn't an Electrolux Institute. That one would > >really suck! > > is the Hoover Institute named after President Herbert Hoover, after the > inventor of the vacuum

Re: The Vacuity of the Hoover Institute

2000-07-27 Thread Michael Perelman
I did not read the piece, but I noticed that one of the 2 authors was one of the two people behind the flat tax. Michael Keaney wrote: > K > Content-type: text/plain; charset="US-ASCII" > Content-transfer-encoding: 7bit > > Friends > > Before I briefly sign off, I thought you might want to check

Re: Invisible foot

2000-07-27 Thread Jim Devine
At 10:40 AM 7/27/00 -0500, you wrote: >Does anyone remember where and when the reference to the >"invisible foot" or "invisible elbow" (in reference to market failure due >to externalities) appeared? > >Paul Phillips, >Economics, >University of Manitoba E.K. Hunt describes the "Invisible Foot" in

Invisible foot

2000-07-27 Thread phillp2
Does anyone remember where and when the reference to the "invisible foot" or "invisible elbow" (in reference to market failure due to externalities) appeared? Paul Phillips, Economics, University of Manitoba

Re: Re: The Vacuity of the Hoover Institute

2000-07-27 Thread Jim Devine
At 06:20 AM 7/27/00 -0700, you wrote: >Just be grateful there isn't an Electrolux Institute. That one would >really suck! is the Hoover Institute named after President Herbert Hoover, after the inventor of the vacuum cleaner (or at least one brand of such), or after J. Edgar Hoover (a.k.a., th

Re: The Vacuity of the Hoover Institute

2000-07-27 Thread Timework Web
Just be grateful there isn't an Electrolux Institute. That one would really suck! Temps Walker Sandwichman and Deconsultant

The Vacuity of the Hoover Institute

2000-07-27 Thread Michael Keaney
K Content-type: text/plain; charset="US-ASCII" Content-transfer-encoding: 7bit Friends Before I briefly sign off, I thought you might want to check out the latest piece of sophistry from the IMF/Sachs apologists as regards current events in Russia. You can find it at http://www.russiaeconomy.or