You can go read the OWS stuff yourself; I want to highlight this: Escaping on the R train from Rector Street, we got home to discover that Steve Jobs died. And that my Twitter feed is full of people wanting to wag their finger in my face for caring too much, in the wrong way. […]
When someone attempts to impede democracy actions are good things: Writer and naturalist Henry David Thoreau was once locked up for refusing to pay a poll tax. He opposed the tax on moral grounds – in a democracy, he argued, a man shouldn’t have to pay to vote…. That night, so the story goes, Thoreau […]
by Mike Kimel Via asymptosis this cartoon….
The lead article in the current AER is available here (gated, apparently, though the link isn’t working; h/t Tom Bozzo [on FB] and Brad DeLong; I was using the paper copy). The most interesting part so far: the authors only considered the documented costs of air pollution—not land, not water—in deriving the (embarrassingly negative) ROI […]
by Mike Kimel It has been a very long time since I looked at the National Review. Apparently it is still there. Jonah Goldberg (apparently also still there) had a post that begins like this: And now let us recall the “Fable of the Shoes.” In his 1973 Libertarian Manifesto, the late Murray Rothbard argued […]
by Mike Kimel There’s a story going around in the news about a new prostate cancer drug. Here’s press release: A life-extending new drug to treat patients with advanced prostate cancer, developed by The Institute of Cancer Research (ICR) and The Royal Marsden Hospital, has received its UK license. Abiraterone acetate, marketed by Janssen under […]
Talk is called “Neat, Plausible, and Wrong: the Deluded Discipline of Economics.” I have to quibble with the “plausible” portion: there is no possible way to rationalize contemporary Microeconomics with any reasonable conceit that the Macroeconomics produced are “first-best” or anything similar.* I doubt I’ll be there at 5:00, but certainly by 6:00. Hope to […]
I have to support a fellow Rutgers-Newark alum. But I doubt my endorsement would be so eloquent as Buce’s discussion of her.
The High-Frequency Traders who have been distorting the U.S. stock market and raising the costs for everyone else have had their pride wounded. After starting with a straightforward definition: High frequency trading — the use of computer-driven, algorithmic-based techniques to execute trades in a matter of microseconds — is drawing scrutiny, but Wall Street argues […]
Of the three Financial Services firms that were downgraded yesterday, the market appears to be sending a positive, er, Wells notice. Google Finance provides the details: