Alex Tabarrok on equal pay for equal work
Suppose that apples sell for more than oranges and Parliament in its wisdom decides that, at last, apples and oranges must be compared. Not by… Read More »Alex Tabarrok on equal pay for equal work
economics
Steve Levitt on teaching, learning and having fun
So, there aren’t really any incentives to teach well [as an economics professor]. No one really cares how you teach. But what I quickly learned… Read More »Steve Levitt on teaching, learning and having fun
Ricardo Hausman on know-how and economic development
Economic development depends on the accumulation of know-how. The theory of economic growth has long emphasised the importance of something called technical progress, but what… Read More »Ricardo Hausman on know-how and economic development
Hannah Arendt on labour and consumption, automation and Utopia
… the developments of the last decade, and especially the possibilities opened up through the further development of automation, give us reason to wonder whether… Read More »Hannah Arendt on labour and consumption, automation and Utopia
Hannah Arendt on Marx’s equivocal view of labour
Marx’s attitude toward labor, and that is toward the very center of his thought, has never ceased to be equivocal. While it was an “eternal… Read More »Hannah Arendt on Marx’s equivocal view of labour
Splendour and Horror: Agnes Callard on shopping, Zola, and the birth of consumerism
I hope this snippet makes you go and read the whole thing. In his Theory of the Leisure Class … Thorstein Veblen explains that “conspicuous… Read More »Splendour and Horror: Agnes Callard on shopping, Zola, and the birth of consumerism
Recommendation: 3Blue1Brown explains Bayes’ Theorem via geometry
Excellent. Assumes no prior knowledge.
Andy Warhol on coke, hotdogs and American equality
America started the tradition where the richest consumers buy essentially the same things as the poorest. You can be watching TV and see Coca Cola,… Read More »Andy Warhol on coke, hotdogs and American equality
Top hats, stotting, and defunding the police: Rob Henderson on Luxury Beliefs
Luxury beliefs are ideas and opinions that confer status on the upper class, while often inflicting costs on the lower classes. In 1899, the economist… Read More »Top hats, stotting, and defunding the police: Rob Henderson on Luxury Beliefs
Catch-up Logic: Sam Bowman on Britain as a Developing Economy
See also: Not long ago; or, Little by little (8): Singapore market, early 1970sNot long ago; or, Little by little (1): Raymond Briggs on 1940s… Read More »Catch-up Logic: Sam Bowman on Britain as a Developing Economy