Category Archives: economics

at the pictures, 1951

I’ve just seen An American in Paris, whose supporting cast includes the pianist Oscar Levant, who also said: My psychiatrist once said to me, “Maybe life isn’t for everyone.” Happiness isn’t something you experience; it’s something you remember. I envy … Continue reading

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QotD

The hobo’s speech from Frank Capra’s Meet John Doe (1941): I seen guys like you go under before. Guys that never had a worry. Then they got a hold of some dough and went goofy. The first thing that happens … Continue reading

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the price of life

No comment on the thesis of “The economic logic of executing computer hackers” (Slate; cited by ACB), but this caught my eye: When we say that a human life is worth $10 million, we mean nothing more or less than … Continue reading

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QotD

Will Wilkinson / The Fly Bottle The generally negative-sum struggle for fascist state power is diametrically opposed to the positive-sum logic of cooperation that is the very heart of capitalism, and the justification of democracy.

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QotD

Tyler Cowen: The key thing that markets do is economize on the need for agreement.

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the naked ape

Wisecrack of the day, from E B Rasmusen: Europe is going through a birth rate collapse, a singularly odd and disquieting thing, I should think. . . . Maybe humans are like other organisms that don’t reproduce well in captivity.

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exporting democracy

Jonathan David Morris: Immigration and the Myth of Unwanted Jobs So what are we talking about when we talk about “jobs that Americans aren’t willing to do?” Landscaping. Housekeeping. Things of that sort. Why aren’t Americans willing to do them? … Continue reading

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