Nowhere is the divide between members of the scientific community and general public more apparent than in an individual’s interpretation of the difference between climate and weather – the lack of distinction between compiled data and anecdotal evidence has been known to anger many a scientist, and dramatic calls of apocalyptic consequence breed despair and snorts of derision amongst the general public. 963 more words
Tags » Economics
I read an article on Forbes recently that captured something I had been trying to discuss (albeit poorly) with my wife a few weeks ago. Our discussion about the ‘government assistance’ much of middle and upper class America receives without thinking of it as such was started by a tweet from a local conservative talk show host that read: “”Refugees” are getting these benefits while homeless veterans are sleeping in the streets!” and linked to an article under the title: “”Refugees” Will Cost U. 1,312 more words
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This blog was originally published on 10 September 2015. Because of the length, it was originally done as a two-part blog – I have combined them here with minor edits.
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Modelling by the construction of analogue economies is a widespread technique in economic theory nowadays … As Lucas urges, the important point about analogue economies is that everything is known about them … and within them the propositions we are interested in ‘can be formulated rigorously and shown to be valid’ … For these constructed economies, our views about what will happen are ‘statements of verifiable fact.’
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If one has a government-guaranteed taxpayer-funded health care, that requires someone else (a taxpayer) to surrender a portion of their own wealth, their own property, to pay for it.
Open world trade has received a very bad press lately—particularly from the government. You may be confused about what your opinion is on the issue, after all, economics teaches us that trade is a non-zero sum game: a game in which everyone can be a winner at the same time. 854 more words