…and that’s why there are few sausage sizzles that cater to either of our tastes.

I’ve heard that comment a few times now. While I believe you, with regards to the others I’m not sure how many people are just saying it, and when push comes to shove they won’t do it. Talk is cheap, revealed preferences, and all that.

I wish more of them used decent sausages instead of the cheapie ones. I’d be much happier paying $5 for a good sausage and giving them $2 profit than paying $1 for a crap sausage and giving them $0.20 profit. But not enough people have my idiosyncratic preferences, alas.

I have had a lot of people complain to me about that one … I just wish more sausage sizzles had vegetarian sausages, and that the ones that did didn’t cook them right on top of the meat ones.

The disutility is an opportunity cost – it is just the forgone utility of future life. So the older you get, the more time you should spend defending things right …

It is a risk for all people who learn the logical framework of economics and then think about issues – this includes myself.

Many economists went into the discipline wanting to “save the world” or at least improve it – the desire to “find solutions” is something we all have, and that we all need to be careful with. I didn’t want to fuzzy this message by unfairly targeting individuals.

I’d also note that Gareth and Geoff (the other author on the health stuff) have both, repeatedly, said that one of the most important things is information. It would be hardly fair for me to turn around, ignore this, and then pick at things I may disagree with them on 🙂

Kim il Soccer McNoCats [all credit to BK Drinkwater]

On a serious note, where can I purchase the TVHE t-shirt that says,

“Analysts that go too far in telling other people how to act have moved past acting in the public interest, and are starting to act more in terms of ego or an inflated sense of confidence about their own understanding.” ~ Matt Nolan not talking about Gareth Morgan