There is a point to keep in mind following the state of the union address in the USA. We may believe that more redistribution is required to meet/maintain our social contract. That is fine. We may believe that more redistribution is “morally right”. That is fine. But lifting taxes in of itself isn’t redistribution. The …
Category Archive: Political economy
Permanent link to this article: http://www.tvhe.co.nz/2012/01/25/a-note-on-redistribution/
Jan
19
2012
Rising inequality as a result of falling scarcity?
Via Marginal Revolution, there are a number of interesting slides discussing changes in skills, demand for skills, and wage inequality. Further investigation brings to light a very awesome paper that discusses a standard model that shows wage inequality with different skills, how to estimate it, and where some shortcomings are. In conjunction with our knowledge …
Permanent link to this article: http://www.tvhe.co.nz/2012/01/19/rising-inequality-as-a-result-of-falling-scarcity/
Jan
18
2012
New blog: Test pattern
There is a relatively new blog around called the Test Pattern, that gets a few individuals together to debate specific public policy issues in written essays. The current debate on the blog is around performance pay for teachers, one such discussion around its merit (or lack of) is given by Robbie Allan here. What do …
Permanent link to this article: http://www.tvhe.co.nz/2012/01/18/new-blog-test-pattern/
Jan
17
2012
The sustainability of meat
There is an excellent post over at Offsetting Behaviour discussing the reasons why people go vegetarian, and discussing the separation of moral and allocative issues that lead to this choice. The way I see it, there are three main reasons why a person may go vegetarian – these can be mixed and matched of course, …
Permanent link to this article: http://www.tvhe.co.nz/2012/01/17/the-sustainability-of-meat/
Dec
07
2011
Neuroeconomics is exciting, and scary
Great article from Shiller on neuroeconomics. The more justification, and more positive side, of neuroeconomics is mentioned here: Under Samuelson’s guidance, generations of economists have based their research not on any physical structure underlying thought and behavior, but only on the assumption of rationality. As a result, Glimcher is skeptical of prevailing economic theory, and …
Permanent link to this article: http://www.tvhe.co.nz/2011/12/07/neuroeconomics-is-exciting-and-scary/
Nov
23
2011
Too little economics caused the crisis/inequality
There seems to be a suggestion that economic principles, and the worlds focus on them, is one main reasons why inequality has risen in a way that many are uncomfortable with. Furthermore, it is common to hear that the economic principles taught to bankers were at fault for their being a financial crisis. To me, …
Permanent link to this article: http://www.tvhe.co.nz/2011/11/23/too-little-economics-caused-the-crisisinequality/
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