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Dave
Living the good life near Zion National Park.
Recent Activity
Liberal is a loaded word where I teach. That’s at Southern Utah University. Utah is, of course, the most (or second-most) staunchly Republican state in the country. And “liberal” is an epithet applied widely by Republicans to positions they don’t like. The thing is, my school was designated as the... Continue reading
Posted 12 hours ago at Tufte's Curated Economics Videos
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Better analysis than I can provide is available at Eclectecon. It shows two things in “Marginal Cost of Oil Production”. The first is a chart of what prices are needed to justify the addition of new sources to global supply:... Continue reading
Posted 2 days ago at voluntaryXchange
You know on old books, the paisley sort of patterns on the end papers? It’s called marbled paper, and at least in this 50 year old video, every sheet was bespoke. Who knew? Anyway, the first half of the video... Continue reading
Posted 2 days ago at voluntaryXchange
Fermi proposed his paradox: if the universe is so big that life must be common, where is everyone? Robin Hanson answers that directly: there’s something filtering out civilizations across the universe. There’s a pretty chilling two-way conclusion to all this:... Continue reading
Posted 3 days ago at voluntaryXchange
The Economist have been on top of this for about a month. ... But the central bank exaggerates the reserves at its disposal. About $170 billion of its assets sit in two giant wealth funds, the Reserve Fund and the... Continue reading
Posted 4 days ago at voluntaryXchange
This came through on The Guardian's live blog of the ongoing Russian currency crisis about 7 hours ago: Timothy Ash, an analyst at Standard Bank, is astonished by the news that the Russian finance ministry will deploy around $7bn of... Continue reading
Posted 4 days ago at voluntaryXchange
It doesn’t come up much, but π does come up occasionally in more advanced economics. In my experience, this has been in working with difference equations, and with spectral/frequency analysis … both applications of time series. It turns out in... Continue reading
Posted Dec 13, 2014 at voluntaryXchange
It doesn’t come up much, but π does come up occasionally in more advanced economics. In my experience, this has been in working with difference equations, and with spectral/frequency analysis … both applications of time series. It turns out in... Continue reading
Posted Dec 13, 2014 at voluntaryXchange
It doesn’t come up much, but π does come up occasionally in more advanced economics. In my experience, this has been in working with difference equations, and with spectral/frequency analysis … both applications of time series. It turns out in math (and the economics that uses that math) that π... Continue reading
Posted Dec 13, 2014 at Tufte's Curated Economics Podcasts
One Seinfeld story arc that has macroeconomic implications that is not on the Economics of Seinfeld site involves George collecting unemployment.* The way that unemployment works is that to collect, you have to demonstrate that 1) you aren’t employed, and... Continue reading
Posted Dec 13, 2014 at voluntaryXchange
One Seinfeld story arc that has macroeconomic implications that is not on the Economics of Seinfeld site involves George collecting unemployment.* The way that unemployment works is that to collect, you have to demonstrate that 1) you aren’t employed, and 2) that you’d like to be employed. Demonstrating the first... Continue reading
Posted Dec 12, 2014 at Tufte's Curated Economics Videos
Here’s Thomas Sowell from his book Basic Economics: The fundamental principles of economics are not hard to understand, but they are easy to forget, especially amid the heady rhetoric of politics and the media. [emphasis added] I sometimes think that... Continue reading
Posted Dec 12, 2014 at voluntaryXchange
Technically this is a video, but there’s not much action to watch, so I’ve cross-posted it here from Tufte’s Curated Economics Videos. An 11 minute interview (in English), from Universidad Francisco Marroquin in Guatemala City, with Dan Klein ( an economics professor from George Mason University). The title is “Ideas... Continue reading
Posted Dec 8, 2014 at Tufte's Curated Economics Podcasts
An 11 minute interview (in English), from Universidad Francisco Marroquin in Guatemala City, with Dan Klein ( an economics professor from George Mason University). The title is “Ideas of Adam Smith In the Twenty-First Century”. Technorati Tags: adam,smith,dan,klein Continue reading
Posted Dec 8, 2014 at Tufte's Curated Economics Videos
Seinfeld reruns are on constantly. It turns out that there are already curated video clips at The Economics of Seinfeld from many episodes linked to basic economic ideas. If you know the name of the episode you’re watching you can go straight to the link above. Here’s a chronological list... Continue reading
Posted Dec 8, 2014 at Tufte's Curated Economics Videos
Outside of economics, people present problems with illegal drugs as either a moral or legal issue. This is nonsense. Prohibition of anything that people like is an economic issue, best understood as a way to increase the cost paid by suppliers and the price paid by demanders. If you’re not... Continue reading
Posted Dec 8, 2014 at Tufte's Curated Economics Videos
The central fact of macroeconomics is that, without the planning of anyone, human society was able to string together more than three centuries of improved living standards. This has happened … once. And all of our lives depend crucially on... Continue reading
Posted Dec 7, 2014 at voluntaryXchange
Utahns don’t like to hear that their state isn’t always pro-markets. But right-thinking on social issues doesn’t always translate into right-thinking on economic ones. Case in point: the American Enterprise Institute has publicly panned Utah’s treatment of online insurers. This... Continue reading
Posted Dec 5, 2014 at voluntaryXchange
From Cold Spring Shops: Here's a pop quiz the Berkeley Energy Institute gave to readers. Which of the following two choices leads to more fuel savings: (A) buying a 15 mpg Cadillac Escalade instead of a 12 mpg Chevrolet Suburban,... Continue reading
Posted Dec 3, 2014 at voluntaryXchange
Some tidbits from George Will’s Thanksgiving 2014 column: The federal government, which has Tomahawk cruise missiles and Apache and Lakota helicopters, used the code name "Geronimo" in the attack that killed Osama bin Laden but objected to the name of... Continue reading
Posted Nov 30, 2014 at voluntaryXchange
Fair Warning: the group that put this video together is stridently against the tactics of feminists, although I’ll point out that being anti-feminist is not the same thing as being anti-woman or misogynist. In any event, the video may offend some. Also, as an editorial point, it’s on the long... Continue reading
Posted Nov 30, 2014 at Tufte's Curated Economics Videos
Should people wait for goods, or should goods wait for people? Consider: I think this is a really fundamental way to improve thinking about the economy. In what situations do you personally think it’s OK to wait for a good... Continue reading
Posted Nov 29, 2014 at voluntaryXchange
Humans suck at evaluating risk: we do stuff like drink bottled water because we think tap water is risky (only minutely so), and then we go and ride motorcycles without helmets (duh). Here’s a 30 minute podcast from Relatively Prime about how we might measure risk. Risk is a word... Continue reading
Posted Nov 28, 2014 at Tufte's Curated Economics Podcasts
Russ Roberts has a new book out called How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness. Here he is in a 16 minute Cato Institute video interview, mostly about Smith’s The Theory of Moral Sentiments . This is cross-posted from Tufte’s Curated Economics... Continue reading
Posted Nov 28, 2014 at Tufte's Curated Economics Podcasts
Russ Roberts has a new book out called How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness. Here he is in a 16 minute Cato Institute video interview, mostly about Smith’s The Theory of Moral Sentiments . Technorati Tags: russ,roberts,adam,smith,theory,moral,sentiments,change,your,life Continue reading
Posted Nov 28, 2014 at Tufte's Curated Economics Videos