This is EclectEcon's Typepad Profile.
Join Typepad and start following EclectEcon's activity
Join Now!
Already a member? Sign In
I have "delusions of adequacy."
Interests: economics, policy, theatre, music, hiking, geocaching
Recent Activity
I've been wearing bright, patterned sox almost exclusively for several years. I guess my doing so means something: Despite our conforming attitudes, a study published in the Journal of Consumer Research[1] investigated the theory that people who are nonconformists can potentially be viewed as being more high status and more competent than those who conform to social norms. So what... Continue reading
Posted 13 hours ago at EclectEcon
Yesterday morning I woke early and looked out the window. Yea!! Lots of new snow on the lawn in front of our building. So I dressed quickly and went outside to do some snow stomp art. I knew the temperatures would rise this coming weekend, and that made me think of surfing. The street lamps were still on, and the... Continue reading
Posted 3 days ago at EclectEcon
The basic premise of economics (and many other social sciences) is that "People Respond to Incentives". Here is another example (via Jack): [W]hile Manitoba offers legal aid to refugees, the provincial government confirmed in an email that Saskatchewan is one of four provinces that does not. ... "If someone is making a refugee claim in Saskatchewan they have to spend... Continue reading
Posted Feb 12, 2017 at EclectEcon
Prices change. Sometimes the price change is caused by a shift in supply, sometimes it is caused by a shift in demand, and sometimes both supply and demand change, leading to uncertain ambiguous results. We try to drill these basics of supply and demand over and over in our introductory economics classes. But these lessons seem to escape many students... Continue reading
Posted Feb 11, 2017 at EclectEcon
Here is more evidence that the best use of investment funds for the long term is low-cost (low management fees) index funds and passive management. The big endowment funds that used active management were out-performed over the past five and ten years by smaller endowment funds that relied more heavily on passive management, index funds, and low MERs [Management Expense... Continue reading
Posted Feb 10, 2017 at EclectEcon
As many of you may recall, my favourite scotch BY FAR is Ledaig, a moderately peated 10-year-old single malt from the Tobermory (Mull) distillery (see this, this, this, and this). Recently I was in the local liquor monopoly (aka the Liquor Control Board of Ontario [LCBO]) and asked if there was any Ledaig available. They went on their computers and... Continue reading
Posted Feb 4, 2017 at EclectEcon
There is an infinite number of exact replicas of me typing on a Macbook right now. There is also an infinite number of exact replicas of me typing on window-based machines right now. There is, generally, an infinite number of exact replicas of me doing an infinite number of different things right now. And that's true for every being in... Continue reading
Posted Feb 3, 2017 at EclectEcon
After using my snowshoes to lay down a texture on my "canvas" this morning, I then went out to add the highlighting features that show the true nature of what I was trying to accomplish with this piece of art. No line in the entire work was intended to be straight. Each one has a bit of a "warp" to... Continue reading
Posted Jan 29, 2017 at EclectEcon
With the fresh snow overnight, I was really excited about getting outside to do some more snow stomp art. I had a large plan in mind, and I eagrely dug out my snowshoes for this one. Unfortunately, the wind had blown away much of the snow, and the intricacies of the pattern don't show much, if at all. If you... Continue reading
Posted Jan 29, 2017 at EclectEcon
We all know the media are biased. We see their biases most clearly whenever they say things or slant things or use loaded terms that are counter to our own personal views. And our perceptions of media bias are influenced by our personal views. There has been a graphic floating around Facebook that, to my mind at least, doesn't recognize... Continue reading
Posted Jan 18, 2017 at EclectEcon
Last summer I met a number of people in the park playing Pokemon Go. After a short time, I started playing it, too, and I must confess to being slightly addicted/obsessed with the game. So here is my latest snow stomp art. This is for all the friends I have made and all the friends I have interacted with because... Continue reading
Posted Jan 8, 2017 at EclectEcon
The wind blew away most of the snow before I had a chance to work with it, but Happy New Year, 2017! (note the fine brickwork on clock tower) Links to most of my previous snow-stomp art (in reverse chronological order): Happy New Year, 2017 (this post) O Tannenbaum Nativity Scene Special Weather Statement Think Tropics Qubix Valentine, 2016 Paisley'd... Continue reading
Posted Dec 30, 2016 at EclectEcon
Another hero in the battles against Nazi anti-semitism. The Washington Post article about her is much more thorough than the Wikipaedia entry. From WaPo, “It was a beautiful spring morning, and it was a street I had known since I had been born, and all of a sudden you see little kids picked up by their pigtails or by a... Continue reading
Posted Dec 21, 2016 at EclectEcon
I had to wait for the snow to stop and the wind to die down a bit. The surface was a crusty, icy cover over a bunch of snow. Links to most of my previous snow-stomp art (in reverse chronological order): O Tannenbaum (this post) Nativity Scene Special Weather Statement Think Tropics Qubix Valentine, 2016 Paisley'd Circles Happy New Year,... Continue reading
Posted Dec 18, 2016 at EclectEcon
.... despite the fact that I post very little about economic policy here anymore. I won't provide the link because I don't think the "honour" is worth all that much, but I like the graphic that was sent to me about it: Continue reading
Posted Dec 17, 2016 at EclectEcon
This should alarm or at least concern you. It should also help explain some of Israel's actions over the past 70 years. From this morning's Daily Alert: Ayatollah Khamenei: Israel Won't Exist in 25 Years The Zionist regime will not exist in 25 years provided that Palestinians and other Muslims continue their struggle against the Zionists, Leader of the Islamic... Continue reading
Posted Dec 15, 2016 at EclectEcon
There's a reason I don't do representational art: As I wrote to some of my friends, It looks as if the snails and turtles came to visit baby Jesus, Mary has her tongue sticking out and is a bit of a dickhead, Joseph has his penis hanging out, and Jesus is a log in a box. Not a bad camel... Continue reading
Posted Dec 12, 2016 at EclectEcon
The Elder of Ziyon has a blog post about a social get-together between Israelis on the West Bank and Palestinians who live near the settlement. The post quotes heavily from the Washington Post about the nature of peaceful exchanges between the people. It sounded nice, hopeful, though guarded in some ways. An excerpt: Everyone was very polite. A Palestinian farmer... Continue reading
Posted Oct 21, 2016 at EclectEcon
Image Like it or not, when people put their money where their mouths are, they predict reasonably well and certainly better than polls, on average. Continue reading
Posted Oct 20, 2016 at EclectEcon
That's the point made by Don Boudreaux here, with his quotation and discussion of McCloskey's book on the bourgeoisie. Lives spent trying to figure out what customers want and how to get the item to them in a nonruinous way and how to improve service and quality at lower cost, one could argue, lead [sic] the bourgeoisie to ethical attitudes... Continue reading
Posted Oct 19, 2016 at EclectEcon
The upcoming series between Trono and Cleveland should be tight, close, and exciting. Cleveland had a better record during the regular season (94-67 for Cleveland vs 89-73 for Toronto). But the overall performance stats look very close. Using the two statistics I like to rely on for quick summaries, OPS [team on-base average plus slugging pecentage] and pitchers' OOPS [Opponents'... Continue reading
Posted Oct 14, 2016 at EclectEcon
This post is actually about studying statistics. It is not about polls or the misuse of data or anything remotely political. No foolin'. My older son, David Ricardo Palmer, is currently taking an online statistics course. When I learned about it, I suggested that maybe I could do some of the work alongside and along with him because I'd like... Continue reading
Posted Oct 14, 2016 at EclectEcon
You know what frosts my cookies? That some Trump-like clown like Ross Perot kept George H. W. Bush from winning re-election, and yet a sensible third-party option like Gary Johnson can't even appear in the debates and public fora because the major parties rewrote the rules after the inroads made by Perot and Nader. No, I won't defend every position... Continue reading
Posted Oct 13, 2016 at EclectEcon
The current US election presents voters with two major candidates, neither of whom is even slightly desirable as a President of the US. And so voters are faced with a difficult choice between two evils. In some respects, this choice might be viewed by some as Morton's Fork, but really the voters are caught between the horns of dilemma. If... Continue reading
Posted Oct 10, 2016 at EclectEcon