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Franceswoolley
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Nick, this illustrates a point you've made before: institutions matter. A very confused person might think that the statement "a market economy is self-equilibrating" implied "there is no need for government intervention in the economy." But government exists; its very existence is part of the structure of the economy. A government cannot do anything but intervene, because it has to create some kind of rules and institutions (that's what governments do).
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Greg Ransom: I don't know if you read down to 1* where I said "Still, the discipline is not characterized by the kind of formulate-hypothesis-then-test-it scientific method taught in introductory econometrics textbooks, and never will be." The point I'm making here is that there's been big shift in the way that economics is done towards more empirical work - one can believe that's a good thing without subscribing to a strict positivist view of economic methodology. Peter Dorman - those are good points. I think, though, the methodological core of rational utility maximization is not quite so tightly held these days - it's to some extent been replaced by a new methodological core of establishing causal relationships.
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david - thanks for that comment. Sandwichman - what david said. Things change. They're far from perfect - see points 1* through to 5*. But the discipline is different and, in some ways, better, than it was 20 or 30 years ago.
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Seamus - good to see you here. Yes, a flat tax with a refundable credit for those with zero income would do it - so basically a flat tax is the limit of progressivity one can have and still satisfy the no marriage tax/same taxes for single and dual earner couples criteria.
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Evan, I have absolutely no idea. I'll pass that on to Stephen Gordon.
Toggle Commented Jun 13, 2013 on The lunch problem at Worthwhile Canadian Initiative
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Craig, thanks for the kind words, and also thanks for pointing out the heteronormativity of the post. I have a straight male economist friend who does a lot of research with a gay male economist. Both gentlemen are happily married, but not to each other. They, too, have to deal with somewhat slightly complicated dynamics when they go out to dinner together - they're more likely to raise eyebrows and attract attention when they go out together in the gay economists town and run into one of his friends.
Toggle Commented Jun 13, 2013 on The lunch problem at Worthwhile Canadian Initiative
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Jun 13, 2013