Another one:
Bankruptcy law and limited liability is essentially a form of “worst case” insurance for those who set up and own businesses. As a result, firms who take on this structure should also have to take on an insurance premium.
Via CPW we have this gem of a discussion point. Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.
Would economics, and economists, enjoy a better reputation and be more influential if they jettisoned most of macro-economics as being pseudoscience (as measured by its predictive power)
This one is from the magical world of Twitter:
Sometimes our biases are smarter than we are.
— David Gurri (@dtgurri) January 13, 2014
Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.
Continuing on with value judgements:
Social groups can evolve to changing social structure surprisingly rapidly. As a result, basing policy on inherent “social values” (such as for housing) is at best an exaggeration, and at worst nonsensical.
Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.
Note: The early timing on our discussion Tuesday is to make space for three Piketty Capital related posts this week – the first of which is a book review tomorrow.
Let’s think a little bit about value judgements shall we:
Every element, every linguistic and ontological device, is packed with implicit ethical assumptions. As a result, it is impossible to frame trade-offs in any way that doesn’t involve unjustified moral assumptions.
Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.
Mixing up some religion and history into our economics
Jesus was an early applied economist
Once again, remember that these are points for discussion – I am not saying I agree or disagree with them.