Knzn has posted on the truth and worth of economics in one of the best posts I’ve seen – partially because it corresponds to my views. Partially too, because of the plain speaking involved. It is well worth the read. An excerpt: Here’s my take: to begin with, economics is basically bulls**t. I mean, it’s […]
NY Times columnist Paul Krugman has just spanked UWS economist Steve Keen – though not justifiably. Seems Prof K went off half-cocked and didn’t even read the entire post from our UWS controversialist. Krugman’s post follows from this and this. It all started from Keen posting this. They’ve been having a toe-to-toe over assumptions and […]
Bit slow off the mark here, but worth looking at this paper in the Journal of Coastal Research on sea levels from Watson at the NSW Dept of Environment, Climate Change and Water. Based on tide gauge records. From the Abstract: The analysis reveals a consistent trend of weak deceleration at each of these gauge […]
The OECD Directorate for Education reports on educational achievement on a gender basis. Interestingly, the text includes a strange idea of an achievement gap (my emphasis): There’s no denying it: when it comes to education and employment, women are on a roll, all over the world. As described in the latest issue of the OECD’s […]
Niki Savva in The Australian reports on a falling out between industry associations over a joint approach to the carbon tax. AIG, BCA, Minerals Council, ACCI and others couldn’t reach agreement in a telephone hookup. Someone subsequently leaked that Heather Ridout of AIG was the heart of resistance to action. Well, knock me down and […]
Stephen King at Core Economics has a corrective for the dinner-party talk on market power and competition: Competition laws necessarily place restrictions on large firms that have market power. These restrictions are not faced by smaller, less successful businesses. But judging any abuse of market power must be handled very, very carefully. An abuse of […]
Tyler Cowen identifies 3 key drivers for US exports, and this counter-Luddite view of technology’s effect on wages: The more the world relies on smart machines, the more domestic wage rates become irrelevant for export prowess. That will help the wealthier countries, most of all America. This logic works on both sides. America is using […]
After writing about the wanker-class I am reminded of a conversation I had with a middle-aged environmental activist at a fundraising function – yes, for an environmental cause. At one point, concerned about how dismissive she was about the views of ordinary people, I commented: “Your position does depend on the fact that you are […]
Australians have rediscovered their traditional BS detector. One thing we haven’t heard, presumably because most media commentators, political operatives and politicians fall into the category, is that the Queensland vote could be seen as the great re-assertion of the fundamental Australian value: to never take a wanker seriously. Analysis based on exit polls at the […]
Structural reform of the ALP misses the point. It's the policy, stupid.
September and November of 2011 saw the West celebrate success in preventing further terrorist attacks following 9/11. However, we have no real victory over terror. Rather, as the case of Molly Norris shows, in art, in comedy and in speech we have forfeited much. We live in a society where artists cannot speak freely for […]
My favourite product of the Scottish Enlightenment, David Hume, makes a regular appearance. A wise man proportions his belief to the evidence. The last two decades have more than borne out Hume’s insight.