- COMPETING AT BAKING. (1)
- Nick: What’s fascinating, though, is that there isn’t any cash prize for the winner. It’s purely...
- POETRY AND BASEBALL. (2)
- Nick: Correction! It’s @mornacale on Twitter. Slight typo.
- THE OLDEST FANTASY BASEBALL LEAGUE BEGINS ITS NEW SEASON. (1)
- Nick: I believe the live draft has value above and beyond nostalgia and the social benefit of seeing people in...
- THE ETIQUETTE OF EATING PEAS (COMMENT). (1)
- Nick: As is so often the case, the Simpsons have indirectly weighed in on this issue, as Homer clumsily and...
- EATING PEAS WITH A KNIFE. (1)
- milton: What was the origin of eating peas with a knife ? Comic strip ? I remember it from the late 40s.. m “I...
- A MOSQUITO AND DNA. (1)
- Nick: Not to take away from how cool that is, but I’d have to think a defense attorney would have a field day...
- HUNTERS IN THE SNOW (WINTER)—THE PAINTING. (1)
- Nick: I haven’t looked at this painting in years, but upon looking at it again I was reminded of what...
- ECONOMICS IS “A COLLECTION OF FUNNY STORIES ABOUT UNINTENDED CONSEQUENCES”. (1)
- Nick: In a Simpsons episode, Bart protects two rare lizards such that they are able to breed. The population...
- A BIZARRE BASEBALL RULE CHANGE IS IMPLEMENTED (COMMENT). (1)
- Nick: And all of this to solve a problem that doesn’t really exist. Intentional walks and extra innings games...
- A BIZARRE PROPOSED BASEBALL RULE CHANGE. (1)
- Nick: I’m not a purist, but the problem with this rule is it seems that it would likely result in a bunting...
- “ŚMIGUS-DYNGUS”—A GOOD WORD FOR THE DICTIONARY GAME. (1)
- Nick: We’ve gotten a lot of joy out of a similar game called “Wise & Otherwise.” Instead of a...
- ARMAGEDDON CHESS AND “ARMAGEDDON BASEBALL”. (1)
- Nick: Given how many arms teams tend to have stashed in AAA, it’s not that hard to call up players as needed...
- COMPETING AT BAKING. (1)
Category Archives: Economics
ECONOMICS IS “A COLLECTION OF FUNNY STORIES ABOUT UNINTENDED CONSEQUENCES”. John Cochrane, at his Grumpy Economist blog, posts a response to the question Russ Roberts asks (what do economists know?). His answer: “Our field is, perhaps, best described as a … Continue reading
“WHAT DO ECONOMISTS ACTUALLY KNOW?” Professor Russ Roberts began his article entitled “What Do Economists Actually Know?” as follows: “A journalist once asked me how many jobs NAFTA had created or destroyed. I told him I had no reliable idea.” … Continue reading
“SO WHY ARE THEY CALLED “IDENTIFICATION PROBLEMS”? I can imagine Annalisa chuckling again over how counterintuitive economic jargon is. (Think of “rent” as an example). Economists have chosen to talk about the problem of determining (measuring) the effect of different … Continue reading
IDENTIFICATION PROBLEMS IN ECONOMICS. Kids, a rough way of looking at identification problems is to consider the problem of trying to determine the effect of more than one variable in causing something to happen. A good experiment, as explained by … Continue reading
IDENTIFICATION PROBLEMS ARE THE REASON “NATURE DOES NOT RUN VERY GOOD EXPERIMENTS.” Paul Romer explains what has happened in macroeconomics as the result of economists struggling with the “identification problem”. He begins the second paragraph of his essay: “In the … Continue reading
AN ECONOMIST LOOKS AT “THE TROUBLE WITH MACROECONOMICS”. One of the recurring themes of this blog is how my beliefs and the world’s beliefs have changed in my lifetime. One of the things I look in at is what has … Continue reading
HETEROPHASIA—IT’S THE PANTHEON THAT HAS A CONCRETE DOME (COMMENT). I posted here a couple months ago about how the Pantheon has lasted for centuries because concrete can’t be reused. However, I said “Parthenon” for “Pantheon”. Dick Weisfelder promptly pointed out … Continue reading
THE PROBLEM WAS THAT THE NATIONAL WEATHER SERVICE AVOIDED USING PROBABILITIES IN THEIR FORECASTS. Of course government agencies, including the National Weather Service, should keep the public up to date on what their models are predicting. But the cause of … Continue reading
SHOULD THE NATIONAL WEATHER SERVICE PERSIST IN A WEATHER FORECAST THAT IT KNOWS IS WRONG? The National Weather Service issued forecasts that New York City and other coastal cities would get 24 inches of snow on Tuesday March 14. On … Continue reading
COMPARING THE ARTICLES OF CONFEDERATION TO A BUSINESS STARTUP. As a modern lawyer, who has done some drafting, I am impressed by the difficulties that the drafters of the Articles of Confederation faced. There can’t have been many previous examples … Continue reading