Category Archives: Economics

THE PROBLEM WAS THAT THE NATIONAL WEATHER SERVICE AVOIDED USING PROBABILITIES IN THEIR FORECASTS.

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

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SHOULD THE NATIONAL WEATHER SERVICE PERSIST IN A WEATHER FORECAST THAT IT KNOWS IS WRONG?

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

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COMPARING THE ARTICLES OF CONFEDERATION TO A BUSINESS STARTUP.

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

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RIDICULING THE NEAT ROOMMATE.

RIDICULING THE NEAT ROOMMATE. I think there should be a corollary to the Messy Roommate theory: The messy roommates have an incentive to ridicule the efforts of the neat roommate. This shows up in the NATO context as criticism by … Continue reading

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REVISITING THE MESSY ROOMMATE THEORY OF NATO.

REVISITING THE MESSY ROOMMATE THEORY OF NATO. I posted here in 2008 about the Messy Roommate Theory of NATO, which was set forth in the sixties in a paper by Richard Zeckhauser and Mancur Olson. In brief, assume a messy … Continue reading

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THE POTATO AND THE FUTURE CONQUEST OF SPACE.

THE POTATO AND THE FUTURE CONQUEST OF SPACE. I have posted several times about the importance of the potato in world history. I quoted Professor William H. McNeill here that: “by feeding rapidly growing populations, [potatoes] permitted a handful of … Continue reading

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TURNER’S LIGHT.

TURNER’S LIGHT. I had looked at many of Turner’s paintings with their effects of atmosphere and color without realizing that Turner’s work was shaped by the English air. Turner was born in 1775 and all during his lifetime, houses were, … Continue reading

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JOE BOB BRIGGS’ BRIEF HISTORY OF THE REDNECK.

JOE BOB BRIGGS’ BRIEF HISTORY OF THE REDNECK. Judith Matloff says that honor codes still survive in mountainous regions like Albania, “where 10.000 men have perished in vendettas in the last two decades”. She points out that J D Vance’s … Continue reading

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SOME OF THE SYSTEM PROBLEMS AT THE OSCARS.

SOME OF THE SYSTEM PROBLEMS AT THE OSCARS. I posted a couple of days ago on the Oscars mixup. I had not read that much about it, but I hazarded a guess, based on the generalization of W Edwards Deming … Continue reading

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THE OSCARS MIXUP—IT’S THE SYSTEM, NOT THE PEOPLE.

THE OSCARS MIXUP–IT’S THE SYSTEM, NOT THE PEOPLE. There was a lot of excitement last night at the Oscars. La La Land was announced as the winner for best movie, but after some of the acceptance speeches had been given, … Continue reading

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