Monthly Archives: May 2017

Reading our own minds

Thanks to a commenter, I found a paper by Peter Carruthers. metacognition always results from people turning their mindreading abilities upon themselves. By metacognition he means our description of our own mental processes. We call this introspection, although his theory … Continue reading

Posted in behavioral economics | 7 Comments

What I’m reading

1. Founder of Modern Economics: Paul Samuelson. The first volume of a biography written by Roger E. Backhouse. So far not rewarding, but I feel obliged to try to stick with it. 2. The Agony and the Ecstasy, by Irving … Continue reading

Posted in books and book reviews | 2 Comments

Tax Luxury Homes?

Adam Ozimek wrote, Taxing housing wealth is also efficient compared with taxing other kinds of wealth because it’s impossible to move and difficult to hide. If you tax financial wealth, you have to worry that wealthy households will park their … Continue reading

Posted in Housing and housing finance, Tyler Cowen is my Favorite Blogger | 20 Comments

The Real Estate Lobby, Acting Local

A commenter asks, aren’t Real Estate lobbies most powerful with local governments? The local and national lobbies work very differently. Locally, the commercial real estate developers are the most active. And often it’s case by case, as opposed to policy … Continue reading

Posted in Housing and housing finance | 2 Comments

Infrastructure for self-driving cars

Marty Padgett writes, The infrastructure needed to support completely self-driving cars won’t be ready any time soon. If and when it does happen, that infrastructure is at least decades away–and it will come with a multi-billion-dollar pricetag. Pointer from James … Continue reading

Posted in regulation | 11 Comments

The American Affairs Platform

The editors write, We will continue to offer ideas on trade agreements and other specific measures. At bottom, however, rethinking trade means rethinking the theoretical foundations of economics and moving beyond the textbook abstractions that have justified decades of failed … Continue reading

Posted in Politics | 10 Comments

World Bank soap opera, not unexpected

Andrew Mayeda reports, Paul Romer is relinquishing oversight of the Development Economics Group, the research hub of the Washington-based development lender, according to an internal staff announcement seen by Bloomberg. Kristalina Georgieva, the chief executive for the bank’s biggest fund, … Continue reading

Posted in Tyler Cowen is my Favorite Blogger | 1 Comment

Why I see academic economics moving left

Don Boudreaux wonders why I make that prediction, and he offers one possible explanation. economists’ increasing embrace of empiricism that isn’t solidly rooted in basic microeconomic theory of the sort that can be, and should be, taught to undergraduates. That … Continue reading

Posted in Economic education and methods | 15 Comments

The Theory of Mind

I just finished reading The Enigma of Reason by Dan Sperber and Hugo Mercier. They look at the process by which we arrive at reasons for actions. The following thought occurs to me: You probably assume that understanding your own … Continue reading

Posted in behavioral economics, books and book reviews, culture | Tagged , | 6 Comments

Podcast on The Three Languages of Politics

with Caleb Brown. I think it covers well a lot of issues in the book.

Posted in Three-Axes Model | 4 Comments