In 2007, I wrote,
Masonomics says, “Markets fail. Use markets.”
. . .The argument between Chicago and MIT seems to be over whether perfect markets are a “good approximation” or a “bad approximation” to reality. Masonomics goes along with the MIT view that perfect markets are a bad approximation to reality. But we do not look to government as a “solution” to imperfect markets.
Two years later, I wrote,
Tyler argued that politics is about determining what sorts of groups have high status in a society. I think this can relate to the idea that people are motivated to feel good about themselves and to believe that others think highly of them. Think of political identity as like religious identity or musical identity. Tyler pointed out that it’s pretty easy to predict what music will be on the iPod of an upper middle class sophomore girl at Brown will like certain music, and it is pretty easy to predict the musical tastes of a 25-year-old male gas station mechanic in Grand Rapids, Michigan, and those are quite different. You might not get as high an R-square predicting political affiliations, but you could still do pretty well.
I am thinking that at the margin this blog may be better if I include more posts that point readers to older essays of mine. Hence the Klassic.
***I am thinking that at the margin this blog may be better if I include more posts that point readers to older essays of mine. ***
Yes! And if possible, please resurrect some of your old articles from Tech Central Station. You did some great work over there that is now lost to a new generation.
Seconded, Joe Carter. Arnold, you could do a book club of “Learning Economics” and go through each essay and see where you agree and disagree with yourself, and where you have been vindicated or proven wrong.
I’ve come around to the “governments fails use governments” way of thinking myself.
The question is, use it for what?
Tick. VG.
While I agree that pointing to older essays, so there is a bit more content, I’d more strongly suggest that use your comment area here as a “personal twitter”, where you respond quickly to comments you like, or disagree with; and interact more with your loyal reading fan club. And temps. And those who disagree.
I also think Tech Central Station was good. It would be good to try to rebuild the blogosphere some with less quantity and a bit more quality.
Where’s your blogroll? Not just MR, I gather …