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Law, Legislation, and Lunacy: May 2014

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Law, Legislation, and Lunacy. The Road to Sanity. Tuesday, May 27, 2014. 958% of Averages Are Nonsense. Sent to Marketplace today:. With Jules Pieri on the morning of May 27th concerning Title IX for business missed a crucial point. Pieri assumes that such a large gap in venture capitalist money (only 4% to women) is due to sexism. In March found investors chose businesses proposed by men 68% of the time, not 96%. There's a lot more going on than the raw averages suggest. Asst Professor of Economics.

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Law, Legislation, and Lunacy: December 2013

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Law, Legislation, and Lunacy. The Road to Sanity. Monday, December 09, 2013. Wages Are Not Special Prices. For an increase in the minimum wage and the airwaves. Are filled with commentators claiming increasing the minimum wage won't have any unemployment effects, or any ill effects at all. To the minimum wage. Prices during the Depression (on the theory that it would increase wages and employment), which helped transformed the 1930s into America's worst economic crisis in history. General Links and Blogs.

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Law, Legislation, and Lunacy: May 2015

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Law, Legislation, and Lunacy. The Road to Sanity. Friday, May 22, 2015. Are in a bit of a spat over how much interest rates matter. Krugman put forth data from FRED (Federal Reserve Economic Data) showing a strong correlation between interest rates and housing starts. But, says Cullen Roche, he left out 40% of the data, putting his whole thesis into question. T-Stat: -11.48 (statistically significant). T-Stat: -5.91 (also statistically significant). Here's the interesting bit about this regression: Krugm...

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Law, Legislation, and Lunacy: Keep the Olympics in Athens

http://lawlegislationandlunacy.blogspot.com/2015/07/keep-olympics-in-athens.html

Law, Legislation, and Lunacy. The Road to Sanity. Wednesday, July 29, 2015. Keep the Olympics in Athens. Boston gave up on its bid. To host the 2024 Olympics on Monday, a surprisingly wise move given the city was home to the most expensive highway project in the US: the way over budget Big Dig. Maybe the whole ordeal made Bostonians suspicious of megaprojects. And rightfully so. It's not simply corruption. It's also just very hard to estimate these parameters. It's no wonder economists agree. Keeping the...

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Law, Legislation, and Lunacy: Efficiency Wages Are Not Free Lunches

http://lawlegislationandlunacy.blogspot.com/2014/01/efficiency-wages-are-not-free-lunches.html

Law, Legislation, and Lunacy. The Road to Sanity. Wednesday, January 29, 2014. Efficiency Wages Are Not Free Lunches. President Obama visited a CostCo today. But if everyone has a higher wage, many of these benefits disappear. It becomes an expectation, not a perk, and because everyone offers it, fewer workers will be particularly motivated by it. Subscribe to: Post Comments (Atom). Libertarianism in 30 Seconds. General Links and Blogs. Institute for Humane Studies. Thinking on the Margin.

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Law, Legislation, and Lunacy: Wages Are Not Special Prices

http://lawlegislationandlunacy.blogspot.com/2013/12/wages-are-not-special-prices.html

Law, Legislation, and Lunacy. The Road to Sanity. Monday, December 09, 2013. Wages Are Not Special Prices. For an increase in the minimum wage and the airwaves. Are filled with commentators claiming increasing the minimum wage won't have any unemployment effects, or any ill effects at all. To the minimum wage. Prices during the Depression (on the theory that it would increase wages and employment), which helped transformed the 1930s into America's worst economic crisis in history. General Links and Blogs.

lawlegislationandlunacy.blogspot.com

Law, Legislation, and Lunacy: January 2014

http://lawlegislationandlunacy.blogspot.com/2014_01_01_archive.html

Law, Legislation, and Lunacy. The Road to Sanity. Wednesday, January 29, 2014. Efficiency Wages Are Not Free Lunches. President Obama visited a CostCo today. But if everyone has a higher wage, many of these benefits disappear. It becomes an expectation, not a perk, and because everyone offers it, fewer workers will be particularly motivated by it. Subscribe to: Posts (Atom). Libertarianism in 30 Seconds. General Links and Blogs. Institute for Humane Studies. Thinking on the Margin.

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Law, Legislation, and Lunacy: July 2013

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Law, Legislation, and Lunacy. The Road to Sanity. Tuesday, July 09, 2013. Robert Atkinson and Michael Lind posted a terribly foolish article. On introductory economics yesterday at Salon. They claim economists tell a series of ten myths but fail at every turn. Let's look at each "myth" in turn. Myth 1: Economics is a science. Right off the bat, the survey they cite. Actually ask respondents if raising the minimum wage would make it noticeably. Myth 2: The goal of economic policy is maximizing efficiency.

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Law, Legislation, and Lunacy: On Foolish Correlations

http://lawlegislationandlunacy.blogspot.com/2015/05/on-foolish-correlations.html

Law, Legislation, and Lunacy. The Road to Sanity. Friday, May 22, 2015. Are in a bit of a spat over how much interest rates matter. Krugman put forth data from FRED (Federal Reserve Economic Data) showing a strong correlation between interest rates and housing starts. But, says Cullen Roche, he left out 40% of the data, putting his whole thesis into question. T-Stat: -11.48 (statistically significant). T-Stat: -5.91 (also statistically significant). Here's the interesting bit about this regression: Krugm...

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Law, Legislation, and Lunacy: Poor Prioritization

http://lawlegislationandlunacy.blogspot.com/2014/05/poor-prioritization.html

Law, Legislation, and Lunacy. The Road to Sanity. Thursday, May 15, 2014. Sent yesterday to NPR concerning this story. Dear Ms. Michel Martin,. I was disappointed when I heard your story today concerning the connection between the career of Barbara Walters and the kidnapped Nigerian girls. Rather than emphasizing the large gap in opportunity that exists between people in different countries, you focused on the tenuous gender income gap within the United States. Asst Professor of Economics.