>Russell Roberts’ "Treasure Island: The Hidden Elegance of Comparative Advantage"

>Over at EconLog, Russ Roberts introduces the concept of Comparative Advantage by telling the fictional story of two married couples who shipwreck upon the same island. Each couple, together, encompass differing skill levels for the same sets of activities. In this case two: Fishing and collecting water. The second couple to land upon the Island, […]

Read More >Russell Roberts’ "Treasure Island: The Hidden Elegance of Comparative Advantage"

>Karl Hess on the New Left’s vocabulary, the use of violence and spontaneous action, and category-defying Black Panther alliances

>I was bothered also by the New Left’s use of jargon – such as using praxis rather than practice, of replicate rather than duplicate, a special language invented seemingly to prove that when New Lefters spoke even of ordinary things of life they were speaking as intellectually superior people. I was also puzzled with special […]

Read More >Karl Hess on the New Left’s vocabulary, the use of violence and spontaneous action, and category-defying Black Panther alliances

>Don’t think me cynical, but here’s an unorthodox way to introduce basic economics

>(REPOST FROM Saturday, August 26, 2006) A story in Al-Jazeera yesterday tells us that Palestinians are enthralled by a song called “Hawk of Lebanon” by the boy-band outfit dubbed “Northern Band”. Not an especially exciting name, but whatever. The song’s simple lyrics, “Hey, you, hawk of Lebanon. Hey, you, Nasrallah, Your men are from Hezbollah […]

Read More >Don’t think me cynical, but here’s an unorthodox way to introduce basic economics

>Do we ever really get away from "Personal Responsibility"?

>(REPOST FROM Thursday, August 03, 2006) Even people that deride the conservative notion of “personal responsibility” don’t really disbelieve it. They can’t. They at least must believe that they are personally responsible for countering the conservatives’ ideas, and for changing the “social structure” and/or “the system” that renders people helpless. So there are many ways […]

Read More >Do we ever really get away from "Personal Responsibility"?