Sharpening my knife
Because I can’t think of any others (Wall Street? Other People’s Money? Coal Miner’s Daughter?), I’ll second the nomination of Being There as the best economics movie of all time.
Now don’t let that scare you away from it. Its a funny movie and Peter Sellers rocks.
(h/t monkey cage)
This is a neat picture:
Its of a fire that burned down an old feed store in my home town on Christmas. My step-dad is in the volunteer fire department and helped to put it out. Nobody, as far as I know, was hurt and no other buildings (to my surprise) caught on fire.
Clark on peak oil. That’s right. Peak oil. At least he’s sticking to his sweet-spot academic subject…
The economy would withstand enormous increases in energy costs with modest damage because energy is even now so extravagantly cheap that most of it is squandered in uses of little value. Recently, I drove my 13-year-old son 230 miles round-trip from Davis to Chico, to play a 70-minute soccer game. Had every gallon of gas cost four hours of my wage, I am sure his team could have found opposition closer to home.
Actually, Clark has written a paper close this subject. I discussed it a while back. His argument in that paper is basically that the industrial revolution drove increases in demand for fossil fuels thus encouraging firms to develop new ways to discover and extract those fuels. Say’s Law in reverse, I guess.
(h/t CD and egghead)
Someone should do behavioral economics studies on groups of autistic individual. Would surely validate the mid-20th century microeconomic consensus.
— razib
e.g.:
(h/t gristmill)
We enjoy good food, music, the company of family, gossip, socialization and the broader succor of our community. These are not social constructions, they are are the core of our humanity, and any belief system or model of human action which neglects these natural impulses will lead us astray.
— Razib at gnxp
To establish my Nerd God street cred, here’s some links:
That’s me.
(h/t uber Env-Econ Nerds)
>7k on dtd… I think I’m done now.
