Monthly Archives: November 2012

Rothbard’s Criticism of Keynesianism

Man, Economy, and State, 2nd edition, Murray N. Rothbard. Chapter 11 – Money and Its Purchasing Power 5. The Demand for Money B. SPECULATIVE DEMAND One of the most obvious influences on the demand for money is expectation of future changes … Continue reading

Posted in Economics | Tagged

Negative Externality : A ‘Market Failure’

Rothbard and Reisman make good discussion about externalities but I think psychology is also relevant in understanding why “market failure” is not a valid argument. In experimental studies, it appeared that cooperation was higher when the persons can make interaction … Continue reading

Posted in Economics | Tagged

Water for Sale: How Business and the Market Can Resolve the World’s Water Crisis

Water for Sale: How Business and the Market Can Resolve the World’s Water Crisis Fredrik Segerfeldt, 2005. Originally published as Vatten till salu : Hur företag och marknad kan lösa världens vattenkris, copyright ©2003 Timbro, Stockholm.

Posted in Economics | Tagged

Chile: A Dynamic Water Market

Chile: A Dynamic Water Market By María de la Luz Domper March 2009 INTRODUCTION Thirty years ago, Chile’s water management was not very different from water management in many parts of the developing world today. Management was topdown, there was … Continue reading

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The Cochabamba “Water War”: An Anti-Privatisation Poster Child?

The Cochabamba “Water War”: An Anti-Privatisation Poster Child? By David Bonnardeaux March 2009 INTRODUCTION Back in 2002, when I was a young, wet-behind-the-ears Water Management Masters Student, I was of the mind that privatisation was wrong, or at the very … Continue reading

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The Myth of ‘Involuntary Unemployment’

Since layoff is necessary to allow obsolete firms to decline or disappear in favor of new firms that tend to conform to the changes of individual preferences, a frictional unemployment emerges.

Posted in Economics | Tagged

Coming Apart, by Charles Murray

Coming Apart: The State of White America, 1960-2010 Charles Murray (2012) Chapter 2 – The Foundations of the New Upper Class The Enabler: Wealth The poor didn’t actually get poorer – the growth of in-kind benefits and earned-income tax credits more … Continue reading

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The Unbearable Accuracy of Stereotypes

The Unbearable Accuracy of Stereotypes Lee Jussim, Thomas R. Cain, Jarret T. Crawford, Kent Harber, Florette Cohen, 2009. ARE STEREOTYPES EMPIRICALLY INACCURATE?

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How to Improve Your IQ or How Dreams Become Illusions

This article summarizes the (experimental) studies on working memory training, its near- and far-transfer effect, hence generalizeability to non-trained and less similar tests, the persistence of gain over time, and why such improvement is not expected to happen. The second … Continue reading

Posted in Psychometrics | Tagged