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Playconomics video game teaches theory of economics - Phys.Org

Playconomics video game teaches theory of economics - Phys.Org | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Phys.Org
Playconomics video game teaches theory of economics
Phys.Org
"It is perfect for self-education and we really think it will change the way we teach economics," concludes Motta.

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Crimea Through a Game-Theory Lens

Crimea Through a Game-Theory Lens | Politics, Markets, and Other Forms of Social Organization | Scoop.it
As applied to political crises, economic concepts suggest that negotiated settlements may become elusive.
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Dionne v. Hayek - Washington Post

Dionne v. Hayek - Washington Post | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Dionne v. Hayek Washington Post In this sense, the price system is completely bottom-up–it is the aggregation of all these marginal and constantly-changing expressions of preferences of people deciding how to allocate their resources and a signal...

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Ross Emmett's insight:

HT to Pete Boettke: 

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Peter Boettke's curator insight, February 16, 2014 12:04 PM
Down goes Dionne, Down goes Dionne ...
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The Good Old Days of Global Poverty

The Good Old Days of Global Poverty | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Noah Smith has a piece in the Atlantic in which he tries to revitalize the anti-WTO Seattle protests. We were wrong to mock them, he says. They were "mostly right"! And "on nearly every count"! All right, I'll bite.
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The Nicest Thing Johns Hopkins Can Do for Its Ph.D. Students Is Accept Fewer of Them

The Nicest Thing Johns Hopkins Can Do for Its Ph.D. Students Is Accept Fewer of Them | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Faculty and graduate students at Johns Hopkins University, an elite private research institution that costs undergrads $61,000 per year, are up in arms about a new strategic plan that proposes sweeping changes (and cuts) to its Ph.D.
Ross Emmett's insight:

I wonder what my friends who teach in graduate programs think of this move at JHU. My own view is positive, but I teach only undergrads. What are the potential unseen consequences of reductions in graduate education if it spread amongst the elite schools?

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Boring Economics Teacher

Boring Econ teacher from Ferris Bueller's Day Off (Economics: http://t.co/8vv64wzBPy)

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Peter Boettke's curator insight, September 11, 2013 3:20 PM

Don't be like this!  Bland and Boring is no way to go through an economics career.

 

P.S.: Actually the actor in this case is the son of a famous economist and himself a very well establshed professional in his own field, so you can be like him, just not like him acting as a boring economics professor.  Furthermore, the factual information in the clip is _not_ far off the mark.

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Ronald H. Coase, Founding Scholar in Law and Economics, 1910-2013 | University of Chicago Law School

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UofC Law School obit

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Coase-Sandor Institute for Law and Economics | University of Chicago Law School

Coase-Sandor Institute for Law and Economics | University of Chicago Law School | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Saddened to learn that the great economist and founder of law-and-economics, Ronald Coase, has died at 102. A giant. http://t.co/vRNwCaxG85

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Austrian Detroit? by Mark Spitznagel - Project Syndicate

Detroit's bankruptcy presents an opportunity to transform itself from an example of municipal failure into a symbol of restoration and source of economic dynamism.
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Detroit has a flourishing entrepreneurial culture that is the key to its revival, bankruptcy or not.

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Classical Liberalism and the Role of Ideology

Ludwig von Mises fundamentally misunderstood the history of classical liberalism. His misunderstanding is grounded in the tunnel vision of ideology, when he should have been examining the larger tr...

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Peter Boettke's curator insight, July 29, 2013 11:49 AM

what say you in response?

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Is Malcolm Gladwell Right, Should College Football Be Banned To Save Brains?

Is Malcolm Gladwell Right, Should College Football Be Banned To Save Brains? | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Getty Images Journalist and best-selling author Malcolm Gladwell is an outspoken advocate of banning college football on health grounds, and his appearance on CNN’s 'GPS with Fareed Zakaria' has turned up the volume another notch.
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Wirtschaftswissen: Studien und Wirtschaftsforschung - alle Artikel auf FAZ.NET

Wirtschaftswissen: Studien und Wirtschaftsforschung - alle Artikel auf FAZ.NET | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Aktuelle Nachrichten und Informationen rund um Wirtschaftswissen, Wirschaftsforschung und Institutionen hier auf FAZ.NET.
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Sweatshop Blues: An Interview with Benjamin Powell : The Freeman : Foundation for Economic Education

Sweatshop Blues: An Interview with Benjamin Powell : The Freeman : Foundation for Economic Education | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Ben Powell says we shouldn't believe the hype about sweatshops.
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Uber, LeCab And Others Now Have To Wait 15 Minutes Before Picking You Up In France | TechCrunch

Uber, LeCab And Others Now Have To Wait 15 Minutes Before Picking You Up In France | TechCrunch | Politics, Markets, and Other Forms of Social Organization | Scoop.it
At first, it was just an idea, but this bill is now very real -- urban transportation services like Uber and LeCab will now have to wait 15 minutes in France..
Ross Emmett's insight:

Another example of protectionist regulation that emerges from rent-seeking and resistance to innovation.

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Should We Raise the Minimum Wage? 11 Questions and Answers

Should We Raise the Minimum Wage? 11 Questions and Answers | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Who earns it? Does it help the poor? Does it really kill jobs? Those issues, and more. 
Ross Emmett's insight:

Very good review of the argument. Both sides (or all three sides?) presented clearly and fairly. Conclusion is to raise min. wage. I disagree, but note what the author implies will be result of raising min. wage: a) it will increase the income of middle-class households; b) it will not decrease poverty; and c) it may make it harder for those with few market skills to find jobs. The author is right about the results. 

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Is The Economist left- or right-wing?

Is The Economist left- or right-wing? | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Editor’s note: This week, to mark the 170th anniversary of the appearance of the first issue of The Economist on September 2nd 1843, this blog will...
Ross Emmett's insight:

In an earlier anniversary note, the editors said that The Economist was pro-market, not pro-business. Here they amplify their position: they have always been sceptical of both claims to hierarchical order (the right) and vast redistributive schemes (the left).

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Ronald Coase (1910-2013)

Ronald Coase (1910-2013) | Politics, Markets, and Other Forms of Social Organization | Scoop.it
| Peter Klein |
Ronald Coase passed away today at the age of 102. One of the most influential economists of the 20th century, perhaps of all time.

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Peter Boettke's curator insight, September 3, 2013 8:03 AM

Deirdre McCloskey once remarked that very few economists actually understand Coase. She is right.  But Peter Klein is one of those who "get it".

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Ronald Coase and Comparative Institutional Analysis - Coordination Problem

Ronald Coase and Comparative Institutional Analysis - Coordination Problem | Politics, Markets, and Other Forms of Social Organization | Scoop.it
|Peter Boettke| Ronald Coase passed away yesterday at the age of 102. Coase was a productive (and feisty, though always gentlemanly) scholar to the end. In 2012, he published How China Became Capitalist and did a podcast with Russ Roberts...

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Why Most Things Fail

Why Most Things Fail | Politics, Markets, and Other Forms of Social Organization | Scoop.it
In this getAbstract summary, you will learn: How economists have ignored failure, perhaps the most salient fact of business life; How evolutionary biology can enlighten economics.

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Ross Emmett's insight:

I have a video entitled: "The Promise of Failure" that addresses several of these issues.

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Peter Boettke's curator insight, July 29, 2013 11:20 AM

Read this along with Tim Harford's Adapt (http://timharford.com/books/adapt/).

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No One Promised Us a Job - The Conversation - The Chronicle of Higher Education

No One Promised Us a Job - The Conversation - The Chronicle of Higher Education | Politics, Markets, and Other Forms of Social Organization | Scoop.it
Ross Emmett's insight:

Love the professional hockey player = professor analogy. Good points about expectations and why one becomes an academic.

 

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