Information Cascade
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Michael Kinsley: The solution to money in politics

Michael Kinsley: The solution to money in politics | Information Cascade | Scoop.it
The power of campaign contributions is only as large as we allow it to be.
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Are Retailers Missing A Huge Profit Opportunity By Keeping Wages Too Low?

Are Retailers Missing A Huge Profit Opportunity By Keeping Wages Too Low? | Information Cascade | Scoop.it
The fight for low-skilled higher wages is being fought on many fronts, from a legislative push for raising the minimum wage to protests of fast food chains.
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Whole Foods: America’s Temple of Pseudoscience

Whole Foods: America’s Temple of Pseudoscience | Information Cascade | Scoop.it
Americans get riled up about creationists and climate change deniers, but lap up the quasi-religious snake oil at Whole Foods.
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How happy should we be about ACA supply-side responses to work less?

How happy should we be about ACA supply-side responses to work less? | Information Cascade | Scoop.it
A follow up to yesterday's post.
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Keynesian confirmation bias, Scott Sumner | EconLog | Library of Economics and Liberty

Keynesian confirmation bias, Scott Sumner | EconLog | Library of Economics and Liberty | Information Cascade | Scoop.it
"When you read Keynesian blogs you get the impression that Keynesians think their model has been somehow confirmed by the events of the last few years. And yet figuring out what their model actually predicts can be maddeningly difficult, like nailing jello to the wall."
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How Nobel-Winning Economic Theories Can Help Your Online Dating - Real Time Economics - WSJ

How Nobel-Winning Economic Theories Can Help Your Online Dating - Real Time Economics - WSJ | Information Cascade | Scoop.it
The dating world is a market and markets are what economists know best. Here's how understanding economics can give you a leg up in online romance.
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The Minimum-Wage Cure for Illegal Immigration

The Minimum-Wage Cure for Illegal Immigration | Information Cascade | Scoop.it

"The automatic rejoinder to proposals for hiking the minimum wage is that “jobs will be lost.” But in today’s America a huge fraction of jobs at or near the minimum wage are held by immigrants, often illegal ones. Eliminating those jobs is a central goal of the plan, a feature not a bug."

 

Patrick Warren's insight:

Bad news.

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The Exciting World of Insurance

The Exciting World of Insurance | Information Cascade | Scoop.it

"Singer Dolly Parton has an insurance policy with Lloyd’s on her breasts. Lloyd’s has insured a whiskey company offering a reward for the capture of the Loch Ness Monster against the risk of someone actually doing so."

 

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GMO Labeling is Bad Science and Good Politics

GMO Labeling is Bad Science and Good Politics | Information Cascade | Scoop.it
Genetically modified foods are not harmful to the health of consumers, but that won't stop those activists who don't care what the science says.
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Go Ahead, Let Your Kids Fail

If we want a society that dreams new things and then makes them happen, why do we teach the next generation to do the exact opposite?
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The SAT, Test Prep, Income and Race

The SAT, Test Prep, Income and Race | Information Cascade | Scoop.it
The announcement of the new, new SAT has created a lot of hand-wringing about SAT scores and their correlations with income and also race.
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The Inequality of Reason and Emotion

The Inequality of Reason and Emotion | Information Cascade | Scoop.it
"Libertarians simply need to accept that inequality is a deeply emotional issue. This means that action of some sort will be taken. It will be politicized. Because this is inevitable, libertarians should focus their efforts on making the redistribution as useful as possible."
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The return of the supply side

The return of the supply side | Information Cascade | Scoop.it

"The debate isn’t about whether it makes sense to force people to work; it’s about whether people on the margin of the labour force are better off working or getting transfers."

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A Lonely Quest for Facts on Genetically Modified Crops

A Lonely Quest for Facts on Genetically Modified Crops | Information Cascade | Scoop.it
From that notorious shill for Big Ag, the NYT.
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If Economists Wrote Christmas Cards

If Economists Wrote Christmas Cards | Information Cascade | Scoop.it
The University of Chicago asks a group of academics about gift-giving and the holidays. Their responses will melt your heart.
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Ideas: Evaluating Controversial Claims

Ideas: Evaluating Controversial Claims | Information Cascade | Scoop.it
"There are at least four different ways in which an interested observer can decide whether or not to believe [a controversial] claim."
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The Market is a Process, not a Decision Mechanism | askblog

"Think of the market as a process for testing hypotheses. The process is brutally empirical, winnowing out losing strategies and poor execution. In contrast, elections are a much weaker testing mechanism."
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More Questions for Proponents of Pricing Low-Skilled Workers Out of Jobs

More Questions for Proponents of Pricing Low-Skilled Workers Out of Jobs | Information Cascade | Scoop.it
Like philosopher Michael Huemer and my colleague Bryan Caplan, my libertarian ethics grow from, and remain grounded in, what Huemer calls “common sense morality” – a common sense that understands the homage that statism pays to liberty.
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Socialism off to a Poor Start in Seattle

Socialism off to a Poor Start in Seattle | Information Cascade | Scoop.it
Seattle City Council member-elect Kshama Sawant recently displaced a longtime business-friendly incumbent from the City Council, and is noteworthy for her status as an avowed socialist.
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Is Feminism Making Women Less Happy?

Is Feminism Making Women Less Happy? | Information Cascade | Scoop.it
Stevenson and Wolfers scoured for the sources of female unhappiness before it wasn't cool. It's complicated.
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