Most research on the economics of discrimination focuses on race and gender, but Becker’s framework works equally well for political bigotry.
Is it “exploitation” if you hire me, we both agree on how much you will pay me, and you profit from our arrangement so that you can continue to afford to pay me, and maybe expand the business and hire some others, and possibly make some money for yourself, too?
It’s bad enough when politicians kill businesses with COVID-19 shutdowns. It’s worse if they kill a business because the owner won’t give money to their friends.
The economic analysis of politics goes by many names: political economy, rational choice theory, formal political theory, social choice, economics of governance, endogenous policy theory, and public choice. Each of these labels picks out a subtly different intellectual tradition. Each tradition expands our understanding of the world. My favorite, though, remains public choice.
Episode 379 has Skyler giving his commentary on the following topics: his superhuman ability to not savagely rape the attractive women he encounters while delivering food; how every businesses and economic regulation by government is just a form of protectionism on behalf of some special interest; why democide and genocide doesn’t justify the few and far between government innovations that have benefited humanity; the missing incentives and market pressures of lowering prices and increasing quality from industries that are more or less monopolized by a single provider, including government; and more.
A country that was once making strides toward freedom slides further into oppression and authoritarianism.
“Facebook Employees Are Outraged At Mark Zuckerberg’s Explanations Of How It Handled The Kenosha Violence,” reads the headline at Buzzfeed. One such employee asks “[a]t what point do we take responsibility for enabling hate filled bile to spread across our services?”
Grievance-based politics is nothing new, nor does America’s political “left” enjoy a monopoly on it. For proof of that latter claim, one need look no further than the case of Nick Sandmann.
In doing a little searching for “The Prussian model” of schooling, I ran across an essay that claims to expose “The Invented History of ‘The Factory Model of Education’”. It’s important to get the other side, so I read it and I’ll give you my thoughts here.
Krugman‘s apparent embrace of this growth agnosticism is doubly puzzling. After a lifetime of study, a brilliant Nobel laureate still lacks anything useful to say about fostering growth? How is that even possible?