F.A. Hayek was one of the pioneers of the evolutionary approach to economics. Rereading Hayek's The Constitution of Liberty on the difference between Gallican and Anglican concepts of liberty- the former based on Cartesian rationality and the latter on an evolutionary theory of moral intuitions and institutions(see Vernon Smith on this here)- reminds me of the history of game theory. …
Blogs / Oxonomics
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Rationality vs Evolution
http://oxonomics.typepad.com/oxonomics/2008/06/rationality-vs.html -
Food Prices and the Alchian-Allen Effect
http://oxonomics.typepad.com/oxonomics/2008/06/food-prices-and.htmlWith food prices rising, journalists have predicting that consumers will switch away from high-quality, expensive, organic or free-range food in favour of cheaper alternatives. Here is Julia Finch in the Guardian reporting on the reversal: 'Twelve months ago the big grocers reckoned the world had changed: food shopping was no longer about price, but provenance, green issues and healthy eating. …
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In Defence of Profiteering
http://oxonomics.typepad.com/oxonomics/2008/06/in-defence-of-p.htmlTim Harford has a great example of the valuable services performed by so-called profiteers here. Price gouging communicates valuable information - it signals that there is a real and immediate scarcity. In this case customers whose needs are not immediate are deterred from buying petrol while customers who do really need petrol know that it is available. …
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31 blog reactions
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Stumbling and Mumbling
http://stumblingandmumbling.typepad.com/stumbling_and_mumbli...Against Pigou taxes Exploiting victimhood Left blogging Why footballers dive Declining local media Destroying psychiatric services Megan McArdle, feminist Against faith schools Marketing Brown one year on The Mandela myth Britblog roundup
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Interesting blog bits
http://antidismal.blogspot.com/2008/06/interesting-blog-bits...and wonkish entry, aiming at self-comprehension, and the product of one too many long plane ride.The Naked Economist talks about argues that High Fuel Costs Could Spur a New Rationalism.The Economist looks at Education in Sweden and Finland.There is a review of Stephen Marglin's book "The Dismal Science, how thinking like an economist undermines community" by E. Roy Weintraub.Tyler Cowen talks about What you don't know that you don't know. This is a reply to
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In Defence of Profiteering
http://antidismal.blogspot.com/2008/06/in-defence-of-profite...points us
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Anti-Dismal
http://antidismal.blogspot.comOxonomics
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The case for free trade in footballers
http://www.tradediversion.net/archives/2008/05/the_case_for_...Oxford's Jimmy Reade makes the case for free trade in footballers, in line with previous entries in this genre by Kanika Datta and Simon Kuper.
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Free trade in footballers
http://antidismal.blogspot.com/2008/06/free-trade-in-footbal...Oxonomics
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Protectionism for English Footballers
http://worldtradelaw.typepad.com/ielpblog/2008/05/protecting...Fundamentally, the issue is competition between teams with vastly different levels of financial resources. However, I'm not sure that restrictions on signing foreigners is the best way to deal with problem. ADDED: More here from Oxonomics (via Trade Diversion)
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Anti-Dismal
http://antidismal.blogspot.comgroups within these economies. A move towards free trade would, overall, be a big help to developing countries. In addition removal of trade barriers between the developing countries themselves would help. In a comment on the report Mark Koyama at Oxonomics says ... I take the report as presenting the current consensus on growth and development - something that almost all economists would broadly agree with or at least find it difficult to really disagree with.
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The Growth Report
http://antidismal.blogspot.com/2008/05/growth-report.htmland subsidies paid to farmers and other groups within these economies. A move towards free trade would, overall, be a big help to developing countries. In addition removal of trade barriers between the developing countries themselves would help. In a comment on the report Mark Koyama at Oxonomics says ... I take the report as presenting the current consensus on growth and development - something that almost all economists would broadly agree with or at least find it difficult to really disagree with.
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Home team advantage in sports
http://antidismal.blogspot.com/2008/05/home-team-advantage-i...Oxonomics blog. Koyama writesJimmy Reade and myself have attempt to address the question of home advantage in football in this paper. We find that home advantage in English football has fallen since the 1980s.
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