Nation of Beancounters


Posted in Uncategorized by Navin Kumar on January 25, 2013

1. Samuelson on Keynes. “the Keynesian analysis has begun to filter down into the elementary textbooks; and, as everybody knows, once an idea gets into these, however bad it may be, it becomes practically immortal.”  Old school economists were bitchier than I expected. In Econometrica, no less.

2. Theatrical pickpockets. A lovely sentence: “Robbins’s simplest improvisations have the dreamlike quality of a casual encounter gone subtly awry.”

3. The innocent suffer more than the guilty in prison. Sickening.

4. Freakonomics Experiments. Haven’t tried it myself, so this is a pointer, not an endorsement. Buyer Beware.

5. The illusion of fairness. “…every aspect of our mental price fairness assessment heuristic seems … vulnerable to hijacking by tweaking the presentation of the transaction”


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