Category: Commentary, Critique, and Response

  • 2000 Years Of Economic History In A Chart? What Would That Chart Tell Us?

    I don’t know what we’re supposed to learn from this chart from The Atlantic, but as others have already stated with passion, it’s pretty bad information design. And even without that criticism, almost every conclusion that one would draw from it certainly appears to be simply meaningless or false – at least without some sort of prevarication.

    It reminds me of the biggest statistical sin in current economics: using ‘families’ rather than individuals. If someone uses that measure, then everything that follows is false. Families have changed too much. More so than the economy itself. The economy is noise by comparison. Likewise, for such gross categorization as this chart seeks to make use of, economic activity is meaningless without the sizes of the geography and the population. Boundaries are meaningless unless what happens within them is substantially different per person per square mile/km. Perhaps even, limited to per person per acre of arable land. Otherwise all the chart tells you is that big arbitrary geographic areas produce more income than small arbitrary geographic areas. Which tells us precisely nothing that isn’t absurdly obvious. WHAT SHOULD A CHART OF ECONOMIC HISTORY SHOW US? What any such chart would allow us to draw the conclusion that:

      Economic history is not complicated. People need:

        They need institutional technologies which do not so much require the state as require the state not abuse:

          And, they need those institutions that *are* complicated: social aspects we too often ignore, and which appear to require intervention on the part of the state:

            A chart that is useful, will be the chart that illustrates that the only value of a state is in creating these institutions (a) thru (h).

          • 2000 Years Of Economic History In A Chart? What Would That Chart Tell Us?

            I don’t know what we’re supposed to learn from this chart from The Atlantic, but as others have already stated with passion, it’s pretty bad information design. And even without that criticism, almost every conclusion that one would draw from it certainly appears to be simply meaningless or false – at least without some sort of prevarication.

            It reminds me of the biggest statistical sin in current economics: using ‘families’ rather than individuals. If someone uses that measure, then everything that follows is false. Families have changed too much. More so than the economy itself. The economy is noise by comparison. Likewise, for such gross categorization as this chart seeks to make use of, economic activity is meaningless without the sizes of the geography and the population. Boundaries are meaningless unless what happens within them is substantially different per person per square mile/km. Perhaps even, limited to per person per acre of arable land. Otherwise all the chart tells you is that big arbitrary geographic areas produce more income than small arbitrary geographic areas. Which tells us precisely nothing that isn’t absurdly obvious. WHAT SHOULD A CHART OF ECONOMIC HISTORY SHOW US? What any such chart would allow us to draw the conclusion that:

              Economic history is not complicated. People need:

                They need institutional technologies which do not so much require the state as require the state not abuse:

                  And, they need those institutions that *are* complicated: social aspects we too often ignore, and which appear to require intervention on the part of the state:

                    A chart that is useful, will be the chart that illustrates that the only value of a state is in creating these institutions (a) thru (h).

                  • Colonel Sanders, with affectionate recollection, said “We were feeling a bit sha

                    Colonel Sanders, with affectionate recollection, said “We were feeling a bit shagged and fagged and fashed, it being a night of no small expenditure.”


                    Source date (UTC): 2012-06-26 13:39:00 UTC

                  • COMPETITION OF CROOKS” I’m not a member of the cult of ridicule that seems to pe

                    http://www.hanshoppe.com/2012/06/professor-hoppes-new-book-der-wettbewerb-der-gauner-the-competition-of-crooks/”THE COMPETITION OF CROOKS”

                    I’m not a member of the cult of ridicule that seems to pervade the libertarian movement. So I’m just a bit thrown by the title of Hoppe’s new book, “The Competition Of Crooks”, which, while bearing a colloquial title, is apparently an elaboration of Hoppe’s theory of the private law society that criticizes the predatory bureaucratic state. The book is apparently only available in German for now. So we pidgin-speaking anglo heretics will have to wait. 🙂 That said, I will read it as soon as it’s available.

                    Professor Hoppe: The Competition of Crooks

                    http://www.hanshoppe.com/2012/06/professor-hoppes-new-book-der-wettbewerb-der-gauner-the-competition-of-crooks/

                    The Professor’s new book is out, in German, with the release information here. Hopefully, Herr Groezinger is busy on the translation, as aside from orderi…

                    (from Andy Duncan at godthatfailed.com)


                    Source date (UTC): 2012-06-25 19:05:00 UTC

                  • (FUN) Translated: “YOU’LL JUST HAVE TO START LOOKING! DAMNED BLOODSUCKERS!”

                    (FUN) Translated: “YOU’LL JUST HAVE TO START LOOKING! DAMNED BLOODSUCKERS!”


                    Source date (UTC): 2012-06-25 17:15:00 UTC

                  • Lots of love out there for you. You can do it

                    Lots of love out there for you. You can do it.


                    Source date (UTC): 2012-06-25 11:47:00 UTC

                  • Untitled

                    http://www.torontosun.com/2012/06/22/green-drivel?utm_source=facebook&utm_medium=recommend-button&utm_campaign=Green+%E2%80%98drivel%E2%80%99


                    Source date (UTC): 2012-06-23 20:24:00 UTC

                  • Untitled

                    http://www.capitalismv3.com/2012/06/12/stiglitz-joins-in-on-keynesian-spending-in-order-to-expand-the-oppressive-state/


                    Source date (UTC): 2012-06-20 10:13:00 UTC

                  • FROM TUTOR2U? (Seriously?) Ok, you know, what I write about is controversial. I

                    http://tutor2u.net/BANNED FROM TUTOR2U? (Seriously?)

                    Ok, you know, what I write about is controversial. I defend the conservative and libertarian political and economic programs. (Although I also defend redistribution under certain circumstances.) I explain conservative theory using libertarian reasoning. And I think I’m as good or better at it than anyone else out there. So, to check myself, I just went through all of my comments on Disqus and they’re pretty tame. I changed my debate strategy this winter so that it’s less antagonistic and more explicative. But whatever they banned me for must have been recent.

                    SO FAR WHO HAS BANNED ME?

                    1) Mark Thoma’s Left Wing link aggregator The Economist’s View (top leftist site on the web after Krugman) And I deserved it probably, for stooping to their level now and then. I’m only human.

                    2) Tutor2u’s economic site (no idea what I said there that was controversial). I mean it’s a progressive site.

                    And that’s it.

                    Other Notices:

                    3) TED didn’t ban me but deleted a comment I made on why I didn’t think it’s statistically likely that more women will become CEOs of major companies, or senior managers (IQ distributions favor men at the extremes.)

                    4) I got a threatening notice from Arnold Kling’s editor because I was posting my responses to him on my web site, maybe a year and a half ago, but not for the content itself. I just explained that I was documenting my comments and they were fine with it.

                    So, I don’t get banned often. I though Paul Krugman would have done so by now, but I’m tame next to some people there. Or one of the other leftist economists that I argue with now and then. I’m pretty prolific. At the rate I produce you’d think that if I was really awful that I’d get banned all the time.

                    Here is the post. It’s in response to the question of which exit from the Euro will cause the least harm.

                    ===

                    “I don’t know why it isn’t pretty obvious that the optimum answer is the split north and south, with the north doing the planning, and bearing the cost, of restoring the Mark.

                    The US mountain, midwest and south have the same problem with the northeast and west. A lot of political conflict that could be solved by markets if they weren’t under the same federal government and currency.

                    I wouldn’t wish our level of political polarization on europe. It certainly seems like that’s what they’re asking for. And, at least in political theory, we’re pretty certain that big is bad and small is good. We should be thinking about breaking up the states. Europe shouldn’t be trying to federate like we do. It’s a recipe for conflict and paralyzation.”

                    ===


                    Source date (UTC): 2012-06-16 11:19:00 UTC

                  • “I consider Libertarians to be like Celtic barbarians deployed by British kings

                    “I consider Libertarians to be like Celtic barbarians deployed by British kings in the Middle Ages against the Scots or the French. They are extremely useful for fighting your enemies, but you would never want one to actually sit on the throne. ” – Jonah Goldberg, National Review

                    I’m not quite sure what I think that’s so funny, and so true. But I can’t stop laughing. It’s exactly how conservatives use libertarians.


                    Source date (UTC): 2012-06-12 19:35:00 UTC