Category Archives: Economics and public policy

Yes Minister: hilarious, truthful, too good to be true.

Here at Troppo we have referred to the ‘Yes Minister series’ many times because of its brilliant commentary on the timeless issues of government, exemplified in the skit above. I have gone through three phases with the series: when it … Continue reading

Posted in Cultural Critique, Democracy, Economics and public policy, Ethics, Geeky Musings, Humour, Journalism, Libertarian Musings, Life, Philosophy, Political theory, Review, Society | 2 Comments

Rescuing empathy

Economics is famous for its idea – it’s better to call it a methodological assumption of some economics – that self-interest is what drives people. But something just as evident about people – and much more unique to our species – is … Continue reading

Posted in Blegs, Economics and public policy | 6 Comments

Power, understanding and knowledge

I’m wondering why the facts and ideas generated in the abstract below aren’t higher up the order of proceedings in such things as teaching the economics of industrial organisation, the economics of information. What Hayekian has focused on this? Pathetic that I’ve not … Continue reading

Posted in Cultural Critique, Democracy, Economics and public policy, Information, Philosophy, Political theory | 2 Comments

Elite tribalism and the new ruling class

Via this great column of Ross Douthat, I came upon this really fine essay on The New Ruling Class. On Googling the author it turned out she is an American who lives in Sydney and works for the CIS. The interview of … Continue reading

Posted in Cultural Critique, Economics and public policy, Political theory | 25 Comments

Effects of the Minimum Wage on Infant Health

Effects of the Minimum Wage on Infant Health The minimum wage has increased in multiple states over the past three decades. Research has focused on effects on labor supply, but very little is known about how the minimum wage affects … Continue reading

Posted in Cultural Critique, Economics and public policy, Education, Ethics, Philosophy, Political theory, Politics - international | 1 Comment

Self-interest, altruism and shared intentionality: a quick note and stake in the ground

To a substantial extent the ‘left/right’ divide is characterised by a common way of seeing the world in which there’s self-interest and its opposite – altruism. But I think that impoverishes the debate. I think there’s a third category far more … Continue reading

Posted in Cultural Critique, Economics and public policy, Political theory, Public and Private Goods | 7 Comments

Incentives for creativity

Sanjiv Erat1, Uri Gneezy1 We investigate whether piece-rate and competitive incentives affect creativity, and if so, how the incentive effect depends on the form of the incentives. We find that while both piece-rate and competitive incentives lead to greater effort … Continue reading

Posted in Economics and public policy, Innovation | 1 Comment