Caplan Notes 3/29, Pub Choice II

Official course notes reference. Related: My proof of markets as an optimal voting system. Important note: His version of ‘expressive voting’ is not the same as the concept (of the same label) which I learned in undergrad from Jonathan Slapin. Caplan’s expressive voting means non-instrumental voting, while Slapin’s expressive voting means voting in a way … Read more

Non-Market Decision Making Reading Notes Section 3.7

3.7 Family [PDF] Allen, Douglas W., and Margaret Brinig. 1998. “Sex, Property Rights, and Divorce.” European Journal of Law and Economics 5: 211-233. 2 Main Points Consent for sex may be treated as a good. Whoever has lower demand becomes a supplier and obtains some bargaining power equal to the difference. Male and female drive … Read more

BOA and Budgeting: Multi-Category Transactions

I recently bragged about some major improvements Bank of America (BoA) has rolled out to their online platform which facilitate real budgeting. Even so, I noted some issues. This article provides a partial update, describes two new issues, and a strategy for obtaining bank data to create a superior external application. Such an external application … Read more

Hands-Off Production

So I have an idea for an invention. It’s simple, I’ll describe it here. I’m also not an engineer. So I’ll define and analyze the feasibility of what I am calling hands-off production. The product is a premium hair clipper device. It allows a user to input the height of their head and a preferred … Read more

Non-Market Decision Making Reading Notes Section 3.6

This article contains my notes on the section 3.6 readings for Leeson’s Economics of Non-Market Decision Making. 3.6 Alternative Institutions of Property Protection and Conflict Resolution Allen, Douglas W., and Vera Lantinova. 2013. “The Ancient Olympics as a Signal of City-State Strength.” Economics of Governance 14: 23-44. 3 Main Points The ability of a Greek … Read more

Further Contra Uncertainty

This article further criticizes the notion of Knightian uncertainty which is often used to attack equilibrium theory. Section II highlights some past work. I recently watched and old debate between Caplan and Boettke. The debate focuses on the validity of Austrian economics, but my focus is on Bryan’s criticism of uncertainty. See 5:41 of this … Read more

8 Biblical Money Principles

This article summarizes some of my favorite findings from a simple Google search on biblical financial stewardship. Super basic: Do a budget. Consider project costs and plan properly. Don’t love money. Everyone knows the Bible says money is a root of all evil, but the Bible also predicts that a love of money will lead … Read more

Caplan on Genetic Studies Applied to Grit

I’ve recently been talking about grit. Industrial psychology has some literature deflating grit which I criticized. That is, I have been defending grit. One criticism I gave was that I think some of the genetic claims are incorrect. Bryan Caplan discussed genetic studies at a recent lecture unrelated to grit. His lecture was on Genes … Read more

7 Reasons Degreed and Enterprise Need Academic Validation

I recently wrote about 3 interesting research questions which could leverage Degreed data. These questions are interesting from an academic perspective, but why should Degreed care? This article explains benefits which would accrue to Degreed and its enterprise users upon the publishing of an academic article (a peer-reviewed paper or a dissertation) addressing the aforementioned … Read more