Contra Authoritarian Contribution Rules

This article contains technical meta-guidance based on my personal experience. I haven’t seen scholarly research for or against this guidance, but I would expect it to move in the same direction. This guidance is meant to be leveraged in general as a default best practice, but there may be times where exceptions are justified. The … Read more Contra Authoritarian Contribution Rules

Kaldor-Hicks Problems

This article discusses notions of economic efficiency, notes a main one employed by applied economists to be Kaldor-Hicks efficiency, and discusses a few issues with that concept. Here are some kinds of economic efficiency: Pareto efficiency – loved by theorists but not feasible It means a move which improves utility of at least one agent … Read more Kaldor-Hicks Problems

Technical Efficiency is So Underrated

This article anecdotally rants about how libertarians, economists, and others pay lots of attention to utilitarian efficiency and very little to technical efficiency. Refresher: Technical efficiency means that a given level of output is produced using the least-cost set of inputs. Economics has strong evidence for the astonishing claim that competitive economies will produce with … Read more Technical Efficiency is So Underrated