On my most recent trip to the AEAs I was reminded
of the rules governing the "book room" where publishers, policy groups, and
computer programs show their wares to economists. During past visits to
this room this seems to me to be nothing more than advertising. This year, I did
not register
If you already know the correct answers better than the professor why are
you taking the class instead of teaching it?
JC
-Original Message-
From: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Thursday, January 09, 2003 7:41 AM
Subject: Re: News Cove
There is an article in this morning's Wash Post that disputes the value of
the recent Nobels awarded to professots at GMU and VCU to their respective
institutions.
"Still, David W. Breneman, dean of U-Va.'s education school and a scholar of
higher education, said the Nobels signify little
.
_
John-Charles Bradbury, Ph.D.
Department of Economics
The University of the South
735 University Ave.
Sewanee, TN 37383 -1000
Phone: (931) 598-1721
Fax: (931) 598-1145
E-mail: [EMAIL PROTECTED]
http://bradbury.sewanee.edu
- Original Message -
From: "Robin Hanson" <[EMAIL P
I tried to send the to the list earlier, but it has not
gone through according to my records. If this is a repeat message, I
apologize.
"There is no such thing as free blood."
See this story below from The Charlotte Observer.
> Speaking from a student's perspective, I am not basing what I plan to
study in college on the salaries that profession makes. Those of us who want
to be in academia are usually not the same people who pay a lot of attention
to money. I do not want to study economics to make money, but to study
An article in today's Chronicle by Robert Wright http://chronicle.com/weekly/v48/i31/31b02001.htm poses
the obvious economic solution to the glut in the History PhD market: cut
wages. He argues that cutting salaries eliminates non-price rationing and
makes the market more efficient. However
eople with GOOD organs have are
encouraged to provide organs to the market due to monetary rewards. A
person with GOOD organs gains little from reciprocal agreement, because he
is less likely to need a transplant, but he WOULD be an excellent donor.
JC
_____
John-Charles Bradbury, Ph
>Indeed the policy is essentially as efficient as pricing >organs.
Please explain further on this point. Certainly, it is better than the
current situation, and the political objections are minimized. But I don't
think its efficiency properties rival market efficiency.
Among the participants in
>This, of course, increases transaction cost, but certainly not enough to
>exceed the gains from trade. But I still believe you would have an adverse
>selection problem--those from whom you would least like to have a donated
>organ would be the most likely to sell theirs. Religious groups, of all
>JC,
>I am not at my home computer so I cannot reply to the list. Your
>solution of ex-ante payment (premortem) for an organ creates a moral hazard
>problem, doesn't it?
>
>Mark Steckbeck
>
Mark,
I assume you mean that individuals who sell their organs in good health will
then change th
e get your
organs when you die." The fee paid could be based on risk and health
factors.
JC
_________
John-Charles Bradbury, Ph.D.
Department of Economics
The University of the South
735 University Ave.
Sewanee, TN 37383 -1000
Phone: (931) 598-1721
Fax: (931) 598-1145
E-mail: [
> How about asking some photographers?
>
Armchair economics is not a contact sport.
JC
_
John-Charles Bradbury, Ph.D.
Department of Economics
The University of the South
735 University Ave.
Sewanee, TN 37383 -1000
Phone: (931) 598-1721
Fax: (931) 598-1145
ood a job.
This external cost argument raises the question of why the photograoher does
not offer sell at a price that will compensate for lost revenue from a
damaged reputation.
JC
_
John-Charles Bradbury, Ph.D.
Department of Economics
The University of the Sout
- Good to see you around DeBacker.
_____
John-Charles Bradbury, Ph.D.
Department of Economics
The University of the South
735 University Ave.
Sewanee, TN 37383 -1000
Phone: (931) 598-1721
Fax: (931) 598-1145
E-mail: [EMAIL PROTECTED]
- Original Message -
From: "Jason
Two things. First, I will grant the incentive structures of intellectual
discussions may not be the exact same as market incentives. However, the
incentives are quite similar. Certainly, if there is a mass market failure
occurring in the academic literature, there needs to be a more specific
t
What "certain institutions" does Science lack that markets have?
_
John-Charles Bradbury, Ph.D.
Department of Economics
The University of the South
735 University Ave.
Sewanee, TN 37383 -1000
Phone: (931) 598-1721
Fax: (931) 598-1145
E-mail: [EMAIL
> Markets do very well at allocating goods like coffee or gasoline or
clothes
> in the short term because of their flexibility in response to short term
> preferences. They don't do well in things like supplying housing in proper
> configurations and locations because housing is a durable good th
Small states may get more, but not necessarily because of Senate
representation. If the Senate were the sole legislative body this might be
the case.
Efforts to devide the budget among 50 states equally must also pass the
House. The House will not be so favorable that devide the budget by state
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