“Borders hamper trade. In its early stages, the political response to globalization consists of removing borders by increasing country size. War is then an appealing way of conquering markets. In its later stages, however, the political response to globalization is to remove the cost of borders by creating international economic unions. As a result, country size declines and negotiation replaces war as a tool to ensure market access.”
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One Small Step Towards a Theory of Pitch Sequencing
The Feedback Loop from Hell
“Because here’s the thing that’s wrong with all of the “How to Be Happy” shit that’s been shared eight million times on Facebook in the past few years—here’s what nobody realizes about all of this crap:
The desire for more positive experience is itself a negative experience. And, paradoxically, the acceptance of one’s negative experience is itself a positive experience.
This is a total mind-fuck. So I’ll give you a minute to unpretzel your brain and maybe read that again: Wanting positive experience is a negative experience; accepting negative experience is a positive experience. It’s what the philosopher Alan Watts used to refer to as “the backwards law”—the idea that the more you pursue feeling better all the time, the less satisfied you become, as pursuing something only reinforces the fact that you lack it in the first place. The more you desperately want to be rich, the more poor and unworthy you feel, regardless of how much money you actually make. The more you desperately want to be sexy and desired, the uglier you come to see yourself, regardless of your actual physical appearance.”
Manifesto for a New American Liberalism, or How to Be a Humane Libertarian
“The essence of real, humane liberalism, in short, is a small government, honest and effective in its modest realm. Otherwise, leave people alone to pursue their non-violent projects voluntarily, laissez faire, laissez passer. But do not ignore other people, or disdain them, or refuse to help them, issuing a country-club declaration of “I’ve got mine.” Humane liberalism is not atomistic and selfish, contrary to what the High Liberals believe about it—and as some misled libertarians in fact talk in their boyish ways as if they believed about it, too. It is on the contrary an economy and polity and society of equal dignity.”
The Roman Loophole That Could
“…the entire edifice of Western civilization – all the cultural, social, and philosophical structures that define the world in which we live today – can be traced back to a stupid loophole in Roman inheritance law.”
Where Do Pro-Social Institutions Come From?
“Wang et al. found that countries and regions vary a lot more in their present bias than in their long-term discount factor.
The above says: how people in the present value rewards they expect to receive (say) 10 years into the future, is pretty similar across the world — although small differences can make a big difference in the long term through compounding. But the degree to which people want things right now, as opposed to tomorrow, varies quite dramatically.
By the way, Russia’s β is 0.21 !!!”
New Research Suggests Why Mid-Sized Animals Are The Fastest
from: July 18, 2017 at 02:00PM
How to Think Like an Economist
“That economics is about people means that economists cannot ethically undertake large-scale experiments. Economists cannot set up special situations in which potential sources of disturbance are reduced to a minimum, then observe what happens, and generalize from the results of the experiment (where sources of disturbance are absent) to what happens in the world (where sources of disturbance are common). Thus the experimental method, the driver of rapid progress in many of the natural sciences, is lacking in economics. This flaw makes economics harder to analyze, and it makes economists’ conclusions much more tentative and subject to dispute, than is the case with natural sciences.”
A guide for people doing media things
“I wanted to put together a short guide for people who have been asked to be in the media—whether called for comment, asked to appear on a podcast or TV show—but are nervous and afraid.”