econbasics   554

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The Grumpy Economist: Links: trade, housing, taxes
Once you add transfers back in again, the US has a much flatter income distribution. We have a more progressive tax system than Europe, with no VAT and lower payroll tax rates, and we do a lot of income transfers.

Greg points out a clever implication of this fact. From the pre- and post-tax and transfer income distribution, we can measure the average marginal tax rate, including the loss of benefits due to program phase out with income:
econbasics 
5 weeks ago by frederikmarain
Pro-Market AND Pro-Business – Econlib
Both economists and libertarians often emphatically state, “I’m not pro-business. I’m pro-market.” What does this slogan really mean?
econbasics  reluctantecon  social-entrepreneurship 
5 weeks ago by frederikmarain
Jaron Lanier on fighting Big Tech’s ‘manipulation engine’ | Financial Times
“I don’t see how any society can hope to survive unless there’s at least some degree of alignment between society’s interests and economic incentives.”
econbasics  social-entrepreneurship 
10 weeks ago by frederikmarain
homo economicus, homo oppressus | orgtheory.net
First, homo oppressus encourages people to see the world as a zero sum conflict. Marx is the classic example. There may be some short term economic growth, but ultimately social classes come into conflict. We also see versions of homo oppressus in feminist/masculinist theories, religious orthodoxy, and critical race theories. It is incredibly hard for someone committed to homo oppressus to understand that life is not zero sum and that many activities can enhance global well being yet still maintain inequality in various ways.
econbasics  social-entrepreneurship 
10 weeks ago by frederikmarain
Software is Eating the World-Tesla Edition - Marginal REVOLUTION
The larger economic issue is that every durable good is becoming a service. When you buy a car, a refrigerator, a house you will be buying a stream of future services, updates, corrections, improvements.
econbasics 
may 2018 by frederikmarain

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