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BadEconomics Discussion Thread, 26 September 2015 (self.badeconomics)

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[–]UltSomnia 3ポイント4ポイント  (0子コメント)

So I dropped real analysis. Guess I can't be a micro theorist anymore.

[–]Kelsig 0ポイント1ポイント  (13子コメント)

What music do y'all listen to?

Edit: I don't know why I didn't list some of my favorites.

Kanye West - Say You Will

Swans - A Little God in My Hands

FKA Twigs - Preface

Igorrr - Tout Petit Moineau

Mosh - Yokai

Death Grips - Takyon

Bernie Sanders - This Land is Your Land

Pusha T - King Push

[–]UpsideVII 2ポイント3ポイント  (1子コメント)

Random Access Memories on repeat.

[–]Kelsig 0ポイント1ポイント  (0子コメント)

Daft Punk is one of my favorite artists, been listening to them since Discovery came out.

[–]wumbotarianmodeled as if Noah Smith was a can opener 0ポイント1ポイント  (1子コメント)

EDM

[–]Kelsig 0ポイント1ポイント  (0子コメント)

When it comes to gritty dance music I really like the late 2000s french stuff.

[–]neshalchanderman 0ポイント1ポイント  (0子コメント)

Shuffles playlist:

  1. Collin Raye - If I were you.

[–]lorentz65DEMAND FOR THE DEMAND GOD! 0ポイント1ポイント  (0子コメント)

Hip hop

[–]fmn13Canadian Labor Reserves 0ポイント1ポイント  (0子コメント)

Linkin' Park - In the End

[–]Lambchops_Legion 0ポイント1ポイント  (0子コメント)

Weird shit

[–]MoneyChurchChairman of the Kennywood Park Central Bank 0ポイント1ポイント  (0子コメント)

Spotify playlist "Indie Pop!" has been go to lately.

[–]wshanahan 0ポイント1ポイント  (2子コメント)

Meow the Jewels.

[–]Kelsig 0ポイント1ポイント  (1子コメント)

I haven't gotten to listen to it yet :(

[–]wshanahan 0ポイント1ポイント  (0子コメント)

It's actually pretty good.

[–]IntegraldsI am the rep agent AMA 0ポイント1ポイント  (0子コメント)

Trance/progressive/etc.

Touhou remixes. I dedicated my first-year macro notes to the House Set of Subterranean Animism and my econometrics notes to the House Set of Perfect Cherry Blossom. Most of my work last summer was coded under the influence of Infect Paranoia.

Tool.New album never

[–]MoneyChurchChairman of the Kennywood Park Central Bank 0ポイント1ポイント  (1子コメント)

Why do economists tend to support a carbon tax instead of cap and trade? To my understanding, the main difference is that with a carbon tax, the regulatory authority has to pick the optimal price of carbon while with cap and trade, it has to pick the optimal quantity of carbon. Either option runs into a Hayekian knowledge problem. And I can't imagine that transaction costs would be a significant problem for cap and trade to reach an optimal allocation if carbon rights are traded like other securities.

That said, I know very little about environmental economics.

[–]say_wot_againConfirmed for Google bigwig 0ポイント1ポイント  (0子コメント)

To set the carbon tax, one only needs to know the marginal social cost of more carbon pollution. To set the cap and trade limit, one needs to know the level of carbon pollution at which marginal social cost equals marginal social benefit, which implicitly requires knowing both marginal social cost and marginal social benefit.