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

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トップ新着論争中古い順Q&A

[–]MoneyChurchChairman of the Kennywood Park Central Bank 2ポイント3ポイント  (3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 4ポイント5ポイント  (1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.

[–]MoneyChurchChairman of the Kennywood Park Central Bank 1ポイント2ポイント  (0子コメント)

OK, that makes sense. Thanks!

[–]alexhoyerI used to bullseye Keynesians in my T-16 1ポイント2ポイント  (0子コメント)

Frankly of I think economists would be happy if the public discourse even came to center around the pros and cons of each approach. I don't think one is overwhelmingly superior to the other frankly, by taxes are probably easier to calibrate and would require less overhead/monitoring.

[–]UltSomnia 4ポイント5ポイント  (0子コメント)

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

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

New books on my shelf:

  • Cormen et al, Introduction to Algorithms.
  • Chong and Zak, An Introduction to Optimization.
  • Nocedal and Wright, Numerical Optimization.
  • Burden and Faires, Numerical Analysis.
  • Demmel, Applied Numerical Linear Algebra.
  • Ruud, Introduction to Classical Econometric Theory.
  • White, Asymptotic Theory for Econometricians.

[–]VodkaHazereligion+gvt=economics 0ポイント1ポイント  (0子コメント)

Oh man, I definitely want to get CLRS

[–]VodkaHazereligion+gvt=economics 0ポイント1ポイント  (1子コメント)

So as I've mentionned before, a teacher of mine is trying out a new class this semester, and it basically goes like this:

Read published paper as homework => teacher R1's the paper => next paper

If you people want, I can lay out the papers and his R1 in posts for the sub

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

Yes, please!

[–]laboreconomist3favorite words: labor, unemployment, trade 0ポイント1ポイント  (0子コメント)

Can we refrain from labeling normative statements as badeconomics? I'm surprised the antipapal thread didn't get linked to enough libertarian spam or one of the other metasubreddits.

If I say I want to eat the poor, that's not bad economics. If I say we should eat the poor because I value that from a society, that still isn't bad economics. However, if I say eating the poor will cause gdp growth through increased productivity that is bad economics.

If I say we should help the poor, again not bad economics. I can say people shouldn't be greedy and shouldn't scalp free tickets without any problems. The minute I say that free lotteries are an efficient way to allocate scarce seating then I've crossed into the realm of badecon.

[–]Kelsig 0ポイント1ポイント  (15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.

[–]fmn13Canadian Labor Reserves 1ポイント2ポイント  (0子コメント)

Linkin' Park - In the End

[–]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 1ポイント2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

[–]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 my 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

[–]usrname42There is no God but Keynes, and Krugman is his prophet 0ポイント1ポイント  (1子コメント)

Anything composed before 1940, mostly.

[–]Kelsig 0ポイント1ポイント  (0子コメント)

i too love throat singing