The visible hand in economics

Archive for the ‘Other’ Category

Ed Prescott has written some pretty brainy stuff in his time. I’m particularly a fan of his work on dynamic inconsistency in economics with Finn Kydland. But, here we see why you should not make heroes of people. Read the rest of this entry »

After seeing Adam Smith at the Inquiring Mind reach 2,250 posts here, I decided to check my own post number. I noticed that I hit 500 posts with this one.

As a result, I expect some beers from Rauparaha, Agnitio, and Goonix on Saturday πŸ˜‰

This post is the 678th post on this blog overall. Note that we will be changing the format soon – so keep your eyes peeled πŸ˜›

Copyright Β©


I saw the new Bond flick, ‘Quantum of Solace’, over the weekend and I was amazed at how progressive it is. No longer does our alpha-male hero wreak destruction upon villains with moon bases, bent on world domination. His latest homicidal rampage is to prevent a new terror: oligopoly pricing. Read the rest of this entry »

It appears someone has created a site that copies our entire posts.

I have tried emailing the guy – but I didn’t get any response. What do you guys think we should do?

Update: So we have agreed it is a spam blog, and we should put a copyright on our site and posts.Β  Interestingly, when I looked up the site on Technorati I noted that the Standard links to “invest on credit” as well as us (both under “other blogs”) – random!Β  They would have linked because of the “quality” New Zealand content methinks πŸ˜‰

In what could become an awesome resource for creating economics post, we have found Debatepedia.

We discovered the site after we found it linking to a post we did on progressive taxes in support of the argument that “progressive taxes adjust for random factors in wealth“. The full progressive tax debate is here. It is awesome how it provides background and short quotes summarising the arguments – while also providing links for people that want to get their hands dirty.

Truly awesome, and a great way for you guys to quickly find good counter-arguments to any dodgey points I try to make – not that you guys need any help πŸ˜‰

So we’ve been tagged by MandM (explaination of it here).

The rules are:

  • Link to the person who tagged you
  • Post the rules
  • Share seven random or weird facts about yourself
  • Tag 7 random people at the end of the post with their links
  • Let each person know they’ve been tagged by leaving a comment on their blog

So, lets give it a go (note this post is under-construction πŸ˜‰ – we will add “tags” later)

Read the rest of this entry »

I just re-ran the “typealyzer” and our blog type changed considerably (from here):

ISTJ – The Duty Fulfillers

The responsible and hardworking type. They are especially attuned to the details of life and are careful about getting the facts right. Conservative by nature they are often reluctant to take any risks whatsoever.

The Duty Fulfillers are happy to be let alone and to be able to work int heir own pace. They know what they have to do and how to do it.

I am not sure that represents the nature of the blog at all πŸ™‚

Hello avid TVHE readers

Given that we are currently constrained to use wordpress themes (we will get our own hosting eventually and go custom), we keep a watch on the new themes that get added to see if any are more functional/look cooler then our current one.

One that appears to be a little more functional (I’m not sure I would say it’s cooler as it is a little girly!) has been released and we thought we would we would give it a go and see what you guys think.

The comment and post links on the right are a lot clearer and the posts also show the author, category and number of comments quite clearly at the beginning. Quotes are demarcated in text and it just feels a little less cluttered.

Please, let us know what you think!

Yay, we’re the 15th happiest country in the world! Unsurprisingly, while money makes us happy, it doesn’t really matter once you earn over 15,000 USD/capita. What really matters is trust, tolerance and religion, apparently. Being religious makes you seven percentage points happier on average, which probably explains Saudi Arabia’s unusual happiness in the face of such intolerance.

And now for the big picture(s)! Read the rest of this entry »

At Typealyzer they have they have a tool that finds out the personality type of a blog (ht Greg Mankiw).

Given that this is a mainstream economics blog the result was unsurprising – INTJ – The Scientists. Here is the description:

The long-range thinking and individualistic type. They are especially good at looking at almost anything and figuring out a way of improving it – often with a highly creative and imaginative touch. They are intellectually curious and daring, but might be physically hesitant to try new things.

The Scientists enjoy theoretical work that allows them to use their strong minds and bold creativity. Since they tend to be so abstract and theoretical in their communication they often have a problem communicating their visions to other people and need to learn patience and use concrete examples. Since they are extremely good at concentrating they often have no trouble working alone.

I’m back now, I will attempt to answer the comments that have turned up in posts over the next week.

I’ve noticed that New Zealand elected a National government while I was away – very interesting.Β  Labour really did get hammered – I think that ridiculous advertising campaign about whether John Key could be trusted backfired.

I also noticed that the other authors wrote a number of very interesting posts.

I have a ton of reading to catch up on now, hopefully I can come out with comments and posts over the next few days.

TVHE is a bunch of current and former Wellingtonians so, via The Wellingtonista, here is a map of how we voted down here.


Tom at The Wellingtonista has done an amazing job with the data so click the map to see a detailed breakdown by polling booth. Read the rest of this entry »

Update: Thanks to the journalistic skills of Kimble and StephenR we know this chart is a hoax, it has however sparked some amusing comments on the IQ/party matches for NZ:)

While procrastinating doing work on the weekend I found this little stunner

Would be interesting to see a similar exercise for the 08 election


Matt is away for the next two weeks.

There will still be posts from me – which are time delayed.Β  However, my response to any questions will also be significantly time delayed as I will not have access to the internet.

Other authors will be posting and commenting while I am away – I just wanted to inform you that if I don’t reply it is because I am not here, not (just) because I’m a bastard πŸ˜‰

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