grysar: (Default)
[personal profile] grysar
Slate discusses the new FDA approved medication that can put menstruation on hold. This is not a new side-effect of female birth control drugs, but this is the first FDA approved product that doesn't use the dummy pills. The article does note that this does raise the worry that women will start to be expected to take the medication, whether they want to end their periods or not. The argument there is roughly equivalent to the worry about drugs that could reduce the amount of sleep people need.

Another article in Slate gets to why economists love E-bay. Namely, that it provides a whole lot of data. One discovery was that hidden reserves with E-bay auctions appear to be counter-productive. The experiment was done by selling Pokemon cards both with and without the reserves. This gets to why I'm kind of excited to be in Political Science right now. For a while the field has been moving more towards empiricism. There's a whole lot of exciting new stuff to potentially discover.

On a related note, Christopher Hayes has an article in The Nation on heterodox economists. The article essentially covered how divergence from neo-liberal economic thought tends to result in professional stigmatization. The short summary of the neo-liberal model is that "markets, private property and minimal government will achieve maximum welfare." This is strongly associated with rational choice theory and the every popular Freakonomics. On the whole, the article left me feeling heartened because of its discussion of behavioral economics which is much more based on experimental testing. The heterodox economist weren't quite satisfied, but it still seems like a big step forward to me. On the whole I thought the article was interesting but not compelling. Every field has heterodox researchers that catch some level of social stigma. Often, this is because they're full of crap. Hayes didn't give me enough to tell how solid these heretics are on the research. However, when it comes to developmental economics, I"m still not at all sure that economics isn't like old school doctors that tended to do more harm than good.

That's not to say that I think we should ignore economics. The L.A. Times has a great editorial comparing cap, cap-and-trade, and tax methods of reducing carbon production. I think it makes a compelling case for tax, but that's my longstanding position.

Finally, more arguments about the immigration guest work program. Here's blogger Matt Yglesias for the con side. Essentially he argues that guest workers are worse off in terms of political protections than regular immigrants and so will be exploited. Dani Rodrik makes the pro-case. Essentially if you treat guest workers as having 5% of the value of U.S. workers, than the benefit they gain from their work balances out the wage loss suffered by less-skilled workers.

Here's my compromise proposal:
Don't make a guest worker program. Instead, reimburse immigrants who decide to go back to their native country. This reimbursement could be a taken from of the social security payments that they'll never get back or from fees they paid to get in the U.S. This way, they aren't politically second class but also have an incentive to go home. I think I stole that idea from the Economist, but I'm not sure.

Date: 2007-05-29 11:04 pm (UTC)
From: [identity profile] korgmeister.livejournal.com
I think the "only neo-liberal economists have any credibility" problem is an American thing. We're still ass-deep in Keynesians here in Australia.
(Despite how much I would dearly love them to either go away or shut their noise holes.)

Date: 2007-06-01 09:12 pm (UTC)
From: [identity profile] grysar.livejournal.com
That's true, it is an American phenomenon. Although the Washington Consensus did shape a lot of global economic policy so I don't think I'm being parochial here.

WHO'S THE MAN!?

Date: 2007-05-30 01:00 am (UTC)
From: [identity profile] ninjadebugger.livejournal.com
I've been saying for years that liberal and conservative were going to swap. It's happened before, it's happening again, and it will happen in the future.

Profile

grysar: (Default)
Grysar

April 2017

S M T W T F S
      1
2345678
9101112131415
16171819202122
23242526272829
30      

Style Credit

Expand Cut Tags

No cut tags
Page generated May. 28th, 2025 12:33 pm
Powered by Dreamwidth Studios