From the monthly archives:

May 2005

Anderson on Hayek on Rawls on Justice

May 31, 2005

For a change, I liked this Elizabeth Anderson post on Hayek and procedural justice. I don’t think she gets anything wrong! But do see Steve Horwitz’s smart comment, which contains worries I share.

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The Minneapolis Airport

May 25, 2005

So clean it’s practically Canadian! Electro-trams!

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He Laid His Firm Calloused Hand Upon My Heaving Alabaster Bosom

May 24, 2005

Joanna’s list of books she’s embarrassed not to have read is the best I’ve seen yet. Possessed by the Sheikh looks pretty great.

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Frankfurt on the Equality Fetish

May 24, 2005

“To the extent that people are preoccupied with equality for its own sake, their readiness to be satisfied with any particular level of income or wealth is guided not by their own interests and needs but just by the magnitude of the economic benefits at the disposal of others. In this way egalitarianism distracts people [...]

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HSA Can You See?

May 24, 2005

Tim Lee has a good post on HSAs in response to this bit of Ygelasiasism. (By the way, if Matt’s claim that HSA’s will hasten the arrival of socialized medicine in America is not a fine, fine specimen of the pundit’s fallacy, then hope has never triumphed over intelligence.)

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More Lucky Thoughts

May 23, 2005

As Jencks and Tach note, (hat tip: Reihan) your economic status is robustly correlated with your parent’s economic status. Is it “luck” that members of the middle-class, for example, pass on middle-class virtues of hard work, the importance of investment in human capital, delayed gratification, punctuality, thrift, etc., to their children. No. Not at all. [...]

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Shut the Luck Up

May 23, 2005

Matt Miller seems to write the same opinion piece about luck over and over again. Maybe if he says it enough times he’ll be right.
Here’s my take on the connection between luck and redistribution.
Reihan Salam over at The American Scene has a very smart post on the Miller refrain, about which I hope to [...]

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Questions for Krugman

May 23, 2005

Krugman says:
There’s a very good reason voters, when given a chance to make a clear choice, increasingly support a stronger, not a weaker, social safety net: they need that net more than ever. Over the past 25 years the lives of working Americans have become ever less secure. Jobs come without health insurance; 401(k)’s vanish; [...]

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Literary Lacunae

May 22, 2005

Julian sends me this meme: “What 5 books are you vaguely embarassed to admit you haven’t read?” Here goes:
(1) Max Weber, The Protestant Ethic and the Spirit of Capitalism. I keep suspecting that my intuitions about markets and culture are closer to a Weberian sociologist than to those of an economist, which makes [...]

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A Rare Triumph for Liberals

May 20, 2005

Here’s E.J. Dionne:
Indeed, the Social Security debate so far has been a rare triumph for liberals: For the first time in a long while, core liberal principles are actually winning in a public debate. The idea that Social Security is an insurance program and not an investment plan is gaining traction.
Why E.J. Dionne thinks deception [...]

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Alan Reynolds on Mobility

May 19, 2005

My colleague Alan Reynolds had an outstanding op-ed in the WSJ yesterday that sheds much needed light on the income mobility hullabaloo.

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Quote of the Day

May 18, 2005

“There is no more justification for using the state apparatus to compel some citizens to pay for unwanted benefits that others desire than there is to force them to reimburse others for their private expenses.”
- John Rawls, A Theory of Justice, p. 250 (rev. ed.)

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The Humbling Kindness of Strangers

May 17, 2005

My housemates are kind souls stirred by the best within the otherwise hard human heart. Do they reach out with a hand full of nutritious grain to starving children? No. Do they seek to ease the suffering of those dispossessed by tsunamis or earthquakes? No. Do they help grant one last wish to tiny unfortunates [...]

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Questions About Income Mobility

May 17, 2005

Questions about income mobility and inequality are much in the news. I’m pretty dissatisfied with what I’m seeing so far, so I thought I’d try to start getting straight on how to think about it.
(1) What is income mobility?
Income mobility is generally measured in terms of jumping quintiles, i.e., changing relative position in the [...]

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“Reality-Based”

May 17, 2005

OK. I’m officially sick of it. The very moment folks started calling themselves “members of the reality-based community,” it made me want to wretch on my Pumas. Why not be honest and call yourself a proud member of the “you’re either stupid or evil if you don’t agree with me community?” I understand the supposed [...]

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The 2009 Shortfall

May 13, 2005

I don’t often have occasion to say that Charles Krauthammer’s latest column is excellent. It’s about Social Security.
As I have been writing for years with stupefying redundancy — and obvious lack of success — this idea is a hoax. There is no trust fund. The past Social Security surpluses were spent the year they were [...]

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Social Security, Now Less Than Ever

May 11, 2005

Does anyone have numbers on what United employees’ retirement benefits would be worth if they had been in a defined contribution plan like a 401(k) all along rather than a broken defined benefit pension? That is what I’d like to know.
Alex Tabarrok has nailed the lesson of the failed United pension plan. Yglesias, on [...]

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More Democracy & War

May 10, 2005

I think I now get what Justin’s saying. The problem with Wilhelmine Germany he mentions–that the democratic body didn’t have control over foreign policy–I think points to the kitten/wolverine problem. To say that a regime is a democracy is not to say much. Democracy, per se, is certainly not a very useful category for social [...]

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Preferring the Peace

May 10, 2005

Via Logan, this Brad Plumer post:
At any rate, I can’t see any real reasons why democracies wouldn’t go to war with each other. Presumably I’ve missed something. But if not, that means the question of why, historically, democracies haven’t bloodied each other up is mostly due to the fact that democracies are a recent phenomenon, [...]

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Barriers to Hedonic Trade

May 9, 2005

The obvious answer to Tyler’s puzzle about why people don’t have more sex is that the cost is not in fact low. It strikes me as bizarre on its face to think of sex as a low-cost activity. Most people don’t want sex, per se, but want sex with a person with whom they want [...]

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Self-Ruled or Rule-Ruled?

May 6, 2005

Yale Law Professor Akhil Reed Amar has suggested:
Divide the state into one hundred equally populous single-member districts, as under the current system. Give each person one ballot and one vote, but within each district, after the votes are cast, don’t just add up the votes and in effect waste or ignore the votes of those [...]

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Ain’t Nothin’ Like the Real Thing, Baby

May 6, 2005

I have a new piece up at Fox News on the the relative political security of personal retirement accounts and the Social Security status quo. Reform obstructionists like to say that the status quo is at least as secure because Social Security is so popular, and, in any case, Congress could just tax the hell [...]

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Notes on Modularity, Value Pluralism, Cultural Variation, etc.

May 4, 2005

I am convinced that the mind is at least moderately modular. The mind is composed of an interrelated suite of neural “programs” selected to solve problems specific to different domains of human activity. I’ve recently been intrigued by the idea that a variety of modules that operate according to different rules might provide some basis [...]

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My Socks are Cold Feet Insurance!

May 3, 2005

Yglesias, guesting over at Talking Points Memo, contests Julian’s claim that it doesn’t make sense to think of Social Security as “insurance” (making some of the same points I made in this TCS column.)
First and most obviously, Social Security provides insurance against disability. Through the survivor’s benefits it also provides a kind of life [...]

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Krugman on Progressive Indexing

May 2, 2005

Thank you President Bush. This is beautiful.
The important thing to understand is that the attempt to turn Social Security into nothing but a program for the poor isn’t driven by concerns about the future budget burden of benefit payments. After all, if Mr. Bush was worried about the budget, he would be reconsidering his tax [...]

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