Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Tuesday, February 14, 2012

Quote of the Day

Paul Krugman:

Nobody — not William Julius Wilson, not Larry Mishel, not yours truly — denies that the bad effects of reduced opportunity would be much less if people always did what was in their best long-term interests. But people often don’t, which is why loss of economic opportunity can be socially as well as economically destructive. That’s not crude materialism, it’s saying that people are human.

Emphasis added.

 I just want to point out PK's implicit denial that people are 1) utility enhancing agents, 2) forward thinking, and 3) perfectly rational.

Of course, people who do believe these things also claim Krugman is an idiot.  Go figure.

That is all.


The Arthurian said...

Good post! I like the way you bring the action to a peak and then suddenly slam the door. Nice.

But I think I missed the meeting where we all agreed on exactly what constitutes our "best long-term interests"...

David Andolfatto linked to my stuff!

Jazzbumpa said...

Ah, thanks.

But I think I missed the meeting

My life experience is that these assessments can really only be given ex ante. Even when you think you know what your doing, plan carefully, and work smart, the wheels can come off.

When your flying by the seat of your pants, it doesn't get a lot better.

I'll comment on Adolfatto back at your place.