Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Friday, July 13, 2007

Ethics and Consumption

SO it's easier for me to go to the store and get potable Fijian water than it is for a Fijian, living in Fiji, to do the same.

cf. Steven Landsburg's argument that not consuming is the same as performing undirected, random acts of generaosity or charity.

cf. Prof. Dierdre McCloskey's contention that ethical consumption does not = the downfall of our modern capitalist economic system. Relevant passage:
"Nothing would befall the market economy in the long run if we tempered our desires down to one car and a small house and healthy foods from the co-op."

Saturday, April 28, 2007

Draft Day

the NFL draft is today. I just wrote a paper on how the draft is like any economic bubble--specifically the Dutch Tulip bubble, but whatever. The point is that no matter how much informmation is available about a player, what matters more to that player's value as a draft pick is the talk about that information, and the force of history. Why else so many WR taken in the first draft when so many f them are busts? I mean, Marques Colston was like a 6th round pick and I'd take him over any of the WRs taken over him last year.

I wonder if I should ust present this paper on wednesday instead of the paper I have yet to write.

UPDATE: Calvin Johnson, GaTech WR, just went #2 overall. Will he be a Torry Holt or a Marcus Nash? Keep in mind he was drafted by Detroit (http://www.coldhardfootballfacts.com/Article.php?Page=776)