I wrote twice previously about Uber jacking up prices in an emergency in Sydney, Australia (I, II). In both cases, I have pointed out that in addition to it being rational for many (and perhaps even the majority) to prefer non-surging in emergencies, it’s also totally plausible aggregate utility, measured in [...]
Most major companies in this country are owned by capital unions whose members are called shareholders. The members of the capital unions cast votes in elections in order to guide the direction of the companies. Among other things, the members of each particular capital union help to select a Board of Directors, which is then [...]
I don’t write about gentrification, but I read about it often. Most of what I read about gentrification is less lucid than I’d prefer, generally because it is vague, myopic, or needlessly narrative. This has started to bug me, and so I figured I’d try my own hand at writing about the topic.
I’ve never seen someone get as thumped as Sumner in this weird exchange (him, me, him, me, him). It’s gotten a bit complicated now, as he’s shifted his position so many times. So it’s probably easiest to start with the certain victories.
First, Sumner has [...]
Earlier, I responded to Scott Sumner’s rather strange armchair attempt to act like my standard form of poverty statistical analysis was off. It wasn’t and still isn’t. After posting my response, Sumner has another really bizarre post about the topic, which I will address here.
Like the first post, this new [...]
I am not really sure what Scott Sumner is all about these days. Many years ago, he was like “monetary policy should utilize an NGDP target” and people were like “that’s an interesting thought.” But now, he’s kind of gone into mission creep mode where he comments on things that he’s not so [...]
To rehash the basic idea: structural poverty refers to poverty that is derivative of the way that we have structured our [...]
Bryce Covert has a piece about a poor person finally being allowed to testify at Paul Ryan’s very serious and earnest inquiries into the War on Poverty. Apparently, Republican Todd Rokita (who?) thought he’d be a real dick to the person, and the result was pure genius:
He gave a “theoretical example” in [...]
Peter Frase wrote this piece about class and the Left. I put out a short response to it when it came out. There are lots of parts to it, and I hesitate to summarize it for that reason. But, basically, he objects to those who say class is different than race [...]
Peter Frase wrote a post on class identity, among other things. The piece critiques the familiar claim that class is different from other identity categories like race and gender because the proper leftist aim is to create a classless society, not a merely class-inclusive society.
Frase claims that “class” as used in the [...]