How To Compare Incomes Across Countries

Comparing incomes across countries poses certain difficulties: incomes are paid in different currencies, products have different prices, tax levels are different, and benefit levels are different. Many years ago, economists came up with a decent-enough way to cut through most of these problems: figure out the prices in local currency amounts for a given consumption… Continue reading How To Compare Incomes Across Countries

Marx Was an Obsessive Wonk

Someone sent me this piece today from Charlotte Bancroft at The Bellows. The piece is titled “The Consumerist Mediocrities of Millennial Socialism” and then subtitled “Karl Marx opposed the wonkish, empirical nature of bourgeois socialism. So why do so many Millennial socialists celebrate it?” The title is whatever. The subtitle is utterly baffling. Karl Marx… Continue reading Marx Was an Obsessive Wonk

Racial Politics in Schools

I am not terribly interested in the question of why Terry McAuliffe lost the gubernatorial election in Virginia. As is typical with these things, post-election analyses tend to revolve around the hobbyhorses of the analyzers more than anything else, making the whole thing not terribly enlightening for people who are trying to get some kind… Continue reading Racial Politics in Schools