Assorted links

by on December 27, 2009 at 2:47 pm in Web/Tech | Permalink

1. Evidence for recalculation theories.

2. Markets in everything, "pour chiens."

3. Recessions breed future redistributionists.

4. On Twitter, crime_economist.

5. Twenty things that happen in one minute.

athelas December 27, 2009 at 2:56 pm

More interesting is every minute, how many people are engaging in the acts that lead to AIDS infection and babies.

Barkley Rosser December 27, 2009 at 5:28 pm

Regarding the recalculation theory, those pushing it usually argue that this is a sign of the wonderfulness of market forces and how all this is just good old Schumpeterian creative destruction at work, and that we should stand back and let ‘er rip with a minimum of intervention (even to smooth the adjustment of those permanently laid off). However, if all this recalculation is so great, why was it that housing took off so vigorously after the 01 recession?

Robert Ayers December 27, 2009 at 6:27 pm

The “twenty things” page is poor: a) the “things” are not “things”, just rates, so it could have been “in an hour …” just as well; b) as a previous commentator noted, it is a mix of US numbers and unstated perhaps world numbers; c) the graphics are silly: “man pointing gun at driver” is not a car theft, it is a car-jacking and Wikipedia and other sources suggest that in the US there are not two but about 0.1 car-jacking attempts per minute, only half successful.

Andrew December 28, 2009 at 3:00 am

Barkley,

Surely this might make an impression.

holmegm December 28, 2009 at 9:10 am

20 things … ah yes, the United States and it’s supposed monopoly on violence and (purported) economic unfairness.

It’s amazing how … parochial … the supposedly worldly-wise left is.

MicroNomics December 28, 2009 at 10:20 am

20 Things….

Remember what your mother said. “Finish your dinner. Don’t you know there are starving children in Africa!”

Alternative title:

“Zero Sum Games”

Leigh Caldwell December 28, 2009 at 11:21 am

Regarding recalculation – it is surely a truism that people shift from one sector to another over time. The question is how this can be specifically linked to recessions, and I don’t think Lawler’s evidence demonstrates this convincingly.

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