by Tyler Cowen
on April 26, 2012 at 11:55 am
1. Travel dating.
2. Markets in everything the culture that is Japan.
3. Polygamy price discrimination.
4. What does a highly leveraged university look like?
5. ZMP chickens?
Beautiful people travel free? Looks like just the place for prostitutes to meet wealthy johns.
Great article on the founder of misstravel.com from MIT: http://tech.mit.edu/V131/N34/normandin.html
A pretty big scumbag.
The op-ed is a bit mean spirited but calling the writer a “scumbag” seems a bit strong. He’s just stating his opinion.
I don’t think he is calling the writer a “scumbag” ; I think he is calling thr founder of misstravel a scumbag.
I believe the point it to make payment more efficient. Let’s say I’m renting a hotel room. I could have a companion at zero marginal cost to myself (I’m already paying for the room). While it costs me nothing the lodging would be worth something to the whore. Thus, I can “pay” her in something valuable to her even though it actually has no real cost to me.
This site is creating value out of nothing. The alternative is guys calling up the local whorehouse, whose women gain no utility from being able to visit a new place for awhile.
You are assuming that a hotel room with you in it will be percieved as having positive net value to a prostitute. That is not in fact the case even if you are Richard Gere in “Pretty Woman”. It is even less the case if you are inclined to think that “whore” is the appropriate term for the woman you propose to share a hotel room with. As with virtually all of that site’s customers, your marginal cost will include a substantial cash outlay.
4. That’s quit the clarification.
Nido Qubein’s “base pay of $598,000 puts him in the top 10 percent of 519 private institution presidents surveyed by the Chronicle of Higher Education last year.”
Robert J. Gee, who is the “president” of National Graduate School of Quality Management with 400 part-time students and who made $732,891 in compensation two years ago, could show Quebin a thing or two.
Your friend Matt, also “one of the best economists of our age” according to you, has written something remarkably uncharitable and stupid about Greg Mankiw.
“Now Mankiw’s overall argument is that because of population migration we ought to favor decentralization, because decentralization will make it impossible for the government to raise the living standards of the least-fortune people. That strikes me as a morally perverse perspective, so I’m not really sure how a clearer understanding of land use issues would change his thinking. “
I always wish I could hate GM, but I rarely can.
I see a new book in the making. An Economist Goes To A Brothel.
If you see the place is full of attractive women, think twice.
Still sound advice. Don’t go to brothels that offer great dining. It’s not the kind of service you’re looking for.
3. Why is it that the British who colonized South Africa and Australia seem to have had a better sense of humor than the ones who colonized the U.S. and Canada? Is it just Puritan ethics?
4. Signaling in higher education isn’t confined to art history (or worse- women’s studies!) majors at northeastern liberal arts colleges? Preposterous! Every Internet Commenter Ever should file a complaint with BBW, as they’ve clearly got their facts wrong.
As a well-informed outsider close to members of the Board of Trustees of High Point University, I can say with confidence that the Board of Trustees as currently constituted is not sufficiently sophisticated to manage the degree of leverage the school has taken on. Whenever I have raised the leverage issue with people close the “University,” they demonstrate a complete lack of understanding for the risks associated with borrowing against future cash flow figures that are based on very aggressive enrollment and tuition growth. A response I typically hear is “look around,” meaning, “look at all the shiny shit that the president has built and all of the overpaid speakers we bring to campus.” Before that it was, “but it has not affected our borrowing costs.” The whole thing disgusts me.
So when the SHTF maybe Larry Summers can call a meeting at The Fed. There may be nothing with less intrinsic value than a university…not counting banks.
If the chickens are ZMP, why is someone paying to board them? Clearly they are providing someone some value, even if that is just the satisfaction of one less dead fowl.
Nope, those are just being fatted to be fed to the dogs who will be featured in “a President gets lunch”
(yeah, really bad)
Perhaps the chicken article could have been placed under “There is no Great Stagnation”.
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