Wednesday, January 13, 2016

Links for 01/12/16 | National Catholic Reporter

Links for 01/12/16 | National Catholic Reporter by MSW. MGB: One wonders if Ms. Davis knows that she can't demonstrate during the speech, and will be arrested if she does. As far as I know, she behaved herself. I am sure it was torture for her.



I suspect that everyone at Ave Maria knows what they are getting into.  I am sure there is an apocolyptic literature book club (like my grandmother used to read).



Hopefully some other young snot won't buy TNR.  Of course, when I read political screeds, I favor The Nation.  Long live Greta!



When I was in college, leg warmers were the thing.  My roommate, Frank, had a particular fondness for how they looked - kind of like yoga pants to do now.  Markets are about commodities, but they are also about human tastes and preferences.  Don't blame economics for the fact that people behave shamefully - especially capitalists who wring every dollar out of both workers and consumers they can.  The problem there is market failure - oligopoly, oligopsony (in labor), monopoly, monopsony, and to a lesser extent monopolistic competition and monopsonistic competition.  Both of the last two have product differentiation as a key factor separating products and individuals.  Which is why the white guy gets hired most of the time, as well as the younger guy.  Note may repeating the word guy - especially when the air gets rarer in the Executive Suite.  Oddly enough, a coopertate socialist model may be the closest we can get to pure competition in labor markets - as those things like education and longevity can be priced separately by paying the tuition of workers and giving stock rather than a pay raise every year.  If you are looking for a third way, that is it.

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