May Day

Markets or diktats? Our friend and colleague Ilya Somin recently reiterated his call for repurposing May 1st as “International Victims of Communism Day.” We want to be the first to second his modest proposal …

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Good riddance

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Anchor effects in philosophy

Gregory Lewis poses the following intriguing question in this thoughtful and original essay/blog post: where are the 13 Platos in modern Attica? Here is an extended excerpt from his essay: Continue reading

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Clock wall

Thank you Luke and Shana for inviting us into your home.

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A three-bathroom solution?

The State of North Carolina recently enacted a controversial law limiting the legal rights of “transgender individuals.” The law prevents such persons from using public restrooms that don’t correspond with the gender (male or female) on their birth certificates. (By the way, although the North Carolina law allows private businesses to create their own wash room policies, practically speaking this law is unenforceable. After all, who carries around their birth certificate?) In any case, Tyler Cowen, one of our favorite public intellectuals, has written up a thoughtful post about the N.C. law on his hyper-blog Marginal Revolution. Specifically, he poses the following legal question:

Should there be a legal definition of who is a transgender person and why? 

But is this a legal problem or an economic one? From a Coasian perspective, we think he is asking the wrong question. Instead of asking what it means to be transgender, shouldn’t we be asking a different question, i.e. who pays?  After all, if elected officials in North Carolina care so strongly about this issue, why don’t they just allocate sufficient funds from the state budget to retrofit all public buildings with three sets of bathrooms? (Yes, collecting taxes to pay for extra restrooms is coercive, but our three-bathroom solution is less coercive (and more practical) than telling people which bathroom to use.)

Image Credit: Wikipedia

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“Letter distribution” (secondary Scrabble markets in everything)

With apologies to Marginal Revolution! (photo credit: F.E. Guerra-Pujol)

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Visualization of counterfactual history (Pres. Trump edition)

Write your own caption …

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If cars could fly …

Artist Credit: Cy Kuckenbaker

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Read a poem … Or write one up!

April is National Poetry Month! (Picture Credit: F.E. Guerra-Pujol)

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Console Collection

Well, I'll be damned. That's one awesome console collection!

What? No Virtual Boy? (Image Credit: Narendur.)

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Facebook Postscript

This semester, we reenacted many pivotal scenes from the film “The Social Network” — and we read Ben Mezrich’s book “Accidental Billionaires” on which the film is based — in order to explore in-depth many legal and ethical issues in the business world. The movie, which was released in the fall of 2010, ends with the following epilogue:

Facebook has 500 million members in 207 countries. It’s currently valued at 25 billion dollars. Mark Zuckerberg is the youngest billionaire in the world.

That was before Facebook’s initial public offering (IPO) in 2012. Today (spring of 2016), Facebook has three times as many active users (over 1.49 billion) and is valued at over 200 billion dollars! 

(By the way, for our last class (4/25), students may volunteer to present their final projects in class. Each student or group of students, as the case may be, will be allocated a maximum of five minutes to make their presentations. The class as a whole will select the best final project, and the professor will feature the winning final project on his blog.)

Image Credit: Quartz

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