Twitter Tuesday Challenge

Posted in Uncategorized | Leave a comment

Solar Eclipse Monday

What a time to be alive! If you would like to watch today’s solar eclipse virtually, NASA has a great option; hat tip: Dr Jamie Rodriguez: https://science.nasa.gov/eclipses/future-eclipses/eclipse-2024/. Also, as it happens, today (April 8) is the 50th anniversary of Hank Aaron’s historic 715th home run:

Posted in Uncategorized | Leave a comment

Sunday song: *Seven*

Posted in Uncategorized | Leave a comment

Rapoport’s four rules for criticizing another scholar’s work

Named after famed game theorist Anatol Rapoport (pictured below), here are his four rules:

  1. You should attempt to re-express your target’s position so clearly, vividly, and fairly that your target says, “Thanks, I wish I’d thought of putting it that way.”
  2. You should list any points of agreement (especially if they are not matters of general or widespread agreement).
  3. You should mention anything you have learned from your target.
  4. Only then are you permitted to say so much as a word of rebuttal or criticism.

Bravo! PS: I discovered Rapoport’s rules in part six of this fascinating blog post by Dr Eiko Fried titled “Antidotes to cynicism creep in academia”.

Anatol Rapoport quote: The usefulness of the models in constructing a  testable theory...
Posted in Uncategorized | Leave a comment

Cuba’s Communist Mafia

See here (hat tip: Alex Tabarrok), and the video below (in Spanish):

Posted in Uncategorized | Leave a comment

*The Friedman Doctrine Revisited*

That is the title of my latest work-in-progress — a compilation of some of my previous blog posts on business ethics, along with some new material. Below is the abstract:

In a brief digression in his best-selling book Capitalism and Freedom, first published in 1962, the late great Milton Friedman famously asserted: “There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition, without deception or fraud.” The Chicago School economist then expanded on this simple idea in a short essay published in 1970, an essay whose provocative title said it all: “The Social Responsibility of Business Is to Increase Its Profits.” As it happens, both Friedman’s 1962 digression as well as his lengthier 3000-word essay invoke the name of the great Adam Smith, but Friedman’s invocation of the Scottish philosopher/political economist begs the question, Is the Nobel laureate’s simple profit-maximization model of business ethics the logical conclusion of Smith’s metaphorical “invisible hand,” or is it a dangerous betrayal of Smith’s true moral ideals? This essay will revisit Friedman’s 1970 essay with this fundamental question in mind.

Milton Friedman--The Social Responsibility of Business is to Increase its  Profits.pdf - A Friedman doctrine-: The span class= hit Social . By MILTON  | Course Hero
Posted in Uncategorized | Tagged , , | Leave a comment

Wikipedia Wednesday: Shibuya incident of June 1946

(Not to be confused with the Shibuya incident in Jujutsu Kaisen ( (じゅ) (じゅつ) (かい) (せん)), a manga written and illustrated by Gege Akutami.) Via Wikipedia, links in the original: “The Shibuya incident (渋谷事件, Shibuya jiken) was a violent confrontation which occurred in June 1946 between rival gangs near Shibuya Station in Tokyo, Japan. The years after World War II saw Japan as a defeated nation and the Japanese people had to improvise in many aspects of daily life. In the chaos of the post-war recovery large and very lucrative black markets opened throughout Japan. Various gangs fought for control over them. There were also many non-Japanese “third nationals” in post-war Japan. These “third nationals” or “third-country people” were former subjects of the Empire of Japan whose citizenship then transferred to other countries like China and Korea. The Shibuya incident involved former Japanese citizens from the Japanese province of Taiwan fighting against native Japanese Yakuza gangs. After the fight, the Chinese nationalist government stepped forward to defend the Taiwanese.”

Jev 🥋 on X: "THERE WAS A REAL LIFE SHIBUYA INCIDENT?????????????  https://t.co/Ph3fO7crrw" / X
Posted in Uncategorized | Leave a comment

Not April Fools

The latest issue of EconJournalWatch is available here. (The table of contents of the new issue is also pictured below.) Two articles in particular caught my attention: one calling into question a series of studies by McKinsey & Company claiming a positive relationship between executive racial/ethnic diversity and firm performance (see here); the other debunking a much-cited 2015 Nature article on global temperatures and economic growth (here).

Econ Journal Watch: Scholarly Comments on Academic Economics
Posted in Uncategorized | 1 Comment

April Fools?

Alas, the front-runners for this year’s U.S. presidential elections are a senile octogenarian and a crooked businessman! So, who else is voting for RFK Jr.?

bff90059-4db9-4972-bbec-270b9fe72cf0_1920x1080.jpg
Posted in Uncategorized | 4 Comments

Happy Easter Sunday

By the way, why is Easter Sunday so “early” this year? Via the Royal Museum Greenwich (RMG), “The simple standard definition of Easter is that it is the first Sunday after the full Moon that occurs on or after the spring equinox. If the full Moon falls on a Sunday then Easter is the next Sunday.” This rule of thumb, however, is valid for the determination of the date of Easter in the Western/Catholic liturgical calendar; the date used by Eastern/Orthodox churches can be one, four, or five weeks later! See here.

Cook Is. Easter painting Raphael El Greco Caravaggio 3v 1974 MNH SG#461-63  | Australia & Oceania - Cook Islands, Stamp / HipStamp
Posted in Uncategorized | Leave a comment