“There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.”
When dealing with the economic effects of a policy it is paramount that we are able to see the unseen. In my debate with Mr. S last week several studies on minimum wage effects were referred to but not sufficiently analyzed (my bad). Especially in regards to the Krueger & Card study, it is important to realize that economists with an agenda will make the info say what they want the info to say. For example: the gender gap!
An English essay. Because everyone loves to read those in their spare time, amirite?
-Written October 2012
I know that my as-yet-nonexistent daughter will one day get her driver’s license. I know that she will blow out candles on a cake at her birthday party. I know that she will have hair on her head and calcium inside her bones. Have I just removed all free will from her life? Have I doomed my future child to be pushed about by determinism? Or is it that perhaps free will is not the opposite of determinism? There rages on a great philosophical debate about free will vs. determinism, with some arguments stretching back to Lucretius1 and earlier, and with some arguments being as recent as those put forth by the behaviorist B.F. Skinner. The idea that the two concepts cannot exist at the same time is called “Incompatibilism,” but this artificial dichotomy can be demonstrated to be fallacious. We shall see that free will and determinism are not actually at odds with one another.