To begin, a meddling externality is where others would be willing to pay in order to change or outlaw the behavior of others, essentially people are willing to pay in order to meddle in the lives of others. In practice this kind of externality is no different than being willing to pay for breathing less… Continue reading Maybe Not Meddle with Meddling Externalities
Author: Titus Alexander
How to be a Happy Sisyphus
This story is old enough that I finally feel comfortable enough sharing it. Sometimes it feels like I am cursed. I have a disease known as Ehlers Danlos III, which affects connective tissue, making it weaker. It isn't all downsides, as my extremely elastic nature has likely saved me from broken bones on more than… Continue reading How to be a Happy Sisyphus
What is a Moral Requirement?
You are walking home. In your pocket is the new iPhone XVIII plus, which cost you $2000, but it will be so worth it when everyone sees how cool you are. I mean, the new phone is a bit big, and it is stuck in your pocket currently, but just wait until you get a… Continue reading What is a Moral Requirement?
Repugnant Repugnancy
The repugnant conclusion is one of the clearest cases of realms where our natural moral intuition won't work. It is very easy to picture happier people it is impossible to meaningfully picture more people. We can't even feel a difference between the idea of a thousand people dying and millions. Our intuition is important but… Continue reading Repugnant Repugnancy
What Does More Mean?
Economic efficiency has some potential flaws, flaws I will certainly discuss but unfortunately most of the critiques of efficiency are not grounded on any real understanding. I still remember reading an article against "economic efficiency" that argued we should focus on higher quality rather than more which is... Anyway without further ado a crash course… Continue reading What Does More Mean?
King Midas and the True Nature of Money
I am going to tell you a famous story from Greek mythology that helps illuminate the truth of money. King Midas one day saved the son of Dionysus, one of the major gods[1]. In order to show his thanks to the King, Dionysus offered to grant Midas a single wish. Midas, being covetous by nature,… Continue reading King Midas and the True Nature of Money
Are True Altruists Monsters?
"Unbridled altruism is a huge vice of mine,' he explained. 'I simply have to do good. I am a sensible dwarf, however, and know that I'm unable to do everyone good. Were I to attempt to be good to everyone, to the entire world and to all the creatures living in it, it would be… Continue reading Are True Altruists Monsters?
Fun Trade Facts
The US gets only 8% of its oil from the Middle East (consume about 2/5s from our own production) The US imports only 2% of its steel from China. (consume 2/3rds from our own production) China only has a .7% trade "surplus" overall The EU has the world's highest trade surplus, and 8.4% unemployment Imports… Continue reading Fun Trade Facts
Of Money
It is often said that money is the root of all evil. Let us then try to imagine a world where it doesn't exist. Right now, every day, you interact with millions upon millions of people who are just as unaware of you as you are of them. The simplest product you could possibly… Continue reading Of Money
Homo Economicish
Homo Economicus- noun ECONOMICS another term for economic man. "using rational assessments, Homo economicus attempts to maximize utility as a consumer and economic profit as a producer" Homo Economicish- noun ECONOMICS... mostly a term for economic man with a lot of bleeding in from real world complication. "using tools forged from evolution that generally sought optimality for… Continue reading Homo Economicish
Homo Economicish 