Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Tuesday, January 26, 2010

Wednesday, July 29, 2009

Computers & 'Soft Despotism'

... the computer comes to represent an ideal, in light of which real thinking perversely begins to look deficient. Thus, when the postindustrial visionary reasons from the fact that complex systems involve "the interaction of too many variables for the mind to hold in correct order simultaneously" to the conclusion that "one has to use algorithms, rather than intuitive judgments, in making decisions," he argues from the fact that the mind does not do what a computer does to an assertion about the incompetence of the mind. This seems to express an irrational prejudice against people.

- Matthew B. Crawford, Shop Class as Soulcraft [171]

Monday, July 27, 2009

Revenge on Ghost-boxes!

A fascinating study of the diminishing supply of petroleum and its benefits (!) is Christopher Steiner's $20 Per Gallon: How the Inevitable Rise in the Price of Gasoline Will Change Our Lives for the Better. Not only will Mom-and-Pop stores begin to ascend again as gas prices make travel less tenable, but the "big-box" stores ('Ghost-boxes', Steiner calls them) will stand vacant after $14 per/gallon gasoline.

See here for a Forbes review, "Revenge on the Big Box."

Wednesday, July 15, 2009

Subsidiarity: A Primer

Brad Miner (The Compleat Gentleman: The Modern Man's Guide to Chivalry) writes,
Subsidiarity matters to me, and it's useful to recall this core principle of Catholic social teaching (and of American federalism), especially this week, as Benedict XVI releases his third encyclical, Caritas in Veritate ("Charity in Truth"), which is expected to address the subsidiarity principle in the context of the global financial crisis.

Here's what I wrote about it a decade ago in my book, The Concise Conservative Encyclopedia, sandwiched between entries on Strauss, Leo (1899-1973) and Sumner, William Graham (1840-1910):

subsidiarity: A term (the Latin subsidium for aid, help) from Roman Catholic social philosophy which expresses the view that, whenever practicable, decisions ought to be made by those most affected by the decisions. Put another way: the national government ought only to do what the states cannot; the states only what communities cannot; communities only what families cannot; families only what individuals cannot. This is not to suggest that Catholic social theory (especially as read in papal encyclicals) is always in favor of the minimalist state. John XXIII in Pacem in Terris (1963), while affirming the doctrine of subsidiarity, called for publicly funded health and unemployment insurance, a minimum wage, and government support for the arts. Still, it is clear that "a planned economy . . . violates the principle of subsidiarity . . ." (The Catholic Encyclopedia, 1965). Read: R.J. Neuhaus, Doing Well and Doing Good (1992). "Just as it is wrong to withdraw from the individual and commit to the community at large what private enterprise and endeavor can accomplish, so it is likewise unjust and a gravely harmful disturbance of right order to turn over to a greater society of higher rank functions and services which can be performed by lesser bodies on a lower plane." --Pius XI, Quadragesimo Anno (1931)

I might have mentioned that, although not derived from Catholic sources (the first formulation in an encyclical came in 1891 in Leo XIII's Rerum Novarum, "Of New Things,"), subsidiarity forms the basis of our Tenth Amendment ("The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people") ...
Read more here.

Monday, July 13, 2009

How Michael Jackson Ruined the Economy

The inimitable Spengler (David P. Goldman):
Michael Jackson's body lies a-moldering in the grave (in fact, it was a-moldering long before it reached the grave), but his adolescent soul goes marching on. The hangover from America's obsession with perpetual youth will last for a decade or more. Judging from the rock-star adulation accorded to Obama, Americans haven't yet learned their lesson, which is: after a certain age, no, you can't.
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Friday, May 08, 2009

3 classic videos produced in 1948 & 1949



Second one in the series is HERE

And check out this one entitled, Fun and Facts of American Business

Each one of these can lead into a can of worms but they are interesting to reflect about where and what we had been and as we are a most rebellious creature where we are today.