Leaders are rarely purely interested in the good of the group. So leaders do not respond predictably to incentives aimed at groups. It seems odd, therefore, that Schelling thought that hurting civilians might change the minds of leaders. Worry instead about the incentives of leaders.
This demonstrates for me everything about economists that makes them superior to lawyers. The myopia of the lawyer and the breadth of vision of the economist. Yes, it is possible for institutions not to follow the law. It is possible for laws to be written to be broken. You might think it would take a […]
Saying that adverse selection in insurance is a problem to be eliminated because it frustrates marginal cost pricing is like saying that R&D fixed costs leading to innovation and product improvement are a problem to be eliminated because they frustrate marginal cost pricing.
Don’t disdain those passed, Thou no diff’rence from them hast; Don’t admire the past.
Ask yourself: if all the military power in the world were controlled by a just ruler, how would it be deployed? Support deployments of force whenever they coincide with the virtuous plan and oppose deployments of force whenever they fail to coincide with the virtuous plan. So, for example, if a just ruler in charge […]
Poetry is neither word painting nor the use of unfamiliar locutions for their own sake. It is the charming and precise conveyance of ideas. That poetry may use words in unfamiliar ways happens because poetry sometimes deals in ideas that have never been put to words before.
Poetry is the art of recognizing peculiar structures in nature. You don’t understand the structure, you just recognize it. Some people spy out the four leaf clover; you, poet, spy out the four leaf relationship, the four leaf justification. It is very difficult to do this. Years later a scientist may come to describe and […]
There are many things that should be illegal that the law need not proscribe because humanity lacks the power to do the thing. As technology advances and humanity acquires the power to do more things, this set of things that need not be proscribed shrinks. The law must be at the frontier between what can […]
The study of disobedience should be a core part of the law school curriculum. Instead, law schools pretend that all rules get followed, or, at least, that all rules should be followed. So teaching the rules is for them enough. This is ridiculous. Not only is it fact that many rules don’t get followed by […]
I don’t like this scansion of Lovelace’s To Althea, From Prison. The lines all have four stressed syllables, I think, rather than alternating four and three. At least, they sound better when I read them that way. When LOVE | with UN | con FIN | ed WINGS Hov ERS | with IN | my […]