Tag Archives: game theory

The fundamental mystery of capitalism, in my mind, is how a lot of locally zero-sum fights—over customers, over bread, over a job opening—can result in a globally positive-sum game like 2%/year economic growth over a century. Just had a small … Continue reading

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A Lesson in Counterfactuals

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On the afternoon of the Nobel announcement, Nash said that he had won for game theory and that he felt that game theory was like string theory, a subject of great intrinsic intellectual interest that the world wishes to imagine … Continue reading

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Utopia. Class struggle. Liberty. Tyranny. Property. Natural law. Human rights. Rousseau, Locke, Paine, Plato, Spinoza, The Federalist Papers, Marx, Rawles, and the rest. What is a “good” society and how can “we” make our society better? For me there was … Continue reading

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Time Change

Doesn’t the time change disprove Ricardian equivalence? Ricardian equivalence is an hypothesis from the economic theory of how people respond to tax policy. It supposes that if the government changed tax policy, people would just respond in such a way … Continue reading

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Lawyers:

On a Curved Manifold? Here’s something curious about lawyers. Locally they fight negative-sum games — effectively, expending resources fighting over the division of a non-increasing good. lawyer 1: OK, I get x% lawyer 2: and I get 1−x % lawyer … Continue reading

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The Equations of History

Some day I want to read all of Daron Acemoglu’s work. What in here isn’t interesting? Social Structure and Development – A Legacy of the Holocaust in Russia Theory, General Equilibrium, Political Economy and Empirics in Development Economics Experimentation, Patents … Continue reading

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