Watson my mind today: culture change

That, and spring time: that mystical time of year when a young student’s fancy turns to their neglected grades and wonders if there is anything they can do once the semester is over to raise them. — Culture is an emergent order. It cannot be owned, so you can’t have a “right” to a culture. … Continue reading Watson my mind today: culture change

Watson my mind today: labor markets

And how ‘bout them Dodgers, hunh? Actually, how about each division’s top team? That’s a lot of winning! — A partial response to Marx’ claim that managers are expropriating the value produced by the workers while providing nothing themselves: “The study showed that managers didn’t just influence the results their teams achieved, they explained a … Continue reading Watson my mind today: labor markets

Watson my mind today

Apart from grading, reviewing, and my soon-to-be 5-yr-old’s birthday, that is… –  A good question from Don Boudreaux. “Assuming (contrary to fact) that American trade deficits do necessarily cause Americans’ indebtedness to foreigners to rise, why do you bemoan these deficits? Why not instead cheer them? … Being indebted to foreigners means that we Americans must … Continue reading Watson my mind today