tag:blogger.com,1999:blog-1110014885778996459.post8119417895193084618..comments2024-03-29T04:32:20.232-07:00Comments on Idiosyncratic Whisk: Abundance Requires Real-Time Knowledge of ScarcityKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1110014885778996459.post-50660862870358670762024-02-12T11:19:52.587-07:002024-02-12T11:19:52.587-07:00Abundance Requires Real-Time Knowledge of Scarcity...Abundance Requires Real-Time Knowledge of Scarcity" offers a thought-provoking exploration of the intricate relationship between abundance and scarcity in the context of resource management and decision-making. This insightful concept underscores the importance of staying informed and attuned to the dynamics of scarcity in order to effectively harness and appreciate abundance. By recognizing the contrast between scarcity and abundance and leveraging real-time knowledge of both, individuals and organizations can cultivate a mindset of gratitude, resourcefulness, and responsible stewardship.<br /><a href="https://srislawyer.com/fairfax-divorce-lawyer-divorce-attorneys-fairfax-va/" rel="nofollow"> Fairfax Divorce Lawyer </a>romillyhttps://www.blogger.com/profile/08539645880708066290noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-31550134306963674352013-12-31T11:44:24.911-07:002013-12-31T11:44:24.911-07:00The house got painted. This was a direct increase ...The house got painted. This was a direct increase in economic activity. The payment from the home owner to the painter was a transfer. The size of the transfer has no bearing on the added economic value of the transaction. I don't see any reason to believe that there is any systematic economic benefit from transferring cash from homeowners to painters.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-57479628897490888302013-12-31T11:40:12.560-07:002013-12-31T11:40:12.560-07:00This is an important bias, I think - the tendency ...This is an important bias, I think - the tendency to ignore the real obstacles faced by people we don't identify with. The problem is that the bias makes the hypothesis seem more coherent to the proponent, but the apparent coherence is the product of an imposed ignorance.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-63780187782499577652013-12-31T11:31:46.955-07:002013-12-31T11:31:46.955-07:00Thank you, Ryan.Thank you, Ryan.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-45881397292299365982013-12-31T09:56:13.641-07:002013-12-31T09:56:13.641-07:00"there's no doubt that you would have tra..."there's no doubt that you would have traded that cheap service for a more prosperous community in a heartbeat."<br /><br />So -- if our paying painters very low wages results in a moribund economy, acting out of sensible self-interest -- we're looking at a classic coordination problem.<br /><br />Which is why redistribution from rich to poor (whether via min wages or eitc or health subsidies or education or whatever, in whatever combination) is necessary to maximize prosperity in a high-productivity monetary economy. We need to coordinate to achieve that maximization. The unfettered interplay of individual incentives actively precludes its emergence.Steve Rothhttps://www.blogger.com/profile/11895481216028771016noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-41126232318456072002013-12-30T16:26:42.463-07:002013-12-30T16:26:42.463-07:00Krugman can really tie himself up;
'In times ...Krugman can really tie himself up;<br /><br />'In times like these, it’s hugely asymmetric: employers and employees alike know that workers are easy to replace, lost jobs very hard to replace.'<br /><br />Even 'in times like these' workers are NOT easy to replace. Bodies may be easy to replace, but productive workers are not. Of course, I've had practical experience training and managing workers, so what would I know about it.Patrick Sullivanhttps://www.blogger.com/profile/14948365865741313524noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-54509833803958265892013-12-30T12:58:12.040-07:002013-12-30T12:58:12.040-07:00This is amazing. You published this just in time f...This is amazing. You published this just in time for Blog Post of the Year. No exaggeration, this post is one of the best I've read this year. RP Longhttps://www.blogger.com/profile/15028013805248797978noreply@blogger.com