unpaid thoughts on the dismal science

Saturday, July 13, 2002  
Congressman Ron Paul (R-TX) asks, "Has Capitalism Failed?"
8:29 AM

Wednesday, July 10, 2002  
Thomas Sowell looks askance at misused statistics in "Suspicious stats":
One of the most brazen uses of statistics which do not fit the definition was in a much-praised book that attempted to show that black students admitted to colleges under affirmative action do just fine. The book was titled "The Shape of the River," written by William Bowen and Derek Bok, former presidents of Princeton and Harvard, respectively.

Although this book is crammed full of statistics, not one of those statistics is about black students admitted under affirmative action. Black students admitted under the same standards as white students are lumped together with black students admitted under lower standards. Yet, from this the authors conclude that affirmative action is a good thing -- to the applause of those who apparently wanted to see that conclusion more than they wanted to see meaningful statistics.

9:23 PM

Tuesday, July 09, 2002  
Brad Delong gives a favorable review to Brink Lindsey's Against the Dead Hand: The Uncertain Struggle for Global Capitalism.
10:05 PM

Monday, July 08, 2002  
Good news: "Globalization Has Helped Poor, Study Says":
"The proportion of the world's population in absolute poverty is now lower than it has ever been," the study, written by a group of respected economists for the London-based Center for Economic Policy Research, says.
I'm sure liberals everywhere are rejoicing.
11:28 AM

"Succeeding in Business" is Krugman's final Bush-bashing column before going on vacation.
12:59 AM

I haven't been posting this weekend because I've been trying to update my Great Depression pages. I've added a new page, updated the template and made some other minor updates. Still needs a lot of work, though.
12:47 AM