Tuesday, September 21, 2004

Finally, an economist who can put things in terms most folks understand. The blog Agoraphilia (kudos to Marginal Revolution for the pointer) uses real-life examples to explain economic analysis. You've gotta look for the gems — hey, it's a blog — but there are some insightful posts there. A few are mentioned below:

The post on Relationship Cycles is a good example. Economics is, when you break it down, the study of the allocation of resources. Economics, practiced properly, offers insight to the efficient allocation of resources. So it makes sense that one might gain some insight in social practices (note I said “insight” and nothing about rules or consistency across cultures/people) by applying economic analysis.

Another post on the Optimal Haircut was good, though it doesn't really apply to me. When it comes to hair, I value utility more than appearance, so I simply get out the clippers and chop 'er nice and short. No comb or brush necessary.

I have the same philosophy when it comes to lawn maintenence: Whatever grows, keep it short.

(That reminds me ... it's been raining, I need to mow the lawn ... )

Post Author: Rico
Tuesday, September 21, 2004 2:40:55 PM (Pacific Daylight Time, UTC-07:00) 

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