Category Archives: News

Food Socialism Coming to an EU Near You!

The EU is legislating away food speculation to decrease food price volatility. This could not possibly backfire.

Goldman Sachs, Barclays, Deutsche Bank, JP Morgan and Morgan Stanley together made an estimated £2.2 billion from speculating on food including wheat, maize and soy between 2010 and 2012. Speculation increases price volatility and has been a major factor in the sharp spikes in global food prices of the last six years.

Continue reading Food Socialism Coming to an EU Near You!

Harvard No Longer Requires Critical Thinking Skills, Apparently

The Harvard Crimson SealAn opinion piece in the Harvard Crimson, written by one Sandra Y. L. Korn, is a work of such utter sophistry that the fact that it comes from the top academic institution on the globe is not the least bit surprising. Korn argues that Harvard should jettison academic freedom in favour of her concept of “justice.”

In its oft-cited Statement of Principles on Academic Freedom and Tenure, the American Association of University Professors declares that “Teachers are entitled to full freedom in research and in the publication of the results.” In principle, this policy seems sound: It would not do for academics to have their research restricted by the political whims of the moment.

Spot on, Sandra.

Yet the liberal obsession with “academic freedom” seems a bit misplaced to me. After all, no one ever has “full freedom” in research and publication. Which research proposals receive funding and what papers are accepted for publication are always contingent on political priorities. The words used to articulate a research question can have implications for its outcome. No academic question is ever “free” from political realities. If our university community opposes racism, sexism, and heterosexism, why should we put up with research that counters our goals simply in the name of “academic freedom”?

Instead, I would like to propose a more rigorous standard: one of “academic justice.” When an academic community observes research promoting or justifying oppression, it should ensure that this research does not continue. [links removed, bold added]

I liked it when she said that the policy of academic freedom was sound in principle. The logical next step would be to elaborate this principle and show why it does not apply. She seems to think it follows that, since total academic freedom in its most perfect form is unattainable, the principle should be jettisoned entirely. Continue reading Harvard No Longer Requires Critical Thinking Skills, Apparently

Rock Stars Respond to Incentives Like the Rest of Us

ABBA, looking fabulous

The Guardian reports that Abba’s wild outfits were influenced by Swedish tax laws:

According to Abba: The Official Photo Book, published to mark 40 years since they won Eurovision with Waterloo, the band’s style was influenced in part by laws that allowed the cost of outfits to be deducted against tax – so long as the costumes were so outrageous they could not possibly be worn on the street.

I think this qualifies as a Pigovian tax.

Abstaining From Alcohol has Ambiguous Effect on Life Expectancy: Study

Alcohol! I only drink to make YOU more interesting!Can you imagine a news article with that title? Certainly not. How about  this one: Abstaining from alcohol significantly shortens life. There, that’s more sensational, isn’t it? (To be fair, that’s the title on the page, not the title of the article. I’m not sure why they aren’t the same.)

I’ve seen news articles circulating about a recent study from the University of Texas at Austin that followed 1,824 adults between the ages of 55 and 65, and compared how likely they were to die over a 20-year period depending on whether they abstained from drinking alcohol, drank moderately, or drank heavily. The results indicated that moderate drinkers had the  greatest longevity, followed by heavy drinkers, with abstainers being the most likely to die.

This is where the science reporters stopped paying attention, and started writing sensationalist “alcohol is good for you!” news articles.

I’m skeptical of this interpretation. The technique being used by the researchers is one that is very common in health and social science studies, whereby the researcher measures many real-world variables, and uses linear regression to tease out the effects of each variable on the variable under study. Continue reading Abstaining From Alcohol has Ambiguous Effect on Life Expectancy: Study