Short-termism

By Arnold Kling While on a Sunday stroll, I encountered Jerry Muller, author of The Mind and the Market, among other works. He asked me what I thought about “short-termism.” Mostly, I think that it is a difficult concept to pin down. I guess my working definition would be that short-termism is a bias among […]

Discussion Tuesday (on Monday)

By Matt Nolan Continuing on with value judgements: Social groups can evolve to changing social structure surprisingly rapidly. As a result, basing policy on inherent “social values” (such as for housing) is at best an exaggeration, and at worst nonsensical. < p>Once again, remember that these are points for discussion – I am not saying […]