tag:blogger.com,1999:blog-1740670447258719504.post8676935466684983316..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Some linksEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1740670447258719504.post-81911134085639636612013-10-12T01:08:57.936-04:002013-10-12T01:08:57.936-04:00Thanks Kevin!Thanks Kevin!John Snoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-43882694238779919172013-10-11T14:43:23.620-04:002013-10-11T14:43:23.620-04:00PS John: if you email me at kquinn@bgsu.edu, I wil...PS John: if you email me at kquinn@bgsu.edu, I will send you the article -kevin quinnhttps://www.blogger.com/profile/04880872194080353414noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-84270398074494720062013-10-11T14:40:28.605-04:002013-10-11T14:40:28.605-04:00Daniel: Thanks for your nice comment on my article...Daniel: Thanks for your nice comment on my article! John S.: I don't say that government must provide education, but that the sort of education Smith wants, because it is precisely not human capital, must be required. For example, he wants people in the professions to be required to demonstrate a knowledge of science and philosophy. They don't need it for their job, so there would be no demand if it were not required. The rationale for this is interesting: "A knowledge of science and philosophy is the great antidote to the poison of enthusiasm and superstition."<br /><br /><br />Kevin Quinnkevin quinnhttps://www.blogger.com/profile/04880872194080353414noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-587768815970957592013-10-11T06:34:41.777-04:002013-10-11T06:34:41.777-04:00I'll reiterate myself, then elaborate...first,...I'll reiterate myself, then elaborate...first, please read my comment on Jonathan Finegold Catalan's post.<br /><br />http://www.economicthought.net/blog/?p=5152#comment-1078606624<br /><br />Once you've done that, I'll explain my rationale:<br /><br />Although Leonard J. Savage, Bruno de Finetti, and Frank P. Ramsey are Daniel Ellsberg's main targets in the November 1961 QJE article, while George Akerlof deals with John von Neumann and Oskar Morgenstern in his famous August 1970 piece in the same outlet (however, I don't think critcised vNM Expected Utility much, if at all, in the August 1970 piece), both papers have implications that <i>easily</i> reinforce each other. (And as an aside, a few people cited in Daniel Ellsberg's 1962 dissertation are also cited in the references of the August 1970 piece by George Akerlof: namely Roy Radner and Kenneth Arrow.)Blue Aurorahttps://www.blogger.com/profile/02044362251868221897noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-84971930535279791532013-10-10T23:15:08.470-04:002013-10-10T23:15:08.470-04:00I think you should find the article. I don't t...I think you should find the article. I don't think there's anything in the article against vouchers. Vouchers would be equally consistent with the ideas presented.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-51049467466078506672013-10-10T22:46:28.366-04:002013-10-10T22:46:28.366-04:00I don't have access to the Smith article, but ...I don't have access to the Smith article, but I read the abstract. Even if there is no market for educating the poor, that doesn't mean that govt must provide education directly. What's wrong with vouchers? Is it that they will allow poor parents to satisfy their low-class preferences?John Snoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-25851239063390873132013-10-10T13:42:32.507-04:002013-10-10T13:42:32.507-04:00Regarding Mises and Hayek, I'll copy what I sa...Regarding Mises and Hayek, I'll copy what I said on Callahan's blog.... I agree to an degree.<br /><br />"Hayek is getting at the same thing, but won't fully realize it for another three decades, until"<br /><br />But Hayek wrote both "The Uses of Knowledge in Society" and "The Meaning of Competition" in the 40s. They sit side-by-side in "Individualism and the Economic Order". Also, Mises specifically mentions price-signaling in "Human Action".Currenthttps://www.blogger.com/profile/08645195276844244481noreply@blogger.com