Kieran Healy

Posts Tagged Economics

Oatmeal Prospect Theory

On the side of this box of McCann’s Oatmeal here it says: “Tip: Add liquid to oatmeal a few minutes before cooking. It will cook faster.” Now, I can see the benefits of doing this in terms of energy conservation. But the fact is, I’m not going to get my oatmeal any faster, am I? […]


MacKenzie’s Engine

I have been extremely irresponsible about my contribution to our OrgTheory book seminar on Donald MacKenzie’s An Engine, Not a Camera. But for once this is because my thoughts on the book metastisized into an article-length something-or-other. I’m still working on it so I won’t inflict it upon you (but stay tuned: eventually I will). […]


Annals of Rationality vol MCMLXXVII

Via Jeremy Freese, a poster for a Mass General Hospital study. As Jeremy says,
Do you have not one, but two separate problems that are associated with making bad decisions? If so, why don’t you choose to have a 50% chance of forgoing treatment for both for three months, in exchange for $600?… Don’t worry: you […]


Goodbye, Uncle Miltie

Milton Friedman has died at the ripe old age of ninety four. Alex Tabarrok at Marginal Revolution writes a brief appreciation from the point of view of a fan. As Harry said around here only the other day, everyone should read Capitalism and Freedom at least once.


Keynes’ Amazon Bulldog

I came across The Cambridge Companion to Keynes in the bookshop yesterday and went to add it to my Amazon wishlist this morning. When I looked it up in the catalog I saw that it had a rating of only 2 stars and my first thought was: I bet that guy is responsible! And I […]


whoops

I think this is called a “market correction.” Looks like the last days of Long Term Capital Management.

I finally finished MacKenzie’s book, and now I promise to write something about it.


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