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Jim Luke (econproph) @econproph

@Tdorey @katebowles @ShorterPearson @clhendricksbc @mahabali @lauraritchie @sundilu @actualham @twryst i will reply, but like Laura, I won't be able to get to it for another couple days. But I will.

Desperately hoping to get some thoughts on this blog post, *especially* dissenting voices - different ways of thinking.

heretothere.trubox.ca/deciding

@katebowles @econproph @ShorterPearson @clhendricksbc @mahabali @lauraritchie @sundilu @actualham @twryst and any others out there inclined to help poke holes in my reasoning :)

@actualham Don't know about "most beautiful", but "most fascinating" for me is always the last or current one I'm visiting. Guess that's the social scientist in me. I'm fascinated by how people cope & live in wherever they live, and less so by natural features I guess.
That said, I'll take any body of big water any time: ocean, lake, river.

@bthall spkg of Price as independent var & Q as dependent reminds me of another trivia. In econ we put P, the independent, on Y axis and Q, the dependent on X. Backwards from std math treatment. Reason: Economists developed the P-Q graph in late 19th century (Marshall, esp). Mathematicians didn't come to consensus on making X axis as independent var until early 20th century. Habits are hard to break.

So ever since, Econ princ texts confuse heck out of students who actually learned algebra

@bthall as I thought about it some more after my posts, I think the reason it isn't more common in texts is cuz the normal neoclassical assumption of price as independent var and qty dependent. So it seems unnatural to assume a restriction on dependent var.

concept of qty ceiling make sense to me, but I tend to think of P & Q as co-determined.

@bthall BTW, it seems that throughout history of economic thought, that relatively few ideas happened to one person. Many ideas were developed by multiple folk, often working unaware of each other. Best example is the concept of marginalism or marginal analysis. Jevons, Walras, Menger all wrote it up coincidentally in 1860's.

@bthall Awesome. Very impressive to work that out on your own. I vaguely remember some discussion in a grad school class once and the concept of a "quantity ceiling" was used. IIRC, it was in an Industrial Org seminar involving biz strategies & analysis of monopolies. Great job.

#mastoparle
This occurred to me last night while pondering a colleague's situation. The "work-life balance" problem for academics is because we "Learn the Candle at both ends". We teach at one end and we learn/research at the other. Each illuminates the other end. In seeking light, it's too easy for the flames to get bigger and all consuming. We just end up burned.

#mastoparle

So little self disclosure story: I was oft ignored as little kid. Long ago, yet I see how that affects me still. Took many yrs to realize my own fears of not being seen kept me from really see/hear others.
Now, in public when I see a little kid, I try to make eye contact & smile - let them know someone sees them & likes what they see. 'Course its' led to many a peek-a-boo game in restaurants, but my family undrstnds.

@twryst @katebowles @Tdorey @lauraritchie @vahnj @mahabali

#mastoparle

It seems that the sine quo non of empathy is to really see/hear the other. So what blocks our eyes & ears? I come back often to how critical childhood & early childhood is. I think so many struggle to see/hear the others because of the often-preconscious/pre-verbal fears/trauma of their own childhood. So important to hear, listen, see, accept little kids. It takes time/generations, but that's how we build future empathy.
@twryst @katebowles @Tdorey @lauraritchie @vahnj @mahabali

#mastoparle

I'm thinking about "reprioritizing empathy". I'm reminded of Erich Fromm's writings of how "responsibility" is an essential part of the capacity to love. Responsibility having its root in "to be able to respond". He put it (IIRC) as to truly love requires us to be able to see and respond to what the other needs to live. (source: Art of Loving)

1/2

@twryst @katebowles @Tdorey @lauraritchie @vahnj @mahabali

@katebowles @ShorterPearson @lauraritchie @cogdog Ah yes, those rocking chairs in Virginia. Those were fantastic.

So very much has been happening last few months, both at macro and local, I feel like I've been on boat tossed in a storm - tough to find footing. But the memory of those chairs and the conversation, along with I stumbled across the video of Gardner's keynote, take me back. It's a calming and focusing thing.
#mastoparle

@bthall Saw this and thought you might be interested. Most econ progs have lost track of the history of econ thought. there's more to it than the theoclassical econ in most textbooks!

theminskys.org/history-economi

@bthall The behavioral stuff is indeed really important -esp since it calls into questions much of neoclassical micro theory, esp theories of rational agent choices. There's implications for macro. Not sure if you're primarily studying micro or macro. Personally, in macro I think folks need to look at Minsky & MMT (modern monetary theory) too.

@bthall Then there's Richard Thaler, "Misbehaving", which I hear is a good easy read of the intellect hist of behav econ. The really big names(s) is Daniel Kahnemann & Tversky. (Nobelists) , DK is actually a psych/econ. The popular book is "Predictably Irrational", but a more foundational book is "CHoices, Values, and Frames".

@bthall There's lots of books now that people claim are behavioral econ, but many are really marketing or finance books. I've got some suggestions, but will confess I've not read their "books" per se, since I've largely followed the papers/blog posts, etc. Starting points are just about anything by George Akerloff / Robert Schiller. Both very mainstrm econs w/ strong "non-rational agent" rsrch. "Phishing for Fools" likely good start point. Then there's Dan Ariely, "Predictably Irrational"..

I teach at 2 schools. LCC and HFC. HFC is in my hometown of Dearborn. Largest Arabic American community in US. Mon I start an online class with them. Prob 2/3 class is Arabic or Muslim. Chances are very high that if their family wasn't broken up last night, they know someone who was. These are my neighbors. I walk in the park everyday with them. I love the little kids, the seniors, the love they show.

I do not know what to say to them.

@clhendricksbc @fgraver I believe we are all connected. Perhaps it's Jungian collective unconscious. Maybe it's our consciousness affects our actions affects others', etc. While it is not sufficient to fight evil, it is necessary that there be witness. Witness is essential. You may feel compelled to the news and feel helpless from afar. But it helps us here in the fight to know that you see it.
Peace. The arc is long.