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econlib | |
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http://econlog.econlib.org/archives/2009/11/steinbrenner_u.html Inside Higher Ed reports,
A small number of colleges have become much more competitive over recent decades, according to Caroline M. Hoxby, an economist at Stanford University. But her study -- published by the National Bureau of Economic Research -- finds that as many as half of colleges have become substantially less competitive over time.
Tyler Cowen finds a link to the new paper.
I am not sure that I buy Hoxby's explanation for the phenomenon, which is that high school graduates nowadays are willing to travel farther to go to college. I suspect that high school graduates nowadays are the product of assortive mating, and college has become the ultimate status good for their parents. Affluent parents want their children to attend the colleges that the children of other affluent parents attend. This creates a highly skewed equilibrium.
Think of Harvard as like the Yankees. Enough money to buy whatever it needs to be a contender every year. Think of the typical college as like the Orioles or the Blue Jays. If they are fortunate, they can groom a few stars, but they will have too many weaknesses to be able to compete with the Yankees. Harvard's advantages are actually more durable than the Yankees'. One can imagine the O's or the Jays winning it all one of these years. Not so with Rutgers or George Mason.
By the way, in this metaphor, the analogue to Sabathia and Teixeira is not necessarily the faculty (even though you probably think this song is about you). I am thinking more about students. Steinbrenner U has a much larger share of outstanding students than outstanding faculty. If you have a Ph.D and want an academic position where you can encounter highly intelligent colleagues, you can go to any of at least three hundred institutions. But if you want to teach high-ability undergraduates, do not sink below the 40 most selective institutions. And if you want high-potential graduate students, do not sink below the top 10 graduate schools in your field.
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econlib | |
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http://econlog.econlib.org/archives/2009/11/a_child_underst.html As Bryan has mentioned, Monday, November 9 will be the 20th anniversary of the fall of the Berlin Wall. In Chapter 3 of my book, The Joy of Freedom: An Economist's Odyssey, I tell that story and integrate it with my recollections of explaining my excitement back then to my 4-year-old daughter, Karen.
I wrote most of the book between 1998 and 2001 and, for the passage about Karen, went from memory. But a year ago, while cleaning out stuff in my home office, I found a diary I kept occasionally about Karen when she was younger. I had written this passage on November 29, 1989, when my memory of what had happened earlier that month was much fresher. Here it is:
On Friday morning, November 10, I came into Karen's room while Rena [my wife] was waking her up and told her [Rena] all excitedly about the Berlin Wall coming down.
A couple of days later, when the new Newsweek came out with a cover story on the Wall, I decided to try to explain to her [Karen] what was going on. It was one of those significant events I really wanted her to understand, and I thought I could do so without prejudicing her but simply by telling her the facts.
I told her that the Wall was built to prevent people from leaving a certain area and that it was built when I was a young kid. If people tried to climb over it without permission, I told her, the men who built it shot them and tried to kill them. "That's not nice," said Karen. "That's rude."
But, I told her, the people who built it decided that it was wrong to stop people from leaving. And now I'm excited, I said, because they can leave. Then I showed my excitement. I said, "Now they can do things that they've always wanted to do like, like . . ." "Go to Disneyland!" said Karen. "That's right," I said. "And they can go to stores and buy neat things they haven't been able to buy like . . ." "Candy!" shouted Karen excitedly. "That's right!" I said. "Oh, boy!" [My notes don't make clear who said "Oh, boy!"] We got all excited together.
I think the two things she focused on are things that the Berliners really would think of first. (The media reported a few days later that the candy shops in West Berlin had sold out.) And by putting it in her terms, Karen understood a lot of the excitement and importance of the event.
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patrissimo | |
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Well, not really, but apparently his popularization of the concept prevented the inventor of the modern waterbed from getting a patent! Le Wik: A form of waterbed was invented in the early 1800s by the Scottish physician Neil Arnott...Dr. William Hooper of Portsmouth, England, patented a waterbed in 1883. He devised it to relieve bed sore pains in his patients. Unable to contain the water and control its temperature, his invention was a market failure.
The modern waterbed was created by Charles Hall in 1968, while he was a design student at San Francisco State University in California. Fellow SFSU students Paul Heckel and Evan Fawkes also contributed to the concept. Hall originally wanted to make an innovative chair. His first prototype was a vinyl bag with 300 pounds (136 kg) of cornstarch, but the result was uncomfortable. He next attempted to fill it with Jell-O, but this too was a failure.[citation needed] Ultimately, he abandoned working on a chair, and settled on perfecting a bed. However, because a waterbed is described in the novels Beyond This Horizon (1942), Double Star (1956), and Stranger in a Strange Land (1961) by Robert A. Heinlein, Hall was unable to obtain a patent on his creation. Tags: sf
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cafehayek | |
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http://cafehayek.com/2009/11/keynes-on-mises-and-on-himself.html http://cafehayek.com/?p=7182 Here’s a letter that I sent this morning to the Wall Street Journal:
Kudos to Mark Spitznagel for drawing attention to the important but neglected work of the late Ludwig von Mises (”The Man Who Predicted the Depression,” Nov. 7).
But while Mr. Spitznagel is correct that Keynesians ignored Mises’s 1912 book, Theorie des Geldes und der Umlaufsmittel (and its 1934 English-language translation, The Theory of Money and Credit), Keynes himself did not ignore it – and therein lays a revealing tale.
When Mises’s German-language book first appeared in 1912, Keynes reviewed it in the prestigious Economic Journal, dismissing it as being unoriginal. Seems pretty damning, until we learn that Keynes himself, in his 1930 book Treatise on Money, confessed that “in German, I can only clearly understand what I already know – so that new ideas are apt to be veiled from me by the difficulties of the language.”
Keynes’s influential dismissal of Mises’s work was based not on anything as lofty as informed disagreement; it was based instead on incomprehension.
Sincerely,
Donald J. Boudreaux
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libertyandpower | |
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http://hnn.us/blogs/entries/119551.html I am very pleased to announce the release of my latest book project, The Intersection of Fantasy and Native America: From H.P. Lovecraft to Leslie Marmon Silko.
A number of contemporary Native American authors incorporate elements of fantasy into their fiction, while several non-Native fantasy authors utilize elements of Native America in their storytelling. Nevertheless, few experts on fantasy consider American Indian works, and few experts on Native American studies explore the fantastic in literature. Now an international, multi-ethnic, and cross-disciplinary group of scholars investigates the meaningful ways in which fantasy and Native America intersect, examining classics by American Indian authors such as Louise Erdrich, Gerald Vizenor, and Leslie Marmon Silko, as well as non-Native fantasists such as H.P. Lovecraft, J.R.R. Tolkien, and J.K. Rowling. Thus these essayists pioneer new ways of thinking about fantasy texts by Native and non-Native authors, and challenge other academics, writers, and readers to do the same.
Praise for Intersection of Fantasy and Native America:
The essays in Sturgis and Oberhelman’s The Intersection of Fantasy and Native America open our eyes to the kinship between families of literature hitherto seen as separate-fantasy and Native American fiction-showing their interconnections in subject matter, in techniques of dream and trance and magical realism and post-modern meta-narrative, and most importantly, in their ability to penetrate appearances in search of underlying truths. The result is that we see each in light of the other and both as parts of the larger, so-called “mainstream,” and as essential to our understanding of literature, its writers and readers, in the 21st century.
—Verlyn Flieger, Professor of English, University of Maryland at College Park, Author of Interrupted Music, A Question of Time, and Splintered Light
With excellent and accessible scholarship, this book opens wide the door of Native American mythology and fantasy by connecting it with the fantasy many of us already know and love. I'm now convinced there's a vast treasure store of fantasy I haven't even begun to experience, and there's nothing more exciting than that for the lover of fantasy fiction!
—Travis Prinzi, Author of Harry Potter and Imagination and Editor of Hog’s Head Conversations
( Table of Contents )
The book is now available at Amazon and directly from Mythopoeic Press.
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libertarianism
zenithsouth | |
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Okay, so I have to parade my accomplishment around shamelessly, since I'm shamelessly promoting Libertarianism. I live in Winston-Salem, NC, the fourth largest city in North Carolina and finally (a small accomplishment, but an accomplishment-don't dare rain on my parade damnit!) published one of my "Letters to the Editor". I invite you to take a look. Mine is the third one down called the "New Motivation for Schools": http://www2.journalnow.com/content/2009/nov/06/its-time/opinion-letters/ Read some of the responses as well! The thread gets kinda interesting. The full text as published in the Journal is below: New motivation for schoolsI am writing to comment on the Nov. 1 New York Times article you reprinted, "States lower academic proficiency standards." New motivation is needed to get our public schools to teach our children properly and deserve the tax money we, the taxpayers, are forced to give. The Libertarian Party has it right when stating that competition is a good way to motivate public schools (which would be competing with private and charter schools for money) to actually teach our children instead of dumbing them down and passing them along to graduation without the ability to read or write. ZEKE COCHRAN Kernersville
And if anyone out there in the journalsphere happen to be native to North Carolina and would like to see whats going on in the NCLP...you can subscribe to our blog:
style="border: 0px;" alt="Click to join LPNC"/>
In any case, thanks for looking!
Zeke Click to join LPNC Current Mood: excited
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libertarianism
typewriterking | |
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This must be a first. While squishy small-l libertarians have done well to rise in their places in the media, this may be the moment where the Libertarian has finally arrived. Beck is out and recovering in the hospital with an appendix rupture (I think), so Judge Andrew Napolitano subbed on FNC this afternoon. No, that's not the big deal. After all, this year started with Walter E Williams subbing for Limbaugh, so unambiguous Libertarians have hosted top-rated shows before.
What makes this segment special is that Napolitano was hosting, and his panel was John Stossel and Peter Schiff. Finally, all of my biases can be reinforced in one glorious mainstream echo-chamber! Normally, I have to watch a Reason TV video for this sort of validation. Question, are we ready for prime time?
Exit question: Are they sellouts for being popular? Libertarianism isn't grunge or punk, but it seems that way often. Current Mood: silly Current Music: The most obscure band, honest!
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libertarianism
ghoststrider | |
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From the Queens Chronicle.Not sure if anyone really cares, but I thought it was interesting that a candidate endorsed by the Libertarian Party won a seat in the largest city council in America (at least, I think NYC is the largest.) Under New York's electoral fusion system, Halloran was on the party lines for not only the Libertarian Party, but also the New York Conservative Party, the New York Independence Party, and of course, the Republican Party. I wonder how much "libertarianism" will influence him considering this broad electoral alliance. What pisses me off is that Halloran's opponent, a Democrat, actively circulated fliers in the district telling people not to vote for this guy because he's a pagan. So much for Democrat values and whatnot. And in New York City, no less! I'm also glad that a candidate endorsed by the United Federation of Teachers lost. Even though its a tiny victory, I always get a surge of happiness in my heart whenever that organization of putrified pond scum gets thwarted.
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particle_mann | |
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Approximately one hour ago, I finished the last of the 46 (+1 with no horns) transcriptions.
Shortly after that I made myself a breakfast burrito, because hey-I had bacon, eggs, tomatoes, and tortillas (and garlic, onions, and a slice of provolone), so why not?
I feel very good right now, and very accomplished.
However, upon further inspection, I also feel very unwashed.
Bathing. Bathing is probably next on the agenda.
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