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Marginal REVOLUTION

Small Steps Towards A Much Better World

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Be careful what you announce about your expected value maximization

Judge Kaplan: A man willing to flip a coin as to the continued existence of life on earth. Mr. Bankman-Fried knew that Alameda was spending customer funds on risky investments, political contribu...

https://marginalrevolution.com/marginalrevolution/2024/03/be-careful-what-you-announce-about-your-expected-value-maximization.html?utm_source=rss&utm_medium=rss&utm_campaign=be-careful-what-you-announce-about-your-expected-value-maximization

Who are currently the most influential thinkers/intellectuals on the Right?

Elon Musk and Peter Thiel. Here is my corresponding (and much longer and more complicated) post about the Left.  Model this difference! The post Who are currently the most influential thinkers...

https://marginalrevolution.com/marginalrevolution/2024/03/who-are-currently-the-most-influential-thinkers-intellectuals-on-the-right.html?utm_source=rss&utm_medium=rss&utm_campaign=who-are-currently-the-most-influential-thinkers-intellectuals-on-the-right

From the beginning, “neoliberalism” was an obnoxious term

It was meant as an insult, implying that Mises – a marginalist – was trying to salvage 19th century liberal economics from the collectivist attacks of the Marxist left and the Nazi right, hen...

https://marginalrevolution.com/marginalrevolution/2024/01/from-the-beginning-neoliberalism-was-an-obnoxious-term.html?utm_source=rss&utm_medium=rss&utm_campaign=from-the-beginning-neoliberalism-was-an-obnoxious-term

Social improvements that don’t create countervailing negative forces

Let us say you favor policy X, and take steps to see that policy X comes about. Under many conditions, people who favor non-X will take additional countervailing steps to oppose X.  And in that ...

https://marginalrevolution.com/marginalrevolution/2024/01/social-improvements-that-dont-create-countervailing-forces.html?utm_source=rss&utm_medium=rss&utm_campaign=social-improvements-that-dont-create-countervailing-forces

Settembrini and the continuing relevance of classical liberalism

Adrian Wooldridge has an excellent Bloomberg column on this topic, promoting the relevance of Thomas Mann, and here is one excerpt: In the book , Castorp falls in with two intellectuals who live ...

https://marginalrevolution.com/marginalrevolution/2024/01/settembrini-and-the-continuing-relevance-of-classical-liberalism.html?utm_source=rss&utm_medium=rss&utm_campaign=settembrini-and-the-continuing-relevance-of-classical-liberalism