Economia
Via Gustibus fiquei conhecendo o economista recém-falecido Jack Hirshleifer, que deu esta entrevista, segue um trecho.
W.P: Fine. I don’t know if this is a sensitive point for you or for Americans in general, but is there anything you would like to say regarding the recent terrorist attacks to the U.S.? How do you interpret that from your perspective?
J.H: Yes, that is quite interesting. I have a recent paper on appeasement in the American Economic Review . Sometimes we hear or we read in history that it never pays to appease an aggressor. Before World War II, at Munich, British Prime Minister Neville Chamberlain was trying to appease Hitler to say, “oh, I will give you this, I will give you that, then you’ll be satisfied, we hope, and we will not have a war”. Whereas, Winston Churchill, said, “no, no, it will not work”, and of course Churchill was absolutely right. Now the question is how general is that? Is it always true that you should never appease someone who is hostile to you? Or might it be the case that sometimes appeasing might make sense? This paper in the American Economic Review says, yes, there are circumstances where it might make sense. Nevertheless even though there are circumstances in which appeasement might make sense, they did not apply to Hitler. So Churchill was right, but that doesn’t mean that it’s absolutely always right, never, never to appease. Here is the key idea. Assume the other party is hostile. Even so, it might pay to appease him if, by making him richer, he becomes less hostile. The point is that as he gets wealthier, he will devote less effort to attacking you, then it might pay to buy him off. But, if, when he gets wealthier, he will devote more effort to attacking you, then it goes the other way. So, in the case of Hitler, Chamberlain thought: well, he’s really not a very nice man, but it could be that if we make him more powerful or wealthier, then he’ll realize that it makes sense not to go to war. Whereas Churchill thought that would be giving him the resources with which to buy weapons and attack us more. In my opinion that’s the situation here also. Let’s say we’re talking now about anti-American extremists or Islamic extremists, are they people who can be bought off? My own belief: no, they can’t. I don’t think this is a case where appeasement pays. Appeasement can sometimes pay, but I’d say no, not in this case. I don’t think these are people who can be bought off. So, going easy on them, giving them more resources, in my opinion, is not going to work.
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Vale a pena ler o texto inteiro. Minha parte favorita é a seguinte: How long should my paper be? If you don't have a good idea, then keep going. Don't stop at less than 60 single-spaced pages. Nobody will read your paper in any case so at least...
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Como surgem os direitos de propriedade? Belo paper do grande Herschel Grossman (pdf): Property Rights under Anarchy Resumo: Traditionally, general-equilibrium models have taken effective property rights to be given and have been concerned only with...
Economia
Economia do Conflito
Via Gustibus fiquei conhecendo o economista recém-falecido Jack Hirshleifer, que deu esta entrevista, segue um trecho.
W.P: Fine. I don’t know if this is a sensitive point for you or for Americans in general, but is there anything you would like to say regarding the recent terrorist attacks to the U.S.? How do you interpret that from your perspective?
J.H: Yes, that is quite interesting. I have a recent paper on appeasement in the American Economic Review . Sometimes we hear or we read in history that it never pays to appease an aggressor. Before World War II, at Munich, British Prime Minister Neville Chamberlain was trying to appease Hitler to say, “oh, I will give you this, I will give you that, then you’ll be satisfied, we hope, and we will not have a war”. Whereas, Winston Churchill, said, “no, no, it will not work”, and of course Churchill was absolutely right. Now the question is how general is that? Is it always true that you should never appease someone who is hostile to you? Or might it be the case that sometimes appeasing might make sense? This paper in the American Economic Review says, yes, there are circumstances where it might make sense. Nevertheless even though there are circumstances in which appeasement might make sense, they did not apply to Hitler. So Churchill was right, but that doesn’t mean that it’s absolutely always right, never, never to appease. Here is the key idea. Assume the other party is hostile. Even so, it might pay to appease him if, by making him richer, he becomes less hostile. The point is that as he gets wealthier, he will devote less effort to attacking you, then it might pay to buy him off. But, if, when he gets wealthier, he will devote more effort to attacking you, then it goes the other way. So, in the case of Hitler, Chamberlain thought: well, he’s really not a very nice man, but it could be that if we make him more powerful or wealthier, then he’ll realize that it makes sense not to go to war. Whereas Churchill thought that would be giving him the resources with which to buy weapons and attack us more. In my opinion that’s the situation here also. Let’s say we’re talking now about anti-American extremists or Islamic extremists, are they people who can be bought off? My own belief: no, they can’t. I don’t think this is a case where appeasement pays. Appeasement can sometimes pay, but I’d say no, not in this case. I don’t think these are people who can be bought off. So, going easy on them, giving them more resources, in my opinion, is not going to work.
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- Yada, Yada, Yada
An argument that has been floated recently, to the point of meriting the dubious honor of being officially dismissed in the Copom minutes, is that the increase in foodstuff prices would have an effect on Brazilian consumption similar to the increase in...
- Ha-joon Chang. 23 Things They Don’t Tell You About Capitalism
Sumário do novo livro de HA-JOON CHANG. 23 Things They Don’t Tell You about Capitalism. Ver entrevista do autor na Globonews no link abaixo http://globotv.globo.com/globonews/milenio/t/programas/v/economista-sul-coreano-avalia-os-desafios-do-atual-sistema-capitalista/2132771/...
- 21 Citações De Henry Ford
There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible. Coming together is a beginning; keeping together is progress; working together is success. Don’t...
- Conselhos De Ariel Rubinstein Para Alunos De Doutorado
Vale a pena ler o texto inteiro. Minha parte favorita é a seguinte: How long should my paper be? If you don't have a good idea, then keep going. Don't stop at less than 60 single-spaced pages. Nobody will read your paper in any case so at least...
-
Como surgem os direitos de propriedade? Belo paper do grande Herschel Grossman (pdf): Property Rights under Anarchy Resumo: Traditionally, general-equilibrium models have taken effective property rights to be given and have been concerned only with...