ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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I always liked the example of the steering wheel spike aimed at the driver's heart, for making safer drivers. Something along those lines is probably doable with mortgages.
8,
I agree. Originally conceived by UCLA economist Armen Alchian, this is a perfect example of the power of incentives. But the spike was already present in sub-prime mortgages. Uncle Sam has unfortunately removed the spike and come to the rescue with seatbelts and padded dashboards.
In the second comment you said, i believe money can bring happiness as well. And you're right it dosnt always keep happiness. But sometimes it does. Yeh you have problems with wealth, but it seems without it you have more problems, which leads to more unhappiness. I am pretty much saying money brings you more happiness than not having it.
I am shocked to find out that money can buy happiness!
It seems to me that it's only rich guys (or gals) and those who have insulated themselves from the markets (i.e. academics)that make these types of claims. Money might not buy love (also debatable,) but it certainly can purchase companionship. Money will also raise an individuals standard of living, which Mr. Wells succinctly said "brings you more happiness than not having it." I think these studies are merely attempts to contemporize the claim that money is the root of all evil.
Regards,
TDL
"I'll call it science when the practitioners adopt methods that can produce reliable results."
So now nothing counts as science unless it's free of controversy? Wow. I'd hate to see what would happen if you applied this rule consistently.
In any event, as Will's so fond of noting, most studies do produce findings consistent with the Stevenson-Wolfers result; so it seems like you might have to change you mind sooner rather than later.