Jun 24, 2012
When I so pressingly urge a strict observance of all the laws, let me not be understood as saying there are no bad laws, or that grievances may not arise for the redress of which no legal provisions have been made. I mean to say no such thing. But I do mean to say that although bad laws, if they exist, should be repealed as soon as possible, still, while they continue in force, for the sake of example they should be religiously observed. So also in unprovided cases. If such arise, let proper legal provisions be made for them with the least possible delay, but till then let them, if not too intolerable, be borne with.
Life and Works of Abraham Lincoln/Volume 3/The Perpetuation of Our Political Institutions
Jun 17, 2012
A century ago populist leaders like William Jennings Bryan denounced the hard-money advocates of the era as wanting to “crucify mankind upon a cross of gold.” But modern-day populists are largely out to lunch, downplaying the importance of monetary policy in economic health. Krugman, normally the least polite man in punditry, confessed to going soft on Bernanke because he knows him personally from the Princeton economics department. Payne briefly raised my hopes by reading aloud the phone number of the Federal Reserve’s public affairs department in Washington, urging the audience to call in. What she wanted people to complain about, however, wasn’t mass unemployment: It was the fact that Dimon is on the New York Fed board.
Yglesias on Netroots Nation (via yfiles)
Jun 17, 2012
What is the name of the Jewish boy with the Facebook? Zuckerberger? I met him. A very nice boy. Also the Jewish boy from Google, a nice boy.
Israeli President Shimon Peres, on Mark Zuckerberg and Sergey Brin. (via theatlantic)

(via felixsalmon)

Jun 5, 2012
We told HP we needed better displays [for the Pre 3]. They’d come back and say, ‘Apple bought them all. Our suppliers tell us we need to build them a factory if we want the displays’ and they weren’t willing to put the billion dollars upfront to do that,” one source said. “The same thing happened with cameras. We’d pick a part, turns out Apple picked the same part. We were screwed left and right.
Pre to postmortem
Jun 4, 2012
God damn it,” Murray snarls, “the movie better be the greatest movie ever made. If it’s not, I’m gonna kill Anderson. He’s a dead man. If it’s not the greatest movie ever made, or in the top ten, he may as well just move to China and change his name to Chin, and he better get himself a small room in a small town—and even then, I’ll hunt him down.
Bill Murray
Jun 1, 2012
This is, as the vulgar Marxists used to say, no accident. And, as Bob Fitch liked to say, vulgar Marxism explains 90% of what goes on in the world.
Explaining what goes on in the world: in memory of Bob Fitch « LBO News from Doug Henwood
May 31, 2012

A question about marginalism

I’m often confused by marginalism and this morning a friend raised another question.

Imagine you operate an assembly line that requires six workers to produce goods. The marginal product of each worker would seem to be the entire value of the goods — after all, if any individual worker left, it’d be worth paying almost up to your entire profit to replace them, because otherwise you’d have no profit at all.

But, by induction, each worker should be able to do this, and then you’re paying out 6x your total profit, which clearly isn’t right either.

How do marginalists address this issue?

May 25, 2012

WHITE

I’m not familiar with books on style. My role in the revival of Strunk’s book was a fluke—just something I took on because I was not doing anything else at the time. It cost me a year out of my life, so little did I know about grammar.

Paris Review - The Art of the Essay No. 1, E. B. White
May 25, 2012
It’s the same with the Dangling String, which is a device that hangs in your peripheral vision, a piece of string hanging from the ceiling, and it jiggles about the more network traffic there is on your local network. It’s a terrific example of what Mark Weiser, the father of ubiquitous computing, calls “calm technology”. In fact, I think this kind of calm technology is the future of public computing in general. But let’s say it’s jiggling really badly one day and you want to see what’s going on — so you look really close, but what do you see? Just more string!
Glancing ETech 2004: slide 13
May 25, 2012
From Floridi’s environmental cyberethics, wiki gardening and free software are the cyberspace equivalents of respecting rainforests and biodiversity.
Glancing ETech 2004: slide 13
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