Increasing Marginal Utility

A blog so good it violates the law of diminishing marginal utility.

Browsing Catharsis – 04.05.13

“‘Goldberg gave one of the worst performances anyone present had ever seen,’ Stuart Banner writes in his splendid history of the legal system’s lurching and incoherent engagement with the national pastime. Mr. Goldberg asked the Supreme Court to reconsider earlier rulings exempting baseball from federal antitrust laws. Thanks to that immunity, owners could use the reserve clause to bind a player to one team for an entire career.”

-Adam Liptak, “‘The Supreme Court, Throwing Curveballs,” on Stuart Banner’s new book on baseball and anti-trust. Via Eugene Volokh.

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“Texas Tech University established the Free Market Institute (FMI) to advance the research and teaching of the virtues of free markets. The FMI serves as a nexus to identify and study the workings of free markets, past and present. It promotes scholarship that crosses disciplinary boundaries and provides a forum that encourages and values discussion and rigorous debate regarding all aspects of free markets.”

See Here.

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“We also include bans on handheld cell phone use while driving as a negative for freedom. Although worth only 0.04% of the index, the variable is included because handheld cell phone use does not always pose a risk to others, the evidence suggests that these laws do not reduce traffic accidents or fatalities, and a more effective alternative–-a ban on distracted driving–-is available (Maine has passed such a law)… In other cases, the application of the freedom principle to policies is indeterminate because the proper application depends on contingent facts whose truth cannot yet be verified. This is the case with most abortion laws and the death penalty, as we note in greater detail in the Introduction of the study (pages 5-6). For example, one’s view on whether legal abortion maximizes or limits freedom can depend largely on beliefs that fall outside of the policy realm and the scope of this study.”

-Jason Sorens, “What the Freedom Index Considers and Why.” This was basically where my mind went when I saw the Yglesias criticisms, though I don’t agree with all of it 100%.

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