Tag Archives: economics

LOW: On the One Percent

Just because the one percent is inevitable doesn't mean you should be a d!ck about it.  One percent net worth pareto economics income gap beard comic hurk.

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November , 2013 · am

LOW: On the Opportunity Cost of Governance

the opportunity cost of government as explained by bastiat beard comics robot overlords in office

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May , 2013 · am

LOW: On Democracy’s Problem

how politics are like financial markets and also hungry hungry hippos beard comic

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March , 2013 · am

“So much of Life is predicated on scarcity. Do not squander your chin’s natural abundance.”

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Beard of Action: Jonathan Swift

Swift

As one of history’s preeminent satirists, Jonathan Swift is unfortunately remembered more often today for his writing than for his fine jet-black beard, an error which we do hereby rectify.  Nevertheless, his most enduring novel, Gulliver’s Travels, stands as a monument to subtle social comedy and we would be remiss to completely ignore Swift’s literary achievements.  Thus, if you can pry your eyes from the obsidian glory of the Beard of Action pictured above for just a moment, we invite you to read Swift’s A Modest Proposal after the jump, courtesy of Project Gutenberg. Continue reading

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Beard of Action: Vilfredo Federico Damaso Pareto

Vilfredo_Pareto

“In any given social distribution, it is invariably 20% of the beards that grow 80% of the whiskers.”

Italian engineer, economist, and philosopher, Vilfredo Pareto, has outlived the amnesic annals of history in eponymous fashion, being most often associated with the widely accepted and applied concepts of Pareto efficiency and Pareto distribution.  These contributions helped to evolve the study of economics from its rational philosophy roots into an empirically researched science, thus propelling social engineering of the early 20th century.  Despite the somewhat bleak nature of the power law Pareto discovered (and subsequent political use of it), we hereby name him a pioneering and analytic Beard of Action.

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LOW: Can Money Buy Happiness?

Bitcoining Happiness economic theory ecash beard comic greed

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January , 2013 · am