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Posts Tagged ‘Conventional Wisdom’

Hamermesh’s Corollary

In the last minutes before we depart to the airport, our clothesdryer breaks down, potentially leaving our housesitter high but not dry.  Murphy’s Law states: “Anything that can go wrong will go wrong.” This well-known aphorism ignores the crucial fact that things go wrong at different times, and that the opportunity cost of our time varies.  I don’t mind if things break down when I have time to worry about and solve the problem.  But that doesn’t happen.  

Better Off Dead: A Q&A With the Author of The Tyranny of Dead Ideas

Matt Miller It isn’t hard to think of ideas that were once considered conventional wisdom — “Women shouldn’t vote,” “People should be segregated by race” — but were eventually laid to rest. In his book The Tyranny of Dead Ideas: Letting Go of the Old Ways of Thinking to Unleash A New Prosperity, Matt Miller writes that the country’s biggest . . .

Love Your Job? That Doesn’t Mean You’re Better at It

The conventional employer wisdom has always been that a happy employee is a more productive employee. Countless dollars are spent every year on initiatives to raise employee morale, create camaraderie in the workplace, and eliminate practices that could lead to a hostile work environment, all so that companies can boost their retention rates and productivity levels. So is it really . . .

College Football Polls Aren’t What You Think

It may not be surprising to you that Trevon D. Logan, an economics professor at Ohio State University, is interested in college football. Ohio State is, after all, a football mecca (as we experienced first-hand some time ago). What may surprise you, however, is what Logan has concluded about college football polls. In a new working paper, Logan used 25 . . .