Politics Roundtable

Politics Roundtable

Political blogs of interest to economists.

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Belmont Club


September 12, 2017, 1:13 pm, 1771328
The Road to Perdition

Two factors that are normally considered in evaluating the outcome of a contemplated action are encapsulated in the notion of an expected value. An expected value is calculated from two independent components: the probability of an outcome and the 'payoff' of that outcome, where a 'payoff' can ...


September 12, 2017, 1:13 pm, 1771329
The Agent 2

The Drudgereport carried a report of this strangely shrill exchange at a press briefing between Bush spokesman Scott McClellan and reporters. The words in the exchange are important, but not nearly as significant as the atmospherics which evoke Edvard Munch's The Scream.

Q With ...


September 12, 2017, 1:13 pm, 1771330
Three Weddings and a Funeral

Four apparently disconnected events in the past few days have served as the bellweather in the crisis called the Global War on Terror, a name now too narrow to be apt, because it has entailed a confrontation not only between terror and civilization but also Muslims ...


September 12, 2017, 1:13 pm, 1771331
The Agent

The Agency Problem arises when a conflict of interest arises between a principal and his agent. The press often represents itself as an 'agent' of the larger society, a seeker after the truth on behalf of the public. It is perfectly legitimate to ask whether a conflict of interest ...


September 12, 2017, 1:13 pm, 1771327
The Great White North

The drama surrounding attempts by Canadian PM Paul Martin to hang on to power by ignoring a no confidence vote and then offering a Conservative oppositionist a Cabinet post to switch sides has taken an dramatic turn. Conservative Canadian MP Gurmant Grewal tape recorded an attempt by the Prime Minister's chief ...


September 12, 2017, 1:13 pm, 1771326
The High Hand

Glenn Reynolds notes that the New York Times coverage of prisoner abuse in Afghanistan may not really be about prisoner abuse or even Afghanistan, but about maintaining the prestige of Newsweek. He calls it "circling the wagons", the idea being to teach press critics an object lesson in how expensive it ...


September 12, 2017, 1:13 pm, 1771323
Choose your Ghetto

KC Johnson, a professor of history at Brooklyn College and the CUNY Graduate Center, asks whether a de facto test of political correctness is being required of prospective teachers. In an article in Higher-Ed Views, Johnson writes:

The program at my own institution, Brooklyn College, exemplifies ...


September 12, 2017, 1:13 pm, 1771324
Gorgeous George Galloway 2

A number of readers (JG) and commenters have written to say that the Senate only posts prepared statements. Therefore under those terms, Galloway will not have submitted a statement and there is nothing unusual about it not being on the Senate Website and I apologize for the ...


September 12, 2017, 1:13 pm, 1771325
Gorgeous George Galloway

Reader KM points out in a private email that the testimony of George Galloway before the US Senate has gone missing. According to VUNet:

The website for the Senate Committee on Homeland Security and Government Affairs has removed testimony from UK MP George Galloway from ...


September 12, 2017, 1:13 pm, 1771322
Moved to another URL

The Belmont Club has moved to this URL: http://fallbackbelmont.blogspot.com/. The underlying cause of the outage was probably that the blog had gotten too big. I finally got Blogger to publish through the expedient of deleting some very old and forgettable posts. But I won't push my luck. Henceforward, ...