With the cessation of the recent labour action by the University of Manitoba Faculty Association, it is an opportune time to reflect on why the strike occurred. It is tempting to see this issue in classic Marxist terms, where the workers (faculty with salaries ranging from $75,000 to $140,000 per year) defend their rights against administrators who have been captured by a … [Read more...] about University teaching methods mired in the past
Archives for December 2016
Fallacies in analysing the impact of gas prices
Fallacies in gas price sensitivity Dec 27, 2017 Writing in the Financial Post, Terence Corcoran argues (read original article here) that gas prices have had no impact on the demand for gasoline. He presents the proof positive as the following chart This is a classic example of simultaneous equations bias, which typically occurs when one uses time series data to test a … [Read more...] about Fallacies in analysing the impact of gas prices
Forget rights, focus on obligations
Whenever I go for a walk, my feet each claim credit for any forward momentum. My right foot says it has all the initiative and is the real driver for my progress. It sometimes complains that my left foot just tags along, not doing the heavy lifting. My left foot replies that it plans where we should go and without its direction the right foot would carry me off … [Read more...] about Forget rights, focus on obligations
