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Clay Shentrup
Clay Shentrup

284 Followers

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Published in

effective economics

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lvt productivity

there’s a claim that lvt is beneficial because it causes land to be more productively allocated. but this is irrational, because the the measure of “productivity” is just “how much someone will pay for something”, and land is always owned by whoever pays the most for it, by definition. for…

Economics

2 min read

Economics

2 min read


Pinned

the gift card fallacy - a simple analogy for understanding deadweight loss in social programs

introduction picture this: you get a 100$ gift card for a store you don't really like. you'd prefer the cash, so you could spend it however you want. this is a simple example of what economists call "deadweight loss." in this blog post, we'll use the "gift card fallacy" to help…

3 min read

3 min read


Pinned

The term "marketerian" has been proposed to represent a fundamental belief in markets and optimal…

The term "marketerian" has been proposed to represent a fundamental belief in markets and optimal tax theory. It advocates for taxes that have negative or neutral deadweight loss, such as a carbon tax and a land value tax, respectively. In addition, it advocates for a basic income as a means…

2 min read

2 min read


May 8

jeremiah johnson falls for the lvt myth

there’s a pernicious myth out there, often claimed by georgists, that land value taxes would effectively have negative deadweight loss because they’d encourage more productive use of land. i’ve voluminously debunked this myth, as have many others. unfortunately, Jeremiah Johnson, a co-founder of the neoliberal project, and a person for…

3 min read

3 min read


Apr 16

understanding social utility through harsanyi’s argument

introduction — people often debate whether it's possible to sum individual utilities to create a social utility. there are many traditional arguments against this idea, usually materialist in nature, claiming that utility should ultimately be quantifiable, like the number of dopamine molecules in one's brain. however, for practical purposes, we can avoid…

2 min read

2 min read


Mar 26

many people mistakenly assume that the concept of utility is a meaningless tautology.

many people mistakenly assume that the concept of utility is a meaningless tautology. they believe it's both the thing we're trying to optimize and the thing we're trying to measure. however, this is a fundamental misunderstanding. utility can be expressed as a significant mathematical concept with practical applications. let's imagine…

1 min read

1 min read


Published in

Extreme Programming

·Mar 8

team structures

most companies scale teams and “territory” (namely, codebases) in an unstructured, evolutionary, ad hoc way. i once watched a talk about scaling while staying agile, and it inspired me to illustrate this with a specific hypothetical structure. let’s say we have an organization which can have one or more services…

2 min read

2 min read


Feb 23

prices are a shortcut

i recently encountered a stridently market-denying leftist on twitter, and i think their common misconceptions of economics are instructive. at one point i asked: suppose bob and alice have their lottery assigned homes, assigned by you, and they talk and realize they’d prefer each other’s house. should they be allowed…

3 min read

prices are a shortcut
prices are a shortcut

3 min read


Published in

Extreme Programming

·Updated Feb 10

simpler enums in typescript

i often see typescript enums used as constraints for redux actions and the like. for example: enum ActionTypes { GO = 'GO', STOP = 'STOP', } export const goAction = createAction(ActionTypes.GO, (resolve) => { return (payload?: any) => resolve(payload); }); function funcThatAcceptsAnAction(action: ActionTypes) { ... } it would be far…

1 min read

1 min read


Jan 23

cost

“cost” is defined as an amount that has to be paid or spent to buy or obtain something. suppose you can buy a cookie at the local bakery for 3$. the cost of that cookie is thus, by definition, 3$. that’s what you pay to obtain it. but what if…

3 min read

3 min read

Clay Shentrup

Clay Shentrup

284 Followers

advocate of score voting and approval voting. software engineer.

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