recentpopularlog in

tsuomela : fallacy   17

EconPapers: Why economists dislike a lump of labor
"The lump-of-labor fallacy has been called one of the “best known fallacies in economics.” It is widely cited in disparagement of policies for reducing the standard hours of work, yet the authenticity of the fallacy claim is questionable, and explanations of it are inconsistent and contradictory. This article discusses recent occurrences of the fallacy claim and investigates anomalies in the claim and its history. S.J. Chapman's coherent and formerly highly regarded theory of the hours of labor is reviewed, and it is shown how that theory could lend credence to the job-creating potentiality of shorter working time policies. It concludes that substituting a dubious fallacy claim for an authentic economic theory may have obstructed fruitful dialogue about working time and the appropriate policies for regulating it. "
economics  labor  work  fallacy 
september 2011 by tsuomela
Open Left:: Misgovernment By The Fallacy of Equivocation
The fallacy of equivocation has a number of different forms, all of which involve confusing two different meanings. One of the forms is known as "switch-referencing," in which the same term is used twice, but with a different reference each time, and then a third time a conclusion is reached by falsely equating the two different meanings. This can be used, for example, to prove that a ham sandwich is better than eternal salvation:

(1) Nothing is better than eternal salvation.
(2) A ham sandwich is better than nothing.
(3) Therefore, a ham sandwich is better than eternal salvation.

Something quite similar, but not the least bit amusing, is at least partly at the root of Obama's increasingly evident problem of mis-government. The term being switch-referenced in this case is "bipartisanship."
politics  partisanship  bipartisanship  language  fallacy  equivalence  mistakes  reference 
september 2009 by tsuomela
Less Wrong: Why You're Stuck in a Narrative
Essentially, the narrative fallacy is our tendency to turn everything we see into a story - a linear chain of cause and effect, with a beginning and an end. Obviously the real world isn't like this - events are complex and interrelated, direct causation is extremely rare, and outcomes are probabilistic. Verbally, we know this - the hard part, as always, is convincing our brain of the fact.
bias  psychology  narrative  story-telling  fallacy  reasoning 
august 2009 by tsuomela
Why the world's economic leaders blame the catastrophe on the system instead of themselves. - By Daniel Gross - Slate Magazine
But at least with regard to finance and business, the consensus seems to be clear: Success is the work of Great Men and Great Women, while failure can be pinned on the system.
finance  system  success  failure  fallacy  attribution  psychology 
february 2009 by tsuomela

Copy this bookmark:





to read