Marcus Shera

Asst. Prof of Economics at Eastern University | Econ History, Lord of the Rings, Economics of Religion, Adam Smith 🇦🇲🇺🇸🇦🇲| ☦️

[Marcus Shera @MarcusShera]

A new working paper with @KurtisHingl "Ideas, Institutions, and Incompleteness".

We discuss the interaction between contract incompleteness and institutional economics, as well as how the survival of institutions depends on the ideas that motivate them.

https://t.co/QalJ6A4ADq

[Marcus Shera @MarcusShera]

https://t.co/SIryQtEyOS

[The Libertarian Institute @LibertarianInst]

Adam Smith and Equality of Force
https://t.co/2EDgukNuJc

[CJDJEJ @CJDJEJ3]

Mere Christianity and mere beholderism:
https://t.co/c0aKpx1Ny5

[CJDJEJ @CJDJEJ3]

Smithian liberalism is the will to develop and improve social accountability (most fundamentally, the conscience) for the initiation of coercion.
Such accountability begins with understanding what “the initiation of coercion” means.
Next comes norms, institutions, rules for accountability for manifestations of the initiation of coercion:
1. between jural equals,
2. between ruler/governor and ruled/governed,
3. between governments.
Number (3) involves rules for war and rules in war.

[Justin Amash @justinamash]

I’m honored to be a founding board member of the St. Nicholas Cabasilas Institute for Orthodoxy & Liberty. Thanks to @DylanPahman for his vision and leadership in bringing this organization to life.

The Cabasilas Institute’s mission is to equip Orthodox clergy and laity to navigate the intersection between Orthodox Christian Holy Tradition and the principles and institutions of free and flourishing societies.

Regardless of your religious background, I hope you’ll look into the work we’ll be doing to apply the principles of Orthodoxy and liberty to contemporary issues.

[Kurtis Hingl @KurtisHingl]

Is there ever a case of internal reform that successfully resolves a Goodhart-ing episode?
Seems like all resolutions that come to mind come from institutional collapse and replacement. Apply as you will...

[Marcus Shera @MarcusShera]

@KurtisHingl The form of monitoring that cannot be goodharted is one with consistently high quality, but which can observe all cases directly.

A rule can be captured, an impartial spectator cannot.

@C_Harwick https://t.co/EafSRwjr2L

[Marcus Shera @MarcusShera]

@PeterPashute Not sure I explain why Prots (rarely) have (formal) monks in that paper, but hopefully papers in the future.

[Marcus Shera @MarcusShera]

What the Sopranos is to psychology, the Wire is to economics.

[Marcus Shera @MarcusShera]

With my @filmlink app I downloaded the new @SonyPictures movie @MadameWeb in theaters February 14th.

[George Harrell @geharrell]

This was a phenomenal conversation between @MarcusShera and @PaulVanderKlay on rules-based vs. hierarchical systems.

[Luke Thompson @ThePersonPod]

🧵
@klwong43 @Jacobionite @G_M_H_ @MarcusShera @CassidyvdK @mattcrotts @PresidentFoxman @MCMoSav @JessPurviance @jeremyfirth

Adjacent contributing figures: @PageauJonathan @DrJohnVervaeke @PaulAnleitner @RafeKelley @jgreenhall @KenLowry8 @rossbyrd @aqualityexiste1 @johnfromftf

[Dylan Pahman @DylanPahman]

The Kingdom of God and the Common Good is out today! Here are three places you can get it:

Ancient Faith: https://t.co/N3frUFZ7VP

Amazon: https://t.co/4HQUEmMDYY

Barnes & Noble: https://t.co/Ex4dftdTO5

[Marcus Shera @MarcusShera]

If you're ever bored by an economist talking to you for too long. You can just say at any point "Doesn't it depend on the elasticity?" They'll be stuck there for a few minutes and you'll have time to walk away.

[Marcus Shera @MarcusShera]

It's possible that the current gerontocracy is not a new equilibrium but the same one it's always been just having the scalar for life expectancy shifted.

[Marcus Shera @MarcusShera]

How hard can it be to make a submarine? It doesn't even need to float.

[Marcus Shera @MarcusShera]

When a Cutco Rep advertises their knives to you they are simultaneously convincing you of the quality of the product and the ease with which they can dispense of you if you turn them down.

[Paul Vander Klay @PaulVanderKlay]

.@MarcusShera has released the Dan Klein "Mere Beholderism" series. I had the privilege of participating in it. I thought it an interesting parallel to Peterson Sphere/TLC developments. https://t.co/6fq3s4aYNa

[Paul Vander Klay @PaulVanderKlay]

.@MarcusShera brought me into this thing. What a treat! https://t.co/XNAWcW0qGd