Word: logicality
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...logic of the August recovery is still alive. Corporate earnings bottom out - bad macroeconomic news, after all, can be surprising only for so long before it's all discounted in. Greenspan slashes rates - and yes, we may be back to a 50-point cut (don't tell the markets because then it won't work) - and the markets shudder to life. People and businesses start feeling a little better, and spend some money. By summer's end, 12-month earnings outlooks are on the rise, and by fall some folks are even turning a profit. After all, like a repenting...
...Europe's latest bout with foot-and-mouth has served as a kind of parable for the unintended consequences, and the perverse logic, of modern agriculture. Previous outbreaks of the disease, while more deadly, were also more easily contained on local farms. But the liberalization of the European food market means that contaminated products can pass uninspected across E.U. borders. "There's much more movement than there used to be," says David Wilkins, executive director of Brussels' Eurogroup for Animal Welfare. Some critics say E.U. regulations aimed at increasing food safety have also heightened the danger of large-scale epidemics...
...heart attacks, or the bypass operations afterward that, for some reason, often leave the patient prone to depression? It would seem an odd emotional logic to become depressed after having been given new piping and a new lease on life. Some lore has it that bypass people are a little crazier than most, that the "cabbage" (coronary artery bypass) activates a wild hair. I am beginning to think there's truth in the theory that bypass surgery savages the memory (something to do with oxygen deprivation while on the heart-lung machine). My memory was once photographic. Now I have...
...poor. Any equally-applied tax system will require them to do so, and that's fair enough. But what justifies us in going further? What gives us the right to say that, because some people are good at making money, they ought to be penalized for it? Imagine such logic applied to academics. Some people aren't as bright as others against whom they compete. We should therefore make the academically gifted do some of the disadvantaged students' homework. Would you want to take such a class? Harvey C. Mansfield probably wouldn't be the only one complaining...
...trade is and why it benefits us. Yet, the answer is short and sweet. Trade means voluntary exchange between human beings, where "exchange" is meant in the broadest possible sense. Economists are usually interested in the kind of exchange that involves goods, services, currency and financial assets. Nonetheless, the logic of these "economic" exchanges is identical to the logic of every kind of nonviolent social interaction...