Buildings Don’t Matter, Intentions Do

calI. UC Berkeley

My alma mater, the University of California at Berkeley, is an extraordinary place. It consistently ranks among the top few universities in the world. The Academic Ranking of World Universities ranked it fourth overall—behind Harvard, Stanford and MIT. It ranks world’s second best in science, and third best in engineering, and in social sciences.
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Minimum Wages

In response to my two earlier posts on “Understanding Economics” and its followup, the matter of minimum wages has come up in the comments. Some ideas have the peculiar characteristic that they appear to be good at first glance but lose much of their shine upon closer inspection. Minimum wages is one fine example of that set.
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