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Thursday, January 27, 2011
Say the Secret Word and Win $100!
In comments on the previous post, "Clearly Bad Social Policy," Arkady pointed out that Paul Samuelson committed a "lump-of-leisure fallacy" in his 1947 opus, Foundations of Economic Analysis. Arkady wins a hundred bucks for saying the secret word! It pays to read Ecological Headstand, pay attention and comment!
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I had thought the lump, both fallacy and false accusation, was isolated to labor, but the underlying fallacy gets an easy pass whenever it furthers a political purpose. That listserv correspondence is a great history, by the way.
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