I was listening to the song “Spill the Wine,” by Eric Burdon & War, and it got me thinking about west and east coast approaches to spilled wine and seduction. Before you go any further, crank up the song now, or go get it on iTunes. Really, don’t go any further until the song is playing.
Over the last decade a group of economists and scholars in other disciplines have challenged the fundamental assumptions of neoclassical economics. Most notably, “behavioral economists” and their fellow travelers have presented persuasive evidence that people make consistent and fundamental errors in assessing risk, and that most people in many contexts place a high value on fairness and altruism relative to material well being.
I contend that this intellectual movement can be characterized as a shift from east coasterly to west coasterly scholarship.
I. First, check out some of the leaders from the old and new school. Here are Richard Posner and Richard Epstein, old line economists, in their faculty profile pictures:
Wow. Can you get more east coast? Now check out leading behavioral economists Matthew Rabin and Samuel Bowles, also in their faculty pictures:
Dude, where’s my slide rule? These guys fucking rock. Continue Reading »
What? You say you’re a scientist who wants a little west coast action, but you’re stuck in your MIT/Harvard/UPenn lab all day? Think you’re still human, but starting to feel like your protein chains hook up more than you do? Check it, especially around 3:00.
This is how life could have been for all of us if this country had let a little more of the free loving west coast into its heart.
(It’s hard to believe now but I don’t think this film was meant to be the least bit ironic.)
ROB
-we move to sunny L.A. All of show business is out there, Max.
ALVY
No, I cannot. You keep bringing it up, but I don’t wanna live in a city where the only cultural advantage is that you can make a right turn on a red light.
ROB
(Checking his watch)
Right, Max, forget it. Aren’t you gonna be late for meeting Annie?
The names of the west and east coast electronic toll collection system are really torquing my mind. In California they call it “FasTrak.” But that’s an east coast name. On the east coast (Virginia-Maine) they call it “E-ZPass.” But that’s a west coast name. Why are these traffic agencies fronting? (And why purple?)
Props to City of Progress, and their album “Bi-Coastal Curious,” for inspiring the name of this blog. I don’t know if they originated the term, but as far I know they are the first and only to put it in musical form.