Dr. Jennifer Roback Morse lectures on basic economics

Dr. Jennifer Roback Morse
Dr. Jennifer Roback Morse

Here is a podcast on basic economics from Dr. Jennifer Roback Morse.

About the speaker:

Jennifer Roback Morse, Ph.D. is the founder and President of the Ruth Institute — a project of the National Organization for Marriage — which seeks to promote life-long married love to college students by creating an intellectual and social climate favorable to marriage.

She is also the Senior Research Fellow in Economics at the Acton Institute for the Study of Religion and Liberty.

She is the author of Smart Sex: Finding Life-long Love in a Hook-up World, (2005) and Love and Economics: Why the Laissez-Faire Family Doesn’t Work (2001), recently reissued in paperback, as Love and Economics: It Takes a Family to Raise a Village.

Dr. Morse served as a Research Fellow for Stanford University’s Hoover Institution from 1997-2005. She received her Ph.D. in economics from the University of Rochester in 1980 and spent a postdoctoral year at the University of Chicago during 1979-80. She taught economics at Yale University and George Mason University for 15 years.

The MP3 file is here.

Topics:

  • The study of economics is anti-postmodern – there is objective truth independent of what people think
  • The study of economics believes in fixed principles of human nature
  • Economics studies the allocation of scarce resources that have alternative uses
  • Economics studies how people exchange resources
  • How both people who engage in a voluntary trade always believe that they will be better off
  • How both people who engage in a voluntary trade both benefit from the exchange
  • How incentives motivate people to act
  • Understanding supply and demand
  • Understanding how “free” government services are rationed
  • Understanding opportunity costs
  • How prices signal producers to produce more or less, and consumers to buy or not buy
  • Market-driven prices versus price controls
  • The role of substitution
  • The necessity of allowing failure in a free market

The requirements of economic growth:

  • private property
  • contracts
  • the profit motive
  • competition
  • free trade
  • entrepreneurship, creativity and innovation
  • the rule of law

If you want to learn more about basic economics, I recommend picking up a book or two by Thomas Sowell – the first book I usually give away is “Intellectuals and Society”, and then next “Basic Economics”.

New study: adopted kids struggle, even with well-educated, wealthy parents

I’ll explain why I am posting this below, but for now, let’s take a look at the study, which is discussed at Family Studies. (H/T Brad Wilcox tweet)

Excerpt:

To expand what we know about adopted students, for this Institute for Family Studies research brief, I carried out a fresh analysis of data from a large longitudinal study of 19,000 kindergarten students that was conducted by the National Center for Education Statistics beginning in 1998.

[…]Kindergarten and first-grade teachers were asked to rate the classroom behavior of children in the ECLS-K sample—how well they got along with other children in a group situation. In both the fall of kindergarten and the spring of first grade, adopted children were more likely than biological ones to be reported to get angry easily and often argue or fight with other students.

Here’s the first chart:

Adopted kids struggle in school
Adopted kids more likely to engage in problem behaviors

And more results:

Children in the ECLS-K were also rated by their teachers on how well they paid attention in class, whether they seemed eager to learn new things, and whether they persisted at challenging learning tasks. Scores on these measures have proven to be predictive of later academic performance and career success beyond elementary school.5 Adopted children were rated less highly with respect to such positive approaches to learning than were children being raised by both birth parents.

Here’s the second chart:

Adopted kids struggle to pay attention in class
Adopted kids struggle to pay attention in class

And even more results:

As the participating children began kindergarten, the ECLS-K assessed their pre-reading skills, such as recognizing letters by name, associating sounds with letters, identifying simple words by sight.

Here’s the third chart:

Adopted kids struggle with reading skills
Adopted kids struggle with reading skills

And now math results:

In the fall of their kindergarten year, the ECLS-K assessed children’s pre-arithmetic skills like counting by rote, recognizing written numerals, and understanding greater, lesser, and equal relationships.

Here’s the fourth chart:

Adopted kids struggle with math skills
Adopted kids struggle with math skills

The article concludes:

Attachment theory holds that a warm, intimate, and continuous relationship with at least one adult, usually the mother, is essential for the mental health of infants and young children. Children who do not develop a stable and secure bond during early childhood, or have the bond disrupted, are subject to both short-term distress reactions and longer-term abnormalities in their feelings and behavior toward other people. Not having a stable maternal bond is apt to produce long-lasting deficits in the child’s social development, deficiencies that are not easily remedied by a new home environment, no matter how favorable.

Some adopted children experienced neglect, abuse, or other stressful events prior to their adoption. According to traumatic stress theory, the likelihood of long-term emotional scars depends on the intensity and duration of the stress. Severe or prolonged early stress can have long-lasting effects on a child’s development, effects that a supportive adoptive family may only partly ameliorate.

So what do I want to say about this? I want to warn young women, especially young Christian women, that children work best when grown-ups plan their lives in such a way that they can provide for what the children need, at the time they need it. And if you miss the window of opportunity to have your own kids and raise them yourself, then you can’t just fix it at the last minute with ad hoc alternatives.

But for some reason, I get a lot of kickback from young women when I tell them what studies say about things like marriage, premarital sex, cohabitation, infertility, day care, and on and on and on. The Christian women in particular dismiss all the facts with stuff like:

God is leading me to choose fun and thrills now. That’s what my feelings say (and all my friends and family tell me that my feelings are God speaking to me). Tingles and peer-approval rationalize my choice to delay marriage and child-bearing. Who cares about stuff evidence? I don’t like to hear about constraints and deadlines. So I’ll just keep up this plan to run up debts, go on missionary trips, and have fun traveling till I’m 90 years old. God always calls people to do what feels good. I’m going on an adventure! And it will be easy to find a good husband and raise happy and effective kids later – whenever I feel like it. Er, I mean when God leads me to feel like it. Yeah.

So even though all of these studies show the need for timings, pre-conditions, best practices, and so on, that can all be dismissed because the feelings are God speaking to her, and God can somehow magically make all the data not apply to her. One of my married friends once wrote to a young, single fun-seeking feminist telling her about the risks of delaying marriage and child-bearing for too long, and the fun-seeker came back to me dismissing the whole letter because “I don’t like the feeling that I am being constrained”. So, the advice of old Christian women (Titus 2:4) can be dismissed because the young adventurous feminist didn’t like the feeling of being confronted by reality by someone who had more wisdom and experience than she did.

What young children need is their mom, and a Dad who can provide for her to stay home during the crucial first 5 years of their lives. That is more important than pursuing fun and thrills, then grabbing for children as if they were handbags at the last second after natural child-bearing becomes impossible. The right thing to do is to use your 20s preparing financially and otherwise to have kids when you are young, and to be financially set up to stay home with them during the critical years. Choosing a man who can provide, and who understands the best practices for having and raising children is vital, if you want your children to be effective and influential for Christ and his kingdom.

I do think that if a couple is intentionally adopting because they want the challenge and want to help a child who really needs it, then it’s praiseworthy to do that. I just don’t want someone who isn’t ready for the challenge thinking that adoption is the same, so they can delay marriage and children.I know that I am lazy, and I always want to do things the easy way. E.g. – I buy new cars, not used cars. I will buy hand-fed birds, not rescue birds. I would buy a new house, not a fixer-upper. I’m just not cut out for doing things that are hard. I have no ability to struggle through when there is resistance. When I face rejection or resistance to trying to grow or lead someone, I just give up. I think what I was saying to young women was – don’t delay marriage and child-bearing, you’ll get better results with less work.

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Ted Cruz questions Sierra Club President about global warming science

Now, Ted Cruz is currently my #2 choice behind the excellent Governor of Louisiana, Bobby Jindal. However, this 10-minute video of Ted Cruz doing what I think he does best must be blogged.

Here is the video (10 minutes):

And the Daily Signal has the story.

Excerpt:

Sen. Ted Cruz’s questioning of Sierra Club President Aaron Mair turned contentious Tuesday, then went viral when the Texas Republican posted the nearly 10-minute exchange.

Cruz repeatedly pressed Mair to address satellite data that found an 18-year pause in global warming, countering the Sierra Club’s claim of a warming trend. He asked the green group to retract its assertion that the “planet is cooking” in light of scientific evidence suggesting the opposite.

Mair stonewalled the question each time, answering only that his group supports the “97 percent of scientists that say the exact opposite.”

“So if the data are contrary to your testimony, would the Sierra Club issue a retraction?” Cruz asked.

“Sir, we concur with the 97-percent scientific consensus with regards to global warming,” Mair responded.

The two battled back and forth in a contentious exchange until Cruz concluded in frustration that Mair was unwilling to rescind his claim.

“You know, Mr. Mair, I find it striking that for a public policy organization that purports to focus exclusively on environmental issues, that you’re not willing to tell this committee that you would issue a retraction if your testimony is objectively false under scientific data,” Cruz said. “That undermines the credibility of any organization.”

Now, the knock on Cruz is that he has not been able to accomplish much as a legislator. I am looking for someone who can craft legislation that gets enough votes between the two parties to move forward and either get vetoed, or get turned into law. Cruz sounds so good when he talks, but I want a candidate who has more policy accomplishments and has successfully defended his policies and decisions from attacks.

Bobby Jindal is my top pick for exactly that reason. Rather than merely saying the things I want to hear, he adds doing the things I want to be done to his words.

Take a look at this article from the Washington Post, which looks at which candidate was the most effective at moving legislation, and getting bills turned into laws.

It says:

Jindal got 1.7 laws passed for every year he spent in the House, far more than anyone else.

By sponsored bills, he also comes out on top, though John Kasich also had a relatively high percentage of the bills he sponsored in the House see the president’s pen.

So who is the most effective legislator running for president? By this metric, we’ll give it to Jindal.

Here’s the graph:

Governor Bobby Jindal is the best at getting things done
Governor Bobby Jindal is the best at getting things done

Let’s look a bit more at the differences between Cruz and Jindal. First, Jindal is a policy guru, and has got things done in education and health care policy going back as far as 1996, when he was only 24 years old and go the job to take over state-level health care policy in Louisiana. He knocked it out of the park. As Governor of Louisiana, he put into place a state-wide voucher program and privatized many wasteful, bloated government programs. And he was willing to battle against the Obama administration to keep his “parent’s choice” education plan. He is the only GOP primary candidate with a detailed plan to repeal and replace Obamacare, and because of his past success, we know that he is competent to do that job. We don’t have to just believe his words, we can look at his accomplishments. And Jindal is the most socially conservative candidate in the race. Whether it’s on abortion or gay marriage, we don’t have to trust mere words. We have something better: actions. Cruz does not have the record on social issues that Jindal has. And what’s more, I don’t think that Cruz is as conservative on social issues as Jindal is.

So, that’s why Jindal is my number one pick right now, and Cruz is number two. We are losing a lot of experience and achievements if we have to fall back to Cruz. He would make a good attorney general, but he is not the best qualified conservative in the primary. Jindal is.