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AEA Admits It Doesn’t Know the Literature |
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African-American lives matter |
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Bloody Tulsa: Trump, History, and the Absurdity of Voter Choice |
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Health Professionals Show What Matters. Hint: It’s Not Health |
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Keynes, Friedman and champagne |
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Five Books: The Soviet Butcher’s Bill Comes Due |
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Behavioral Economics 10% Less Democracy By Bryan Caplan I'm a great admirer of my colleague (and former EconLog blogger) Garett Jones' Hive Mind. His new 10% Less Democracy: Why You Should Trust Elites a Little More and the Ma***es a Little Less is a worthy successor. Though less revolutionary, 10% Less Democracy presents a mighty and succinct case that "populism... 6 Read More |
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May 4 2020 Liberty Cla***ics Liberalism versus the State By Alberto Mingardi A Liberty Cla***ic Book Review of Liberalism: The Cla***ical Tradition, by Ludwig von Mises. Liberty Fund. 1962. Tr. by Ralph Raico.1 "The social order created by the philosophy of the Enlightenment a***igned supremacy to the common man." These are the very first words from the 1962 Preface that Ludwig von Mises wrote ... Read More |
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Jun 11 2020 Labor Market AEA Admits It Doesn't Know the Literature By David Henderson We recognize that we have only begun to understand racism and its impact on our profession and our discipline. This is an astounding statement from the "officers and governance committees of the American Economic a***ociation," published June 5. Here's the whole statement. Like them, I don't know much about racism's... 10 Read More |
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John Gray "John Stuart Mill: Traditional and Revisionist Int... By John N. Gray The traditional interpretation pictures John Stuart Mill (1806-1873) as one of history's paradigmatic transitional thinkers. Situated uncertainly in a no-man's land between the rival intellectual traditions of nineteenth-century England, Mill in his writings displays no settled or coherent doctrine on social and politi... Read More |
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Jun 10 2020 Behavioral Economics 10% Less Democracy By Bryan Caplan I'm a great admirer of my colleague (and former EconLog blogger) Garett Jones' Hive Mind. His new 10% Less Democracy: Why You Should Trust Elites a Little More and the Ma***es a Little Less is a worthy successor. Though less revolutionary, 10% Less Democracy presents a mighty and succinct case that "populism... Read More |
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Government Policy Energy By Jerry Taylor and Peter Van Doren Most of the energy consumed in America today is produced from the combustion of fossil fuels, primarily oil, coal, and natural gas. Energy can be generated, however, in any number of ways. Figure 1 indicates the sources of energy employed by the American economy as of February 2004. Figure 1 U.S. ... Read More |
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The basic elements of economic theory are, of course, the actions of human beings. The science consists in the efforts to predict the effects on human behavior induced by specific changes in the environment." James M. Buchanan, Cost and Choice: An Inquiry in Economic Theory |
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Jun 7 2020 Liberty Is Being a Cop So Dangerous? By Pierre Lemieux Any defendable normative political philosophy---at any rate, any cla***ical-liberal one---holds that policemen are the citizens’ servants, not their masters. A policeman owes respect to a peaceful citizen and, to a certain point, even to a violent one. The policeman is paid by the citizen, not the other way around. Wh... Read More |
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Jun 1 2020 Book Review Intellectuals Caught in the Middle By Arnold Kling Trump crushed his challengers in the New Hamps***re primary, leading to widespread panic among many elite conservatives, and the birth of the #nevertrump hashtag that would give the anti-Trump movement its name. Yet Republican primary voters weren't paying attention. Despite overwhelming opposition to Trump among the co... Read More |
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Biography Eugene Fama 1939- Eugene Fama shared the 2013 Nobel Prize in Economic Sciences with Robert s***ller and Lars Peter Hansen. The three received the prize for “for their empirical analysis of stock prices.” Fama has played a key role in the development of modern finance, with major contributions to a broad ran... Read More |
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Feb 3 2020 Article Raj Chetty and the New Scientism: Big Data, Econo... By Nikolai Wenzel Reveries of a Solitary Walker I confess that I am an atypical tourist. When last in Paris, I eschewed the charred Notre Dame cathedral and the urban oasis of the Luxembourg Gardens. Instead, I headed to the Citéco1 Museum of the Economy. The museum is quite well done, with foundational exhibits on exchange, individua... Read More |
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