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Date: Thursday, 18 Sep 2014 13:00
(September 18, 2014 12:00 PM, by David Henderson) Scotland's greater statism and, ironically for the birth place of Adam Smith, suspicion of capitalism, is a potent obstacle to reform in England and Wales. It is also a serious danger to economic prosperity north of the border. Sooner or... (4 COMMENTS)
Author: "David Henderson" Tags: "Cross-country Comparisons"
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Date: Thursday, 18 Sep 2014 07:30
(September 18, 2014 06:30 AM, by Alberto Mingardi) Clive Crook has a taste for contrarian views that makes him well worth reading. He wrote two articles on Scottish independence. Here he emphasizes the reasons why Scotland shouldn't go for secession, though he points out also the dishonesty on... (0 COMMENTS)
Author: "Alberto Mingardi" Tags: "Eurozone crisis"
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Date: Thursday, 18 Sep 2014 01:01
(September 18, 2014 12:01 AM, by Bryan Caplan) On Twitter, Mark Krikorian opined that, "Desire for membership in a tribe is as inherent to the human personality as some form of body covering."  He's not exactly wrong, but omits three essential caveats.1. Desire for tribal membership varies widely. ... (14 COMMENTS)
Author: "Bryan Caplan" Tags: "Behavioral Economics and Rationality"
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Date: Wednesday, 17 Sep 2014 17:45
(September 17, 2014 04:45 PM, by Art Carden) In early 2013, I had the privilege of speaking at a student conference in Brazil. While I was making my travel arrangements, I asked my Facebook network whether I should pay the extra $100 for Economy Comfort on the international... (3 COMMENTS)
Author: "Art Carden"
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Date: Wednesday, 17 Sep 2014 12:45
(September 17, 2014 11:45 AM, by Art Carden) This morning, our six-year-old earned fifty cents. That fifty cents topped of the money he has been earning recently and gave him enough to buy a $17 toy he wants. I couldn't be prouder: when he wants something, he finds... (12 COMMENTS)
Author: "Art Carden" Tags: "Family Economics"
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Date: Wednesday, 17 Sep 2014 02:00
(September 17, 2014 01:00 AM, by David Henderson) Earlier this week, I posted a 1983 memo that I wrote to my boss at the Council of Economic Advisers, Martin Feldstein, about a meeting to discuss relaxing the limits on exports of Alaskan oil. Below is a follow-up memo... (0 COMMENTS)
Author: "David Henderson" Tags: "International Trade"
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Date: Wednesday, 17 Sep 2014 01:08
(September 17, 2014 12:08 AM, by Bryan Caplan) In the past, I've argued that Steve Sailer's citizenism is a moral travesty.  Advancing the interests of your in-group should always play second fiddle to respecting the rights of out-groups.  But recently, he presented what sounds like a universal argument... (7 COMMENTS)
Author: "Bryan Caplan" Tags: "Economic Philosophy"
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Date: Tuesday, 16 Sep 2014 12:45
(September 16, 2014 11:45 AM, by Art Carden) Stanley Hauerwas, War and the American Difference: Theological Reflections on Violence and National Identity. This wasn't really "recent" as it was several months ago, but Hauerwas spoke at Samford last semester. Hauerwas discusses war--a key sacrament of civic religion--from a... (2 COMMENTS)
Author: "Art Carden" Tags: "Books: Reviews and Suggested Readings"
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Date: Tuesday, 16 Sep 2014 12:34
(September 16, 2014 11:34 AM, by Bryan Caplan) As far as I can tell, spending statistics for education do not count implicit land rent as part of the cost of education.  The Digest of Education Statistics' Table 213 for example, states that:Current expenditures include instruction, support services, food... (2 COMMENTS)
Author: "Bryan Caplan" Tags: "Cost-benefit Analysis"
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Date: Tuesday, 16 Sep 2014 09:35
(September 16, 2014 08:35 AM, by Scott Sumner) This is beginning to sound like a broken record. A reformist right-wing government does lots of good things, trimming the size of the public sector. It promises monetary stability but delivers instability---a contractionary monetary shock. This time it was in... (6 COMMENTS)
Author: "Scott Sumner" Tags: "Monetary Policy"
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Date: Tuesday, 16 Sep 2014 03:19
(September 16, 2014 02:19 AM, by David Henderson) I'm a big fan of Vanguard. All of my IRA-type assets are in Vanguard funds. And when I mistakenly claimed in a Wall Street Journal that John (Jack) Bogle, who started Vanguard, had learned from work by Eugene Fama, Bogle... (2 COMMENTS)
Author: "David Henderson" Tags: "Finance"
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Date: Monday, 15 Sep 2014 14:49
(September 15, 2014 01:49 PM, by David Henderson) Last week, I posted here and here about Larry Summers's excellent talk in which he advocated removing the ban on U.S. oil exports. I then remembered that when I was the Senior Economist for Energy Policy with President Reagan's Council... (2 COMMENTS)
Author: "David Henderson" Tags: "International Trade"
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Date: Monday, 15 Sep 2014 12:45
(September 15, 2014 11:45 AM, by Art Carden) It's happened. A few weeks ago I finally bought Minecraft for the kids (the Pocket Edition for mobile devices is only about $7). We're still learning the ins and outs of the game, and early going has meant periodic frustration... (5 COMMENTS)
Author: "Art Carden" Tags: "Economics of Education"
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Date: Monday, 15 Sep 2014 02:20
(September 15, 2014 01:20 AM, by Bryan Caplan) Martin Gilens' Affluence and Influence argues that when America's rich disagree with their fellow citizens, American democracy heeds the rich.  His evidence is hardly airtight, but by the standards of social science, it's fairly compelling.  To me, he provides an... (6 COMMENTS)
Author: "Bryan Caplan" Tags: "Behavioral Economics and Rationality"
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Date: Sunday, 14 Sep 2014 08:01
(September 14, 2014 07:01 AM, by Alberto Mingardi) Is secession a recipe for disaster? There seems to be an emerging consensus on the point, at least in the case of Scotland. I shall confess I am biased in the opposite direction. I read this piece by Murray Rothbard... (12 COMMENTS)
Author: "Alberto Mingardi" Tags: "Eurozone crisis"
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Date: Sunday, 14 Sep 2014 00:30
(September 13, 2014 11:30 PM, by Scott Sumner) Matt Yglesias has a good post that goes right at the "smiley-face" view of early US history--that we were a great country save for the regrettable aberration of slavery. He doesn't pull any punches: Specifically, white Americans conquered a vast... (16 COMMENTS)
Author: "Scott Sumner" Tags: "Growth: Causal Factors"
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Date: Saturday, 13 Sep 2014 22:02
(September 13, 2014 09:02 PM, by Bryan Caplan) The noble Dylan Matthews interviewed me on open borders for Vox.  Here's his write-up.  Here's the full interview.  We shall overcome.... (13 COMMENTS)
Author: "Bryan Caplan" Tags: "Cost-benefit Analysis"
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Date: Saturday, 13 Sep 2014 18:40
(September 13, 2014 05:40 PM, by David Henderson) Yesterday, I posted about Larry Summers's excellent speech making the case against government restrictions on exports of oil and natural gas. It was getting overly long and so this is Part II. I'll start by highlighting, and responding to, the... (4 COMMENTS)
Author: "David Henderson" Tags: "Energy, Environment, Resources"
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Date: Saturday, 13 Sep 2014 08:01
(September 13, 2014 07:01 AM, by Alberto Mingardi) A sloppy government bureaucracy isn't a very admirable thing. But it may look better, if you compare it with an efficient government bureaucracy. Have a look to this post by Michael S. Greve, who blogs on an incident involving him... (0 COMMENTS)
Author: "Alberto Mingardi" Tags: "Property Rights"
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Date: Friday, 12 Sep 2014 18:06
(September 12, 2014 05:06 PM, by Scott Sumner) A few weeks ago I did a post pointing out that pundits on both the left and the right have moved further to the extremes, and away from sensible policy views. I just noticed another example today, an article... (16 COMMENTS)
Author: "Scott Sumner" Tags: "Labor Market"
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