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Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:8647
Posts / Week:24
Archived Since:March 2, 2008

Blog Post Archive

The Jevons Fallacy

(February 1, 2015 12:43 PM, by David Henderson) Noah Smith writes: And while our use of natural gas and coal doesn't feed the coffers of unsavory regimes like Russia and Saudi Arabia the way our use of oil does, it's still the case that these energy sources are... (0 COMMENTS)

The CBO's forecast, with and without "austerity"

(January 30, 2015 10:38 AM, by Scott Sumner) After my previous post, commenters James (in London) and Jeff directed me to the official CBO forecasts of August 2012, with and without austerity: CBO's Baseline: Taking into account the policy changes listed above and others contained in current law,... (0 COMMENTS)

On Greece

(January 29, 2015 11:07 AM, by Alberto Mingardi) The world is pondering the odds of Mr Tsipras and Syriza succeeding. To win an election on a rather populist platform might be easy, but governing and entering into highly complex negotiations with European authorities is a different matter. I... (0 COMMENTS)

What is Ray Lopez Missing?

(January 29, 2015 10:55 AM, by David Henderson) Regular Econlog commenter Ray Lopez writes, in response to Scott Sumner: My first objection: aside from the "Open Letter" by the liberal leaning economists, that indeed predicted a 'double-dip recession' if sequestration happened, who else predicted a recession? Not the... (0 COMMENTS)

Lawson's Economic Freedom Bet

(January 29, 2015 12:04 AM, by Bryan Caplan) In the face of Jeff Sachs' challenge, Bob Lawson proposes a bet on economic freedom:"Dear Tyler, I read with obvious interest your post (and the paper itself) about the endogeneity of institutions. Leaving aside my issues with the IV literature,... (0 COMMENTS)

Questions for Keynesians (Show me the data)

(January 28, 2015 01:37 PM, by Scott Sumner) I'm seeing lots of comments to the effect that the 2013 austerity was not a big deal, and or the dreaded "fiscal cliff" never happened. OK, let's see some numbers. After all, if my critics just know that I am... (0 COMMENTS)

Tsipras and electoral reform

(January 28, 2015 07:15 AM, by Alberto Mingardi) Alexis Tsipras and Syriza have won the Greek elections on a platform that entails, roughly speaking, 12 billion euros of additional public spending. The program (see here) is certainly questionable on many, many points, but it is still a big... (0 COMMENTS)

Voltaire Reconsidered

(January 28, 2015 12:05 AM, by Bryan Caplan) Voltaire never actually said, "I disapprove of what you say, but I will defend to the death your right to say it." But Voltaire would probably embrace this line - just like legions of other smart, well-meaning people. Interpreted poetically,... (0 COMMENTS)

Some Californians versus the State

(January 27, 2015 03:32 PM, by David Henderson) Against Collectivism In the last year I have made our sister legal blog, Library of Law and Liberty, part of my newsfeed. I read most of their posts and learn from many of them. Today, blogger and George Mason University... (0 COMMENTS)

Stone Age Economics

(January 27, 2015 10:44 AM, by Scott Sumner) Back in 2000, Robin Hanson wrote a paper entitled "Shall We Vote on Values, But Bet on Beliefs?", which offered a way forward for economics in the 21st century. Unfortunately his ideas were ignored (and even ridiculed) and today we... (0 COMMENTS)

The Lone Collectivist

(January 27, 2015 12:32 AM, by Bryan Caplan) When you're a normal member of your society, the appeal of collectivism is easy to understand. Most people believe what you believe and enjoy what you enjoy. So wouldn't it be great if society as a whole continuously celebrated your... (0 COMMENTS)

A Lesson in Rhetoric

(January 26, 2015 07:52 PM, by David Henderson) A lesson I learned early in life On Facebook yesterday, an economist friend wrote that, in criticizing work by Thomas Piketty, he was claiming that Piketty is arrogant. He asked me (and others) if I thought that it was a... (0 COMMENTS)

The Bolshevik Czar

(January 26, 2015 12:03 AM, by Bryan Caplan) From Stephen Kotkin's new Stalin:Peasant expectations of a total land redistribution were intense, and the wartime tsarist government had helped spur them, confiscating land from ethnic Germans living in imperial Russia, which was supposed to be redistributed to valiant Russia... (0 COMMENTS)

Monetary offset: Reply to my critics

(January 25, 2015 11:15 AM, by Scott Sumner) Not surprisingly, there has been lots of criticism of my claim that the Keynesian test of 2013 failed. Let me respond to some of the points: 1. I was accused of cherry picking dates, as I compared growth in the... (0 COMMENTS)

The birthplace of democracy

(January 24, 2015 05:01 PM, by Alberto Mingardi) Italian newspaper Corriere della sera has featured a piece on Greece that included an interview with Feano Fotiu, presented as the person responsible for "solidarity" (meaning the organisation of a parallel safety net, something in itself rather interesting) with Syriza.... (0 COMMENTS)

We Are Lucky

(January 24, 2015 11:15 AM, by David Henderson) One of my pleasures in travel in the United States and Canada is running into, and having short enjoyable conversations with, immigrants from Ethiopia. A little game I play, when I have an interaction with someone--typically in a cab, at... (0 COMMENTS)

Foreigner Day

(January 24, 2015 12:03 AM, by Bryan Caplan) Robin Hanson proposed a Capital Day to complement Labor Day. In that spirit, I suggest a Foreigner Day to complement the world's ubiquitous National Days and Independence Days. Here's how Robin explains the point of Capital Day:[J]ust as on Labor... (0 COMMENTS)

Extracting Information from Recent Events

(January 23, 2015 01:43 PM, by David Henderson) In a recent post, co-blogger Bryan Caplan cautions against taking any recent event and glibly asserting that the event shows whatever the person using it wants the event to show. I agree wholeheartedly with that caution. But that doesn't mean... (0 COMMENTS)

More on the Modality of Monogamy

(January 22, 2015 10:04 AM, by Bryan Caplan) Tyler:I say both men and women are understating their number of sexual partners. Contrary to what is portrayed in this chart, I postulate an American male average of about four. I do not agree with the common claim that American... (0 COMMENTS)

The Keynesian shell game

(January 22, 2015 09:29 AM, by Scott Sumner) Ever since the spectacular implosion of Keynesian economics in 2013, I've seen increasingly desperate attempts to somehow salvage the model. In this post I'll outline some of the arguments that I run across, and explain why they are misleading. I... (0 COMMENTS)

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