Blog Profile / EconLog


URL :http://econlog.econlib.org/
Filed Under:Business & Finance / Economics
Posts on Regator:5560
Posts / Week:12.7
Archived Since:March 2, 2008

Blog Post Archive

Noah Smith on Milton Friedman

(July 27, 2016 10:44 AM, by Emily Skarbek) In commenting on Milton Friedman's contributions to economics, it was once remarked that "attempting to portray the work of Milton Friedman... is like trying to catch the Niagara Falls in a pint pot." In yesterday's Bloomberg View,... (0 COMMENTS)

Jeff Bezos on innovation

(July 27, 2016 05:01 AM, by Alberto Mingardi) Jeff Bezos was recently interview by the Italian newspaper La Repubblica. Asked by digital editor Massimo Russo "what is the recipe for innovation", he gave a phenomenal answer: Easy: to improve our customers' experience. To be genuinely innovative, innovation needs... (0 COMMENTS)

The Science of Homeschooling

(July 27, 2016 12:09 AM, by Bryan Caplan) While I'm homeschooling my elder sons, I've long wondered about how well it really works. Sure, the critics are usually angry apriorists. But advocates seem quick to repeat optimistic statistics without proper scrutiny. What's really going on?The best piece I've... (0 COMMENTS)

Remorse

(July 26, 2016 10:55 AM, by Scott Sumner) Tyler Cowen linked to a Wonkblog post that suggested pot legalization has not had the negative effects that drug warriors predicted: National surveys have shown that teen marijuana use rates are falling across the country. But there haven't been many... (0 COMMENTS)

A Cheap Economist Buys Lunch

(July 26, 2016 06:50 AM, by David Henderson) Just Say No "These Are The Mind Tricks Restaurants Use To Make You Spend More Money." So reads the title of a recent article warning people about the various psychological tricks restaurants use to cause you to spend more. There's... (0 COMMENTS)

Cosmopolitans and False Consciousness

(July 26, 2016 12:01 AM, by Bryan Caplan) Early this month, Ross Douthat derided the false consciousness of self-styled "cosmopolitans":Genuine cosmopolitanism is a rare thing. It requires comfort with real difference, with forms of life that are truly exotic relative to one's own. It takes its cue from... (0 COMMENTS)

Incentives Matter for Politicians Too

(July 25, 2016 04:14 PM, by David Henderson) In a Facebook comment on my recent post on Peter Thiel and Donald Trump's foreign policy views, my friend Stephen M. Jones wrote (I quote with his permission): Tyler Cowen had an important post linking this article about Trump and... (0 COMMENTS)

Immigrants and Everest

(July 25, 2016 12:09 AM, by Bryan Caplan) Immigrants use less welfare the natives, holding income constant. Immigrants are far less likely to be in jail than natives, holding high school graduation constant. On the surface, these seem like striking results. But I've heard a couple of smart... (1 COMMENTS)

Highs and Lows of the Republican Convention

(July 24, 2016 07:24 PM, by David Henderson) Watching and analyzing the Republican convention so that you didn't have to. I watched more of the Republican national convention than I usually do, mainly because it promised to be more interesting than the usual. It was. Here are some... (0 COMMENTS)

The Fed's psyche

(July 23, 2016 06:59 PM, by Scott Sumner) Tim Duy always has something thoughtful to say about the Fed. This comment in his latest Bloomberg column caught my eye: But note too that Dudley looks disapprovingly on the 1994-1995 cycle. For policymakers at the Fed, that cycle has... (0 COMMENTS)

Turkey's Failed Coup

(July 22, 2016 09:22 AM, by Emily Skarbek) Reflecting on the recent events in Turkey, Dani Rodrik wrote over at Project Syndicate that he never thought he would see such events "in a country that has come to hate military coups but still loves its soldiers". Knowing little... (0 COMMENTS)

A Numerate Sermon on Terrorism

(July 22, 2016 12:09 AM, by Bryan Caplan) I've long regarded serious fear of terrorism as a sign of deep innumeracy. Deaths from terrorism remain a tiny share of the thousand-odd murders that happen on Earth on an average day. Terrorism is special primarily because people overreact to... (0 COMMENTS)

Peter Thiel on Foreign Policy

(July 21, 2016 05:22 PM, by David Henderson) Thiel, who supports gay marriage, plans to say that although he does not agree with all the policies in the official GOP platform, he believes fighting over cultural issues such as "bathroom bills" is a distraction from more important matters.... (0 COMMENTS)

Noah Smith and Zachary David refute the EMH

(July 21, 2016 12:19 PM, by Scott Sumner) Suppose markets are efficient at pricing assets. And suppose everyone believes they are efficient. In that case (some argue) no one would have an incentive to gather information, and trade on that information. But in that case, speculators and arbitragers... (0 COMMENTS)

I Win My Cruz Bet with Steve Pearlstein

(July 21, 2016 09:09 AM, by Bryan Caplan) In early February, noted journalist and GMU professor Steve Pearlstein bet me $50 at even odds that Ted Cruz would win the Republican nomination. I have now officially won.Why did I make this bet? Simple: At the time, betting markets... (0 COMMENTS)

The Hyperbole of Backlash

(July 21, 2016 12:14 AM, by Bryan Caplan) Tyler tries to cure my immigration backlash confusion, but not to my satisfaction. The overarching flaw: He equivocates between two different versions of "backlash to immigration." Version 1: Letting in more immigrants leads to more resistance to immigration.Version 2: Letting... (1 COMMENTS)

Cleveland Rocks?

(July 20, 2016 03:47 PM, by Amy Willis) I don't know about you, but my feeds are dominated by the RNC in Cleveland this week...I'm not following the circus closely at all...But I do think this is an opportune time to reflect on what economics can tell us... (0 COMMENTS)

A Badly Misleading Title

(July 20, 2016 02:29 PM, by David Henderson) I'm back from my 18-day trip to my cottage in Canada and so, once again, I will be posting almost daily. I hate many things: one of them is price controls and another is badly misleading titles. Three Felonies a... (0 COMMENTS)

Free, good and happy

(July 20, 2016 12:39 PM, by Scott Sumner) Tyler recently linked to a study that used data on happiness in 22 OECD countries (all majority white). Only 6 countries scored above 8.00 in the happiness survey: Denmark: 8.35 USA: 8.32 New Zealand: 8.22 Australia: 8:05 Switzerland: 8.01 Finland:... (0 COMMENTS)

7th Grade: The Homeschooling Experience

(July 20, 2016 12:09 AM, by Bryan Caplan) My sons and I have finished our first year of homeschooling. It was a great success by all vital measures. My two students were vocally much happier than they were in regular school. They also learned vastly more, covering over... (0 COMMENTS)

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