Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:6295
Posts / Week:12.9
Archived Since:March 2, 2008

Blog Post Archive

Sudan Sanctions and My Neighbor's Cat

(July 20, 2017 09:08 PM, by David Henderson) Diplomats here expect Washington to drop sanctions in the fall, as planned during the final days of the Obama administration, not least because they failed to achieve some key goals. "When the sanctions were implemented, the hope was that there... (0 COMMENTS)

How Conscious Is Your Robot?

(July 20, 2017 01:45 PM, by Bryan Caplan) Now that I've studied the article that inspired Robin's recent bet, I'm completely flabbergasted by his reaction. Here's the key figure in the original paper, showing how respondents ranked the mentality of thirteen characters.The Experience factor explains 88% of the... (0 COMMENTS)

Getting Around Economic Sanctions in Sudan

(July 20, 2017 01:43 AM, by David Henderson) When I started the Ph.D. economics program at UCLA in September 1972, one of the first things we graduate students heard that we should be doing different in our daily lives was to subscribe to the Wall Street Journal. If... (0 COMMENTS)

De-Identifying Race and Ethnicity Reduces Bias

(July 19, 2017 10:52 AM, by David Henderson) But not in the way you might expect. What we found is that de-identifying applications at the shortlisting stage of recruitment does not appear to assist in promoting diversity in hiring. In fact, in the trial we found that overall,... (0 COMMENTS)

Germany is not the problem

(July 19, 2017 08:44 AM, by Scott Sumner) The Economist is probably the best magazine in the world, but a recent cover story on "The German problem" is just appalling: For a large economy at full employment to run a current-account surplus in excess of 8% of GDP... (0 COMMENTS)

Murder: A Socratic Dialogue

(July 18, 2017 04:28 PM, by Bryan Caplan) Glaucon: Have you heard the news, Socrates? A scimitar-wielding Persian maniac just cut down three Corinthians in cold blood.Socrates: A ghastly crime. But why are you telling me? Glaucon: Because it just happened! Socrates: So I gathered. Glaucon: In Corinth! That's... (0 COMMENTS)

Enough to Buy Back the Product

(July 18, 2017 01:41 PM, by David Henderson) I was on an email discussion this morning with some free-market economists and some economically literate fans of free markets. One of them surprised me with this statement: I always tell my students the Henry Ford $5 a day... (5 COMMENTS)

Is Russia's Government Hostile?

(July 17, 2017 03:25 PM, by David Henderson) One of the things that I think affects people's view about the Trump administration vis a vis Russia is their view of Russia. In a recent article, my friend Steve Chapman, columnist at the Chicago Tribune, writes: If this was... (0 COMMENTS)

Varys, Tyrion and limited government

(July 17, 2017 03:21 PM, by Alberto Mingardi) Game of Thrones is back. The HBO series (not to mention the novels by George R.R. Martin) is an exciting part of our popular culture, but it is also obviously about power plays and, er, politics. So, for once,... (0 COMMENTS)

Em Bet?

(July 17, 2017 10:27 AM, by Bryan Caplan) After discussing a ten-year-old paper on empirical philosophy of mind, Robin proposes a remarkable bet:I'm also pretty sure that while the "robot" in the study was rated low on experience, that was because it was rated low on capacities like... (3 COMMENTS)

Sorry, I don't get the joke

(July 16, 2017 12:40 PM, by Scott Sumner) In January 2008, the US economy had fallen into recession and Ben Bernanke was already supportive of fiscal stimulus: Ben S. Bernanke, chairman of the Federal Reserve, has told lawmakers that he can support tax cuts or spending measures to... (0 COMMENTS)

Democratic ideology unchained

(July 14, 2017 02:36 PM, by Contributing Guest) by Hartmut Kliemt Nancy MacLean's book Democracy in Chains (Viking 2017, henceforth "DIC") informs a surprised academic public to whom such a thought never would have occurred without her creativity that the late James M. Buchanan has throughout his... (0 COMMENTS)

Farrell and Teles on Nancy MacLean

(July 14, 2017 11:45 AM, by David Henderson) A deep, historical study of public choice would be welcome, and Buchanan's role in the development of the thought and organizational infrastructure of the right has generally been overlooked. Unfortunately, the book [by Nancy MacLean] is an example of precisely... (0 COMMENTS)

What Bernanke was up against

(July 14, 2017 11:41 AM, by Scott Sumner) David Levey directed me to a post by Douglas Campbell describing the climate of opinion within the Fed during the Great Recession: Even as the economy was tanking in 2008 and 2009, Bell writes that "Warsh adopted a skeptical and... (0 COMMENTS)

Amazon Prime's Contribution to Northern Canada

(July 13, 2017 03:57 PM, by David Henderson) The consensus in Iqaluit seems to be that everyone with a credit card has an Amazon Prime membership. That's because people can often find groceries cheaper online than in local stores, despite government food subsidy programs. "Amazon Prime has done... (0 COMMENTS)

Imperialism in A Generation of Materialism

(July 13, 2017 01:52 PM, by Bryan Caplan) I highly recommended Carlton Hayes' A Generation of Materialism, 1871-1900. It chronicles a great tragedy. During this period, the economic, technological, and scientific fruits of the Enlightenment reached historic highs. But intellectual appreciation of the Enlightenment rapidly drowned beneath the... (0 COMMENTS)

Liu Xiaobo, RIP

(July 13, 2017 12:42 PM, by Scott Sumner) I was saddened to hear that Liu Xiaobo passed away today. He fought for classical liberal principles in China, and was imprisoned for his efforts. In 2010 he was awarded the Nobel Peace prize. Here are a few of the... (0 COMMENTS)

Milton Friedman on Black Markets

(July 12, 2017 08:45 PM, by David Henderson) In a June 8, 1947 NBC radio discussion titled "The Future of France," Alfred Cobban, visiting professor of political science at the University of Chicago, Milton Friedman, associate professor of economics at the University of Chicago, and Louis Gottschalk,... (0 COMMENTS)

Statutory Rape and Availability Bias in Virginia

(July 12, 2017 02:10 PM, by Bryan Caplan) My home state of Virginia does not have a Romeo and Juliet law. If an 18-year-old and a 17-year-old have consensual sex, the 18-year old is guilty of statutory rape. As a result, I can easily see parents of teenage... (0 COMMENTS)

Gary Cohn as Fed chair?

(July 12, 2017 10:58 AM, by Scott Sumner) Politico claims that Gary Cohn is likely to be appointed chair of the Federal Reserve. I have very mixed feelings about this choice. Let's start with the choice itself, separate from the administration that is expected to nominate him. I... (1 COMMENTS)

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