Blog Profile / EconLog


URL :http://econlog.econlib.org/
Filed Under:Business & Finance / Economics
Posts on Regator:5510
Posts / Week:12.7
Archived Since:March 2, 2008

Blog Post Archive

A Lesson in Opportunity Cost

(July 1, 2016 12:23 AM, by David Henderson) I'm at my cottage in Canada, where I've come every summer since I was 7 months old except for 5 interspersed years in the 1970s, 1980s, and early 1990s, when other things were going on in my life. It's Canada... (0 COMMENTS)

It's the end of the world as we know it . . . and the FTSE100 feels fine

(June 30, 2016 11:56 AM, by Scott Sumner) As I write this, Britain's FTSE100 stock index is soaring to its highest levels of the year. Admittedly, the domestic indices aren't doing that well, but they are also recovering. So what about all the gloom and doom associated with... (1 COMMENTS)

Some Random Reading

(June 30, 2016 09:04 AM, by Amy Willis) We all know at a general level that (K-12) schooling is legally compulsory...but might it be culturally compulsory as well? Kevin Currie-Knight, for FEE, thinks so. I'm inclined to agree, and will second his recommendation of Ivan Illich's Deschooling Society.... (0 COMMENTS)

Could a successful Brexit wreck the eurozone?

(June 29, 2016 05:15 PM, by Scott Sumner) Timothy Lee has an excellent new post: Brexit isn't the most serious threat to the EU -- the euro is One surprising thing about Britain's vote to leave the EU is that the British economy has been doing better than... (5 COMMENTS)

Mark Blaug Student Essay Competition

(June 29, 2016 01:14 PM, by Emily Skarbek) Mark Blaug (1927-2011) was an economist best known for his work in history of economic thought and the methodology of economics. He was a student of George Stigler at Chicago in the 1950s and went on to teach at Yale,... (1 COMMENTS)

Tom Friedman on Thank You for Being Late

(June 29, 2016 02:15 AM, by David Henderson) Last Friday, New York Times columnist Tom Friedman gave a talk at the Naval Postgraduate School, where I teach, and I had a front-row seat. Here are some impressions and responses to his talk. First, I arrived with a bias... (0 COMMENTS)

Fantasy Granted (Sorta)

(June 28, 2016 12:59 PM, by David Henderson) One of my fantasies is of a classroom in which a tenured economics professor at an accredited institution of higher learning says, "We must have free trade," and a few students leap out of their chairs and shout, "You first!"... (2 COMMENTS)

After Brexit - why not unilateral free trade?

(June 28, 2016 07:06 AM, by Alberto Mingardi) Emily Skarbek has already offered very sound thoughts on Brexit - and David Henderson and Scott Sumner (as well as David Beckworth) are debating whether Brexit constitutes a monetary shock. I would just like to build on the point Emily... (0 COMMENTS)

The pound depreciated by 10%. What does that mean?

(June 27, 2016 03:50 PM, by Scott Sumner) Commenter Matthew Moore asked the following question: Any chance of a post on the likely consequences of GBP devaluation? Ejection from the ERM caused a boom. I realise the UK wasn't deliberately overvalued this time, but are there parallels? In... (2 COMMENTS)

Is the Limit on Nuclear Liability a Subsidy?

(June 27, 2016 01:46 PM, by David Henderson) My fellow UCLA grad and former Council of Economic Advisers senior economist colleague applies Ronald Coase-type thinking to limits on liability for nuclear power plants. He writes: The same principle applies to nuclear construction. If people and owners of property... (0 COMMENTS)

Outline for Poverty: Who To Blame

(June 27, 2016 12:03 AM, by Bryan Caplan) My next project is my non-fiction graphic novel on the ethics and social science of immigration, tentatively titled All Roads Lead to Open Borders. But I've already begun outlining the my next big word book, Poverty: Who To Blame. Here... (0 COMMENTS)

Finding Out the Implications of the Brexit Vote

(June 25, 2016 10:31 PM, by David Henderson) A straightforward application of public choice theory. Various friends on Facebook have been making fun of Britons who are madly googling to find out the implications of the vote to leave the EU. "Aren't they stupid," "they didn't know what... (0 COMMENTS)

Sumnerian luck and monetary reform

(June 25, 2016 02:00 PM, by Scott Sumner) I can't recall how many times I've visited some tropical paradise, only to be told, "that's funny, it usually never rains at this time of year." When I move to California, I can guarantee that their beautiful Mediterranean climate will... (0 COMMENTS)

Weekend Grab Bag

(June 25, 2016 12:37 PM, by Amy Willis) Malcolm Gladwell has a new podcast project, Revisionist History. The second episode relates the RAND/Pentagon study of enemy combatants during the Vietnam war. Can you measure morale??? The world of self-driving cars is getting a lot closer than I thought.... (0 COMMENTS)

Is Brexit a Monetary Shock?

(June 24, 2016 08:06 PM, by David Henderson) Both co-blogger Scott Sumner and blogger David Beckworth argue that the Brexit vote is a large monetary shock. To be a monetary shock, it has to be either (1) a shift in the supply of money or (2) a shift... (0 COMMENTS)

One Cost of the Drug War

(June 24, 2016 03:59 PM, by David Henderson) We walk the floor. He stops. We stop. "You know what is stupid?" he says. "I see murderers. I see rapists. I see robbers. And then I see, the vast majority is in here for bein' stupid enough to smoke... (0 COMMENTS)

Brexit is not about Britain

(June 24, 2016 10:06 AM, by Scott Sumner) I'm seeing a lot of confusion about the implications of Brexit. Here are two common misconceptions: 1. Some people see it as a real shock, whereas it's primarily a monetary shock. 2. Some see it affecting Britain's economy by disrupting... (0 COMMENTS)

Hanson's Predictions: A 5-Page Age of Em Robustness Test

(June 24, 2016 08:37 AM, by Bryan Caplan) Robin argues that even if my main criticisms of The Age of Em are correct, most of his predictions remain true. I'm skeptical. On Twitter, Robin challenged me to randomly select five pages from his book to inform our dispute.... (0 COMMENTS)

Brexit Bet Comment

(June 24, 2016 06:33 AM, by Bryan Caplan) Mark Steyn seems to be declaring victory on our bet. I now think he will win, but the terms are not yet satisfied. As I stated last week, I will happily pay as soon as the British Parliament votes for... (0 COMMENTS)

A few thoughts in the immidiate aftermath of Brexit

(June 24, 2016 03:53 AM, by Emily Skarbek) The results of the referendum are in and the UK has voted to leave the European Union. The official campaign was littered with awful arguments that play to the public's worst sentiments - and the decision was likely driven... (0 COMMENTS)

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