Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:6394
Posts / Week:12.8
Archived Since:March 2, 2008

Blog Post Archive

Does Prosperity Make Us Utilitarian?

(September 19, 2017 02:48 PM, by Bryan Caplan) Scott Sumner has some thought-provoking reactions to my critique of Scott Alexander's Thrive/Survive Theory of left and right. Here's my reaction, point-by-point. Scott's in blockquotes; I'm not.Liberalism is what happens when you are optimizing for a safe environment, and illiberalism... (0 COMMENTS)

Beckworth interviews Summers

(September 19, 2017 08:22 AM, by Scott Sumner) David Beckworth's recent interview of Larry Summers was a treat for two reasons; there was lots of thought-provoking discussion, and I found a written transcript of the interview. Here's an excerpt (discussing secular stagnation): You have a demassification of the... (0 COMMENTS)

Private Foundations and their Child-Like Customers

(September 18, 2017 04:27 PM, by Contributing Guest) by Jennifer K. Thompson As we do with many institutions, we tend to think of nonprofits monolithically: nonprofits, we are likely to say, are tax-exempt organizations that benefit the public. We often understand philanthropy in much the same, one-size-fits-all... (0 COMMENTS)

The Wonder of International Adoption: Adult IQ in Sweden

(September 18, 2017 01:38 PM, by Bryan Caplan) In Selfish Reasons to Have More Kids, I showed that nurture effects are small within the First World. But I also freely conceded that the nurture effects of growing up outside the First World are probably large:The most important weakness... (0 COMMENTS)

Happy Birthday, Dr. Johnson

(September 18, 2017 11:07 AM, by David Henderson) Google today highlights the birthday of Sam Johnson, the famous British intellectual in the 18th century. He is thought of as the father of the modern dictionary. I discovered him when I was in 10th grade and was hanging around... (0 COMMENTS)

Does prosperity push us to the left?

(September 17, 2017 07:59 PM, by Scott Sumner) Bryan Caplan recently posted the following: A while back, Scott Alexander defended what he called the "Thrive/Survive Theory" of left and right. Digest version: My hypothesis is that rightism is what happens when you're optimizing for surviving an unsafe environment,... (0 COMMENTS)

Himmelfarb on the Fabians

(September 16, 2017 01:06 PM, by Alberto Mingardi) I'm an unabashed admirer of historian Gertrude Himmelfarb. One of the many. Her work is always illuminating, erudite, and typically a rather splendid read. I was most happy to see a new book by her, published in 2017 by... (0 COMMENTS)

Criticism Doesn't Violate the First Amendment

(September 16, 2017 12:01 AM, by David Henderson) Over at Hit and Run, Reason's blog, Robby Soave, whose work I normally like a lot, laid an egg. His post is titled "The Real Boobs Are People Who Think ESPN Must Fire Jemele Hill." You can read his post,... (0 COMMENTS)

Tough Talk for Venezuela?

(September 15, 2017 07:09 PM, by Alberto Mingardi) American threats often allow rather terrible regimes to flex their muscles and build up greater consensus. In Venezuela, the government held nationwide armed forces exercises on Saturday, calling on civilians to join reserve units to defend against a possible attack... (0 COMMENTS)

How should we encourage exports? (And should we?)

(September 15, 2017 03:31 PM, by Scott Sumner) Lots of non-economists think that economics is just common sense. Not so. It's not common sense that imports help an economy, or that price gouging is good and rent controls are bad. And the field of taxation also produces lots... (0 COMMENTS)

A Poll of Economists on Price Gouging

(September 15, 2017 12:18 PM, by David Henderson) In May 2012, the IGM Forum, based at the University of Chicago Booth School, did a poll of economists on a proposed anti-price-gouging law in Connecticut. The economists polled were on the IGM's panel of "experts." To clarify, the vast... (0 COMMENTS)

Report from Naples

(September 14, 2017 07:53 PM, by David Henderson) Former star student Thomas Strenge wrote me an interesting email and gave me permission to quote. What follows below is my slightly edited version of what he wrote. My Mom lives about 10 miles inland from Naples and her experience... (0 COMMENTS)

A Taste of Bastiat

(September 14, 2017 01:56 PM, by Bryan Caplan) Whenever I praise Tyler, I vaguely fear that I'm speaking a self-defeating prophesy. But this is so good I can't resist:Sometimes you hear Texas described as a "low-wage" economy, perhaps contrasted with the high wages of California. But there are... (0 COMMENTS)

Core Concepts

(September 13, 2017 05:49 PM, by David Henderson) One of my former students, a student who performed very well in my class and has kept in touch on economic issues, sent me a link to John Cassidy, "A New Way to Learn Economics," New Yorker, September 11, 2017.... (0 COMMENTS)

Human Smuggling: What If Philanthropists Were in Charge?

(September 13, 2017 01:38 PM, by Bryan Caplan) As a consumer, I'm never scared to shop in legal but unregulated markets. Never mind the right to sue; reputation and guarantees provide all the peace of mind I need. Illegal, unregulated markets, however, are a different story. Sure, they... (0 COMMENTS)

How do we evaluate Robert Shiller's forecast?

(September 13, 2017 08:23 AM, by Scott Sumner) Nobel Laureate Robert Shiller recently made some comments about Bitcoin: When it comes to economic bubbles, there is perhaps no single greater authority than Yale economics professor Robert Shiller. Shiller wrote a seminal book on speculation and its devolution into... (0 COMMENTS)

Godwin's Law in the Public Square, or, Unowned Property Leads to Hitler

(September 12, 2017 05:17 PM, by Contributing Guest) by Art Carden Various incarnations of what is known as "Godwin's Law" suggest that if a discussion goes on long enough, it will invariably devolve into one party comparing the other party's position to Hitler or the Nazis. Similar principles... (0 COMMENTS)

What's Wrong with the Thrive/Survive Theory of Left and Right

(September 12, 2017 01:52 PM, by Bryan Caplan) A while back, Scott Alexander defended what he called the "Thrive/Survive Theory" of left and right. Digest version:My hypothesis is that rightism is what happens when you're optimizing for surviving an unsafe environment, leftism is what happens when you're optimized... (2 COMMENTS)

My Pre 9/11 Column

(September 11, 2017 03:54 PM, by David Henderson) Various authors have posted what they wrote in the hours and days after that horrible morning of September 11, 2001. I've decided to post the last part of a column I wrote for Red Herring that was published on November... (3 COMMENTS)

Case Against Education Updates

(September 11, 2017 08:51 AM, by Bryan Caplan) 1. As promised, I have now uploaded all of the underlying spreadsheets for my return to education results in The Case Against Education. The book is still expected to release in January.2. This semester, I am designing and teaching a... (0 COMMENTS)

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