Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:5432
Posts / Week:12.6
Archived Since:March 2, 2008

Blog Post Archive

Robert Murphy on Voting

(May 29, 2016 04:58 PM, by David Henderson) A few days after I posted my critique of Jim Harper's post advocating voting, Bob Murphy posted an excellent critique that affirms my point and goes further. Recall Jim Harper's statement that even though your vote is highly unlikely to... (0 COMMENTS)

Random thoughts on globalization

(May 28, 2016 04:31 PM, by Scott Sumner) Here's Scott Alexander: An article by Freddie deBoer in this month's Current Affairs proposes "Journalistic Self-Outsourcing". DeBoer notes that lots of journalists and intellectuals suggest that protectionism and other anti-globalization policies are immoral. For example, Zack Beauchamp of Vox calls... (0 COMMENTS)

Goldberg on McCloskey and Spencer

(May 28, 2016 07:04 AM, by Alberto Mingardi) Jonah Goldberg has an excellent post on "Social Darwinism", in which he builds on a potential imprecision by Deirdre McCloskey, who published a piece in the Wall Street Journal abridging her new, wonderful book "Bourgeois Equality". Goldberg singles out this... (0 COMMENTS)

Americans, on Average, Gain Big from Trade with China

(May 27, 2016 07:11 PM, by David Henderson) The rise in exports from China has been one of the most significant events in international trade in recent decades. This trend has accelerated since that country's entry into the World Trade Organization (WTO) in 2001. Even before that date,... (0 COMMENTS)

Why I Think I Win My Bets

(May 27, 2016 12:53 AM, by Bryan Caplan) I'm tempted to tell Scott, "You had me at 'Why Bryan Caplan wins almost all of his bets." But my story varies from his. Scott begins:Bryan almost always takes the consensus view in any bet.Not really. In general, I think... (0 COMMENTS)

Why Bryan Caplan almost always wins his bets

(May 26, 2016 01:44 PM, by Scott Sumner) [This is aimed at clarifying my previous post, which David commented on.] Bryan almost always takes the consensus view in any bet. The view a betting market would take, if one existed. When I first hear about a new Caplan... (0 COMMENTS)

My Response to Scott Sumner

(May 26, 2016 02:04 AM, by David Henderson) I'm still scratching my head at co-blogger Scott Sumner's recent post titled "You're not special." It seems like a combination of extreme subjectivism, denial of subjectivism, putting his thumb on the obvious, and argument from authority. Extreme Subjectivism Scott writes,... (0 COMMENTS)

Migration and Welfare in Maoist China

(May 26, 2016 12:05 AM, by Bryan Caplan) The welfare state is an appealing rationale for migration restrictions. Normally, of course, it's a rationale for international migration restrictions. In Maoist China, however, the urban welfare state swiftly became a rationale for restricting domestic migration from the countryside, enforced... (0 COMMENTS)

You're not special

(May 25, 2016 03:42 PM, by Scott Sumner) You may like your outgoing and family oriented culture, or your introspective and individualistic culture. But that fact, by itself, doesn't make your culture better than another. (Put aside the question of whether it is better, a much more difficult... (0 COMMENTS)

Carl Menger 2016 Essay Contest

(May 25, 2016 04:00 AM, by Emily Skarbek) Attention undergraduates and undergraduate educators - one week remains to submit papers for the 5th annual Carl Menger Essay Contest! The purpose of the contest is to recognize and encourage undergraduate scholarship in the Austrian tradition and the broadly catallactic... (0 COMMENTS)

To Vote or Not to Vote?

(May 24, 2016 03:50 PM, by David Henderson) One of my favorite writers and thinkers on the Cato blog, Cato at Liberty, is Jim Harper. He posted yesterday on voting, titling his piece "Don't Not Vote." He makes some good points but goes too far. The issue for... (6 COMMENTS)

Arguments from the Exit Side of Brexit

(May 23, 2016 10:28 PM, by Emily Skarbek) My sense is that most of the coverage of Brexit in the US comes down in favour of remaining in the EU. That is the case put forward in Dalibor Rohac's new book. And for onlookers, I think it is... (0 COMMENTS)

An Economist's Case for a Non-Interventionist Foreign Policy

(May 23, 2016 06:28 PM, by David Henderson) When I posted about a talk I was about to give a week or so ago, a number of readers asked if I could post the talk. There was no video, but I used my iPhone and the recording came... (0 COMMENTS)

Why most regulations are harmful

(May 23, 2016 01:27 PM, by Scott Sumner) One of the most basic ideas in economics is that the vast majority of regulations are harmful. Here's a simple example. Suppose banks charged $2 to use ATMs. Then suppose the government passed a "pro-consumer' law banning those sorts of... (1 COMMENTS)

Must a Business Serve the Whole Public?

(May 23, 2016 12:58 PM, by David Henderson) Former New Mexico governor Gary Johnson, running for the Presidential nomination of the Libertarian Party, wrote on Facebook: In a nationally-televised debate among three of the Libertarian candidates for President (A debate that should, by the way, have been more... (1 COMMENTS)


(May 23, 2016 12:00 AM, by Bryan Caplan) This summer, I'll be in Europe for a month, from June 16-July 16. My activities: 1. Teaching Advanced Public Choice at the University of Münster. Classes are on Monday afternoons and Tuesday mornings. If you wish to audit, please email... (0 COMMENTS)

Krugman's Orwellian Language: Less Bargaining Power is More

(May 22, 2016 02:00 PM, by David Henderson) The other story was about a policy change achieved through executive action: The Obama administration issued new guidelines on overtime pay, which will benefit an estimated 12.5 million workers. What both stories tell us is that the Obama administration has... (1 COMMENTS)

The rich heart of Europe

(May 21, 2016 08:16 PM, by Scott Sumner) Razib Khan recently linked to a map of Europe, showing average incomes by region. The richest areas were colored dark green, and the poorest are colored dark red/brown: Notice than major capital cities such as London, Paris, Madrid, Stockholm, etc.,... (0 COMMENTS)

My Daughter the Juror

(May 20, 2016 09:45 PM, by David Henderson) My daughter, Karen Henderson, a resident of San Francisco, recently served on a California for almost two weeks for $15 a day. She is self-employed and her opportunity cost, therefore, was quite high. But as she said in a text... (0 COMMENTS)

Did Global Warming Help Cause California's Drought?

(May 20, 2016 03:18 PM, by David Henderson) President Obama and Governor Brown believe the science is settled and carbon emissions lead to droughts. Before we test the veracity of their beliefs, consider that many of the warmest places on Earth, such as rainforests, are both warm and... (0 COMMENTS)

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