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Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:8240
Posts / Week:24.4
Archived Since:March 2, 2008

Blog Post Archive

Paper of the Week: The Jitneys, or The Uber of Early 20th Century

(August 20, 2014 11:45 AM, by Art Carden) In response to my recent blogging about Uber and Lyft, Daniel Klein sent me this paper (gated by JSTOR) by Ross Eckert and the recently-deceased George Hilton. It's a fascinating story of rent-seeking special interests (electric streetcar and railway companies)... (0 COMMENTS)

Practical Guidance for Prudent Students

(August 20, 2014 12:01 AM, by Bryan Caplan) The Case Against Education's chapter on the selfish return to education runs over sixty pages. Since I suspect that even eager readers may skim all the tables, I end with practical advice in plain English. Note: Nothing in this section... (0 COMMENTS)

When supply is demand

(August 19, 2014 09:02 PM, by Scott Sumner) In order to do good economic analysis, it is important to distinguish between supply and demand shocks. Commenter SG pointed me to this curious post by Paul Krugman: For those new to or confused by the term, secular stagnation is... (0 COMMENTS)

Krugman on Health Care: I Advocate Horror

(August 19, 2014 07:58 PM, by David Henderson) Paul Krugman writes: the attack on Obamacare depended almost entirely on lies, and those lies are becoming unsustainable now that the law is actually working. No, there aren't any death panels; no, huge numbers of Americans aren't losing coverage or... (0 COMMENTS)

Canada's Single Payer/Single Problem

(August 19, 2014 01:23 PM, by David Henderson) Have you seen this sign in your doctor's office? It reads, "One problem per visit, please." An editorial in the Canadian Medical Association Journal says this sign is popping up in the offices of some family physicians. This is from... (0 COMMENTS)

Tolerance Before Empathy

(August 19, 2014 12:24 AM, by Bryan Caplan) Suppose you have a ne'er-do-well cousin. A long-term alcoholic and drug addict, he's been arrested about thirty times - though never convicted of a felony. One day he comes to your door, and tells you a largely accurate history of... (0 COMMENTS)

Walmart to the Rescue

(August 18, 2014 04:17 PM, by David Henderson) While away on my vacation in Canada, I missed this story about Walmart and health care. Here's an excerpt: After years of "Will they or won't they?" discussion, Walmart is making its long-awaited move into delivering primary care: The retailer... (0 COMMENTS)

Our Poverty and Theirs

(August 18, 2014 02:41 PM, by Bryan Caplan) I regularly praise Nicholas Kristof's courageous essay on Third World poverty. While First World immigration policies and Third World economic policies cause enormous harm, the global poor exacerbate their woes with grotesquely irresponsible behavior. Kristof:[I]f the poorest families spent as... (0 COMMENTS)

Quarters on the Sidewalk as Stimulus

(August 18, 2014 11:45 AM, by Art Carden) A very brief Twitter exchange from last week: @WesleyVaughn Dropping a million quarters on sidewalks around town would be a better idea.— Art Carden (@artcarden) August 12, 2014 I was jesting, but only sort of. As a friend has suggested,... (0 COMMENTS)

Grade deflation, grade illusion, and academic depressions

(August 17, 2014 06:13 PM, by Scott Sumner) Standard monetary theory says that changes in the money supply and prices are neutral under certain circumstances, such as in the very long run, and also after monetary reforms where all contracts are automatically adjusted to the change in the... (0 COMMENTS)


(August 16, 2014 08:41 PM, by David Henderson) Which cause should we focus on? One of my favorite editorial writers for the Wall Street Journal, Mary O'Grady, writes (in "A Terrorist Big Fish Gets Away" in the August 11 print edition): America's voracious appetite for illegal drugs has... (0 COMMENTS)

Never reason from a price change, even in Japan

(August 15, 2014 11:56 AM, by Scott Sumner) Here is The Economist: IF ABENOMICS means anything, it is the promise of the prime minister, Shinzo Abe, to restore healthy economic growth to Japan and end years of deflation. To that end the central bank, sloughing off its... (0 COMMENTS)

Classical liberalism, the forgotten Italians

(August 15, 2014 07:02 AM, by Alberto Mingardi) I'm reading Liberalism. The Life of an Idea by Edmund Fawcett. I like the idea behind the book, which is providing a history of classical liberalism through vignettes of its great champions, but I have some problems with the underlying... (0 COMMENTS)

Cryptocurrencies and Mobile Tipping

(August 14, 2014 04:45 PM, by Art Carden) I've gotten better about this in recent years, but earlier today I was sitting in an airport with no cash. That's normally not a problem as I use credit cards for almost everything, but it does become a problem where... (0 COMMENTS)

Tyler Cowen on ECB policy

(August 14, 2014 01:52 PM, by Scott Sumner) Here's Tyler Cowen commenting on ECB policy options for addressing lowflation: 2. Nominal gdp targeting. In general I like this idea, but which ngdp gets targeted? Eurozone ngdp, presumably. But when you have multiple countries, individual countries can end up... (0 COMMENTS)

Formal and Informal Violence Against African-Americans: Two Papers

(August 14, 2014 07:25 AM, by Art Carden) Last night, I ended up spending an undue amount of time following the #Ferguson feed on Twitter and watching insanity unfold in real time. Here are a couple of papers I've written that might be relevant: 1. "Inputs and Institutions... (0 COMMENTS)

Jonathan Chait's bizarre idea of an honest poll

(August 13, 2014 02:52 PM, by Scott Sumner) Here's Jonathan Chait: And Reason's poll does yield many findings that align millennials more closely with right-wing economic thought than with left-wing economic thought. It does so through the use of crafted language. As noted above, Pew's poll asks a... (0 COMMENTS)

Cotton, and Slaves, and Arrogance: Honor and Violence, Machismo and Appeasement

(August 13, 2014 11:45 AM, by Art Carden) I generally agree with Bryan that pacifism and appeasement are greatly under-rated in everyday life and especially in international affairs. While I'm not sure machismo is the fundamental argument against pacifism and appeasement, I'm sure it plays a large role.... (0 COMMENTS)

Prohibition: Then versus Now

(August 13, 2014 01:05 AM, by David Henderson) This will likely be my final post about Daniel Okrent's excellent book The Last Call: The Rise and Fall of Prohibition. This one, appropriately enough, is about the fall and some of the factors that led to it. There's a... (0 COMMENTS)

The Ethics of Individualism

(August 13, 2014 12:08 AM, by Bryan Caplan) Last question before GenCon: In Haidtian terms, what is an "individualist"? Insiders' knee-jerk reaction is probably to say "low in Care," or maybe even "low in Fairness." But per Sebastian Nickel, isn't "low in Loyalty" the better answer?... (0 COMMENTS)

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