Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:4489
Posts / Week:12
Archived Since:March 2, 2008

Blog Post Archive

Bryan Caplan's Notes

(March 16, 2015 02:36 PM, by David Henderson) In a post this morning, co-blogger Bryan Caplan made the following statement: Furthermore, when there's a surplus of workers, the cost of outright bigotry sharply falls. I thought the link he would give would be to the article "Discrimination" in... (0 COMMENTS)

The Open Borders Manifesto

(March 16, 2015 10:03 AM, by Bryan Caplan) The Open Borders Action Group has prepared a short manifesto in honor of Open Borders Day. Reprinted in its entirety:Freedom of movement is a basic liberty that governments should respect and protect unless justified by extenuating circumstances. This extends to... (0 COMMENTS)

The Other Cause of Immigrant Idleness

(March 16, 2015 12:08 AM, by Bryan Caplan) Happy Open Borders Day! The world remains light-years from free migration, but the intellectual case and elite support for open borders continue to build. In honor of the day, let's explore a little topic I call... "the other cause of... (1 COMMENTS)

A Gap in Public Choice?

(March 15, 2015 04:08 PM, by David Henderson) Sometimes Politicians' Own Thoughts and Interests Matter for Understanding Policy Even though public choice has not taken the economics profession by storm, there's a kind of crude public choice that is popular among libertarians and libertarian-leaning people who are skeptical... (0 COMMENTS)

Krugman and Netanyahu

(March 13, 2015 06:09 PM, by David Henderson) Reading Paul Krugman's latest post on Greece motivated me to go back and reread an earlier post by Tyler Cowen at Marginal Revolution. And that got me thinking about Bibi Netanyahu's recent speech to Congress and an analytic piece by... (0 COMMENTS)

On Fringe Benefits I Blew the Equilibrium

(March 13, 2015 03:23 PM, by David Henderson) Three commenters whom I respect and whose work I respect--John Goodman, Tim Worstall, and Scott Sumner--made critical comments on my most recent blog post, "Fringe Benefits and Stagnating Wages." My basic point is right, but I blew the equilibrium. I... (0 COMMENTS)

Krugman's dangerous idea (It worked for me too!)

(March 13, 2015 09:20 AM, by Scott Sumner) In a recent post I argued that Paul Krugman had started out as a critic of intellectuals who ignored economic models---the sort of person who argued that the laws of supply and demand do not apply to the minimum wage... (0 COMMENTS)

Greece and tax sadist tourism

(March 13, 2015 07:03 AM, by Alberto Mingardi) The arm wrestling over Greece may be more serious than it originally appeared to many. The Greek government has submitted a draft list of reforms to unlock new financial aid. So far, the other European partners appear to be unimpressed... (0 COMMENTS)

Income and Irresponsibility

(March 13, 2015 12:10 AM, by Bryan Caplan) Suppose you learn that rich and poor people get drunk equally often. Should you conclude that the poor are no more prone to irresponsible drinking than the rich?No. You can't sensibly categorize behavior as "responsible" or "irresponsible" until you know... (0 COMMENTS)

My Ohio Tour

(March 12, 2015 03:05 PM, by Bryan Caplan) I'm speaking all over Ohio this April. Talks open to the public:1. April 14, 6-8 PM, Bowling Green State University: "The Case Against Education"2. April 15, 5:30-6:30 PM, Ohio State University: "Immigration Restrictions: A Solution in Search of a Problem"3.... (0 COMMENTS)

Fringe Benefits and Stagnating Wages

(March 12, 2015 04:22 PM, by David Henderson) Former co-blogger Arnold Kling has an excellent post this morning on measurement of worker compensation. He quotes a question from one of his readers. I'll let you read it for yourself. Then Arnold answers: There is a measure of wage... (1 COMMENTS)

Leveling the Playing Field for Online Education

(March 12, 2015 12:03 AM, by Bryan Caplan) Governments at all levels annually give traditional colleges about one-third of a trillion dollars. That's roughly $1000 per American per year, a massive subsidy. Question: Why don't cheerleaders for online education loudly call for slashing or ending this subsidy, to... (0 COMMENTS)

Paul Samuelson's Take on the Great Depression

(March 11, 2015 01:45 PM, by David Henderson) In jumping around through the blogosphere last night, I came across this quote from Paul Samuelson, in an interview he did in 2009 with Conor Clarke: Well, let me give you a bit of boring autobiography. I came to the... (0 COMMENTS)

Everyone needs to be accountable

(March 11, 2015 09:32 AM, by Scott Sumner) All human institutions are fallible, and hence need to be accountable. That should be obvious, but when it comes to the Fed some people seem to think we just need to trust them. Allan Meltzer knows otherwise, and did a... (0 COMMENTS)

Overselling Online Education 2.0: Comment on Carey

(March 11, 2015 12:09 AM, by Bryan Caplan) First-generation fans of online education pushed a simple story: Online education is a better, cheaper way to learn, and will therefore soon do to brick-and-mortar colleges what downloading did to the record companies. I've long argued that these fans are... (0 COMMENTS)

The Henderson Misery Index

(March 10, 2015 02:47 PM, by David Henderson) A Friendly Amendment: Don't Forget Your Irving Fisher During the 1976 campaign for U.S. president, candidate Jimmy Carter popularized the "Misery Index" as a way of criticizing his opponent, Jerry Ford. The misery index--equal to the sum of the inflation... (0 COMMENTS)

Distorted Incentives for Prosecutors

(March 9, 2015 05:18 PM, by David Henderson) You get (more of) what you (don't) pay for. When a local prosecutor sends a convicted felon to prison, the cost of keeping him locked up--an average of $31,286 per year--is paid for entirely by the state, not the county... (2 COMMENTS)

Two ways of thinking about economics

(March 9, 2015 09:29 AM, by Scott Sumner) In a paper I wrote back in 2008 I speculated that what I called "economistic" thinking led to classical liberal (i.e. free market) views on economics. By 'economistic' I meant thinking that takes economic theory very seriously. The belief that... (0 COMMENTS)

The Straw Man Straw Man

(March 9, 2015 12:06 AM, by Bryan Caplan) When I criticize painfully foolish positions, people occasionally accuse me of "straw manning" my opponents. I say the shoe's on the other foot: They're straw manning me. Consider the following:1. Criticizing specific person X for a painfully foolish position he... (1 COMMENTS)

Rubio-Lee Isn't Great

(March 8, 2015 09:51 PM, by David Henderson) Co-blogger Scott Sumner, over at his TheMoneyIllusion blog, has a post titled "Rubio-Lee is great, so why not make it even greater?" I don't agree that Rubio-Lee is great. It has many good features and Scott has listed pretty much... (1 COMMENTS)

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