Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:8782
Posts / Week:23.8
Archived Since:March 2, 2008

Blog Post Archive

Totally Conventional Views Which I Hold

(February 27, 2015 12:09 AM, by Bryan Caplan) As soon as Tyler posted his "Totally Conventional Views Which I Hold," I felt the urge to do the same. In no particular order:1. Most academics are out of touch with the real world and have little useful to say... (0 COMMENTS)

Mission creep

(February 26, 2015 07:06 PM, by Scott Sumner) During periods where there is an enormous demand shortfall, such as the 1930s and the period after 2008, there is a resurgence of interest in demand-side models. This is good. But it also produces an unfortunate side effect---mission creep. Demand... (1 COMMENTS)

Imprisoning Immigrants: What the ACLU's Doing About It

(February 26, 2015 12:08 AM, by Bryan Caplan) The once-true stereotype that illegal immigrants get deported, not imprisoned, is fast becoming obsolete. But there is a glimmer of hope. Open borders activists aren't the only people who care about this issue. The ACLU in particular is taking a... (0 COMMENTS)

McCloskey on Piketty

(February 25, 2015 07:39 PM, by David Henderson) I'm starting to work on a paper that I'll give at the APEE (Association for Private Enterprise Education) meetings in Cancun in April. The working title for the paper, although I might change it when it comes time to submit... (0 COMMENTS)

Power is a residual

(February 25, 2015 08:11 AM, by Scott Sumner) When economists use regression analysis to estimate the relationships between variables, part of the dependent variable is unexplained. Thus even after you put land, labor, and capital into the model, you may not be able to fully explain economic growth.... (2 COMMENTS)

Purges and Schisms

(February 25, 2015 12:04 AM, by Bryan Caplan) I wrote this in 1993. Still seems correct to me, and unfortunately it's as relevant as ever.Purges and SchismsWhen I was working this summer at the Institute for Humane Studies, I spent many hours reading old libertarian periodicals -- especially... (0 COMMENTS)

The Minimum Wage and Monopsony

(February 24, 2015 04:52 PM, by David Henderson) I promised a few weeks ago to "write a further note explaining a more-sophisticated way of understanding the harmful effects of the minimum wage." This isn't it. The reason is that three issues came up in the comments and e-mails... (1 COMMENTS)

Who Cares About Park Yeon-mi

(February 24, 2015 12:07 AM, by Bryan Caplan) At the 2015 Students for Liberty conference, my sons and I were privileged to hear North Korean defector Park Yeon-mi share her story of self-liberation from totalitarian oppression. But her talk got me thinking. On the surface, there is nothing... (0 COMMENTS)

Prison Sentences Much Longer than Juries Would Like

(February 23, 2015 04:51 PM, by David Henderson) Jacob Sullum, over at Reason's Hit and Run blog, has a very interesting post about a federal judge in Cleveland who, after a jury found a man guilty of receiving, possessing, and distributing child pornography, polled the jury for the... (1 COMMENTS)

Why Pack for the Same Trip Twice?

(February 23, 2015 12:05 AM, by Bryan Caplan) Travelers often repeatedly visit the same family members, the same friends. Each visit normally requires two packing sessions: You pack the stuff you'll need, then repack the stuff you brought. Each leg takes time and energy, and possibly - depending... (4 COMMENTS)

Should America help corrupt officials hide wealth?

(February 21, 2015 10:04 PM, by Scott Sumner) The New York Times has a new piece discussing the importance of foreign buyers at the top end of the NYC real estate market: The foreign owners have included government officials and close associates of officials from Russia, Colombia, Malaysia,... (0 COMMENTS)

How much for a book dedication...?

(February 21, 2015 07:01 AM, by Alberto Mingardi) Peter Jaworski and Jason Brennan are conducting an interesting experiment. They wrote a book, to be published by Routledge, on "commodification"--one of the evils of capitalist societies, according to anti-market intellectuals at least since Marx. But even non-Marxists frequently argue... (0 COMMENTS)

From 2007 to 2012-13, The Income Share of Top 1% Fell

(February 20, 2015 03:29 PM, by David Henderson) The share of income (including capital gains) held by the top 1 percent grew from 10 percent in both 1960 and 1980 to 21.5 percent in 2000. Since then, it fell to under 17 percent in 2002 before rising to... (0 COMMENTS)

The housing bubble: Perceptions and reality

(February 20, 2015 10:45 AM, by Scott Sumner) Kevin Erdmann has an excellent post that discusses what really happened in the famous housing bubble and bust. It's fairly long, so I'll just excerpt a few highlights--but read the whole thing: As far as I can tell, just about... (0 COMMENTS)

Both Men and Women Overstate Sexual Frequency

(February 20, 2015 12:05 AM, by Bryan Caplan) Many readers were incredulous when I pointed out that in the General Social Survey, the modal number of self-reported lifetime sexual partners equals 1. Given the stereotype that men overstate and women understate on these matters, the pattern is solid:... (0 COMMENTS)

The Fatal Conceit in Foreign Policy

(February 19, 2015 04:35 PM, by David Henderson) A fellow free-market-oriented economics blogger, whom I respect but whom I won't name because I also respect Facebook privacy, wrote the following on Facebook: I guess I disagree with standard libertarian view on this [ISIS]. Libertarians, like progressives, do not... (0 COMMENTS)

Signaling in K-12

(February 19, 2015 12:13 AM, by Bryan Caplan) Whenever I write, "Education is mostly signaling," many readers hear "Higher education is mostly signaling." I'm sincerely puzzled by this subliminal defanging of The Case Against Education. My K-12 memories include thousands of hours studying material I knew I'd never... (0 COMMENTS)

Inconvenient truths

(February 18, 2015 08:07 PM, by Scott Sumner) Arnold Kling has a post pointing out that anti-science attitudes are not confined to the right. He starts by quoting Jonah Goldberg: Why does the Left get to pick which issues are the benchmarks for "science"? Why can't the measure... (0 COMMENTS)

Major Improvements in Our Lives

(February 18, 2015 07:05 PM, by David Henderson) Michael D. Thomas, an economics professor at the Heider College of Business at Creighton University in Omaha, Nebraska, reported on Facebook an interesting conversation he had with a student this week. It led to a more interesting set of comments... (1 COMMENTS)

Mr Nutella and consumer sovereignty

(February 18, 2015 07:04 AM, by Alberto Mingardi) Italian industrialist Michele Ferrero passed away last week, at age 89. See his obituary on the New York Times. Though Italians are not very friendly either to entrepreneurship or to businesses generally, the country is home to many great entrepreneurs.... (0 COMMENTS)

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