Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:5502
Posts / Week:12.7
Archived Since:March 2, 2008

Blog Post Archive

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)

What do "experts" say about trade?

(May 20, 2016 10:22 AM, by Scott Sumner) Imagine an article on the "carried interest" tax loophole, entitled as follows: "Carried Interest tax treatment should not be changed, experts agree" And suppose that all of the experts were hedge fund billionaires. CNBC has a new article discussing "expert"... (0 COMMENTS)

Multinationals Are Well-Managed in All Countries

(May 20, 2016 12:09 AM, by Bryan Caplan) One picture is worth a thousand words, courtesy of Bloom and Van Reenen's "Why Do Management Practices Differ Across Firms and Countries?" (Journal of Economic Perspectives, 2010)My earlier comments on this still-underrated piece here.... (0 COMMENTS)

Morley Safer, RIP

(May 19, 2016 02:52 PM, by David Henderson) CBS Sixty Minutes reporter Morley Safer died today. He was one of my favorites. He had that smile of doubt when he was hearing someone he interviewed tell him what he thought was a spin. He was also a fellow... (0 COMMENTS)

Why Bernie Doesn't Quit: Public Choice 101

(May 18, 2016 03:30 PM, by David Henderson) Jesse Walker, over at Reason's Hit and Run, just posted an excellent piece making an obvious point. I'm not undercutting him here: part of why it's obvious is that he says it so well. Here's the key part: Sometimes they... (0 COMMENTS)

We're Number 10! We're Number 10!

(May 18, 2016 12:29 PM, by David Henderson) A site called "Intelligent Economist" has posted its ranking of the "Top 100 Economics Blogs of 2016." And guess what? We're number 10. Here's the post. The site does not make clear how it came to that ranking. We're number... (0 COMMENTS)

Did Russia avoid high unemployment with NGDP targeting?

(May 18, 2016 09:17 AM, by Scott Sumner) I've recently read a few articles that suggest the Russian economy is doing better than expected. The Economist attributes this success (or perhaps less failure than expected) to the adroit management of the head of Russia's central bank: Russia's economy... (0 COMMENTS)

A Story of Signaling

(May 18, 2016 12:06 AM, by Bryan Caplan) Interesting email from journalist Henri Astier, reprinted with his permission. Hello, I am a French journalist living in London and - more relevant for the purpose of this email - an avid listener of Econtalk. I enormously enjoyed all your... (0 COMMENTS)

Price Controls and Economic Literacy: Colonial Edition

(May 17, 2016 12:01 AM, by Bryan Caplan) As you may know, the American Revolution swiftly led to hyperinflation and price controls. From Rothbard's Conceived in Liberty, vol. 4:By the end of 1775, Congress had already increased the nation's money supply by 50 percent in less than a... (0 COMMENTS)

Is Drug Trafficking Inherently Violent?

(May 16, 2016 02:36 PM, by David Henderson) Andrew C. McCarthy, a former federal prosecutor whose writing I have sometimes agreed with and found well-reasoned (see this, for example), writes the following: The bill that GOP leadership is currently joining with Democrats to try to ram through Congress... (0 COMMENTS)

The alt-right's demographic nightmare

(May 16, 2016 10:12 AM, by Scott Sumner) There is a growing strand of conservative thought that worries about demographic change, especially changes triggered by immigration. The percentage of Americans who are non-Hispanic white is projected to fall from 62.2% in 2014 to only 43.6% in 2060. Some... (0 COMMENTS)

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