Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:4572
Posts / Week:12.1
Archived Since:March 2, 2008

Blog Post Archive

Mankiw on Free Trade in the NYT

(April 26, 2015 12:08 AM, by Bryan Caplan) Don't miss the noble Mankiw's latest New York Times op-ed, which would be great even if it wasn't great publicity for me...... (0 COMMENTS)

Optimal mutual funds in a world of bubbles

(April 25, 2015 04:32 PM, by Scott Sumner) One argument in favor of the Efficient Markets Hypothesis is that if bubbles existed, it should be possible to make large excess returns by betting on an eventual collapse of the bubble. And the famous counterargument often made is that:... (0 COMMENTS)

My Review of Barbara Bergmann, Part 3

(April 25, 2015 01:40 PM, by David Henderson) This is the last installment of my 1987 review of Barbara Bergmann's book The Economic Emergence of Women. For the previous two installments, see here and here. Bergman favors some policies that restrict opportunities for women. For example, she seems... (0 COMMENTS)

My Review of Barbara Bergmann, Part 2

(April 24, 2015 01:51 PM, by David Henderson) Yesterday, I posted the first part of my 1987 review of the late Barbara Bergmann's book The Economic Emergence of Women. Here's the next part: To combat discrimination against women, Bergmann would have the government step up its enforcement of... (0 COMMENTS)

The Mellow Heuristic

(April 24, 2015 12:00 AM, by Bryan Caplan) No one protested me when I spoke at Oberlin College last week. (Topic: The Myth of the Rational Voter). A few days later, however, Oberlin showed factual feminist Christina Hoff Sommers a rather different face:The entrance to the classroom where... (0 COMMENTS)

It's not a beauty pageant

(April 23, 2015 04:19 PM, by Scott Sumner) Over at TheMoneyIllusion I received the following comment: Macro trading is not about getting it right, it is about getting what others think is right. And that can be almost anything... That reminded me of Keynes's famous claim that... (0 COMMENTS)

Thank You for Correcting Me, Matthew Baker

(April 23, 2015 03:23 PM, by Bryan Caplan) EconLog reader Matthew Baker has detected an error in my spreadsheets on the social return to education. Fortunately, the mistake - a miscalculation of crime risk for the elderly - is so small that none of the main results change... (0 COMMENTS)

My Review of Barbara Bergmann

(April 23, 2015 01:23 PM, by David Henderson) While I was heading to the APEE conference in Cancun, I learned that economist Barbara Bergmann had died. I reviewed her book The Economic Emergence of Women in Fortune on March 2, 1987. Here are some excerpts from my review:... (0 COMMENTS)

Education and Apostasy

(April 23, 2015 12:02 AM, by Bryan Caplan) Intriguing and eloquent words from Uecker, Regnerus, and Vaaler ("Losing My Religion," Social Forces 2007):Sociologists of religion have long linked educational attainment to religious decline (Caplovitz and Sherrow 1977; Hadaway and Roof 1988; Hunter 1983; Sherkat 1998). But the assumption... (0 COMMENTS)

Bernanke and Poole on Secular Stagnation

(April 22, 2015 03:54 PM, by David Henderson) Note: The reason for my dearth of blog posts lately is the troubles I've had with my 6-year-old Mac. I now have a new one and all is well. Fingers crossed. Does the U.S. economy face secular stagnation? I am... (0 COMMENTS)

Where Are the Pro-Life Utilitarians?

(April 22, 2015 12:05 AM, by Bryan Caplan) Pro-life utilitarians are very scarce. A philosophy professor recently told me that he knows of zero pro-life utilitarians in the entire philosophy profession. This is deeply puzzling. While I'm not a utilitarian, the utilitarian case against abortion seems very strong.... (0 COMMENTS)

What does it mean to suggest that interest rates are "artificially low"?

(April 21, 2015 12:02 PM, by Scott Sumner) I recently received this request in a comment section: Slightly off-topic, but Scott you would love an idea which is becoming more widespread here in the UK, that the housing shortage here is being caused by "artificially low interest rates".... (0 COMMENTS)

Google and the EU foreign policy

(April 21, 2015 07:08 AM, by Alberto Mingardi) The European Commission is opening an investigation on Google, for alleged anti-competitive practices. The EC is concerned that "the company has given an unfair advantage to its own comparison shopping service, in breach of EU antitrust rules". Wayne Crews has... (0 COMMENTS)

Are Centers a Mistake?

(April 21, 2015 12:08 AM, by Bryan Caplan) Suppose you want to convert the world to belief X. You decide that professors are the best spokesmen for X. There are ten universities, and you have enough money to fund ten professors. There are two possible ways to spend... (0 COMMENTS)

Substitute goods and reasoning from a price change

(April 20, 2015 11:10 AM, by Scott Sumner) David Henderson has a good post on the way that textbooks teach the substitution effect. I have one other bone to pick with principles textbooks---they don't clearly explain to students how to avoid "reasoning from a price change." Start with... (0 COMMENTS)

Mankiw's Textbook on Determinants of Demand Elasticity

(April 19, 2015 02:54 PM, by David Henderson) In the Energy Economics course I'm teaching this quarter, I have a number of students who have never had economics before. So I'm using selected chapters from the Microeconomics portion of Greg Mankiw's Principles of Economics, and I add a... (0 COMMENTS)

Did the Fed cause the sub-prime boom?

(April 18, 2015 05:06 PM, by Scott Sumner) George Selgin has a new post discussing a paper he wrote with David Beckworth and Berrak Bahadir. In the paper they argue that the Fed set its policy rate too low during the early 2000s, and that this decision contributed... (0 COMMENTS)

Substitution in Nicotine Consumption

(April 17, 2015 02:53 PM, by David Henderson) Yesterday's electronic New York Times and today's print edition carries the news story "Use of E-Cigarettes Rises Sharply Among Teenagers, Report Says" by Sabrina Tavernise. It's actually very good. Indeed, it reminds me of some of the best of the... (0 COMMENTS)

Congress sets the goals, the Fed sets the intermediate target

(April 16, 2015 12:45 PM, by Scott Sumner) Over at TheMoneyIllusion I have a long post discussing Ben Bernanke's recent comments on monetary reform. There is one issue that seems especially important, and I wanted to devote an entire post to the subject. Here's Bernanke: I want to... (0 COMMENTS)

Is Ciudadanos a hope for Spain?

(April 16, 2015 07:12 AM, by Alberto Mingardi) With the UK and Spain going to the ballot box in the next few months, European politics is certainly more than Greece, at the moment. We know that the polls are rather foggy about England, but Spanish politics risks becoming... (0 COMMENTS)

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