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Blog Profile / EconLog

Filed Under:Business & Finance / Economics
Posts on Regator:8482
Posts / Week:24.2
Archived Since:March 2, 2008

Blog Post Archive

Imagining the Proto-Blogosphere

(October 23, 2014 12:08 AM, by Bryan Caplan) How is blogging different from traditional media? My knee-jerk answer is, "It caters to a higher-IQ audience," but that's not really true. The real story is that blogging lets a million voices bloom - including but hardly limited to voices... (10 COMMENTS)

Jean Tirole on Scaling Back Government

(October 14, 2014 03:23 PM, by David Henderson) Around the same time, Canada cut government expenditure by 18.9% without social turmoil - and without greatly reducing health, justice, or housing programmes. They did this while maintaining tax levies, so the result was a reduced public deficit and falling... (0 COMMENTS)

Henderson on Tirole

(October 14, 2014 01:34 PM, by David Henderson) But they do not commit the mistake of thinking that regulators are necessarily better than firms in setting prices. Consider the recent issue of interchange fees (IF) in payment-card associations like Visa and MasterCard. Many regulators have advocated government regulation... (0 COMMENTS)

You know you're in trouble when even the Italians forget how to inflate

(October 14, 2014 07:36 AM, by Scott Sumner) Do bad times make us less smart? It sometimes seems that way. When times are good, people dispassionately explain how you don't want to overreact to plagues with draconian policies like quarantines, especially if the disease is not highly contagious.... (0 COMMENTS)

Diseases of Poverty: Neglecting the Obvious

(October 14, 2014 12:18 AM, by Bryan Caplan) Before blogging Ebola, I've been reading up on the broader category of "diseases of poverty." The low-point of the Wikipedia entry:There are a number of proposals for reducing the diseases of poverty and eliminating health disparities within and between countries.... (0 COMMENTS)

Financial Literacy, Human Capital, and Liberal Education

(October 13, 2014 11:45 AM, by Art Carden) When I taught at Rhodes College, I had a serious conversation with a colleague about whether accounting should be considered part of the core of a solid liberal education. We agreed that it should: beyond the fact that imparts vocational... (0 COMMENTS)

Fawcett's Liberalism

(October 13, 2014 07:17 AM, by Alberto Mingardi) On the Library of Law and Liberty website, I have a long review of Edmund Fawcett's book "Liberalism: The Life of an Idea". Fawcett writes well and his book is a pleasant read. But he considers "liberalism" such a vague... (0 COMMENTS)

The Bribes of Columbus

(October 13, 2014 12:20 AM, by Bryan Caplan) Christopher Columbus, a slaver and a murderer, exemplifies Western civilization at its worst. Out of all the efforts to excuse his crimes, the most bizarre I've heard goes something like this:As a resident of the modern United States, you have... (0 COMMENTS)

Henderson on Piketty, Part 2

(October 12, 2014 07:23 PM, by David Henderson) In Piketty's view, if someone's share of wealth stays constant, he cannot be better off, even if wealth has increased. Yesterday I highlighted the opening of my lengthy published review of Thomas Piketty's Capital in the Twenty-First Century. Here's the... (0 COMMENTS)

No hawks or doves, just owls

(October 12, 2014 07:11 AM, by Scott Sumner) Here is Germany's representative at the ECB, Jens Weidmann: Mr. Weidmann's conservative stance contrasts with the ECB's latest attempts to convince investors that it will act forcefully to boost the flow of money to the economy, and may raise doubts... (0 COMMENTS)

Conservative Relativism

(October 12, 2014 12:14 AM, by Bryan Caplan) I spent a lot of time conversing with conservative intellectuals this week. What surprised me most was their moral relativism. Sure, they spent a lot of time griping about left-wing relativism: The awful liberals refuse to admit the West is... (0 COMMENTS)

Henderson on Piketty, Part 1

(October 11, 2014 06:09 PM, by David Henderson) My long review of Thomas Piketty's Capital in Twenty-First Century is finally out. It is titled "An Unintended Case for More Capitalism." Over the next few days, I'll be highlighting various parts of my review. Here's the first highlight: Unlike... (0 COMMENTS)

A 17 minute primer on DeirdreMcCloskeyanism

(October 11, 2014 07:01 AM, by Alberto Mingardi) I had the good fortune, in the last couple of weeks, to spend a good deal of time with Deirdre McCloskey. My Institute, Istituto Bruno Leoni, invited her to Italy for a series of seminars and lectures, including the keynote... (0 COMMENTS)

Economics is symmetrical

(October 10, 2014 10:08 AM, by Scott Sumner) Many economic models are symmetrical. If higher business costs lead to higher prices, then lower business costs lead to lower prices. Thus if higher raw tobacco prices lead to higher cigarette prices, then lower tobacco prices lead to lower cigarette... (0 COMMENTS)

Unclear Thinking About Income Inequality

(October 9, 2014 10:54 PM, by David Henderson) I wanted to let you know that on Wednesday, October 22, Intelligence Squared US will hold a debate on the motion "Income Inequality Impairs The American Dream of Upward Mobility." This is the opening sentence of a note I received... (0 COMMENTS)

Risk Analysis in One Lesson

(October 9, 2014 08:40 PM, by Bryan Caplan) Mueller and Stewart's new piece on "Responsible Counterterrorism Policy" doubles as a great primer on risk analysis:Terrorism is a hazard to human life, and it should be dealt with in a manner similar to that applied to other hazards--albeit with... (0 COMMENTS)

Should Financial Literacy Be Part of the Core of K-12 Education?

(October 9, 2014 11:49 AM, by Art Carden) I tweeted the following last night: If schooling is really about valuable skills, shouldn't personal finance be part of the core curriculum?— Art Carden (@artcarden) October 9, 2014 Economic and financial literacy among the populace is abysmal, and my impression... (0 COMMENTS)

Maskin's Failure

(October 9, 2014 11:48 AM, by David Henderson) In particular, if I'm a bank and I'm making risky loans, I have an incentive, if I can, to make those loans using other people's money, in other words to make highly leveraged loans. But when I do that I... (0 COMMENTS)

A certain laxity in word choice

(October 8, 2014 09:33 PM, by Scott Sumner) Matt Yglesias is normally my favorite progressive blogger, but today I have two bones to pick. The first is perhaps a bit picky, as I object to a single word: On the other hand, one can make the case that... (0 COMMENTS)

Words and meaning (good theft and bad)

(October 7, 2014 10:20 AM, by Scott Sumner) Many people like to attack ideas by linking them up with words that have ambiguous meaning, but either very positive or very negative connotations. Then they use the word as a sort of crude cudgel, to bash their opponent. This... (0 COMMENTS)

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