I’d heard that an academic review of Age of Em was forthcoming from the new Journal of Posthuman Studies. And after hearing about Baum’s review, the author Steve Fuller of this second academic review (which won’t be published for a … Continue reading ?
Michael Roberts reminds us of something important – that Keynesian economics has severe shortcomings. I agree. For me, the problem with Keynes was what he didn’t say. He was largely silent about three related issues: class, power and profits, or...
It would be a much better world if the people involved in economic policy debates understood basic economics. Unfortunately, such knowledge is sorely lacking in Washington. Robert Samuelson gave us a great example of accounting ignorance...Show More Summary
Severe recessions have been frequent among OECD countries over the past four decades. This column explores the implications of various broad types of policy to minimise the risk and frequency of such episodes for the trade-off for the growth-fragility nexus. Show More Summary
US monetary policy has been the target of substantial criticism over the years. This column outlines one key area where the Federal Reserve has done remarkably well – managing price stability. Its ability to control inflation is a key reason that, for the sake of the US and global economies, the Fed’s independence should be preserved.
An investor purchased the Queens, New York, house in December and quickly flipped for a "yuuuge" profit
Monday's slump puts the Dow Jones Industrial Average on track for its longest losing streak since 2011
GOP health plan failure sows doubts about tax overhaul; water becoming increasingly unaffordable; and Dow and DuPont get permission to merge. These headlines and more from CBS MoneyWatch.
(March 28, 2017 01:53 PM, by Bryan Caplan) How would a Universal Basic Income handle health care? Normally, UBI advocates just say, "separate issue" and move on. But not the great Charles Murray. His In Our Hands: A Plan to Replace the Welfare State proposes two regulations to... (1 COMMENTS)
(March 28, 2017 01:40 PM, by David Henderson) In a comment on my co-blogger Alberto Mingardi's post on the FDA, AlanG writes: FDA has to evaluate new drugs based on their risk/benefit profile. Large clinical trials of new vaccines destined to be administered to healthy children are required... (0 COMMENTS)
(March 28, 2017 07:42 AM, by Alberto Mingardi) Dan Klein comments on Donald Trump's FDA nominee for the Heartland Institute. Klein, with Alex Tabarrok, edits the FDA Review project of the Independent Institute. On Gottlieb, Klein is very positive: Scott Gottlieb is not a William Lloyd Garrison, but... (6 COMMENTS)
(March 27, 2017 03:40 PM, by David Henderson) My thesis is as follows: Gains from exchange contain the seeds of their own expansion. When economists and other intellectuals provide evidence that deregulation increases gains from exchange, either these intellectuals, bureaucrats, or others often draw on this evidence to... (2 COMMENTS)
(March 27, 2017 01:45 PM, by Bryan Caplan) From Mike Huemer's chapter in the new Arguments for Liberty, edited by Aaron Powell and Grant Babcock:Virtually all nonintuitionists are hypocritical: they adopt and retain ethical beliefs in precisely the way that intuitionists do - namely, they believe what seems... (9 COMMENTS)
After the Republican health care bill crashed and burned without so much as a vote on Friday, President Trump told reporters that he saw a silver lining in the defeat. “I've been saying for the last year and a half that the best thing we can do politically speaking is let Obamacare explode,” he said. Show More Summary
Maybe it flies. How else to explain the $1.9 billion that the Oakland Raiders and Clark County, home of Las Vegas, have committed to spend on the new stadium that lured the team to Nevada? This sum was announced last summer, but the details only fell into place this month. Show More Summary
Sam Bowman: _["Was finding @nfergus's piece today quite interesting, until he cited this figure (which is based on a falsehood)]_:... [Was finding @nfergus's piece today quite interesting, until he cited this figure (which is based on a falsehood)]: https://twitter.com/s8mb/status/846355869772271621 >>[Ferguson:] This problem isn’t going away. Ask the French. About...
Stock futures and the dollar slipped on Monday after President Trump's failure on healthcare reform
Losses stem from PayPal and other businesses canceling projects, but the true costs could be higher
"The passengers this morning were United pass riders who were not in compliance with our dress code policy for company benefit travel," United tweeted
Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average...Show More Summary