Arnold Kling —the economist, teacher, blogger, and polymath—has a way of cutting through layers of conventional assumptions and laying bare complex realities. He is so adept at doing that, it seems to me, because he doesn’t expect to...Show More Summary
That is the new Arnold Kling book, I very much liked the earlier draft I read. Think of it as Fischer Black macro for 2016. Here is Arnold: The main point of the book is that you need to keep in mind the overwhelming complexity of specialization in a modern economy. Show More Summary
ARNOLD KLING ON THE ERA OF EXPERT FAILURE: I have faith in experts. Every time I go to the store, I am showing faith in the experts who design, manufacture, and ship products. Every time I use the services of an accountant, an attorney, or a dentist, I am showing faith in their expertise. Every […]
EconTalk host Russ Roberts welcomed back one of our favorites this week, Arnold Kling. to talk about his forthcoming book, Specialization and Trade: A Reintroduction to Economics. Kling argues that with its reliance on aggregate models, economics today has lost sight of its most important insight, dating back to Adam Smith. Show More Summary
“Why We Could not Bail Out Mortgage Borrowers” [Arnold Kling] Here come the Wall Street pay clawback rules [John Carney/WSJ MoneyBeat Blog, more, yet more] Jesse Fried on “Rationalizing the Dodd-Frank Clawback” [SSRN via Bainbridge]Show More Summary
Arnold Kling, economist and author, speaks with EconTalk host Russ Roberts about his latest book, Specialization and Trade: A Reintroduction to Economics. Kling argues that macroeconomics ignores the challenges of buyers and sellers working together in the real world of specialization and trade. Show More Summary
Richard Pipes: “Private Property Sets the Boundary of the State” [Istituto Bruno Leoni video via Arnold Kling and Alberto Mingardi; my 1999 review of Pipes on property] “‘Housing is a human right,’ says [L.A.] group founded for the sole...Show More Summary
(April 14, 2016 02:35 PM, by David Henderson) Former co-blogger Arnold Kling writes: Barry Goldwater and Milton Friedman (at least if I remember correctly the relevant passages in Capitalism and Freedom) were against Federal intervention to protect African-Americans from segregation, even segregation imposed by state and local governments.... (0 COMMENTS)
(January 12, 2016 04:59 PM, by David Henderson) Recently, Arnold Kling has been arguing that even when contract enforcement is totally private, it requires government as a backstop. He wrote: Taking existing institutions as an existence proof for the feasibility of an-cap is not a valid argument. The... (0 COMMENTS)
Book recommendation: Arnold Kling, “Overall, the reader of Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe comes away with...
Book list: The best books of year from Arnold Kling including Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us...
1. Arnold Kling’s books of the year. And Scott Sumner outlines his forthcoming book on the Great Depression. 2. “Arguably the least appreciated resource for Islamic State is its fertile farms.” (noisy video at that link, sorry, but the content is interesting) 3. Historical estimates of Chinese gdp. And where in the world is the […]
That is the title of an Arnold Kling blog post, it runs like this (I am not adding an extra layer of indentation): “With this: Speaking this week at the EmTech conference in Cambridge, Massachusetts, Editas CEO Katrine Bosley said the company hopes to start a clinical trial in 2017 to treat a rare form […]
Robert Litan in Fortune on why Elizabeth Warren went after him; “Economists have no idea how to measure the value created by the financial sector.” [Arnold Kling] W$J at end of August had an investigative report on the (opaque, high-discretion,...Show More Summary
1. A good post, but I call this Ptolemaic epicycles: ” I think the puzzle of why average wages continued to grow at a rate well above zero isn’t completely solved.” Arnold Kling comments. 2. The Straussian Jar Jar Binks. 3. Men’s Delusion Curry. 4. Saudis put water-intensive hay farm in Arizona. And $6000 desk […]
1. Over at Econlog I have a post responding to Arnold Kling. 2. Tyler Cowen has a new post discussing the ideas of Kevin Erdmann. In my view Kevin is one of the most underrated thinkers in economics. He’s done a long series of posts on real estate, as well as related issues such as […]
(November 4, 2015 08:48 AM, by Scott Sumner) Here is Arnold Kling: What I wish to point out is that the relationship as depicted is an anomaly with respect to textbook AS-AD, including both Keynesian economics and Sumnernomics. Timothy Taylor refers to the relationship as a Phillips Curve.... (0 COMMENTS)
I think that recent developments in the Middle East, starting with the behavior of Hamas during the Gaza war and continuing with the behavior of ISIS, have struck a nerve among those inclined toward the civilization vs. barbarism axis. Even if you do not believe that conservatives are right, you have to acknowledge that the […]
1. Against Luxembourg. 2. Arnold Kling made me chuckle. 3. Many pictures of the economy. What do they mean? 4. Does a disadvantaged start in life harm boys more than girls? 5. Following ISIS rule, electricity production plummets. 6. Sheldon Wolin has passed away.
(October 19, 2015 01:01 PM, by Scott Sumner) Arnold Kling replied to me recent post discussing a 4% inflation target (a policy I oppose, by the way.) I strongly disagree with all 6 of his points. He is responding to this claim I made: The simplest solution is... (0 COMMENTS)