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(November 24, 2009 01:56 PM, by David Henderson) This is my third post (see the first two here and here) on Levitt and Dubner's SuperFreakonomics. Chapter 3 is one of my favorite chapters in the book, for one main reason: the way it deals with the Kitty Genovese...
Other
(November 24, 2009 01:16 PM, by Bryan Caplan) Factoids of the day: 1. 54% of Congressmen are millionaires. 2. Consistent with the "limosine liberals" stereotype, eight out of the ten richest are Democrats.I wonder how much of this can be explained by the vast overrepresentation of ...
Other
(November 24, 2009 01:06 PM, by Bryan Caplan) The Charles G. Koch Charitable Foundation is still taking applications for spring Internships in D.C. The deadline: December 4th. If you're a student who'd like to get paid to talk about the kinds of things you read on econ blogs,...
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(November 24, 2009 12:52 PM, by Arnold Kling) In order of satisfaction: 1. Empire of Liberty,by Gordon Wood 2. The Great Transformation, by Karl Polanyi 3. Masters and Commanders, by Andrew Roberts 4. Startup Nation, by Dan Senor and Saul Singer Wood is giving us the history of...
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British Retail Consortium
(November 24, 2009 10:15 AM, by Arnold Kling) In my high school economics class, my students asked me to explain why there are sales on "Black Friday." The class period was over, so I only had time to blurt out "price discrimination" without getting into an explanation of...
Stocks
(November 24, 2009 12:09 AM, by Bryan Caplan) At least according to the Handbook of Exposure Therapies, exposure is the most effective treatment for anxiety, OCD, post-traumatic stress, and similar problems. But most therapists don't use it. If you're a health economist, it's only ...
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(November 23, 2009 04:58 PM, by Bryan Caplan) Jeff Hummel sent me a gentlemanly response to my critique of his WWII revisionism lecture: While I usually appreciate attention, I wasn't expecting it in this case. I posted those two talks on an obviously nascent webpage to make them ...
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(November 23, 2009 02:26 PM, by Bryan Caplan) Neither Tyler nor Robin think that Climategate tells us much about climate science. Robin says that "it's news about academia, not climate":[T]this behavior has long been typical when academics form competing groups, whether the public hears ...
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econlog.econlib.org - 25 hours ago
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econlog.econlib.org —
(November 23, 2009 12:51 PM, by David Henderson)
Taxpayer funding of higher education is a forced transfer
to the relatively wealthy Socialist author Robert Kuttner once called Proposition 13, California's 1978 property-tax-cut initiative, the revolt ...
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UC Tuition: The Revolt of the Will-Haves
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Aguanomics
found this 25 hours agofound this
(November 23, 2009 09:04 AM, by Arnold Kling) From Poverty to Prosperity is available on Amazon's Kindle. I appreciate the publisher's responsiveness on this. Publishers have tended to think of Kindle editions as like paperbacks--you don't come out with one right away in order to avoid ...
Stocks
Amazon.com
(November 23, 2009 12:25 AM, by Bryan Caplan) I recently listened to an old lecture (c.1979) that economist and historian Jeff Hummel put on his webpage. It's a one-hour intro to World War II revisionism. While I'm sympathetic to the conclusion that U.S. participation in WWII ...
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econlog.econlib.org - 38 hours ago
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(November 22, 2009 06:13 PM, by Arnold Kling)
Robert Shiller writes, Consider this possibility: after all these
months, people start to think it's time for the recession to end. The very thought begins to renew confidence, and some people start ...
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Macro and the Organizational Capital Model
(November 22, 2009 01:52 PM, by David Henderson) Like Bryan, I received the same request from the same friend: what question(s) would I want to put on a survey of economists. My response was that I would want the question on the minimum wage asked accurately instead of...
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(November 22, 2009 01:35 PM, by Arnold Kling) Seth Roberts interviews Tyler Cowen, who says, I am very interested in the topic of "styles of thought in economics." Robert Solow, my thesis adviser, was a big fan of starting with simple numerical examples. The point is that you...
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(November 22, 2009 01:30 PM, by Arnold Kling) From Jeff Jacoby Those immigrants didn't come here in order to be lawbreakers; they broke a law in order to come here. If you had a store that was the only place people could go to buy bread, and people...
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econlog.econlib.org - 34 hours ago
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(November 22, 2009 12:00 AM, by Bryan Caplan)
As an undergraduate, I spent hundreds of hours pondering
the foundations of morality, also known as "meta-ethics." In the end, the young Michael Huemer converted me to ethical intuitionism, a view ...
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From Intuitionism to Contrarianism: A Case Study
(November 21, 2009 08:32 PM, by Arnold Kling) Ben Casnocha is the first to write a review. An excerpt: This is a book for people interested in economics first, entrepreneurship second, and globalization third. It's a book for people looking for contemporary insight on the ideas of people...
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(November 21, 2009 08:24 PM, by Arnold Kling) What I call the Recalculation Story has many origins. One of them is Axel Leijonhufvud. He recently wrote, The economy is an adaptive dynamical system. It possesses the self-regulating, "equilibrating" properties that we usually refer to as "market ...
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(November 21, 2009 07:40 PM, by Arnold Kling) Those of us who are opposed to the concentration of power in the hands of technocrats have had much to be depressed about over the past year. However, sometimes fortunes change. I wonder if this past week will come to...
Government
(November 20, 2009 04:38 PM, by Arnold Kling) He says they are: Now, you could and should be worried if this thing looked like a great bubble -- if long-term rates looked unreasonably low given the fundamentals. But do they? Long rates fluctuated between 4.5 and 5 percent...