Senior Fellow
Michael Munger is a Professor of Political Science, Economics, and Public Policy at Duke University and Senior Fellow of the American Institute for Economic Research.
His degrees are from Davidson College, Washingon University in St. Louis, and Washington University.
Munger’s research interests include regulation, political institutions, and political economy.
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Making it possible to imagine creative ways to compensate the losers in policy initiatives can make policies more effective, more fair, and more politically viable.
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We shouldnโt let our inability to measure increased wealth convince us that we arenโt making progress.
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Even though you have money and you are ready, even eager, to pay, you have to wait your turn. That’s a form of surge pricing.
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To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions.
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If you pay attention, youโll notice a lot of things that โeconomists in their studiesโ may not be able to imagine. But they exist. Because people are really good at finding ways to cooperate.
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You are likely to see a lot more old people, and people dressed in business attire, using scooters soon. The advantages of fast and nearly free mobility in center cities are just too great to pass up.
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You can kill the process of innovation, and harm the very workers you think you are trying to help. California has made a terrible mistake.
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It is precisely those who (plausibly) preach prudence in manipulating the natural world who are most cavalier about smashing and rebuilding social institutions.
โข
Human beings have contradictory impulses. On the one hand, we want to be โfreeโ; on the other, we want to be led, and by a powerful and charismatic leader.
โข
Making it possible to imagine creative ways to compensate the losers in policy initiatives can make policies more effective, more fair, and more politically viable.
โข
We shouldnโt let our inability to measure increased wealth convince us that we arenโt making progress.
โข
Even though you have money and you are ready, even eager, to pay, you have to wait your turn. That’s a form of surge pricing.
โข
To the naive mind that can conceive of order only as the product of deliberate arrangement, it may seem absurd that in complex conditions order, and adaptation to the unknown, can be achieved more effectively by decentralizing decisions.
โข
If you pay attention, youโll notice a lot of things that โeconomists in their studiesโ may not be able to imagine. But they exist. Because people are really good at finding ways to cooperate.
โข
You are likely to see a lot more old people, and people dressed in business attire, using scooters soon. The advantages of fast and nearly free mobility in center cities are just too great to pass up.
โข
You can kill the process of innovation, and harm the very workers you think you are trying to help. California has made a terrible mistake.
โข
It is precisely those who (plausibly) preach prudence in manipulating the natural world who are most cavalier about smashing and rebuilding social institutions.
โข
Human beings have contradictory impulses. On the one hand, we want to be โfreeโ; on the other, we want to be led, and by a powerful and charismatic leader.
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