Michael Munger
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Three Topics for Young Political Economists
“I would claim that the growth of platforms that allow peer-to-peer cooperation, and foster the low-cost commodification of excess capacity, are likely to change our relations to work, to ownership, and to each other.” ~ Michael Munger
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All Housing is Affordable Housing
“If developers build cheap housing, the price of all housing except the very most luxurious will fall. Alternatively, if we build more luxury housing, then the price of all housing will fall, as there will be less pressure for gentrification or ‘teardowns.’” ~ Michael Munger
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Adam Smith Mends a Broken Heart
“In modern medicine, the enormous size of the cooperation horizon fosters specialization by professionals such as Dr. F and Nurse A. that would be unimaginable in a world without division of labor.” ~ Michael Munger
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Don’t Blame the “Greedy Wealthy”
“The problem is that we have already spent hundreds of billions of dollars on programs to end poverty, and yet there is still….poverty.” ~ Michael C. Munger
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The Good, the Wise, and the Just
“To recognize that it is to your own advantage to trust, and to be trustworthy in turn, is the key to living together in a market economy.” ~ Michael Munger
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Nutzenschmerz
“Only a society afflicted with severe Nutzenschmerz would choose a system where even the neediest are harmed, to ensure that no one else gets an arbitrary or undeserved benefit.” ~ Michael Munger
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Test of Time: The Most Important Failure of US Covid Response
“It is becoming clear that the U.S. failure to yoke up with the private sector is the most important, but least-commented on, failure of Covid response overall.” ~ Michael Munger
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What’s New is Old: The Left Turns Originalist
“The New/Old Antitrust Paradigm would reverse the presumption of legality in mergers and acquisitions, placing the burden of proof on economic actors to want to do…well, almost anything. Any economic restructuring of a business is contingent on obtaining the permission and chop of the appropriate bureaucrats and, incredibly, other ‘stakeholders’ such as competitors and labor…
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Why Do Basketball Players Make More Than Teachers?
“As an educator myself, I am happy to grant that teachers produce value for students, and for society. But even the most marginal teacher, at the worst and least motivated public school, can’t-wait-for-retirement clock puncher, makes far more than the marginal basketball player. You can’t compare the marginal unit of water, or teachers, with diamonds.”…
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Plato v. Mises: Mises Wins
“The Noble Lie is not noble; if we all repeat it and we are taught it in state schools, before long it’s not even a lie. Because worshippers of the state actually persuade themselves that the whole thing is true. Yes, we are all born equal, but some of us are more equal than others.…
-
•
Three Topics for Young Political Economists
“I would claim that the growth of platforms that allow peer-to-peer cooperation, and foster the low-cost commodification of excess capacity, are likely to change our relations to work, to ownership, and to each other.” ~ Michael Munger
-
•
All Housing is Affordable Housing
“If developers build cheap housing, the price of all housing except the very most luxurious will fall. Alternatively, if we build more luxury housing, then the price of all housing will fall, as there will be less pressure for gentrification or ‘teardowns.’” ~ Michael Munger
-
•
Adam Smith Mends a Broken Heart
“In modern medicine, the enormous size of the cooperation horizon fosters specialization by professionals such as Dr. F and Nurse A. that would be unimaginable in a world without division of labor.” ~ Michael Munger
-
•
Don’t Blame the “Greedy Wealthy”
“The problem is that we have already spent hundreds of billions of dollars on programs to end poverty, and yet there is still….poverty.” ~ Michael C. Munger
-
•
The Good, the Wise, and the Just
“To recognize that it is to your own advantage to trust, and to be trustworthy in turn, is the key to living together in a market economy.” ~ Michael Munger
-
•
Nutzenschmerz
“Only a society afflicted with severe Nutzenschmerz would choose a system where even the neediest are harmed, to ensure that no one else gets an arbitrary or undeserved benefit.” ~ Michael Munger
-
•
Test of Time: The Most Important Failure of US Covid Response
“It is becoming clear that the U.S. failure to yoke up with the private sector is the most important, but least-commented on, failure of Covid response overall.” ~ Michael Munger
-
•
What’s New is Old: The Left Turns Originalist
“The New/Old Antitrust Paradigm would reverse the presumption of legality in mergers and acquisitions, placing the burden of proof on economic actors to want to do…well, almost anything. Any economic restructuring of a business is contingent on obtaining the permission and chop of the appropriate bureaucrats and, incredibly, other ‘stakeholders’ such as competitors and labor…
-
•
Why Do Basketball Players Make More Than Teachers?
“As an educator myself, I am happy to grant that teachers produce value for students, and for society. But even the most marginal teacher, at the worst and least motivated public school, can’t-wait-for-retirement clock puncher, makes far more than the marginal basketball player. You can’t compare the marginal unit of water, or teachers, with diamonds.”…
-
•
Plato v. Mises: Mises Wins
“The Noble Lie is not noble; if we all repeat it and we are taught it in state schools, before long it’s not even a lie. Because worshippers of the state actually persuade themselves that the whole thing is true. Yes, we are all born equal, but some of us are more equal than others.…