Economic Education
-
•
Constituting Constitutional Economics
“As Smith himself put it: ‘Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice.'” ~ Alexander William Salter
-
•
China’s Export Subsidies Are a Gift
“Misguided retaliation that would eliminate the advantages that cheaper Chinese goods offer would result in unnecessary self-inflicted costs and forgone benefits to the American economy.” ~ Theodore A. Gebhard
-
•
Hating Landlords Misplaces the Blame
“In greedy-bastard economics, rather than tracing their understanding of something they dislike back to its ultimate source, people only trace it back until they get to someone they can demonize as a greedy bastard.” ~ Gary M. Galles
-
•
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
-
•
How Experts Can Fail Even When They Are Right
“Like experts on energy efficiency don’t know where to set your thermostat, experts on health risks don’t know which bundle of risks and precautions is the right one given your goals and values.” ~ Art Carden
-
•
Military Equipment and the Labor Theory of Value
“Ludwig von Mises once joked that only the government could take a useful commodity like paper, slap some ink on it, and make it worthless. We appear to have a similar problem with military equipment.” ~ Clifford F. Theis
-
•
The Radical Message of Economics Well-Learned
“I’ve no complaint against economists who craft their public messages in order to avoid a loss of audience. But I do worry that these efforts subtly create in the minds of many such economists unwarranted doubts about the merits of laissez faire.” ~ Donald J. Boudreaux
-
•
Dangerous Demographics in the Monthly Labor Summary
“We’re outside the range of the ‘full employment’ unemployment rate. The economy is, as many people sense, not as good as the official statistics say.” ~ Clifford F. Thies
-
•
Markets Already Internalize Externalities
“What’s so fascinating about this instance is that the economist corps already knows this: markets internalize externalities – by land value, by selection, by trade-off along other margins that matter to people.” ~ Joakim Book
-
•
Searching for Good Governance
“Applications of constitutional political economy include constitutional design and assessment. Finding the right mixture of voice and exit is one of the most important parts. Let’s get started.” ~ Alexander William Salter
-
•
Constituting Constitutional Economics
“As Smith himself put it: ‘Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice.'” ~ Alexander William Salter
-
•
China’s Export Subsidies Are a Gift
“Misguided retaliation that would eliminate the advantages that cheaper Chinese goods offer would result in unnecessary self-inflicted costs and forgone benefits to the American economy.” ~ Theodore A. Gebhard
-
•
Hating Landlords Misplaces the Blame
“In greedy-bastard economics, rather than tracing their understanding of something they dislike back to its ultimate source, people only trace it back until they get to someone they can demonize as a greedy bastard.” ~ Gary M. Galles
-
•
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
-
•
How Experts Can Fail Even When They Are Right
“Like experts on energy efficiency don’t know where to set your thermostat, experts on health risks don’t know which bundle of risks and precautions is the right one given your goals and values.” ~ Art Carden
-
•
Military Equipment and the Labor Theory of Value
“Ludwig von Mises once joked that only the government could take a useful commodity like paper, slap some ink on it, and make it worthless. We appear to have a similar problem with military equipment.” ~ Clifford F. Theis
-
•
The Radical Message of Economics Well-Learned
“I’ve no complaint against economists who craft their public messages in order to avoid a loss of audience. But I do worry that these efforts subtly create in the minds of many such economists unwarranted doubts about the merits of laissez faire.” ~ Donald J. Boudreaux
-
•
Dangerous Demographics in the Monthly Labor Summary
“We’re outside the range of the ‘full employment’ unemployment rate. The economy is, as many people sense, not as good as the official statistics say.” ~ Clifford F. Thies
-
•
Markets Already Internalize Externalities
“What’s so fascinating about this instance is that the economist corps already knows this: markets internalize externalities – by land value, by selection, by trade-off along other margins that matter to people.” ~ Joakim Book
-
•
Searching for Good Governance
“Applications of constitutional political economy include constitutional design and assessment. Finding the right mixture of voice and exit is one of the most important parts. Let’s get started.” ~ Alexander William Salter