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TweetHere’s a great new paper by my colleague Pete Boettke and GMU Econ PhD student Rosolino Candela. Its title is “Price Theory as Prophylactic Against Popular Fallacies.” In response to an e-mail...
View ArticleOpen Letter to Stephen Hawking
TweetProf. Stephen Hawking Dear Prof. Hawking After reading your comments about technology creating mass unemployment and causing dangerous degrees of economic inequality in the absence of...
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TweetLarry Reed sings the praises of Bettina Bien Greaves, who is still going strong as she approaches her 99th birthday! Shikha Dalmia explains and celebrates the blow that Ted Cruz dealt to cronyism...
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TweetDavid Henderson rightly applauds Brad DeLong for calling out Paul Krugman’s recent flirtations with protectionism. Here are the key findings of Scott Winship’s latest research: An accurate...
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Rockefeller’s Two-Wheeler
TweetI only just now paid close attention to this 1913 photograph of John D. Rockefeller that accompanies Glenn Reynolds’s recent, excellent essay in USA Today. Here’s one of history’s iconic “richest...
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TweetMy great colleague Walter Williams calms our fears about the trade deficit. A slice: International trade operates under the same general principles as domestic trade. When we, as consumers,...
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TweetBarry Brownstein explains the peacefulness of free trade and the violence of protectionism. A slice: Peace results when individuals and organizations are free to cooperate and promote prosperity...
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Gains
TweetSaturday’s mail brought a copy of Peter Lindert’s and Jeffrey Williamson’s new book, Unequal Gains: American Growth and Inequality since 1700. I’ve not yet read as much as the first page, but I’m...
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Quotation of the Day…
Tweet… is from page 633 of the hot-off-the-press third volume – Bourgeois Equality – in Deirdre McCloskey’s indispensable trilogy on the essence and role of bourgeois values in modern life: The left,...
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The ‘Disappearing’ American Middle Class
TweetHT to Michael York for alerting me to this Money Illusion post by Scott Sumner – a post that contains this graph: Relatedly, below it is a screen-shot of a slide in one of my PowerPoint...
View ArticleJohan Norberg on Why It’s Dead Wrong to Fret Over Today’s Inequality
TweetJohan Norberg is super-rich in talent. He’s got far more talent than I – and than most other people – have. And I’m thrilled that he uses that talent to its fullest, in ways that benefit us all....
View ArticleQuotation of the Day…
Tweet… is from pages 577-578 of the ink-still-wet-on-its-pages final volume – Bourgeois Equality – of Deirdre McCloskey’s magnificent trilogy on the essence and role of bourgeois values in modern life...
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TweetWashington Post columnist Robert Samuelson writes sensibly about the gender pay gap. GMU Econ student Emily Washington writes about market urbanism. Here’s part of an abstract of an interesting...
View ArticleQuotation of the Day…
Tweet… is from page 196 of the 2011 Definitive Edition (Ronald Hamowy, ed.) of F.A. Hayek’s 1960 volume, The Constitution of Liberty: It is one of the great tragedies of our time that the masses have...
View ArticleQuotation of the Day…
Tweet… is from page 72 of Deirdre McCloskey’s pioneering 2010 volume, Bourgeois Dignity: Economic historians agree that the poor have benefited the most from modern economic growth. And, therefore, it...
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TweetSteve Horwitz explains that the market is the best ‘megaphone’ for making the people’s voices not only heard but heeded. A slice: First, markets really do capture the voices of the people....
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TweetGMU Econ alum – and SUNY-Purchase econ professor – Liya Palagashvili is interviewed by Jared Meyer in Forbes on the paper that she and I wrote on the U.S. Department of Labor’s new overtime-pay...
View ArticleBonus Quotation of the Day…
Tweet… is from page 638 of the newly published final volume – Bourgeois Equality – of Deirdre McCloskey’s paradigm-shifting trilogy on the essence and role of bourgeois values in modern life (footnote...
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TweetJeff Jacoby summarizes some evidence against that widespread belief that Americans are no longer economically mobile. A slice: When Bhashkar Mazumder, an economist at the Federal Reserve Bank of...
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TweetAdam Ozimek eloquently exposes the shallowness of Nick Hanauer’s understanding of economics – and, hence, of Hanauer’s defense of minimum wages. (Had Hanauer taken a decent economics class, he’d...
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