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On Thomas Piketty and Capital

TweetHere’s a letter to the Wall Street Journal: Editor: Phillip Magness and my colleague Vincent Geloso nicely identify a critical error in Thomas Piketty’s work that is purported to show that income...

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Some Non-Covid Links

TweetGMU Econ alum Nathan Goodman, writing at EconLog, reviews electoral-politics’s ABCs. A slice: B is for Bundling Even when voters do know about a political action they find unacceptable or...

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My Review of Thomas Piketty’s ‘Time For Socialism’

TweetMy review of Thomas Piketty’s 2021 collection of his popular essays, Time For Socialism, has just been published at EconLib. (For inviting me to write this review I thank Amy Willis.) Here are two...

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Free Markets

TweetDavid Beito shared, yesterday on his Facebook page, this image. It conveys much truth. Progressives and people gripped by the sin of envy focus on the difference, under capitalism, between the...

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Some Links

TweetMy GMU Econ colleague Vincent Geloso coolly assesses deaths caused by heatwaves. A slice: “Lawn watering banned: mercury 101.3” read one Toronto newspaper. “Heat kills 100 Twin Citians” titled a...

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Quotation of the Day…

Tweet… is from pages 64-65 of the 1903 3rd edition of Edwin Cannan’s Elementary Political Economy: It is true that each individual’s income is generally produced by the co-operation of many...

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Some Links

TweetJon Miltimore writes informatively about the transformation on covid policy of Dr. Leana Wen. A slice: The good news is that Wen, to her credit, appears to have learned something throughout the...

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TweetMark Mills realistically assesses the CHIPS Act. A slice: Moreover, the CHIPS Act ignores the rest of the labyrinthine semiconductor supply chain. Silicon chips, once fabricated, must be put into...

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Bonus Quotation of the Day…

Tweet… is from page 5 of my GMU Econ colleague Mark Koyama’s, and his co-author Jared Rubin’s, 2022 book, How the World Became Rich (original emphasis): Nor do we necessarily have to choose between...

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Pittsburgh Tribune-Review: “Meet the real engine of equality”

TweetBefore I got my twice-monthly column in the Pittsburgh Tribune-Review – a column that ran from early 2005 through early 2020 – I published a few guest op-eds in that newspaper, including one on...

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Some Links

TweetMichael Shellenberger decries the fanaticism and danger of too many of today’s ‘climate activists.’ (HT Tim Townsend) Arnold Kling understands much better than does Jason Furman the case for free...

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TweetMy GMU Econ colleague Pete Boettke is a fan of Samuel Gregg’s new book, The Next American Economy. A slice: Gregg is no doubt correct when he states that “economic truth is not sufficient to...

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Bonus Quotation of the Day…

Tweet… is from page 121 of Phil Gramm’s, Robert Ekelund’s, and John Early’s 2022 book, The Myth of American Inequality: How Government Biases Policy Debate (footnote deleted): As with the Vanderbilts,...

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Quotation of the Day…

Tweet… is from page 152 of Phil Gramm’s, Robert Ekelund’s, and John Early’s 2022 book, The Myth of American Inequality: How Government Biases Policy Debate: The primary reason for the improvements in...

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Some Links

TweetWriting in the Wall Street Journal, Bjorn Lomborg exposes “the Lancet’s ‘heat death’ deception.” A slice: Annual heat deaths have increased significantly among people 65 and older world-wide. The...

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TweetUnsurprisingly, George Will’s take on the results of Tuesday’s U.S. elections is as wise as it is eloquent. A slice: The nation’s immediate predicament is more banal. Republicans cannot win with...

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Bonus Quotation of the Day…

Tweet… is from page 11 of the 2021 updated version of Bjorn Lomborg’s 2020 book, False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet: One of the great...

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TweetWall Street Journal columnist Holman Jenkins continues to write wisely about covid, as well as about most governments’ calamitous overreaction to it. A slice: The results wouldn’t be published...

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TweetDeirdre McCloskey reviews Bruce Caldwell’s and Hansjörg Klausinger’s Hayek: A Life. A slice: The peculiarly American term for such a worldview is libertarianism. The usage delivers liberal over to...

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Quotation of the Day…

Tweet… is from page 217 of F.A. Hayek’s November 1941 Nature paper, “Planning, Science and Freedom,” as this paper is reprinted as chapter ten of the 1997 collection, splendidly edited by Bruce...

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