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TweetIn my most recent Pittsburgh Tribune-Review column I applaud Adam Smith for his pioneering work to explain the reality and the nature of complex, productive orders that are undesigned. A slice...
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TweetWashington Post columnist Robert Samuelson reports the findings of Urban Institute economist Stephen Rose who examined changes in Americans’ purchasing power over the years 1979-2014. Rose found...
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More Thoughts on Economic Inequality
TweetHere’s a letter to a rising high-school senior in New Jersey who plans to major in economics when he goes to college. Mr. Ben Ercetin Mr. Ercetin: Many thanks for your e-mail. I wish you much...
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Tweet… is from page 10 of the written version of this talk that Deirdre McCloskey delivered earlier this week in Italy; the talk is titled “The Two Movements in Economic Thought, 1700-2000: Empty...
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TweetRoslyn Layton argues that the mandarins at the FCC should be more humble. Doug Bandow is correct: Uncle Sam’s meddling in the affairs of other governments puts Americans at greater risks. I often...
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Tweet… is from page 13 of the 2015 English edition (translated from Chinese by Matthew Dale) of Weiying Zhang’s excellent 2010 book, The Logic of the Market: Under the planned economy, we did not...
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Tweet… is from page 149 of Thomas Sowell’s 2008 volume, Economic Facts and Fallacies (original emphasis): Claims by some that they cannot understand or justify large income differences (“disparities,”...
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TweetDavid D’Amato reviews Deirdre McCloskey’s Bourgeois Equality. Here’s the closing: Indeed, it seems at times that we are regressing to an antiliberal world of rank, in which trade-tested...
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TweetHere’s a letter to the New York Times: Unlike most minimum-wage proponents, Robert Gordon admirably admits that raising the minimum wage will destroy jobs for some workers (“Can Clinton or Trump...
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TweetCato’s Dan Ikenson eloquently explains why we trade. A slice: If two people focusing their efforts on the tasks they do best and exchanging their daily surpluses enables both to consume more or...
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Tweet… is from page 80 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s 1936 volume, Economists and the Public: Because of its non-discriminatory nature and its opposition to privilege,...
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TweetGeorge Selgin explores alternatives for reforming last-resort lending. A slice: I hasten to add that I regard any need for last-resort lending as reflecting, not the inherent shortcomings of...
View ArticleDeirdre McCloskey in the New York Times
TweetMy old classmate and friend Roger Koppl alerted me to this essay in yesterday’s New York Times by Deirdre McCloskey. Here are some large selections (but do, by all means, read the whole thing):...
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Tweet… is from page 189 of David Neumark’s and William L. Wascher’s 2008 comprehensive study, Minimum Wages (original emphasis): It is perhaps ironic, then, that with respect to one of the questions...
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TweetHere’s a letter to the editor of National Review: Favorably reviewing Edward Conard’s new book, Patrick Brennan makes several excellent points (“The Conservative Answer to Thomas Piketty That...
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TweetAlex Tabarrok reports on research that finds that firms that make economically irrational hiring decisions – in popular parlance, firms that “discriminate” in hiring – are more likely to go out of...
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Tweet… is from page 582 of the final volume (2016) – Bourgeois Equality – of Deirdre McCloskey’s brilliant and pioneering trilogy on the essence and role of bourgeois values in modern life (original...
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TweetAlex Tabarrok extracts core passages from Gianni La Cava’s explanation of how restrictions on the supply of housing – including restrictions imposed by the state – drive much of the data that...
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Tweet… is from pages 107-108 of Anthony de Jasay’s 1995 article “On Redistribution” as this article is reprinted in the 2002 collection of some of de Jasay’s writings, Justice and Its Surroundings...
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TweetPBS invited GMU Econ alum Mark Perry to respond to Nick Hanauer’s argument for raising the minimum wage. Here’s a slice from Mark’s superb response: Remember that the real minimum wage is always...
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