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TweetSheldon Richman makes the case for separating state from culture. Here’s wisdom from Bob Higgs, shared initially at Bob’s Facebook page: High explosives do horrible things to the people near them...
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TweetSteve Horwitz explains the unfairness and inequality of forced economic equality. Bob Higgs, on his Facebook page, distills the essence of protectionism. A slice: No one doubts that one way for...
View ArticleGary Becker on Globalization, Inequality, and Education
TweetHere’s a short statement by the late economics Nobel laureate Gary Becker on globalization’s effect on inequality and education. (HT Jim Rose) The post Gary Becker on Globalization, Inequality,...
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Bonus Quotation of the Day…
Tweet… is from page 29 of François Bourguignon’s 2015 book, The Globalization of Inequality: There were approximately 2 billion people living in extreme poverty in the early 1980s; however, the last 20...
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Quotation of the Day
Tweet… is from pages xiii-xiv of Tom Palmer’s superb Foreword to the new (2017) English-language translation of the volume of collected essays edited by Jean-Philippe Delsol, Nicolas Lecaussin, and...
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TweetJohn McGinnis explains that Uber is a force for greater equality. But the assault on Uber also ignores a hugely important effect of company and similar services: they reduce inequality— which...
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Quotation of the Day…
Tweet… is from page 6 of Jean-Philippe Delsol’s excellent essay – “The Great Process of Equalization Continues” – which is Chapter 1 of the new (2017) English-language translation of the volume of...
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Quotation of the Day…
Tweet… is from pages 5-6 of Jean-Philippe Delsol’s excellent essay – “The Great Process of Equalization Continues” – which is Chapter 1 of the new (2017) English-language translation of the volume of...
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Quotation of the Day…
Tweet… is from page 154 of John Cochrane’s superb 2014 speech “Why and How We Care About Inequality,” which is a chapter in Inequality & Economic Policy: Essays in Memory of Gary Becker (Tom...
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Quotation of the Day…
Tweet… is from pages 20-21 of Ludwig von Mises’s insightful January 1962 essay “The Elite Under Capitalism,” as this essay is reprinted in the original, 1990 edition of the collection of some of Ludwig...
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TweetEntrepreneur Lyle Albaugh has a creative idea for increasing competition in the college-admissions process. Here’s his opening: Going through the college process makes no sense. First, kids guess...
View ArticleHere I Take a Minority Position on the Prediction of Stolper-Samuelson
TweetHere’s a letter to the Wall Street Journal: Reviewing Roger Backhouse’s biography of the economist Paul Samuelson, Eric Maskin writes that “The Stolper-Samuelson Theorem implies that international...
View ArticleClarification and Elaboration on Stolper-Samuelson
Tweet(Prefatory Note: This post and the earlier one on which it is an elaboration are wonkier than is typical for Cafe Hayek. For that I apologize. Each of these posts is also a bit more speculative...
View ArticleQuestions for Those Who Obsess Over Income Differences
TweetIn my latest column in the Pittsburgh Tribune-Review I pose some questions to those people who obsess over differences across individuals or households in incomes. A slice: • What, exactly, counts...
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Bonus Quotation of the Day…
Tweet… is from pages 22-23 of Nicholas Eberstadt’s informative essay – “Longevity, Education, and the Huge New Worldwide Increases in Equality” – which is Chapter 2 of the new (2017) English-language...
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Quotation of the Day…
Tweet… is from page 176 of 2006 Nobel laureate Edmund Phelps’s 2013 book, Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change; here, Phelps is speaking explicitly of...
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TweetHere’s a news flash from my Mercatus Center colleague Dan Griswold. Sheldon Richman offers further thoughts on Trump’s recent visit to Europe. (HT Anthony Onofreo) A slice: First, trade. Trump...
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Quotation of the Day…
Tweet… is from page 184 of Liberty Fund’s newly published, expanded English-language edition, splendidly edited by David Hart, of Frédéric Bastiat’s great work Economic Sophisms and “What Is Seen and...
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Quotation of the Day…
Tweet… is from page 43 of my GMU Econ colleague John Nye’s excellent article – “Your Neighbor’s Fancy Car Should Make You Feel Better About Income Inequality” – in the July 2017 issue of Reason...
View ArticleMonkeying With Logic
TweetHere’s a letter that I sent earlier this week to the New York Times: In “What Monkeys Can Teach Us About Fairness” (June 4) Nicholas Kristof recounts what happens when human experimenters...
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