Reputations, Relationships, and Contract Enforcement
Posted: December 31, 2009 Filed under: Anarchy, Endogenous Rules, Institutions Leave a comment »http://www.aeaweb.org/articles.php?doi=10.1257/jel.45.3.595
From State to Market: A Survey of Empirical Studies on Privatization
Posted: December 31, 2009 Filed under: Privatization Leave a comment »http://www.aeaweb.org/journal/contents/june2001.html#megginson
Why health consumers aren’t cost conscious
Posted: December 30, 2009 Filed under: Health Care, Health Insurance, Uncategorized Leave a comment »Sent to you via Google Reader
Why health consumers aren’t cost conscious
Daniel J. SmithSent Via Mobile Phone
Division of Labor Gone Awry
Posted: December 30, 2009 Filed under: Uncategorized Leave a comment »Sent to you via Google Reader
Division of Labor Gone Awry
Here’s a letter that I sent today to the New York Times:
Two celebrated advocates of active and expansive government – President Obama and yourself – admit, quite accurately, that the security breach on Northwest Flight 253 represents a momentous failure of government (”The System Failed,” Dec. 30).
Ponder this fact carefully. Government’s core function is to protect citizens from violence. If Uncle Sam fails at this central, all-important task, what reason have we to trust that it will succeed at delivering less-costly and higher-quality health-care? Or at productively restructuring financial markets?
Surely, before government directs energy and resources to these and the countless other tasks that it now tries to do, it should first master its most fundamental duty.
Sincerely,
Donald J. Boudreaux
If the gardener isn’t up to the task of keeping the flowers properly watered, then it’s especially foolish to assign to him the additional task of mastering plant genetics.
UPDATE: Perhaps better is — If the gardener isn’t up to the task of keeping the flowers free of insects, then it’s especially foolish to assign to him the additional task of mastering plant genetics.
Daniel J. SmithSent Via Mobile Phone
What are the odds that the best chess player in the world has never played chess?
Posted: December 28, 2009 Filed under: Liberty, Uncategorized Leave a comment »Sent to you via Google Reader
What are the odds that the best chess player in the world has never played chess?
Criminal Recidivism after Prison and Electronic Monitoring — by Rafael Di Tella, Ernesto Schargrodsky
Posted: December 28, 2009 Filed under: Courts, Crime, Prison, Punishment, Uncategorized 1 Comment »Sent to you via Google Reader
Criminal Recidivism after Prison and Electronic Monitoring — by Rafael Di Tella, Ernesto Schargrodsky
We study the re-arrest rates for two groups: individuals formerly in prison and individuals formerly under electronic monitoring (EM). We find that the recidivism rate of former prisoners is 22% while that for those a€treated’ with electronic monitoring is 13% (40% lower). We convince ourselves that the estimates are causal using peculiarities of the Argentine setting. For example, we have almost as much information as the judges have when deciding on the allocation of EM; the program is rationed to only some offenders; and some institutional features (such as bad prison conditions) convert ideological differences across judges (to which detainees are randomly matched) into very large differences in the allocation of electronic monitoring.
Daniel J. SmithSent Via Mobile Phone
If Any of Us Showed Up to Work Like This, We’d Get Fired
Posted: December 28, 2009 Filed under: Uncategorized Leave a comment »Sent to you via Google Reader
If Any of Us Showed Up to Work Like This, We’d Get Fired
Steven Horwitz
The next time someone tries, with a straight face, to tell you that the Senate is the world’s greatest deliberative body and that elected politicians take their jobs seriously, or that reforming health care was a moral imperative that reflected the utmost in careful thought and planning, just show them this clip of Sen. Max Baucus (D – Montana) drunk off his ass debating health care on the Senate floor. Too drunk to drive, but drunk enough to argue for nationalizing a sixth of the US economy. Do we need an interlock system for the voting buttons in Congress?
Daniel J. SmithSent Via Mobile Phone
Smoking Trials Again
Posted: December 28, 2009 Filed under: Tobacco, Uncategorized Leave a comment »Sent to you via Google Reader
Smoking Trials Again
Animal Smoking Studies
Posted: December 28, 2009 Filed under: Tobacco, Uncategorized Leave a comment »Sent to you via Google Reader
Animal Smoking Studies
The Lesson of Ebenezer Scrooge
Posted: December 25, 2009 Filed under: Charity, Greed, Uncategorized Leave a comment »Sent to you via Google Reader
The Lesson of Ebenezer Scrooge
Should we cut the minimum wage?
Posted: December 16, 2009 Filed under: Minimum Wage, Uncategorized Leave a comment »Should we cut the minimum wage?
Reinterpreting Slave History
Posted: December 15, 2009 Filed under: Slavery Leave a comment »Preserving Slave Families for Profit: Traders’ Incentives and Pricing in the New Orleans Slave Market
“We find large price discounts for families which cannot be explained by scale effects, childcare costs, legal restrictions, or transport costs. Because family members cared for each other, sellers found it advantageous to keep some families together.”
http://www.nber.org/papers/w14281
Also:
Time on the Cross: http://www.amazon.com/Time-Cross-Economics-American-Slavery/dp/0393312186
Roll Jordon Roll: http://www.amazon.com/Roll-Jordan-World-Slaves-Made/dp/0394716523
Drug Busts and Forfeiture Laws Research
Posted: December 15, 2009 Filed under: Corruption, Drugs, Forfeiture Laws Leave a comment »http://www.jstor.org/pss/30026428
http://www.nber.org/papers/w10484
Hanson on Random Smoking Trials
Posted: December 14, 2009 Filed under: Tobacco Leave a comment »http://www.overcomingbias.com/2009/12/what-anti-smoking-evidence.html
Rothbard: The Mantle of Science
Posted: December 14, 2009 Filed under: Methodology, Science Leave a comment »http://mises.org/rothbard/mantle.asp
Boettke on Samuelson
Posted: December 14, 2009 Filed under: Institutions, Legal Systems, Methodology, Microfoundations, Rationality Leave a comment »http://austrianeconomists.typepad.com/weblog/2009/12/paul-samuelson.html
Caplan: Philosophy and Rational Irrationality
Posted: December 14, 2009 Filed under: Methodology, Philosophy, Rationality Leave a comment »http://econlog.econlib.org/archives/2009/12/philosophy_and.html
“(1) Principle of Epistemic Rationality: (PER)- It is not epistemically rational to believe something just because it is interesting, original, or controversial.
(2) Publishability Fact: (PF)- In order to get regularly published in philosophy, you need to be able to say things that are interesting, original, and controversial.
(3) Perverse Incentives: (PI)-The practice of philosophy incentivizes non-rational motives of belief formation; specifically, it incentivizes believing things that are interesting, original, and controversial whether or not they are true. (4) Sad Truth: (ST)- Almost all claims that are interesting, original, and controversial are false. (5) Unfortunate Conclusion: (UC)- The practice of philosophy encourages philosophers to believe and to publish things that are false.”The Monopoly of Violence: Evidence from Colombia — by Daron Acemoglu, James A. Robinson, Rafael Santos
Posted: December 14, 2009 Filed under: Uncategorized Leave a comment »Sent to you via Google Reader
The Monopoly of Violence: Evidence from Colombia — by Daron Acemoglu, James A. Robinson, Rafael Santos
Many states in Latin America, Africa and Asia lack the monopoly of violence, identified by Max Weber as the foundation of the state, and thus the capacity to govern effectively. In this paper we develop a new perspective on the establishment of the monopoly of violence and the formation of the state. We build a model to explain the incentive of central states to eliminate non-state armed actors (paramilitaries) in a democracy. The model is premised on the idea that paramilitaries may choose to and can influence elections. Since paramilitaries have preferences over policies, this reduces the incentives of the politicians they favor to eliminate them. The model also shows that while in non-paramilitary areas policies are targeted at citizens, in paramilitary controlled areas they are targeted at paramilitaries. We then investigate the predictions of our model using data from Colombia between 1991 and 2006. We first present regression and case study evidence supporting our postulate that paramilitary groups can have significant effects on elections for the legislature and the executive. Next, we show that the evidence is also broadly consistent with the implication of the model that paramilitaries tend to persist to the extent that they deliver votes to candidates for the executive whose preferences are close to theirs and that this effect is larger in areas where the Presidential candidate would have otherwise not done as well. These results illustrate that, consistent with our model, there appears to be a symbiotic relationship between some executives and paramilitaries. Finally, we use roll-call votes to illustrate a possible ‘quid pro quo’ between the executive and paramilitaries in Colombia.
Daniel J. SmithSent Via Mobile Phone
Steve Chapman on Obama’s Losing Bet in Afghanistan
Posted: December 14, 2009 Filed under: Afghanistan, War Leave a comment »“Obama’s new Afghanistan policy is a clever attempt to reconcile the two sides of the debate, one favoring escalation and the other recommending withdrawal. He proposes to do both: ramp up now and start to leave in 18 months. But as Steve Chapman writes, betting on a substantial withdrawal in 2011 is like betting that Tiger Woods will become monogamous.”
Smoking Bans? Why Not Football Bans?
Posted: December 14, 2009 Filed under: Personal Freedom, Personal Liberty, Smoking Leave a comment »An average smoker loses 11 minutes of life for every cigarette.
An average NFL football player loses 1,460 – 2,190 minutes of life for every minute of football played (if my calculations are correct).
http://www.overcomingbias.com/2009/12/football-decimation.html
Miron: To Create Jobs, Stop Destroying Jobs
Posted: December 14, 2009 Filed under: Bailout, Minimum Wage, Protectionism, Regulation, Stimulus Leave a comment »http://jeffreymiron.blogspot.com/2009/12/to-create-jobs-stop-destroying-jobs.html
Hasnas on the Right to Die
Posted: December 13, 2009 Filed under: Drugs, Euthanasia Leave a comment »http://faculty.msb.edu/hasnasj/GTWebSite/WorkshopDraft.pdf
Hasnas on “The Mirage of Product Safety”
Posted: December 13, 2009 Filed under: Product Safety, Protectionism, Regulation Leave a comment »http://faculty.msb.edu/hasnasj/GTWebSite/SafetyFinalDraft.pdf
The Depoliticization of Law by John Hasnas
Posted: December 13, 2009 Filed under: Anarchy, Endogenous Rules, Polycentrism Leave a comment »http://faculty.msb.edu/hasnasj/GTWebSite/TIL.PDF
More on Smoking Bans
Posted: December 13, 2009 Filed under: Tobacco Leave a comment »http://www.cato.org/pub_display.php?pub_id=2487
“The totalitarian method to resolve the conflict is through political power and guns. In other words, the group with the greatest power to organize government’s brute force decides whether there’ll be smoking or no smoking in restaurants. Totalitarians might justify their actions by claiming that bars, restaurants and workplaces deal with the public, and thus the public should decide how they’ll be used. That’s nonsense. Just because an establishment deals with the public doesn’t make it public property.
The liberty-oriented method to resolve conflict is through the institution of private property. In fact, conflict resolution is one of the primary functions of private property, namely it decides who gets to decide how what property is used in what way. Put another way: Who may harm whom in what ways? In a nutshell, private property rights have to do with rights held by an owner to keep, acquire and use property in ways so long as he doesn’t interfere with similar rights held by another. Private property rights also include the right to exclude others from use of property.
Under the liberty-oriented method of private property, as a means to conflict resolution, we’d ask the question of ownership. If the owner wishes his restaurant to be smoke-free, it is his right. Whether a smoker is harmed or inconvenienced by not being allowed to smoke in his restaurant is irrelevant. Similarly, if a restaurant owner wishes to permit smoking, it is his right, and whether a nonsmoker is harmed or annoyed is also irrelevant. In the interest of minimizing possible harm either way, it might be appropriate for restaurant owners, by way of a sign or other notice, to inform prospective customers of their respective smoking policy. That way, customers can decide whether to enter upon the premises.
In today’s America, the successful anti-tobacco campaign has become a template for conflict resolution through the forceful imposition of wills through the political system. It’s part of a continuing trend of attacks on private property rights. Private property rights are the bulwark for liberty, and should be jealously guarded and not be sacrificed for the sake of expediency.”
http://www.cato.org/pub_display.php?pub_id=6835
http://www.cato-at-liberty.org/2006/10/25/smoking-ban-without-government/
Total indoor smoking ban and smoker behavior
Posted: December 13, 2009 Filed under: Smoking, Tobacco Leave a comment »“Conclusion. A total indoor smoking ban had little effect on overall institutional quit rates. Heavy smokers will, predictably, experience the greatest difficulty complying with a total indoor nonsmoking policy.”
Why You Shouldn’t Buy Fair Trade Products
Posted: December 12, 2009 Filed under: Fair Trade Leave a comment »http://www.marginalrevolution.com/marginalrevolution/2009/12/facts-about-fairtrade.html
Science and Government: Food Pyramid
Posted: December 11, 2009 Filed under: Health, Research, Science Leave a comment »Malthus vs. Malthusian Population Scares
Posted: December 11, 2009 Filed under: Population Leave a comment »http://aidwatchers.com/2009/12/malthus-vs-malthusian-population-scares/