The Humanomics of Adam Smith
Posted: November 7, 2012 Filed under: Adam Smith, Economics, Rationality, Uncategorized Leave a comment »Sent to you via Google Reader
The Humanomics of Adam Smith
Economists Got Political – Twice
Posted: October 1, 2012 Filed under: Economics, Uncategorized Leave a comment »Sent to you via Google Reader
Economists Got Political – Twice
NPR.org » Six Policies Economists Love (And Politicians Hate)
Posted: July 19, 2012 Filed under: Economics, Uncategorized 1 Comment »Economics By and For Human Beings
Posted: May 1, 2012 Filed under: Economics Leave a comment »
http://lfb.org/today/economics-by-and-for-human-beings/
Which College Majors Pay Best? – Real Time Economics – WSJ
Posted: April 27, 2012 Filed under: Economics, Uncategorized Leave a comment »
http://blogs.wsj.com/economics/2012/04/17/which-college-majors-pay-best/
14 Ways an Economist Says I Love You.
Posted: February 12, 2012 Filed under: Economics, Uncategorized Leave a comment »
What the Top 1% of Earners Majored In
Posted: January 19, 2012 Filed under: Economics Leave a comment »
http://economix.blogs.nytimes.com/2012/01/18/what-the-top-1-of-earners-majored-in/#more-141451
THE IMPORTANCE OF ECONOMIC THEORY
Posted: September 18, 2011 Filed under: Economics, Methodology Leave a comment »
http://www.fee.org/from-the-archives/the-importance-of-economic-theory/
MC=MR
Posted: June 5, 2011 Filed under: Economics, Protectionism Leave a comment »
http://cafehayek.com/2011/06/mcmr.html
Getting Smart on Aid – NYTimes.com
Posted: May 21, 2011 Filed under: Economics, Uncategorized Leave a comment »
http://www.nytimes.com/2011/05/19/opinion/19kristof.html?_r=2
Friedman, Pinochet and the Moral Responsibility of Those Giving Economic Advice
Posted: May 13, 2011 Filed under: Economics, Methodology, Milton Friedman, Naomi Klein, Uncategorized Leave a comment »Sent to you via Google Reader
Friedman, Pinochet and the Moral Responsibility of Those Giving Economic Advice
HELPING THE POOR? ECONOMICS VS. EMOTIONS
Posted: April 20, 2011 Filed under: Child Labor, Economics, Sweatshops Leave a comment »
http://www.fee.org/from-the-archives/helping-the-poor-economics-vs-emotion/
40 Things I Learned in My First 40 Years, Bryan Caplan | EconLog | Library of Economics and Liberty
Posted: April 8, 2011 Filed under: Economics, Uncategorized Leave a comment »
http://econlog.econlib.org/archives/2011/04/top_40_things_i.html
Best economics books for five- to ten-year olds
Posted: December 18, 2010 Filed under: Economics, Education, Uncategorized Leave a comment »Sent to you via Google Reader
Best economics books for five- to ten-year olds
Picture Books for Teaching Economics Concepts to Young Children
Posted: December 18, 2010 Filed under: Economics, Education, Uncategorized Leave a comment »Sent to you via Google Reader
Picture Books for Teaching Economics Concepts to Young Children
Intelligence Makes People Think Like Economists
Posted: November 6, 2010 Filed under: Economics, Education Leave a comment »
http://econlog.econlib.org/archives/2010/10/intelligence_ma.html
Thinking Like an Economist – NYTimes.com
Posted: November 6, 2010 Filed under: Economics, Education, Uncategorized Leave a comment »
http://freakonomics.blogs.nytimes.com/2010/11/05/thinking-like-an-economist/
Central Banking, Limited Purpose Banking, Free Banking …
Posted: October 4, 2010 Filed under: Economics, Methodology Leave a comment »“It is not the economists role to be a practical policy analyst, but instead to be an economist. If we economists water down proposals to make them palatable to politicians, then we have to known they will water them down even further to get them through the political process and the end result will be that we do not even recognize the economics in our economic policy proposal. Nope, following Hutt, our role is to be logically consistent and insist on the logic of economic argument in assessing public policy. Let politicians do what they want with that knowledge.”
What Do Government Economists Do?
Posted: September 7, 2010 Filed under: Economics, Government, Methodology Leave a comment »
http://econjwatch.org/articles/economics-economists-and-economic-policy-modern-american-experiences
The Entitlement Mentality in Academia
Posted: March 27, 2010 Filed under: Economics, Public Schools, Public Unions Leave a comment »Quote
Posted: March 17, 2010 Filed under: Economics, Politics, Power, Quotes Leave a comment »“…economics is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker, and the more they are inwardly convinced that his objections are well founded, the more they hate him.” – Mise
Unintended Consequences
Posted: March 14, 2010 Filed under: Economics, Ethics, Greed, Methodology, Morals Leave a comment »Professor Steven Horwitz:
“
Consider the two-by-two matrix below.
We have moral language for three of the four possible combinations of intent and outcome. Vice and virtue are easy enough, as they are our common terms for discussing the morality or desirability of our actions when the outcomes match our intentions. But what about when they don’t? We have the category of “negligence” when we cause negative outcomes we did not intend, such as failing to set the brake on a car that rolls down a hill and damages property. But we do not have a word for the unintentional doing of good! That missing box is filled in by economics and good social science as they explain how, under the right institutional framework, the pursuit of self-interest leads to unintended benefits for society as a whole.”
http://www.thefreemanonline.org/featured/unintended-consequences/
Debate Over Soviet Economic Growth
Posted: January 4, 2010 Filed under: Economics, Methodology, Uncategorized Leave a comment »Sent to you via Google Reader
Debate Over Soviet Economic Growth
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My Naïveté
Posted: December 3, 2009 Filed under: Economics, Politics, Uncategorized Leave a comment »Sent to you via Google Reader
My Naïveté
| Peter Klein |
I hoped Christy Romer would be a voice of reason within Obama’s economic team. What was I thinking? If yesterday’s WSJ op-ed is any indication, her role has been reduced to that of cheerleader for the President’s preposterous “stimulus” program. The editorial is a string of banalities, unsupported by argument or evidence, about the wonderful effects of stimulus and the need to “confront the challenges” that remain. For example, noting that real GDP increased slightly in the third quarter of 2009, after a sharp fall in the first quarter, she says that the “vast majority of professional forecasters attribute much of this dramatic turnaround to the fiscal stimulus.” Professional forecasters? Of course, we have no idea what GDP would have been in the absence of stimulus. And what of the secondary consequences, both short- and long-term? What of the unseen? She even praises the cars-for-clunkers program, recently skewered by my old friend John Chapman.
She knows all this. As Christy’s teaching assistant at Berkeley I saw her explain, patiently and carefully, how government programs have side effects, often unintended (she specifically used the airplane-child-safety-seat example of the Peltzman effect). All forgotten now. Some version of Lord Acton’s dictum, I guess.
Posted in – Klein -, Bailout, People, Political Economy 
Daniel J. SmithSent Via Mobile Phone
Dr. David Friedman Lectures (Including Anarcho-Capitalism)
Posted: November 19, 2009 Filed under: Anarchy, Economics, Intellectual Property, Law, Market Failures Leave a comment »
http://www.daviddfriedman.com/MyTalks/MyRecentTalks.html
Consumer Choices And Corporate Conspiracies
Posted: October 20, 2009 Filed under: Economics, Profit, Uncategorized Leave a comment »Sent to you via Google Reader
Consumer Choices And Corporate Conspiracies
My son and I attended a packed NMU vs. Hillsdale football game this past weekend. (Suffice it to say not only is their economics department stronger than ours, so, too, is their football team.) When many people started to leave a few minutes before the game’s end, my son asked why. I explained that they are trying to beat the traffic. “That will cause traffic,” he replied.
Now, we all know that this is rational. Some are willing to bear a higher cost now to avoid even higher costs later. The unintended consequence is clear, and desirable: the flow of traffic slowly builds up in an orderly way in advance. People act on their expectations. Nobody in their right mind would argue that somehow the suppliers of parking services engage in a conspiracy to increase the costs of the drivers before and after the end of the game. The drivers chose to do so themselves.
Even an eleven year old boy knows this. But, when a similar process occurs in a market — a rise in price expectations that lead people to to buy more now — and voluntarily pay more now — suddenly the story becomes one of greed and conspiracy among the suppliers. My boy is now beginning to see the fallacy in this. When will millions of able-minded adults?
Daniel J. SmithSent Via Mobile Phone
Michael Moore: It’s not Capitalism, silly man; It’s Corporatism
Posted: October 12, 2009 Filed under: Capitalism, Corporatism, Corruption, Economics Leave a comment »
http://libertymaven.com/2009/09/25/michael-moore-its-not-capitalism-silly-man-its-corporatism/7449/
Nobel Prize Winner Elinor Ostrom
Posted: October 12, 2009 Filed under: Economics, Nobel Prize Leave a comment »Old Walter Williams Article
Posted: October 11, 2009 Filed under: Economics, George Mason University Leave a comment »I love this quote: “My friend and colleague Nobel Laureate Milton Friedman always reminds us there are only two kinds of economists – good economists and bad economists. We’re good economists.”
http://economics.gmu.edu/wew/articles/01/dynamitedept.html
Miron on Water Shortages
Posted: October 11, 2009 Filed under: Economics, Supply and Demand Leave a comment »
http://jeffreymiron.blogspot.com/2009/10/what-needs-to-happen-when-demand.html
