The Microsoft-Google Antitrust Wars and Public Choice: There is Too An Argument Against Rival Involvement in Antitrust Enforcement
05 Sep 2014 Leave a comment
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Highlights from Josh Wright’s Interview in The Antitrust Source
05 Sep 2014 Leave a comment
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Remembering Armen Alchian
05 Sep 2014 Leave a comment
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Great discussion of how sticky prices are efficient
by Jerry O’Driscoll
Earlier this year, we lost one of the greatest economists of this century, UCLAs Armen Alchian, who died at age 98. David Henderson wrote a wonderful appreciation of him for the Wall Street Journal.
Alchian taught at UCLA from the early 1950s until his retirement in the 1990s. Few men have put their stamp on a department as he did. Milton Friedman comes to mind at Chicago. Alchian taught the economic way of thinking, and his approach permeated the course offerings by almost all the other professors. If you took macro from Axel Leijonhufvud, you got a dose of Alchian’s micro. In monetary classes, works like Alchian’s “Why Money” were topics of discussion. Alchian’s analysis of price searching behavior was background in all the courses.
Liberty Fund published a two-volume collection of his writings. I can obviously touch on only a few issues.
One of Alchian’s greatest…
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Poverty of Ethics without Economics: Bangladesh
05 Sep 2014 Leave a comment
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by Mario Rizzo
In a world where people’s ethical goals are intrinsic values we could easily argue, as did David Hume, that the values themselves are not subject to scientific analysis. But, as things turn out, many of what people believe to be intrinsic values, and therefore ultimate goals, are not. They are intermediate ends to which the attainment of some more nearly ultimate goal is imputed. For example, if I believe that my happiness is an intrinsic moral good, and I think that the connection between my happiness and making more money is completely unproblematic, then I may legitimately believe that additional money-making is an ultimate moral goal. (How one intrinsic good should trade off against another is a separate issue.)
Some people think that policies that mandate good wages and safe working conditions are ultimate goals. Or at least they seem to believe that. Much of the discussion…
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Cheap Chinese imports no more – Chinese manufacturing industry wages are growing rapidly
05 Sep 2014 Leave a comment
Withering away the proletariat alert: what do what’s left of the working class do?
05 Sep 2014 Leave a comment
Utopia, you are standing in it! 
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