It’s not just Ed Miliband. Labour’s on the wrong side of history » The Spectator

left-in-the-lurch

Politicians can’t be heroes any more. Instead, they have to operate within the tightly drawn tramlines of the global economy.

This is true for those on the left and the right, but the pressure that this places on countries to adopt a low-tax, light-regulation regime is something with which the right is far more comfortable.

via It’s not just Ed Miliband. Labour’s on the wrong side of history » The Spectator.

For some left-wing men, the misogyny of the Islamic State is part of the appeal » The Spectator

SYRIA-CONFLICT

Good luck apologising for them, all you gutless western lefties — but you can put your fingers in your ears and sell out other sections of humanity all you like, and squeeze your eyes shut like a child in a storm, determined to see no evil, hear no evil, speak no evil — and still that evil storm may come at you with hands like knives one day.

Look what they did to an Islamic convert on a humanitarian mission to help Muslims. You think they wouldn’t do it to you?

via For some left-wing men, the misogyny of the Islamic State is part of the appeal » The Spectator.

Deirdre McCloskey has a 55-page review essay on Piketty

You will find it here (pdf), forthcoming in the Erasmus Journal of Philosophy and Economics.

via Deirdre McCloskey has a 55-page review essay on Piketty.

Why Economists and Parents Need to Discover Behavioral Genetics | Bryan Caplan

via Why Economists and Parents Need to Discover Behavioral Genetics | Psychology Today.

Bill Easterly on who shall nudge the nudgers

Image

Pioneers in Law and Economics: Benjamin Klein

Truth on the Market

I’ve mentioned previously that my colleague Lloyd Cohen and I are editing a volume for Edward Elgar Publishing on Pioneers in Law and Economics.   Look for details in this space soon on a full list of contributing authors and subjects as well as where to buy the book!  One of the perks of co-editing a volume like this was that I was able to assign myself the chapter on my dissertation advisor and co-author Benjamin Klein.

Most readers of our blog will be very familiar with the work of UCLA economists Armen Alchian and Harold Demsetz, but perhaps less familiar with the significant and pioneering contributions that Klein has made to L&E.   Most fellow L&E travelers will know the canonical pieces: Klein, Crawford and Alchian (1978) on asset specificity and holdup, Klein and Leffler (1981) on brand names, reputational enforcement and quality assurance, Priest & Klein (1984) on settlement…

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Secret Tapes of the final Copenhagen Summit negotiations, starring Obama, Brown, Sarko & Merkel

In Copenhagen’s final private negotiations, Obama, Brown, Sarko and Merkel sat down with He Yafei, the Chinese vice-minister of foreign affairs. There is a tape of this meeting at Der Spiegel

He Yafei was the smartest guy in the room. Wen Jiabao refused to attend most of the negotiating sessions.

Given the choice of walking out or sitting down with a vice-minister, they chose humiliation. One response of Obama was:

It would be nice to negotiate with somebody who can make political decisions.

There were still two important placeholders, X and Y, in the draft agreement. They marked the spots where the percentage targets for reductions in greenhouse gas emissions, for the industrialized nations and emerging countries respectively, were to be entered.

China and India were unwilling to make that commitment. They had reached their own agreement with Brazil and South Africa.

"We have all along been saying ‘Don’t prejudge options!,’" said a representative of the Indian delegation*, prompting Merkel to burst out: "Then you don’t want legally binding!"

The entire discussion at Der Spiegel in multiple parts should be read while listening to the tape.

9/11 conspiracy theories do have the odd hole in them

Milton Friedman on School Choice and Low-Income Families in 59 seconds

What Drew Shelby Steele and Thomas Sowell From Marxism to American Conservatism?

MN Prager Discussion Group

 Disciples of Modern American Conservatism describe their conversions from the Left.

SHELBY STEELE;

“ What drew me to conservatism years ago was the fact that it gave discipline a slightly higher status than virtue.  This  meant it could not be subverted by passing notions of the good.  It could be above moral vanity.  And so it made no special promises to me as a minority.  It neglected me in every way except  as a human being who wanted freedom. 

Until my encounter with conservatism, I had only known the  racial determinism of segregation on the one hand and of white liberalism on the other;   two varieties of white supremacy in which I could only be dependent and inferior.
The appeal of conservatism is the mutuality it asserts between individual and political freedom, its beautiful idea of a free man in a free society.  And it offers minorities the one thing they…

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