Democrats’ apparent effort to confuse Alaska voters about candidates’ names is reprehensible. But politicians’ routine lying and exploitation of ignorance about policy issues is much worse.
Creating Voter Confusion About Candidates’ Names is Bad – But Exploiting Voter Ignorance About Policy Issues is a Much Bigger Problem
Creating Voter Confusion About Candidates’ Names is Bad – But Exploiting Voter Ignorance About Policy Issues is a Much Bigger Problem
30 Oct 2026 Leave a comment
in economics of information, politics - USA, Public Choice
Dual labor markets and efficiency wages
26 Sep 2026 Leave a comment
in applied price theory, economics of information, history of economic thought, industrial organisation, labour economics, labour supply, personnel economics, poverty and inequality Tags: dual labour markets, efficiency wage
The rise of command capitalism
23 Sep 2026 Leave a comment
in applied price theory, economics of information, economics of regulation
I’ve got a new paper out with the IEA about a growing trend in the British economy: command capitalism. Download it for free.
The rise of command capitalism
Taking Us for Fools
18 Sep 2026 Leave a comment
in economics of climate change, economics of information, energy economics, environmental economics, environmentalism, global warming Tags: climate alarmism
How a turnkey method attributes any trend to climate change
Taking Us for Fools
Scott Freeman on the Phillips Curve
13 Sep 2026 Leave a comment
in applied price theory, business cycles, economics of information, history of economic thought, labour economics, labour supply, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas, unemployment
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
11 Sep 2026 Leave a comment
in applied price theory, economics of information, economics of regulation, history of economic thought, industrial organisation, law and economics, property rights
Economists and lawyers know that almost every contract is incomplete. Contracts routinely omit or leave undefined important terms, and they rarely anticipate every circumstance that might frustrate performance. The reason is simple: It makes little sense to spend $1,000 drafting a provision that has an expected value of only $100. Parties therefore leave lower-value contingencies…
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
The case for unilateral recognition
11 Sep 2026 Leave a comment
in applied price theory, economics of information, economics of regulation, industrial organisation, international economic law, international economics, politics - Australia, politics - New Zealand, regulation
Bilateral, plurilateral, and multilateral are words that New Zealand’s civil service love. There is nothing that can’t be improved by doing it in concert with others. Sometimes there’s good reason for just doing stuff. New Zealand made the right decision when it unilaterally slashed all of its tariffs. It also progressed all the other trade agreements that helped…
The case for unilateral recognition
Lion vs. Giraffe: Who Will Win? | Lion Kingdom
09 Sep 2026 Leave a comment
in economics of information, economics of media and culture
America is still poised for a data center boom
07 Sep 2026 Leave a comment
in economics of education, economics of information, energy economics, entrepreneurship, industrial organisation
Eric Levitz, via Matt Yglesias. The post America is still poised for a data center boom appeared first on Marginal REVOLUTION.
America is still poised for a data center boom
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
01 Sep 2026 Leave a comment
in applied price theory, Austrian economics, economics of information, entrepreneurship, F.A. Hayek, history of economic thought, industrial organisation, Ludwig von Mises, market efficiency, Ronald Coase, Ronald Coase, Ronald Coase, theory of the firm
The wealth and technological sophistication of modern society are readily apparent. Less visible, but no less remarkable, is its ability to coordinate the actions of billions of people who know almost nothing about one another’s circumstances. Every day we make decisions without possessing most of the information on which those decisions ultimately depend. We purchase…
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
Vice signalling
29 Aug 2026 1 Comment
in applied price theory, economics of information, politics - USA Tags: signaling
Vice signalling is the opposite of virtue signalling, although it is not nearly as established as a technical term. Political scientists are more likely to discuss transgressive signalling, norm violation, incivility, performative transgression, or out-group hostility. Research on populism, for example, explicitly treats deliberate breaches of conventional standards of political behaviour as part of a political style. A […]
Vice signalling
Recent Comments