In a decision that could well find itself before the Supreme Court, the United States Court of Appeals for the Ninth Circuit upheld California’s ban on “large capacity” magazines. In a rare move, Judge Lawrence Van Dyke offered a video dissent to the majority opinion.
Long ago, I co-blogged for EconLog with Arnold Kling. Now he’s running a book club for Liberty Fund. Last month, Arnold invited me and philosopher Rachel Ferguson to discuss Mike Huemer’s new Progressive Myths. Enjoy!
An excellent EconTalk episode with Pete Boettke on the socialist calculation debate. I like Boettke on the three Ps. The three Ps–property, prices, and profits and loss. Property incentivizes us. Prices guide us. Profits lure us to new changes and losses discipline us. Today, “incentives matter” is often considered the first lesson of economics. But […]
I have a new working paper out. It proposes a price theory-based explanation of why states nationalize the production of “public goods” (i.e., non-excludable and non-rivalrous). This is different than existing explanations as the theory ignores whether private provision is efficient or superior to public provision. I call it the “redistributive engine” theory whereby the […]
I review a very good new book on occupational licensing, The Licensing Racket by Rebecca Haw Allensworth in the WSJ. Most people will concede that licensing for hair braiders and interior decorators is excessive while licensing for doctors, nurses and lawyers is essential. Hair braiders pose little to no threat to public safety, but subpar […]
E, S, G does not cover core financial risks. We’re looking to assess financially-relevant environmental, social and governance factors, not financially-relevant financial factors.” Got that? Yup. It’s total hogwash.
Under current law, any US companies considering a merger or acquisition that is above $125 million in size must first report it to the government. The most recent data for 2023 says that 1,805 such transactions were reported in 2023, which was a relatively low number for recent years. In 2021 and 2022, for example,…
BP’s green pivot has backfired spectacularly, hammering profits and leaving the company vulnerable to a hedge fund siege, writes Jonathan Leake in the Telegraph.
Below is my column in the Hill on the new American emigres: “disinformation experts” who are finding themselves unemployed with the restoration of free speech protections. Here is the column:
Founded in 1660, the Royal Society is one of the most prominent scientific organizations in the world with associations to such luminaries as Sir Isaac Newton and Charles Darwin. Despite that proud history, British scientists are pushing to politicize the society and expel Elon Musk because they disagree with his political views. It is not […]
Here is a redux of our 2016 Journal of Economic Perspectives piece. Here is the abstract: We can imagine a plausible case for government support of science based on traditional economic reasons of externalities and public goods. Yet when it comes to government support of grants from the National Science Foundation (NSF) for economic research, […]
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
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