Claudia Goldin with Kiana Scott: The Century-Long Fight to Close the Gen…
31 Oct 2023 Leave a comment
in applied price theory, comparative institutional analysis, discrimination, economic history, economics of information, gender, health and safety, history of economic thought, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, sex discrimination
*GOAT* on Friedrich A. Hayek and his delusions
31 Oct 2023 Leave a comment
in Austrian economics, business cycles, history of economic thought, macroeconomics, monetary economics
When writing GOAT: Who is the Greatest Economist of all Time, and Why Does It Matter? I vowed I would write the whole truth. Not just that I agreed with everything I wrote (the case with every book), but I that I would relate all that I was thinking. Here is one part of the […]
*GOAT* on Friedrich A. Hayek and his delusions
Maverick: A Biography of Thomas Sowell by Jason Riley Book Review
30 Oct 2023 Leave a comment
in applied price theory, development economics, discrimination, economic history, economics of education, gender, history of economic thought, human capital, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, poverty and inequality, property rights, Thomas Sowell, urban economics
I was skeptical of learning about Sowell because he leans conservative, and I was curious to learn about Sowell because he leans conservative. The last few years I’ve grown sympathetic to the political left because I got tired of conservatives seeming hatred for all things “left.” After reading this book I think a lot of […]
Maverick: A Biography of Thomas Sowell by Jason Riley Book Review
A Conflict of Visions by Thomas Sowell
28 Oct 2023 Leave a comment
in applied price theory, discrimination, economic history, economics of education, gender, history of economic thought, human capital, labour economics, labour supply, liberalism, Marxist economics, occupational choice, poverty and inequality, Thomas Sowell
Another brilliant piece of work by the master, Thomas Sowell. Quite a theoretical book but an incredibly useful framework. I’ve observed numerous recent events through Sowell’s visions since I started reading the book. The ability for ideas to immediately infiltrate one’s framework and lexicon is a true hallmark of greatness. A vision is our natural […]
A Conflict of Visions by Thomas Sowell
Sowell Exposes Social Justice Fallacies
27 Oct 2023 Leave a comment
in applied price theory, applied welfare economics, discrimination, economic history, economics of crime, gender, history of economic thought, human capital, labour economics, labour supply, law and economics, occupational choice, politics - USA, poverty and inequality, Thomas Sowell, urban economics Tags: gender wage gap, racial discrimination, sex discrimination
Matthew Lau reviews Thomas Sowell’s latest book Social Justice Fallacies in a Financial Post article: No sacred cows in Thomas Sowell’s takedown of social justice fallacies. Excerpts in italics with my bolds and added images. In his latest book, renowned economist and author demolishes the myths that underpin the social justice movement. Thomas Sowell, age […]
Sowell Exposes Social Justice Fallacies
What is it we do and do not know about macroeconomics?
25 Oct 2023 Leave a comment
in global financial crisis (GFC), great recession, history of economic thought, macroeconomics
That is the topic of my latest Bloomberg column, here is one excerpt: Another episode frequently cited as evidence against economists is the Great Recession of 2007-2009. Economists did make some mistakes on that one — but they are not the ones you usually hear about. When real estate prices started to slow down and then […]
What is it we do and do not know about macroeconomics?
Which Is Better: Capitalism or Socialism?
25 Oct 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, history of economic thought
Here is debate audio for last week’s Capitalism versus Socialism Debate at TCU. Scott Sehon was a fine opponent, in the same league as John Marsh. Enjoy!P.S. Thanks again to Rob Garnett and Sam Arnold for hosting.
Which Is Better: Capitalism or Socialism?
BRIAN EASTON: Claudia Goldin Wins The 2023 Nobel Economics Laureateship
24 Oct 2023 Leave a comment
in discrimination, economic history, gender, health and safety, history of economic thought, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, sex discrimination
Brian Easton writes – A woman who was once chief executive of New Zealand’s biggest company said ‘It is true that a large percentage of the [women’s pay] gap is unexplained and that’s where the issue comes about; could it be bias even if that’s unconscious bias? Regardless of how we’ve got a gap … […]
BRIAN EASTON: Claudia Goldin Wins The 2023 Nobel Economics Laureateship
David D. Friedman – The Externality problem: Population, Climate, Pandemic
19 Oct 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, development economics, economic history, economics of climate change, economics of regulation, energy economics, environmental economics, global warming, history of economic thought, law and economics, liberalism, libertarianism, population economics, property rights, Public Choice
David D. Friedman: The Machinery of Freedom, Education, and India
16 Oct 2023 Leave a comment
in David Friedman, development economics, economic history, economics of crime, growth disasters, growth miracles, history of economic thought, law and economics, liberalism, libertarianism, property rights
An Evening With The Philosophical Muser #11: Discussion With Dr. David Friedman
14 Oct 2023 Leave a comment
in comparative institutional analysis, David Friedman, history of economic thought, law and economics, libertarianism, property rights
Ronald Coase part 2: Markets Don’t Fail, They Fail to Exist
12 Oct 2023 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, history of economic thought, industrial organisation, law and economics, property rights, Ronald Coase, Ronald Coase, theory of the firm
How to Make *Defending the Undefendable* Defensible
12 Oct 2023 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, history of economic thought
When the truth is ugly, people lie. Psychologists call this “Social Desirability Bias.” Human beings exaggerate their patriotism and piety, their altruism and loyalty, their intelligence and their tolerance. Social Desirability Bias (SDB) is embedded in language itself: When someone asks, “Would you like to come to my party?,” you refuse with “Sorry, I can’t”…
How to Make *Defending the Undefendable* Defensible
“She was a detective. She has inspired many researchers to study these questions
09 Oct 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, history of economic thought, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
Utopia, you are standing in it! 
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