Claudia Goldin | Women in Economics
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, poverty and inequality Tags: gender wage gap, sex discrimination
David Friedman on his Intellectual Legacy
08 Oct 2023 Leave a comment
in David Friedman, history of economic thought, law and economics
Quotation of the Day…
07 Oct 2023 Leave a comment
in applied price theory, economic history, history of economic thought, industrial organisation Tags: competition and monopoly, competition law
Tweet… is from page 5 of Gabriel Kolko’s 1963 book, The Triumph of Conservatism: Contrary to the consensus of historians, it was not the existence of monopoly that caused the federal government to intervene in the economy [in the late 19th and early 20th centuries], but the lack of it. DBx: Market competition is astonishingly…
Quotation of the Day…
Why Sweden Isn’t an Example of Socialism
04 Oct 2023 Leave a comment
in economic growth, economic history, economics of regulation, history of economic thought, industrial organisation, labour economics, macroeconomics, welfare reform Tags: Sweden
When I meet Americans who self-identify as “socialists,” it is quite uncommon for them to advocate the abolition of private property and the “collective or governmental ownership and administration of the means of production and distribution of goods”–which is the dictionary definition of socialism. Instead most of the American “socialists” I meet favor a more…
Why Sweden Isn’t an Example of Socialism
Inflation, Deflation and Debt
03 Oct 2023 Leave a comment
in budget deficits, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, monetary economics
Fiscal Theory of the Price Level – Lecture by John H. Cochrane
30 Sep 2023 Leave a comment
in budget deficits, economic history, fiscal policy, history of economic thought, macroeconomics, monetary economics
Ronald Coase Part 2: Markets Don’t Fail, They Fail to Exist
26 Sep 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of information, history of economic thought, law and economics, Ronald Coase, Ronald Coase, theory of the firm
Ronald Coase Part 1: Reconciling Theory with Reality
25 Sep 2023 Leave a comment
in applied price theory, comparative institutional analysis, history of economic thought, law and economics, property rights, Ronald Coase, Ronald Coase
These wsves are an under-rated cause of business cycles
31 Aug 2023 Leave a comment
in business cycles, history of economic thought, macroeconomics Tags: creative destruction
Will AI Make a Planned Economy Feasible? The Socialist Calculation Debate Revisited
25 Aug 2023 Leave a comment
in Austrian economics, comparative institutional analysis, F.A. Hayek, history of economic thought
The “socialist calculation debate” happened in the 1920s and 1930s. The economics profession was developing a vision of the economy as made up of prices and quantities for goods and services, based on supply and demand. Socialist economists (for example, Oskar Lange) sought to build on this framework. Their argument was along the following lines:…
Will AI Make a Planned Economy Feasible? The Socialist Calculation Debate Revisited
Benefit-cost analysis without the benefits or the analysis: How not to write Merger Guidelines
20 Aug 2023 Leave a comment
in applied price theory, history of economic thought, industrial organisation, law and economics
NEW PAPER ON SSRN: The wealth-creating engine of capitalism is the movement of assets to higher-valued uses. Our biggest and most valuable assets, and those with the greatest wealth-creating potential are corporations. Antitrust law and practice work to facilitate this movement, while deterring the types of mergers which substantially lessen competition. Previous iterations of the DOJ/FTC Merger…
Benefit-cost analysis without the benefits or the analysis: How not to write Merger Guidelines
Thomas Sargent Delivers the 2022 Simpson Lecture
11 Aug 2023 Leave a comment
in budget deficits, economic history, fiscal policy, history of economic thought, macroeconomics, monetary economics, public economics
Bob Lucas on Growth, Poverty and Business Cycles 2/5/2007
19 May 2023 Leave a comment
in business cycles, comparative institutional analysis, development economics, economic history, economics of education, growth disasters, growth miracles, history of economic thought, human capital, labour economics, law and economics, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas, unemployment Tags: monetary policy
The wisdom of John Cowperthwaite
19 Apr 2023 Leave a comment
in development economics, economic history, history of economic thought Tags: Hong Kong
Roderick Long interviews DAVID FRIEDMAN
18 Apr 2023 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, David Friedman, economic history, economics of crime, economics of regulation, environmental economics, global warming, history of economic thought, law and economics, property rights, Richard Posner
Utopia, you are standing in it! 
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