Economics

Archive for Economics

Bryan Caplan Turns the Tables on the Libertarian Haters

Bryan Caplan gives a great rhetorical tip to people debating libertarianism. (I gather there are at least 3 of you on the Internet.) I am going to copy and paste most of his post because you really need to see the full context: “What if a poor person gets sick, doesn’t have insurance, and can’t […]

Different Kinds of CPI Bias

I am happy anytime GMU professors argue with each other, so I liked this recent post from Bryan Caplan: An argument I’ve repeatedly had with Tyler Cowen: Tyler: We’re stagnating! Bryan: No we’re not. You’re ignoring massive CPI bias. We live in an age ofconsumption-biased technological change. Official numbers don’t adequately adjust for quality improvements, […]

I Really Tried

So Daniel Kuehn didn’t understand what Peter Klein was getting at when Klein wrote this: Both the Austrian and neoclassical approaches to demand begin with an ordinal preference ranking. But the understandings of marginal and total utility are completely different. For Menger, marginal utility applies only to discrete units of a homogenous stock of a […]

Amanda BillyRock Goes to University…Mises University

I’m still trying to get my right audio channel to work, and she apparently has the ability to speed up time itself in her videos:

Does Anyone Deny That There Were Unprecedented Credit Stimulus Policies During Hoover Administration?

Here’s something I want to pin down. In my book on the Great Depression, I quote Lionel Robbins saying (I think in 1934) that central banks around the world had tried unprecedented measures to stimulate a recovery through cheap credit, and that this was a complete reversal of traditional central bank doctrine. Then Daniel Kuehn […]

NFL Referee Lockout and Private Law

This is a message I just sent to an email List, which I thought some of you might enjoy too: Just a thought for those of you who teach and discuss private law with your students: It seems to me that the NFL lock-out is a great opportunity to talk about private legal systems and […]

Potpourri

I’m almost giddy for tonight’s Potpourri. I don’t know if I’m in a good mood and see the creativity and courage out there in the blogosphere, or if my blogging peers are all having a good week. In any event, here goes: ==> Paul Krugman recently wrote that the US was doing pretty good during […]

Old News: Murphy vs. Karl Smith

I just sent this to someone over email, to make sure he realized that I’m not a complete nutjob. If I ever debate Krugman, I will probably not make it shirts and skins. Anyway, this was the online debate the Mises Academy hosted between Karl Smith (of Modeled Behavior) and me.