Homines libenter quod volunt credunt
Posted in History on May 27th, 2016
One conditions to not get angry or depressed by the myriad vapid, unsubstantiated and ad hominem-type remarks in nearly every book you pick up. This is especially the case in my two areas of “expertise” – environmental economics and the economics of higher education. Here is an example from the latest, The Big Ratchet, by Ruth DeFries: Aberrant […]
Posted in Politics on May 27th, 2016
If someone had told two years ago that one party was going to run a ticket with two ex-governors who were regarded as competent and scandal-free while another party was going to run Trump, which would you have guessed would be the mainstream party and which would you have guessed would be the wacko third […]
Posted in Central Planning, Development, Entrepreneurs, Extended Order, growth, Innovation, Macroeconomics, Market Failures on May 27th, 2016
In revisiting my class discussions on the economics of public goods, I came across a paper from the OECD that incredibly I had never been aware of. One of the major results in the paper is shocking. Now the sample size, as with all cross-country analyses, is small, and there are the usual caveats about […]
