I am sure many bytes are being “spilled” to analyze and comment on Krugman’s latest outburst or peacocking or whatever you wish to call it. Read the comments. Remember that all of those folks think you should get into the community hot-tub with them. A few points: Remember what I said about Woody Going Straight [...]
Category Archive for 'Economists'
I was listening to the radio on the way in when a caller chimed in to discuss last November’s cancellation of the NYC Marathon. The caller indicated that the reason Bloomberg was going to “let the show go on” even as the rest of New York suffered without power and fuel and heat, is because [...]
The table below illustrates one reason why I remain astounded at how the “popular” view of economists has come to be what it is. I sense that the popular view paints us all as market-fundamentalist, anti-tax, anti-regulation, uber-rational, etc. supporters. If political identity actually tells us what we think it does, [...]
Here a few of the interesting working papers in economics that were released today: Evaluating Durable Public Good Provision using Housing Prices by Stephen Coate Recent empirical work in public finance uses the housing price response to public investments to assess the efficiency of local durable public good provision. This paper investigates the theoretical foundations for this technique. [...]
Student: “I’d like to know why I got an F in your class!” Heartless Professor: “Because the College doesn’t allow me to give you anything lower.”
Do you know why economists are likely to be in favor of Washington and Colorado legalizing marijuana use? Not because they care much about freedom or even that they think it is welfare improving. No, not at all. Remember, “we” economists are self-interested creatures. And this change in the law will be a very useful [...]
If you watched the debate you are aware that the bailout of the American automobile industry is seen as a badge of honor, a sign of economic rectitude, evidence of leadership and so on. Ignore the fact that pointing to the “success” of the auto-bailouts is akin to celebrating the rock-tossing boy in Bastiat’s famous [...]
There is no denying that many people, perhaps yours truly included, seem to love the idea of having money. The same, of course, is true for extra-individual institutions. But is it really the case that even for the most megalomaniacal person out there that the acquisition and pursuit of money is an end wholly unto [...]
My colleague Steve Landsburg points out today: Paul Krugman gets this one exactly right; among the 47% of Americans who pay no federal income tax in a given year, most do pay federal income tax at some point in their lives — and thus have at least some stake in the tax system. Then one of the folks [...]
Prominent Chicago economists justify federal spending … on … economists.