Here is a good summary of the modern challenges facing philanthropists. Back when we had our student group this would have been a great topic for discussion. Aside from the obvious Hayekian concerns about knowledge and planning, the philosophical question of whether unborn future people can and should have a claim on us is difficult. […]
Category Archive for 'Extended Order'
From today’s news: The WSJ reports that for profit meat companies are changing their game as they respond to shifting demand for “organic food”. A direct quote about the power of free market environmentalism; “Brandon Glenn had already gone further. Not at the behest of the government, but of a meat company for which he […]
Ask yourself, when you see an individual or collective entity fail to overcome a challenge, what your reaction is. I suspect a good many folks ask questions like, “what went wrong?” or “what obstacles got in the way?” I suggest that this is not a fruitful way to proceed. A far richer method of inquiry […]
I understand why folks, at least within my profession, are worried about online education displacing or devaluing classroom teachers. But let me ask, what has happened to direct musical instruction over the past thirty years? Are there not myriad videos, DVDs, books, and other ways to learn instruments at almost no cost? Has this destroyed […]
The federal government collected $350 billion from corporations in corporate income taxes last year. Economists have long understood and explain that the US federal (and state) corporate income tax rates are at the same time both too high and too low. Why do we say this? Well, the tax rate is, at the margin, very […]
Lest I be accused of being a shill for the coal sector, one ought to peruse my many previous comments on coal. Furthermore, I do not own any direct stake in any coal company aside from what my Vanguard mutual funds may be investing in. Furthermore, supporting coal is not good for my long-term career […]
Good economics recognizes that we do not produce merely for the sake of production, hobbies notwithstanding. In other words, the sole end of all production is consumption. The reason I am in here long before the break of dawn is not really because I particularly love combing through the NBER Working Papers, or that I […]
Today, the UN estimates that China produces about 18.9% of all global manufacturing output. Ignore whether this number has any meaning at all. Consider that in the mid-19th century, economic historians estimate that over 50% of all of the world’s goods were manufactured in England.
My wife is probably not the only person out there who is far more terrified of flying in an airplane than she is driving in a car. Now some of this terror has to do with a fear of heights or being locked in an enclosed space, and there is no “right” or “wrong” feeling […]
I know you used to watch the Price is Right! So, is our environment more like a train track or a plinko chip? If you were able to “set up” our climate, our oceans and our ecosystems with the same initial conditions in this same universe, say, 1 million times, and you let the […]