Arnold Kling relaying Noah Smith relaying the state of the economics profession. I do not disagree. In a related essay, Smith argues that the current debate in economics is between the center-left and the radical left. The New Center-Left Consensus is attractive to academics and policy wonks. It draws on an eclectic mix of mainstream […]
Category Archive for 'Methodology'
To proclaim that there is no truth, that there is not even a scintilla of objective reality, is to exercise a phenomenal degree of privilege, no? This is to suggest that there is no way to obtain more knowledge about a topic. So when it comes to the workings of the price system and a […]
I tend to think this is a major problem on college campuses, but suspect it is a more general problem. Briefly, if you think about how progressively liberal a college campus is, and the human tendency to want to be accepted, it should not be a shock that you do not often see lots of […]
There was once a collection put together of 100 Authors Against Einstein, meant to criticize his theory of relativity. Einstein’s reaction is wonderful: Why 100 authors? If I were wrong, one of them would be enough!
I just managed to pick up the short pamphlet/book from philosopher Jason Brennan called Why Not Capitalism? I think to get the most out of this book you would have wanted to have already been familiar with some basic economics, some elementary philosophy as well as some of the debates that have happened since Rawls wrote […]
In my readings on political philosophy, even the most hard-core socialists, from the state-ownership clan to the anarcho-syndicalist-socialist clan seem to accede the fact that capitalism is “second best.” In other words, they craft a utopian vision for what a socialist world could look like, but since people are crooked, selfish, etc. then we must […]
From this interview: But as law students, they were taught that the Constitution evolved, right? You got that same message consistently in class, yet you had other ideas. I am something of a contrarian, I suppose. I feel less comfortable when everybody agrees with me. I say, “I better reexamine my position!” I probably believe […]
Borjas strikes back in the next round of paper(s) on the impact of the Mariel Boatlift on American wages. You would not be shocked to find that he finds that the immigrants were harmful to Floridians: This fundamental error in data construction (wintercow: in the Round Three paper) contaminates the analysis and helps hide the […]
I was once asked by a student whether I knew of any paper that demonstrated that fracking was safe. Of course, no such paper exists, nor can it exist in theory. How might one demonstrate that there is a complete absence of risk of doing anything? Or to put the question quite another way, and […]
1. The mortgage crisis seems to have been due to borrowers at ALL income levels expecting house prices to rise. Google the term “predatory borrowing” … not quite consistent with the prevailing narrative. 2. This paper may in fact be carefully done, but the result suggesting more government spending even when output multipliers are tiny […]