Econlib
Avoiding The Next Big One
By Shanon FitzGerald
  2034: A Novel of the Next World War, by Elliot Ackerman and Admiral James Stavridis, is a startling book. Not because of the general scenario it lays out—few students of politics and international affairs will be surprised by the suggestion that great power conflict between China and the United States is a realistic possibility in the years ahead—but because of the way in which the novel paints the story (really, the stories) of how a “cold” conflict could foreseeably...
3
READ MORE
ECONLOG by Pierre Lemieux
Individualism and Western Civilization
READ FURTHER »
In his 1944 book The Road to Serfdom, Friedrich Hayek, a future (1974) Nobel economics prize winner, spoke about "the individualist tradition which has created Western civilization" (p. 73 in the edition edited by Bruce Caldwell, University of Chicago Press, 2007). Stokely Carmichael, a black...
FEATURED COMMENTJOIN THE DISCUSSION »
What do you make of Bill Hayton's recent book The Invention of China (Yale University Press, 2020)? You can watch an interview with the author here: https://www.youtube.com/watch?v=NkCBIZ0CVKE
Mark Brady , June 14, 8:36 pm.
BROWSE BY TOPIC
BROWSE BY AUTHOR
SEARCH ECONLOG
RSS FEEDS
BLOGGER BIOS
Jun 15 2021
ECONOMIC GROWTH
The Everyday Miracles on the Web
By David Henderson
Every once in a while I pinch myself at my good fortune in being alive at this time in history, with the web making things so much easier in so many ways. Two things happened in the last hour that reminded me of how much value people, including me, get from the web. The first was that on Nextdoor in my area, some...
0
READ MORE
Jun 15 2021
MACROECONOMICS
The pointless debate over inflation
By Scott Sumner
In the past, I've frequently argued that inflation is an almost meaningless and useless concept. I'm not even aware of any coherent definitions of the concept. Unfortunately, the Fed has decided to target PCE inflation, and thus we are forced to pay attention to the issue, and even forecast its future path. Here are...
1
READ MORE
Jun 15 2021
BEHAVIORAL ECONOMICS
The Apologies of Repeal
By Bryan Caplan
Whenever government repeals a bad policy, my first reaction is amazement. Then gratitude. Swiftly followed by indignation, because no matter how bad the repealed policy was, the government almost never apologizes. Homely example: The FAA used to ban the use of any electronic device during takeoff and landing.�...
3
READ MORE
Jun 14 2021
BOOK CLUB
Knowledge, Reality, and Value: Huemer's Res...
By Bryan Caplan
Here's Mike Huemer's second set of responses to me and you. About Bryan’s Comments Thanks again to Bryan, and the readers who commented on his post, for their thoughts about Part 2. This is all cool and interesting. I’ll just comment on a few questions and points of disagreement. 1. Real World Hypothesis (...
2
READ MORE
Jun 14 2021
BOOKS: REVIEWS AND SUGGESTED READINGS
Individualism and Western Civilization
By Pierre Lemieux
In his 1944 book The Road to Serfdom, Friedrich Hayek, a future (1974) Nobel economics prize winner, spoke about "the individualist tradition which has created Western civilization" (p. 73 in the edition edited by Bruce Caldwell, University of Chicago Press, 2007). Stokely Carmichael, a black nationalist of the 1960...
9
READ MORE
Jun 14 2021
BOOKS: REVIEWS AND SUGGESTED READINGS
Avoiding The Next Big One
By Shanon FitzGerald
  2034: A Novel of the Next World War, by Elliot Ackerman and Admiral James Stavridis, is a startling book. Not because of the general scenario it lays out—few students of politics and international affairs will be surprised by the suggestion that great power conflict between China and the United States is a ...
3
READ MORE
Jun 13 2021
MONETARY POLICY
Notes on Taking Hummel's Monetary Theory and Polic...
By David Henderson
I wrote the final exam in Jeff Hummel's Masters course in Monetary Theory and Policy last month and got the results about 10 or 12 days ago. I got an A+. (Yay!) Now you might say that I should have gotten an A+, given that I have a Ph.D. in economics and given that one of the readings on the syllabus was by me. (By the...
10
READ MORE
READ THIS PIERRE LEMIEUX #LIBERTYCLASSIC:
Nov 5 2018
LIBERTY CLASSICS
Lessons and Challenges in The Limits of Libert...
By Pierre Lemieux
James Buchanan is not easy to categorize. Is he a libertarian? A classical liberal? A conservative? Or perhaps even a "liberal" in the modern American sense of "progressive" or "social democrat"? Is he an economist or a philosopher? It is paradoxical but not totally wrong to answer "all of the above," so complex and ri...
READ MORE
Jun 12 2021
ECONOMICS OF HEALTH CARE
In praise of "death panels"
By Scott Sumner
As far as I know, neither political party has ever advocated "death panels", that is, panels of experts that would deny Medicare coverage to FDA-approved treatments that don't pass a cost/benefit test. But maybe they should. Biogen's new drug to treat Alzheimer's was recently evaluated by the FDA.  Here is Rachel S...
38
READ MORE
Jun 12 2021
LAW AND ECONOMICS
Libel Laws Should All be Repealed
By Walter Block
Libel law is back in the news what with some public rethinking (more like wailing and gnashing of teeth) about New York Times v. Sullivan. Should public figures be more or less protected from being libeled is one issue that has arisen. Another is exactly who is and who is not a public figure? Then there is the questio...
19
READ MORE
Jun 11 2021
ADAM SMITH
The Centrality of Exchange
By Pierre Lemieux
Most government interventions consist in forbidding adult individuals (or their voluntary associations) to freely engage in acts of exchange: securities laws, antitrust laws, minimum-wage laws, maximum prices (like in “price gouging” laws, for example), laws and regulations mandating or banning discrimination, lega...
15
READ MORE
Jun 10 2021
ECONOMICS OF CRIME
Is a ban on corporate ransom payments feasible?
By Scott Sumner
In some recent posts, I threw out the idea of banning corporations from paying ransomware. I expected the idea to be shot down in the comment section, but I didn't see any persuasive arguments against the proposal.  In fairness to my commenters, however, most of their arguments were far superior to those offered in a ...
34
READ MORE
Jun 9 2021
MACROECONOMICS
When should NGDP be unstable?
By Scott Sumner
Over time, the labor force (employed plus unemployed) usually tends to grow at a pretty stable rate. In addition, hourly wage rates are sticky, or slow to adjust to shocks. As a result, a healthy economy requires a relatively slow but steady growth in nominal labor compensation. One way to do that is to have the centra...
29
READ MORE
Jun 9 2021
BEHAVIORAL ECONOMICS
Learning Disability Accommodation and Signaling
By Bryan Caplan
Reader Joe Munson sent me this thoughtful message.  Reprinted with his permission. Dear Bryan, It occurred to me the other day that many high schools and even colleges will basically waive certain subjects for you if you have even moderate learning disabilities (or can get a psychologist to say you do). Fore...
20
READ MORE
Jun 8 2021
BUSINESS ECONOMICS
A Warm Memory about State Farm's Good Will
By David Henderson
When I called Don Boudreaux yesterday, he was awaiting a call from his insurance company after the condo above him had leaked water into his condo. We got talking about insurance and I remembered my first interaction with my auto insurer, State Farm. I was a fairly safe driver, so even though I had driven from age 1...
14
READ MORE
Jun 8 2021
BOOK CLUB
Knowledge, Reality, and Value Book Club, Pa...
By Bryan Caplan
The Book Club on Mike Huemer's Knowledge, Reality, and Value continues.  Today, I cover Part 2 of the book.  To repeat, though I'm a huge fan of the book, I'm focusing almost entirely on disagreements. 1. One of Huemer's preferred responses to the classic Brain-in-a-Vat (BIV) scenario is that - especially compare...
8
READ MORE
Search Econlib
MORE OPTIONS
The Library of Economics and Liberty

Econlib
Enter your email address to subscribe to our monthly newsletter:
Contact Us Privacy Policy

Copyright @ 1999-2019 Liberty Fund, Inc.
All Rights Reserved
ADAMSMITHWORKS LIBERTY FUND, INC. ONLINE LIBRARY OF LIBERTY LAW AND LIBERTY
ArticlesEconLogEconTalkEncyclopediaVideosBooksGuides