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A production possibilities frontier, which gradually shifts out due to productivity and labor force growth.... old classical macro plus reallocation https://www.econlib.org/archives/2006/02/drain_our_brain.html?to_print=true Drain Our Brains: It's the Law! - Econlib Apr 5, 2018 - If you want to get a U.S. student visa, you’re supposed to demonstrate “nonimmigrant intent.” As one immigration lawyer puts it: “the student must have... the law drain brains econlib https://www.econlib.org/the-old-inflation-playbook-still-applies/ The "old inflation playbook" still applies - Econlib Jan 30, 2022 - The FT recently ran an article by Philipp Hildebrand entitled, “The old inflation playbook no longer applies”, which warned against the Fed adopting an... the old inflation playbook still applies https://www.econlib.org/archives/2011/07/timothy_taylor_1.html Timothy Taylor on NCH - Econlib Apr 5, 2018 - He writes, In particular, it’s intriguing to brainstorm about certain kinds of jobs that are not extremely high on skills (not everyone is going to be a... timothy taylor nch econlib https://www.econlib.org/library/Columns/y2017/SchwartzShaw.html George Bernard Shaw and Creeping Socialism - Econlib Jun 20, 2018 - The absorbing biography of George Bernard Shaw (1856-1950) by Michael Holroyd, which lay in my library since 1988 among my books on political theory, has... george bernard shaw creeping socialism econlib https://www.econlib.org/archives/2008/12/shocking_news.html Shocking News - Econlib Apr 5, 2018 - A news story in today’s Boston Globe titled, “Auditors Fault Treasury Policing of Bailout Funds,” cites a report by federal government auditors at the... shocking news econlib https://www.econlib.org/author/ngoodman/ Nathan Goodman, Author at Econlib nathan goodman author econlib https://laweconcenter.org/tag/econlib/ EconLib Archives - International Center for Law & Economics international center econlib archives law economics https://www.econlib.org/archives/2005/07/professors_for.html?to_print=true Professors for Drugs - Econlib Apr 5, 2018 - Alex Tabarrok wants the freedom to buy drugs without having to beg a doctor’s permission, and I couldn’t agree more. When I mentally review my last five... for drugs professors econlib https://www.econlib.org/archives/2012/04/the_new_geograp.html The New Geography of Jobs - Econlib Apr 5, 2018 - That is the new book (due out May 5) by Enrico Moretti. My review can be summed up as: Wow. In a very competitive 2012 book market, this vaults to number two... the new geography jobs econlib https://www.econlib.org/archives/2006/12/real_caricature.html?to_print=true Real Caricature - Econlib Apr 5, 2018 - For me, one of the funnest parts of teaching undergraduate labor is when I lecture on why “the standard history of labor is wrong.” I begin with a quick... real caricature econlib https://www.econlib.org/archives/2009/09/jet_lag_night_f.html Jet Lag, Night Feedings, and Fixed Costs - Econlib Apr 5, 2018 - Economists usually emphasize marginal analysis. Should a firm make one more pound of steel? Should a shopper spend one more minute looking for a lower price?... jet lag fixed costs night feedings econlib https://www.econlib.org/library/Bastable/bastbPF.html?chapter_num=2 Public Finance - Econlib Jul 11, 2018 - In preparing this edition (which has been seriously delayed owing to pressure of other work) it has been my aim, while preserving the general character of the... public finance econlib https://www.econlib.org/library/Mises/msS.html?chapter_num=10 Socialism: An Economic and Sociological Analysis - Econlib Oct 27, 2022 - Ludwig von Mises (1881-1973) first published Socialism in German, in 1922. The edition presented here is that published by Liberty Fund in 1981. It follows the... sociological analysis socialism economic econlib https://www.econlib.org/archives/2010/11/the_socialist_c_1.html The Socialist Calculation Debate, 2010 Edition - Econlib Apr 5, 2018 - Joseph Antos writes, The problem for a government price controller is that he can never know when the price structure is “right.” He can know when physicians... socialist calculation debate edition econlib https://www.econlib.org/library/Malthus/malPlong.html?chapter_num=20 An Essay on the Principle of Population - Econlib Jul 9, 2018 - There are two versions of Thomas Robert Malthus’s Essay on the Principle of Population. The first, published anonymously in 1798, was so successful that... an essay on the principle population econlib https://www.econlib.org/library/Buchanan/buchCv2.html?to_print=true Public Principles of Public Debt: A Defense and Restatement - Econlib public principles debt defense restatement https://www.econlib.org/archives/2005/08/another_take_on.html?to_print=true Another Take on What's Wrong With Economics - Econlib Apr 5, 2018 - Not only do I disagree with Arnold’s views on the self-interest and rationality assumptions; it also looks like Arnold disagrees with Arnold! In the past,... take on another wrong economics econlib https://www.econlib.org/archives/2007/05/borjas_whats_hi.html Borjas: What's His Problem? - Econlib Apr 5, 2018 - George Borjas, the most academically reputable critic of immigration in economics, is now blogging. To be frank, I just don’t get him. There isn’t a decent... borjas problem econlib https://www.econlib.org/library/Columns/y2020/Klingsexualrevolution.html The Sexual Revolution as Primal Cause - Econlib Mar 2, 2020 - Our macropolitics have become a mania about identity, because our micropolitics are no longer familial… because the human animal has been selected for familial... the sexual revolution primal cause econlib https://www.econlib.org/archives/2004/11/health_care_and.html?to_print=true Health Care and Moral Values - Econlib Apr 5, 2018 - Dr. James J. Mongan writes, After 30 years of waging the battle for broader health insurance, I am convinced the debate over universal coverage is more about... health care moral values econlib https://www.econtalk.org/skeel-on-bankruptcy-and-the-auto-industry-bailout/ David Skeel on Bankruptcy and the Auto Industry Bailout - Econlib Sep 15, 2022 - David Skeel of the University of Pennsylvania Law School talks with EconTalk host Russ Roberts about bankruptcy and the government bailout of the auto... auto industry bailout david skeel bankruptcy econlib https://www.econlib.org/debauched-currency-leads-to-debauched-hot-dogs/ Debauched Currency Leads to Debauched Hot Dogs - Econlib Sep 8, 2024 - “Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages... leads to hot dogs debauched currency econlib https://www.econlib.org/archives/2012/04/econ_bloggers_i.html Econ Bloggers in Kansas City - Econlib Apr 5, 2018 - Videos here. Panel 2, on the budget, includes Ezra Klein. He argues that the budget is, in the grand scheme of things, not such an important problem. I would... kansas city econ bloggers https://www.econlib.org/archives/2018/03/henderson_speec.html?to_print=true Henderson Speech at Brescia University - Econlib Mar 12, 2018 - I will be speaking at Brescia University in Owensboro, Kentucky on Wednesday, March 14. Topic: Economic Inequality: Popular Misconceptions. Time: 7:00 p.m.... brescia university henderson speech econlib https://www.econlib.org/archives/2005/10/education_as_a.html Education as a Positional Good - Econlib Apr 5, 2018 - Chris Dillow cuts right to the heart of an issue I’ve danced around on this blog a number of times. Say I were to claim the following: lots of middle class... as a positional good education econlib https://www.econlib.org/archives/2012/03/the_speculator.html?to_print=true The Speculator of Last Resort - Econlib Apr 5, 2018 - Business Week reports, The Treasury purchased $225 billion in government- sponsored-enterprise bonds and made a profit of $25 billion from principal, interest... last resort speculator econlib https://www.econlib.org/archives/2011/05/psst_as_market.html PSST as Market Failure - Econlib Apr 5, 2018 - Noah Smith seems to think of it that way. in a PSST world, there is no invisible hand. This opens the door for a hugely expanded role for government (or other... market failure psst econlib https://www.econlib.org/archives/2015/09/were_number_16.html We're Number 16! We're Number 16! - Econlib Apr 5, 2018 - Four years ago, when the then latest issue of Economic Freedom of the World was published, I wrote a post titled “We’re Number 10! We’re Number 10!” The... number econlib https://www.econlib.org/archives/2013/11/you_didnt_pay_c.html You Didn't Pay Child Support? We'll Make it Harder for You to Work - Econlib Apr 5, 2018 - “No one benefits from making it more difficult for an individual who owes money to make money.” When I teach my Cost-Benefit course, I give out a problem set... child support make it for to pay harder https://www.econlib.org/archives/2014/05/bauman_responds.html Bauman Responds on The Cartoon Introduction to Climate Change - Econlib Apr 5, 2018 - Yoram Bauman, co-author of The Cartoon Introduction to Climate Change, asked to respond to my review. I’m about to go to my parents’ golden anniversary party,... on the climate change bauman responds cartoon https://www.econlib.org/library/LFBooks/Hume/hmMPL.html?chapter_num=8 Essays, Moral, Political, and Literary - Econlib May 2, 2022 - DAVID HUME’S greatness was recognized in his own time, as it is today, but the writings that made Hume famous are not, by and large, the same ones that support... essays moral political literary econlib https://www.econlib.org/archives/2017/04/score_one_for_u.html Score One for United Airlines - Econlib Apr 5, 2018 - With all the negative publicity United Airlines has had lately, I want to share a positive. Yesterday morning, I was flying from Washington Dulles to LAX, with... united airlines score one econlib https://www.econlib.org/library/Smith/smWN.html/embed/ An Inquiry into the Nature and Causes of the Wealth of Nations - Econlib into the nature inquiry causes wealth nations https://www.econlib.org/archives/2017/10/henderson_at_te.html?to_print=true Henderson at Texas Tech in Lubbock - Econlib Apr 5, 2018 - This coming Thursday, October 26, I will be speaking at the Free Market Institute at Texas Tech University. Topic: How Economists Helped End the Military Draft... texas tech henderson lubbock econlib Sponsored https://www.asstok.com/enter.php?prg=1&id=robuta&t=best&ad_id=asstok_300x250_ms2.jpg Asstok Ready for a modern day adult dating site? Hook up online and enjoy sexting with others on AssTok. Trade private photos and videos formerly. https://www.econlib.org/library/Mill/mlP.html?chapter_num=75 Principles of Political Economy with some of their Applications to Social Philosophy - Econlib Jun 24, 2018 - John Stuart Mill (1806-1873) originally wrote the Principles of Political Economy, with some of their Applications to Social Philosophy very quickly, having... political economy social philosophy principles applications econlib https://www.econlib.org/archives/2006/06/expect_to_live.html?to_print=true Expect to Live Longer than Your Life Expectancy - Econlib Apr 5, 2018 - I’ve long thought that life expectancy statistics were odd. Encyclopedias treat nation’s life expectancies as numbers on par with square mileage. But in... to live your life expect longer econlib https://www.econlib.org/archives/2008/10/is_obama_the_ne.html Is Obama the Next FDR? - Econlib Apr 5, 2018 - I’ve previously said that I’ll count myself lucky as long as Obama doesn’t turn out to be the next FDR. Now the affable Paul Rubin’s arguing that my luck won’t... the next obama fdr econlib https://www.econlib.org/archives/2017/01/gruber_on_romne.html Gruber on Romney and Obama - Econlib Apr 5, 2018 - I found this 33-minute PBS interview of Jonathan Gruber, one of the architects of both Romneycare in Massachusetts and Obamacare for the United States,... gruber romney obama econlib https://www.econtalk.org/kevin-mckenna-on-characters-plot-and-themes-of-in-the-first-circle/ Kevin McKenna on Characters, Plot, and Themes of In the First Circle - Econlib Jun 17, 2026 - Russian Literature Professor Kevin McKenna of the University of Vermont talks with EconTalk host Russ Roberts about the characters, plot, and themes of... in the first kevin mckenna characters plot themes https://www.econlib.org/archives/2014/05/frank_on_phony.html Frank on Phony Credentials - Econlib Apr 5, 2018 - Thomas Frank’s essay on phony credentials is engaging throughout. Lead-in: Americans have figured out that universities exist in order to man the gates of... frank phony credentials econlib https://www.econlib.org/archives/2012/05/are_resources_e.html Are Resources Exhaustible? - Econlib Apr 5, 2018 - If resources are not fixed but created, then the nature of the scarcity problem changes dramatically. For the technological means involved in the use of... resources exhaustible econlib https://www.econlib.org/archives/2010/02/the_commission.html The Commission, the Deficit, and the VAT - Econlib Apr 5, 2018 - Greg Mankiw writes, let’s suppose that you are a conservative and you want the fiscal commission to succeed. You will have to agree to higher taxes as part of... the commission deficit vat econlib https://www.econlib.org/archives/2009/05/health_reforms.html Health Reform's Savings Myth - Econlib Apr 5, 2018 - That is the title of an op-ed piece by Maya MacGuineas that is on the Washington Post web site. I didn’t see it in print, because I am still not used to the... health reform savings myth econlib https://www.econlib.org/archives/2014/01/walter_oi_an_ap.html Walter Oi, An Appreciation - Econlib Apr 5, 2018 - UPDATE below: Walter thought the draft was wrong because he thought that people should be able to make such an important choice–whether to join the military or... walter oi appreciation econlib https://www.econlib.org/archives/2015/12/straw_men_rule.html Straw Men Rule - Econlib Apr 5, 2018 - Yesterday I was on a panel on drug policy with a Virginia state senator. As you’d expect, I made the case for full drug legalization. And as you’d expect, he... straw men rule econlib https://www.econlib.org/archives/2007/09/public_opinion_1.html?to_print=true Public Opinion About the Future of Science: A Glimmer of Hope - Econlib Apr 5, 2018 - A fun survey, with funny results: [R]espondents were asked in a 1998 Newsweek poll: “In the next century, which one of the following current scientific beliefs... the future of public opinion science glimmer hope https://www.econlib.org/archives/2009/03/the_future_of_m_1.html The Future of Macroeconomics - Econlib Apr 5, 2018 - Three predictions: 1. There will be much less emphasis on monetary policy, and much more emphasis on financial institutions and financial regulatory policy. 2.... the future of macroeconomics econlib https://www.econlib.org/library/Columns/y2004/Caplanidea.html The Idea Trap - Econlib Jun 8, 2018 - “Income growth seems to increase economic literacy, even though income level does not.” Your country is falling apart. Unemployment and inflation are sky high.... the idea trap econlib https://www.econlib.org/archives/2017/11/cohen_on_the_re.html Cowen on the Republican Tax Cut Bill - Econlib Apr 5, 2018 - Tyler Cowen has written a mainly excellent piece on the Republican tax cut bill. I want to add to part of his analysis and challenge him on one of his numbers.... on the tax cut cowen republican bill https://www.econlib.org/archives/2008/06/arent_voters_di.html?to_print=true Aren't Voters Disgusting? - Econlib Apr 5, 2018 - Drew Westen’s The Political Brain is largely a how-to manual for inspiring political emotions. But to be honest, the main emotion is inspired in me was... voters disgusting econlib https://www.econlib.org/archives/2010/11/milton_friedman_12.html?to_print=true Milton Friedman and the Phillips Curve - Econlib Apr 5, 2018 - I have agreed to write something on the history of the Phillips Curve, so I may post on the topic from time to time. The heyday of the Phillips Curve was... the phillips curve milton friedman econlib https://www.econlib.org/archives/2011/06/cowardly_positi.html?to_print=true Cowardly Positions - Econlib Jun 14, 2018 - One common criticism of pacifism is that it is “cowardly.” What might this mean – and is it true? 1. “Pacifism is cowardly” = “Pacifists are cowards.” Given... cowardly positions econlib https://www.econlib.org/archives/2011/12/were_all_hetero.html We're All Heterodox Now - Econlib Apr 5, 2018 - The Economist writes, They have thrived on the back of massive disillusion with mainstream economics, which held that the economy would grow steadily if... heterodox econlib https://www.econlib.org/archives/2018/05/a_parable_about.html?to_print=true A Parable About ZTE - Econlib Jun 13, 2018 - by Pierre Lemieux Assume that the state is not a benevolent organization. It pursues its own interests, which means the interests of those who occupy positions... parable zte econlib https://www.econlib.org/archives/2003/09/mortgage_deprec.html Mortgage Depreciation - Econlib Apr 5, 2018 - With Freddie Mac, a major mortgage lender (and once my employer) gripped by scandal, it might be useful to go over some basic economics of the mortgage... mortgage depreciation econlib https://www.econlib.org/archives/2015/02/mccloskey_on_pi.html McCloskey on Piketty - Econlib Apr 5, 2018 - I’m starting to work on a paper that I’ll give at the APEE (Association for Private Enterprise Education) meetings in Cancun in April. The working title for... mccloskey piketty econlib https://www.econlib.org/archives/2011/11/one_scenario_fo.html One Scenario for Sovereign Debt - Econlib Apr 5, 2018 - Robert Samuelson writes, as economist Arvind Subramanian of the Peterson Institute makes clear in an open letter to IMF Managing Director Christine Lagarde.... sovereign debt one scenario econlib https://www.econlib.org/archives/2011/04/is_capitalism_p.html Is Capitalism Pro-Kid? - Econlib Apr 5, 2018 - I’m pro-capitalism and pro-kid, and I’d like the two to be complementary. So I have to smile when Corinne Maier, author of No Kid: 40 Good Reasons Not To Have... capitalism pro kid econlib https://www.econlib.org/archives/2011/09/credentials_and.html?to_print=true Credentials and Teacher Quality - Econlib Apr 5, 2018 - According to Marcus Winter, they are not highly correlated. teacher quality credentials econlib https://www.econlib.org/archives/2008/12/gullibility_mad.html Gullibility, Madoff, and Fiscal Stimulus - Econlib Apr 5, 2018 - Stephen Greenspan, a psychiatrist who lost money in the Bernard Madoff scam, writes, Gullibility is a sub-type of foolish action, which might be termed... fiscal stimulus gullibility madoff econlib https://www.econtalk.org/yuval-levin-on-a-time-to-build/?ref=benb.us Yuval Levin on A Time to Build - Econlib Feb 15, 2022 - Author and political scientist Yuval Levin of the American Enterprise Institute talks about his book A Time to Build with EconTalk host Russ Roberts. Levin... on a time yuval levin build econlib https://www.econlib.org/archives/2015/02/the_environment_1.html The Environmental Continuum: Reply to Alex Epstein - Econlib Apr 5, 2018 - Alex Epstein, author of The Moral Case for Fossil Fuels, replies to my criticism and questions over at Forbes.com. Overall, I’m dissatisfied with his... reply to alex epstein environmental continuum econlib https://www.econlib.org/archives/2015/08/the_rule_of_law.html The Rule of Law in the Regulatory State - Econlib Apr 5, 2018 - What banker dares to speak out against the Fed, or trader against the SEC? What hospital or health insurer dares to speak out against HHS or Obamacare? What... rule of law regulatory state econlib https://www.econlib.org/library/Enc/Monopoly.html?to_print=true Monopoly - Econlib Jul 2, 2025 - A monopoly is an enterprise that is the only seller of a good or service. In the absence of government intervention, a monopoly is free to set any price it... monopoly econlib https://www.econlib.org/haiti-cuba/?to_print=true Haiti Cuba - Econlib Dec 14, 2018 - Tiny Sunrise Airways runs 12 direct flights weekly from the Cuban cities of Havana, Camaguey and Santiago to Port-au-Prince. Cubans interviewed in the market... haiti cuba econlib https://www.econlib.org/archives/2010/05/happy_mothers_d.html?to_print=true Happy Mother's Day: EconLog Edition - Econlib Apr 5, 2018 - The sections based on “Parenthood As the Trump of all Past Regret” and “The Lorelai Paradox” might not make the final cut in Selfish Reasons to Have More Kids,... mother s day happy edition econlib https://www.econlib.org/archives/2009/10/health_reform_a.html Health Reform and Vietnam - Econlib Apr 5, 2018 - Michael Cannon writes, Massachusetts also demonstrates that compulsory health insurance enables, and ultimately requires, politicians and government bureaus to... health reform vietnam econlib https://www.econlib.org/archives/2014/08/canadas_single.html Canada's Single Payer/Single Problem - Econlib Apr 5, 2018 - Have you seen this sign in your doctor’s office? It reads, “One problem per visit, please.” An editorial in the Canadian Medical Association Journal says this... single payer canada problem econlib https://www.econlib.org/archives/2016/04/economic_theory_1.html Economic theory, but only when it's convenient - Econlib Apr 5, 2018 - A few weeks ago, I did a post pointing to an inconsistency in progressive thought. Progressives worry a lot about low wages in Mexico stealing jobs form Texas,... economic theory convenient econlib https://www.econlib.org/archives/2014/05/my_moment_with.html My Moment with Gary Becker - Econlib Apr 5, 2018 - From Selfish Reasons to Have More Kids: In 1992, Gary Becker won the Nobel prize in economics for one big idea: “Economics is everywhere.” He saw economics in... my moment gary becker econlib https://www.econlib.org/archives/2012/01/democracy_worse.html Democracy: Worse Than I Thought - Econlib Apr 5, 2018 - The main problem with democracy, I keep arguing, is that harmful policies reliably win by popular demand. But there are exceptions. Take Obamacare. It appears... worse than i thought democracy econlib https://www.econlib.org/one-book-three-recipes-for-student-reading-groups-the-many-uses-of-are-economists-basically-immoral/ Recipes for Student Reading Groups: The Many Uses of Are Economists Basically Immoral? - Econlib Mar 1, 2022 - At private, religious schools like mine, students have to get a certain number of credits for attending chapel or convocation or similar events in order to... for student reading groups the many recipes uses https://www.econlib.org/library/YPDBooks/Cobden/cbdSPP.html?chapter_num=11 Speeches on Questions of Public Policy by Richard Cobden - Econlib Jul 9, 2018 - The Speeches contained in these two volumes have been selected and edited at the instance of the Club which was established for the purpose of inculcating and... public policy richard cobden speeches questions econlib https://www.econlib.org/archives/2013/09/when_does_chang.html When Does Changing Household Size Resurrect American Economic Performance? - Econlib Apr 5, 2018 - Today Tyler chides anti-stagnationists who point to falling household size: Normal 0 MicrosoftInternetExplorer4 Persons per family household: 1990: 3.22 2000:... economic performance changing household size resurrect https://www.econlib.org/archives/2005/06/krugman_comes_o.html Krugman Comes Out - Econlib Apr 5, 2018 - Paul Krugman writes, I like Ted Kennedy’s slogan “Medicare for all.” It reminds voters that America already has a highly successful, popular single-payer... comes out krugman econlib https://www.econlib.org/archives/2012/07/does_econometri.html Does Econometrics Resolve Issues? - Econlib Apr 5, 2018 - Bryan Caplan’s statement, “In social science, the best arguments prove more than the best studies,” reminds me of a conversation I was in earlier this week.... econometrics resolve issues econlib https://www.econlib.org/archives/2016/04/the_first_great.html The First Great Moderation - Econlib Apr 5, 2018 - I just read a fascinating NBER paper by Joseph Davis and Marc Weidenmier, on the first Great Moderation; from 1841 through 1856: First, both moderations... the first great moderation econlib https://www.econlib.org/library/YPDBooks/Jevons/jvnCQ.html?chapter_num=19 The Coal Question - Econlib Jul 9, 2018 - I AM desirous of prefixing to the second edition of the following work a few explanations which may tend to prevent misapprehension of its purpose and... the coal question econlib https://www.econlib.org/on-productive-and-counterproductive-ways-to-read/ On productive and counterproductive ways to read - Econlib Feb 3, 2022 - I get the impression that some people read works of economics, political science, sociology, philosophy, and political theory largely through the lens of who... ways to productive read econlib https://www.econlib.org/archives/2009/07/further_reply_t.html Further Reply to Matt: Who is "We"? - Econlib Apr 5, 2018 - Like some commenters, I found Bryan Caplan’s post on health care today to be one of his best. And he’s already set a high bar. But, believe it or not, given... reply to who is matt econlib