Publication: EconLog

First reported 5 hours ago - Updated 5 hours ago - 1 reports

Try Harder or Do Something Easier?, by Bryan Caplan

A friend tells you, "I'm thinking of starting a restaurant.  Advise me."  You know that about 60% of new restaurants fail in their first three years - and have no reason to think that your friend would be anything other than average.  How should your ... [Published EconLog - 5 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Smoking, Social Desirability Bias, and Dark Matter, by Bryan Caplan

At the IEA blog, Kristian Niemietz points out that expenditure surveys fail to detect most of the tobacco sales visible in national product accounts .  For most goods, the two show broadly the same pattern: with smallerrors, what people profess to buy ... [Published EconLog - 17 hours ago]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Civil Disobedience: King versus Huemer, by Bryan Caplan

Martin Luther King's " Letter from a Birmingham Jail " defends an odd position: You may morally break an unjust law IF you make no effort to evade the legal punishment for the unjust law you break.In no sense do Iadvocateevading or defying the law, as ... [Published EconLog - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Germany's mysterious recovery, by Scott Sumner

In the past 10 years Germany as gone from being the "sick man of Europe" to the star of the eurozone. This partly reflects the strong job creation that preceded the recession, perhaps due to the labor market reforms of 2003. However the post-2007 performance ... [Published EconLog - Apr 14 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

Ramblings on Piketty, by Alberto Mingardi

I've finally received my copy of Capital in the Twenty-First Century , Thomas Piketty's magnum opus that has already risen to the status of a cult book for the political left. It is a good rule never to comment on a book you haven't read cover to cover. ... [Published EconLog - Apr 14 2014]
First reported Apr 14 2014 - Updated Apr 14 2014 - 1 reports

My San Francisco Fed Talk, by David Henderson

Last Wednesday I gave a talk at the San Francisco Federal Reserve Bank. The event was the "2014 Conference of Twelfth District Directors." I was one of three presenters. See here for the other two. The session was on "Bubbles" and my talk was titled ... [Published EconLog - Apr 14 2014]
First reported Apr 13 2014 - Updated Apr 13 2014 - 1 reports

Divorce and Motivated Reasoning in the WaPo, by Bryan Caplan

In The Economic Naturalist , Robert Frank remarks: Psychologist Tom Gilovich has suggested that someone who wants to accept a hypothesis tends to ask, "Can I believe it?"  In contrast, someone who wants to reject ittends to ask, "Must I believe it?" ... [Published EconLog - Apr 13 2014]
First reported Apr 13 2014 - Updated Apr 13 2014 - 1 reports

Longer Pub Hours, Fewer Car Accidents in England and Wales, by James Schneider

In recent history, the UK has liberalized its rules concerning the hours that pubs can operate. For example, the Licensing Act of 1988 implemented the following changes: pubs could remain open until 11 pm instead of closing at 9:30 pm, the restrictive ... [Published EconLog - Apr 13 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Robert Reich on the Minimum Wage: How Would He Draw the Demand and Supply Curves?, by David Henderson

Donald Boudreaux takes on one of Robert Reich's recent arguments for the minimum wage. Reich writes: A $15/hour minimum is unlikely to result in higher prices because most businesses directly affected by it are in intense competition for consumers, ... [Published EconLog - Apr 11 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Kids and Happiness: The State of the Art, by Bryan Caplan

Nelson, Kushlev, and Lyubomirsky 's " The Pains and Pleasures of Parenting: When, Why, and How Is Parenthood Associated With More or Less Well-Being? " (forthcoming in the Psychological Bulletin ) is a great survey of research on parenthood and happiness ... [Published EconLog - Apr 11 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Maximizing Short-Run Profits, by David Henderson

I was one of three speakers on a panel at the San Francisco Federal Reserve Bank on Wednesday. The other two speakers were Kevin Lansing of the SF Fed and Atif Mian of Princeton University. The event went well and I'll have a few posts on it in ... [Published EconLog - Apr 11 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Inequality among doctors, by Scott Sumner

The following graph perked my interest: I notice that the inequality of Medicare payments mirrors the overall income inequality in American society. (Which is ironic as Medicare is a socialist program beloved by pundits like Paul Krugman.) I don't ... [Published EconLog - Apr 11 2014]

Quotes

(*) Piketty asks "how would one arrange the division between capital and labor" in "an ideal society" (emphasis added). He maintains that "political economy ought to study scientifically, or, at any rate rationally, systematically, and methodically, the ideal role of the state in the economic and social organization of a country" (emphasis added). He seems to believe this to be a rather uncontroversial statement. Is it really?
...industry?" I reminded the audience of Ben Bernanke's famous confession to Milton Friedman and Anna J Schwartz at Milton's 90th birthday party: "I would like to stay to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again." That was an expensive way to learn the lesson, I pointed out, and moreover, under the Fed, the dollar has lost over 95 percent of its value
periods and mandatory classes "add a new frustration to already"
...Famously, MP Jane Griffiths is quoted claiming that "The effect of compulsory closure has been for people to drink 'against the clock', with whole generations of young people learning to drink as much as possible in a short space of time ..., Most of these young people are drunker than they would be if they drank at their own pace..."

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sort by: Date | Relevance
Try Harder or Do Something Easier?, by Bryan Ca... [Published EconLog - 5 hours ago]
Smoking, Social Desirability Bias, and Dark Mat... [Published EconLog - 17 hours ago]
Civil Disobedience: King versus Huemer, by Brya... [Published EconLog - Apr 15 2014]
Germany's mysterious recovery, by Scott Sumner [Published EconLog - Apr 14 2014]
Ramblings on Piketty, by Alberto Mingardi [Published EconLog - Apr 14 2014]
My San Francisco Fed Talk, by David Henderson [Published EconLog - Apr 14 2014]
Divorce and Motivated Reasoning in the WaPo, by... [Published EconLog - Apr 13 2014]
Longer Pub Hours, Fewer Car Accidents in Englan... [Published EconLog - Apr 13 2014]
Robert Reich on the Minimum Wage: How Would He ... [Published EconLog - Apr 11 2014]
Kids and Happiness: The State of the Art, by Br... [Published EconLog - Apr 11 2014]
Maximizing Short-Run Profits, by David Henderson [Published EconLog - Apr 11 2014]
Inequality among doctors, by Scott Sumner [Published EconLog - Apr 11 2014]
Crude Self-Interest: Why Kids Go to College, by... [Published EconLog - Apr 10 2014]
The Moral Vision of a Blind Economist, by David... [Published EconLog - Apr 10 2014]
Simon Kuznets: An Appreciation, by David Henderson [Published EconLog - Apr 09 2014]
The Impolitic Wisdom of Simon Kuznets, by Bryan... [Published EconLog - Apr 09 2014]
Reason's Home Run on Immigration, by David Hend... [Published EconLog - Apr 08 2014]
The Righteous Scofflaw, by Bryan Caplan [Published EconLog - Apr 08 2014]
Is Venice going to secede?, by Alberto Mingardi [Published EconLog - Apr 08 2014]
Robert Bradley on Enron, by David Henderson [Published EconLog - Apr 07 2014]
Freakonomics Discovers Alchian's and Allen's "O... [Published EconLog - Apr 07 2014]
Never reason from an inflation rate change, by ... [Published EconLog - Apr 07 2014]
Not Just Horsepower but Power without Horses, b... [Published EconLog - Apr 07 2014]
The Ghetto of Talent, by Bryan Caplan [Published EconLog - Apr 07 2014]
The (Metaphorical) Bet: Paul Ehrlich versus Nor... [Published EconLog - Apr 06 2014]
What we are up against, by Scott Sumner [Published EconLog - Apr 05 2014]
I've Changed My Mind, Part 2, by David Henderson [Published EconLog - Apr 04 2014]
Water Runs Downhill, and School Is Boring, by B... [Published EconLog - Apr 04 2014]
What's a Doctor to Do?, by David Henderson [Published EconLog - Apr 03 2014]
Is Welfare a Band-Aid for Nominal Wage Rigidity... [Published EconLog - Apr 03 2014]
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sort by: Date | Relevance
Try Harder or Do Something Easier?, by Bryan Ca... [Published EconLog - 5 hours ago]
A friend tells you, "I'm thinking of starting a restaurant.  Advise me."  You know that about 60% of new restaurants fail in their first three years - and have no reason to think that your friend would be anything other than average.  How should your ...
Smoking, Social Desirability Bias, and Dark Mat... [Published EconLog - 17 hours ago]
At the IEA blog, Kristian Niemietz points out that expenditure surveys fail to detect most of the tobacco sales visible in national product accounts .  For most goods, the two show broadly the same pattern: with smallerrors, what people profess to buy ...
Civil Disobedience: King versus Huemer, by Brya... [Published EconLog - Apr 15 2014]
Martin Luther King's " Letter from a Birmingham Jail " defends an odd position: You may morally break an unjust law IF you make no effort to evade the legal punishment for the unjust law you break.In no sense do Iadvocateevading or defying the law, as ...
Germany's mysterious recovery, by Scott Sumner [Published EconLog - Apr 14 2014]
In the past 10 years Germany as gone from being the "sick man of Europe" to the star of the eurozone. This partly reflects the strong job creation that preceded the recession, perhaps due to the labor market reforms of 2003. However the post-2007 performance ...
Ramblings on Piketty, by Alberto Mingardi [Published EconLog - Apr 14 2014]
I've finally received my copy of Capital in the Twenty-First Century , Thomas Piketty's magnum opus that has already risen to the status of a cult book for the political left. It is a good rule never to comment on a book you haven't read cover to cover. ...
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