book

The Essential Joseph Schumpeter: An Easy and Accessible Introduction to an Important and Complex Thinker

– July 14, 2020

“Joseph Alois Schumpeter made enduring and important contributions that have stood and will continue to stand the test of time. The Essential Schumpeter is a useful introduction to the man and his ideas, and both the text and the accompanying videos will serve students, instructors, and interested lay people very well.” ~ Art Carden

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brain computer

What Economists Can Teach Epidemiologists

– July 11, 2020

“Hysterical, wildly off-the-mark forecasts about COVID-19 will ultimately cause more harm than good, and find their origins in the same set of snags which regularly trip up econometric forecasts. In the epidemiological version, instead of predicting a new Great Depression, they brought an artificial depression, a growing spate of coercive masking initiatives, school closures, and the lockdowns — which quite possibly filled the powderkeg that was ignited by the killing of George Floyd.” ~ Peter C. Earle

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elephant

One Size Never Fits All

– July 10, 2020

“One-size-fits-all solutions in our political discourse are often made to work for every topic globally. Reality is not like that, as both economic and ecologic matters frequently assert.” ~ Joakim Book

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The Economy after COVID-19

– July 7, 2020

“One thing is certain: life in America is not going to be the same after COVID-19. Like the Great Depression and World War II, the pandemic will exert an impact for years, perhaps even decades, on the nation’s economic and political fortunes.” ~ James D. Gwartney

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market, people

Strata of the Unseen

– July 6, 2020

“When an economist reminds you to pay attention to what is unseen, he or she counsels you to humbly understand that a modern market economy is far too complex and inescapably reliant upon trial-and-error experimentation to enable the interventionist schemes that are forever being proposed to succeed.” ~ Donald J. Boudreaux

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Robert William Fogel (1926-2013): A Birthday Appreciation

– July 1, 2020

His students report that Fogel had a dictum: If it’s worth doing, it’s worth spending ten years of your life doing it right. Fogel was a master at finding the right questions, finding the right methods and data to answer them, and–importantly–putting in the work to ensure that in the long run, we get things right.” ~ Art Carden

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New York City, Sunrise

The Office Will Come Back

– June 29, 2020

“It’s so easy amid political panic for the all-knowing to contend that “this time is different.” Not really. Some things never change. One thing that won’t is the value gained by people working alongside one another.” ~ John Tamny

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capitol hill

Surrounded by Government Failure, Why Do People Still Believe?

– June 27, 2020

“We should continue fighting the battle of ideas because when we are deep into the mess that both parties, and their underlying ideologies, are creating, some people will look for answers and for solutions outside the state.” ~ Veronique de Rugy

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outdoor market, croatia

Puzzles about Trade that Make Me Wonder

– June 23, 2020

“What would be the public reaction if the headlines daily announced, say, the number of people who died within the past 24 hours from some virus other than COVID, and reported these daily deaths with vivid bar charts? How would the public react to increased testing of some virus other than COVID and to breathless reports of rising numbers of people testing positive for this other virus?” ~ Donald J. Boudreaux

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jets, planes

The ExIm Bank is Still the Bank of Boeing

– June 22, 2020

“The bank has a long track record of serving mostly large foreign and domestic airlines in higher income nations, and distorting capital markets to fund projects that would likely be funded otherwise. It’s called cronyism.” ~ Veronique de Rugy

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soldiers, marching

The Dangers of National Service

– June 20, 2020

“There is no acting entity called “the nation” to be served. The reality: what is called national service means doing the bidding of the particular politicians and bureaucrats who hold the reins, issue the orders and reap whatever sadistic satisfaction they gain from so doing.” ~ Warren Gibson

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chess board

Managing the Chessboard of Human Society: Lessons from the Online Chessboard

– June 19, 2020

” It seems reasonable that we will never actually master every possible detail of chess, Monopoly, and other games. If games that happen within very well-defined spaces according to very well-defined rules present such insurmountable difficulties, I’m definitely skeptical of the notion that we can design and control a great society.” ~ Art Carden

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