How Salesmen Improve Our World
The salesman is the empathetic agent of change that helps us overcome our psychological reticence to part with our property in order to gain something that will genuinely improve our subjective well-being.
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Are Economists Basically Immoral?
Heyne’s message to ethicists and religious leaders is that their pronouncements on economic policy necessarily have to take economic theory and evidence seriously.
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The Solution to Blackouts and Wildfires in California
It is time to liberate electric utility customers and bring innovation back to the once innovative electric utility industry that was pioneered by great inventors and businessmen such as Thomas Edison, Nikola Tesla, and George Westinghouse.
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My Busted iPhone Did Not Help the Economy
This thinking — or more accurately, this unthinking — pervades the popular understanding of natural disasters, wars, taxes, stadium subsidies, arts subsidies, and all sorts of other things that amount at best to a mere redirection of resources.
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The Three Biggest Myths about Political Economy
Although such myths will never be completely slain, their baneful impacts can be reduced by sound and unrelenting economic education and public commentary.
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The Limits to Hostile Takeovers
Capitalism, especially seen as a system conducive to hostile takeovers, does not need saving.
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Go-Big Economics and Go-Small Economics
Strong and rigorous empirical methodologies are desirable. This year’s laureates make this abundantly clear. The next step is to apply them to the biggest and broadest questions possible.
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The NBA’s China Problem Due to Political Control Over Markets
There is one important difference in the words and actions of Donald Trump and those of President Xi Jinping and his government in China: Donald cannot command that all companies doing business with the NFL.
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Why Women Workers Might Be Less Willing to Delegate
People love demographic generalization of the workplace because they simplify what is actually incomprehensibly complex. So the newest study of professional women was destined to go viral: “Women Are Less Likely to Delegate Than Men—and That Might Hurt …
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Presidential Harassment Is a Public Good
Unrelenting scrutiny of any politician is an indisputable public good.
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Yield Curve Inversions Don’t Improve Investment Outcomes
In light of the yield curve signal’s inability to overperform, it seems that for most investors the takeaway is that yield curve inversions are mostly noise. Ignore them and stick to your strategy.
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A Case Against Alarmism
As always, both sides need to relax. People are wise. They get it.
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