asleepjob

How to Fail at Your Job

– July 4, 2019

What lame employees lack is a basic economic understanding of labor, plus a work ethic. Gaining both is not just about the sweat of your brow and saving your soul. It is really about your own individual interest.

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oldcoins

What to Read on Money

– July 1, 2019

As an introduction to the topics that will be dealt with in the AIER Graduate Colloquium, over the next few weeks Joakim Book will summarize the core readings that our students are currently reading to prepare for a good discussion at the event.

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statueofliberty

Free Things and Unfree People

– June 30, 2019

As politicians contemplate (and effectuate) policies moving us away from capitalism towards more socialism, perhaps it’s no surprise that we also see pervasive, unabashed freebie promising.

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dosomething

The Urge to Do Something

– June 19, 2019

There is a problem in public affairs. If there is a state, with the capacity to do good, the temptation to do something is irresistible.

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complexmaze

Uncertainty Index on the Rise

– June 18, 2019

The Trump administration has imposed a rule that two existing regulations must be removed for every new regulation imposed on the economy. Unfortunately, the two-for-one rule does not apply to the trade policies consuming much of the administration’s attention.

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teachingmission

In Defense of the Teaching Mission

– June 16, 2019

Don’t become cynical; embrace the challenge; and as teachers of a subtle scientific discipline it is vital to remember that the students will remember what is emphasized in the class, so emphasize throughout the lectures the enduring principles that are embodied in the economic way of thinking.

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martinfeldstein

Martin Feldstein Is Dead, Long Live His Critique of Social Security

– June 15, 2019

Feldstein taught his students and readers to think about economic policy decisions in rigorous ways, backed by hard numbers.

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hiddencost

The Hidden Costs of a $15 Per Hour Minimum Wage

– June 11, 2019

There are a lot of ways firms and workers can adjust to higher minimum wages without anyone actually losing his or her job.

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blindleadingblind

Beware the Candidate with a Plan

– June 7, 2019

Without realizing it, and as brilliant as they may be, the candidates—like all of us—are still profoundly ignorant.

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passengers

Democracy and the Toxic Metastasizing of a Sound Idea

– June 4, 2019

Because the American government is democratically elected, there’s a widespread presumption that the actions of this government are, as a rule, the best ones possible. Yet this presumption is mistaken.

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wineselection

What Preferences Do You Want?

– June 4, 2019

What preferences do you want? In traditional neoclassical economics, that’s a nonsense question, because preferences are taken as idiosyncratic, fixed, and exogenous. Of course, that’s only a modeling assumption; no one really claims that’s descriptively accurate.

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hikerm

Should Hikers Pay for Their Own Rescue?

– May 28, 2019

The danger that individuals often put themselves in comes at a public cost.

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