Tag Archives

Archive of posts published in the tag: Don Boudreaux

The Human Chessboard

Adam Smith’s Wealth of Nations with its often misunderstood ‘invisible hand’ was preceded by The Theory of Moral Sentiments, a work many consider more important and should be considered an integral part of Wealth of Nations. This Quotation of the…

Read More

The Great Progressive Fallacy

from Don Boudreaux at Cafe Hayek (highly recommended) , a quote from Robert Higgs: Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium models.  Not only…

Read More

Obscuring Intellectual Failure

Don Boudreaux at Cafe Hayek quotes from Deirdre McCloskey’s outstanding Bourgeois Equality in his Bonus Quotation of the Day: Members of the left clerisy, such as Tony Judt or Paul Krugman or Thomas Piketty, who are quite sure that they…

Read More

Saviors Need Victims

from Don Boudreux at Cafe Hayek  Saviors Need Victims Who Need Saving Saviors need victims who need saving.  And if such victims are not real and readily available, the saviors conjure them up by convincing themselves that this or that…

Read More

Common Economic Fallacies

Don Boudreaux at his excellent Cafe Hayek in his Quotation of the Day, finds an excerpt from Armen Alchian from a textbook, University Economics in 1972. This excerpt points out several economic fallacies, many of which are still common today,…

Read More

Progressivism is Regressive

from Cafe Hayek Quote of the Day Don Boudreaux comments on his excerpt from the excellent book Illiberal Reformers by Thomas Leonard (Don’s comments) Isn’t it, therefore, strange that those politicians, pundits, professors, and preachers who today wish to turn…

Read More

Reading 2016 07 20

The Secret History of the Minimum Wage by Diedre McKloskey at Reason Friedman’s Sampler from the WSJ in 2006 What most people really object to when they object to a free market is that it is so hard for them…

Read More

Best Rebel Yid 2016 – First Six Months

These are some of the best articles that stood out to me so far this year- and a few of mine . America Doesn’t Have a Gun Problem; It Has a Democrat Problem from Sultan Knish Chicago’s murder rate of 15.09…

Read More

The Genius of Spontaneous Orders

Don Boudreaux in his excellent Cafe Hayek quotes from Matt Ridley’s The Evolution of Everything.  I consider this the best new book of the year followed by Yuval Levin’s The Fractured Republic. Ridley compares the spontaneous order of evolution with…

Read More

How to Make a Bad Choice

Don Boudreaux writes Which presidential candidate will do the least harm? in The Triblive. At this moment — my assessment might change tomorrow — I have a slight preference for a Trump victory. The reason is that the same mainstream…

Read More

Immortal Bad Ideas

from Don Boudreaux’s Cafe Hayek’s Quotation of the Day 2/20/16 … is from pages 292-293 of Richard Vedder’s and Lowell Gallaway’s still-relevant and resonant 1993 book, Out of Work: One of the clichés that has emerged from the Keynesian episode is…

Read More

The Constitutional Presumption of Error

Don Boudreaux expands on a quote from Richard Epstein and the core conflict between the Constitution and Progressivism Epstein goes on to show that what he calls “a presumption of error” – that is, a wise presumption that individuals exercising…

Read More

Bi Partisan Simpletons

from Don Boudreaux at Cafe Hayek  The Sorry State of American Politics: I often struggle to find the best excerpt from a post.  I give up here and post the entire content, as brief as it is. Here’s a letter…

Read More

Political Skepticism

From Don Boudreaux at Cafe Hayek, Sometimes There Are No Good Options: Whenever I hear politicians and their deputies discuss the subject that I know best, economics, they typically get it wrong.  And they get it wrong not in minor…

Read More

Irresponsibility

from Cafe Hayek, A Canned Lie: As ‘responsibility’ is commonly understood in modern English, a responsible person is able and willing to respond to the events in question by personally bearing the bulk of the consequences. If Ms. Clinton were really to take responsibility,…

Read More

Don Boudreaux’s Economics Lesson

from Cafe Hayek, First Day of Class by Don Boudreaux: I add here only a summary of my teaching goal: It is to make my students aware that society in general, and the economy in particular, is far more complex than most professors,…

Read More

Addressing Economic Myths

from Cafe Hayek, Teach The Timeless Verities by Don Boudreaux: My goal – by teaching basic, foundational, principles of microeconomics – is to inoculate students against the bulk of the common economic myths that they’ll encounter throughout their lives –…

Read More

The Essence of Capitalism

  From Cafe Hayek, Keynesian Splenetics: Second, Keynes (at least by the time he wrote his General Theory) utterly failed to appreciate the incomprehensibly vast, nuanced, and ever-changing market details each of which must be accounted for and adjusted to in order…

Read More

Making Piketty Irrelevant

From Cafe Hayek, Uber vs Piketty by Don Boudreaux: Thomas Piketty famously argues that owners of capital grab ever-larger shares of wealth, and that the single best ‘solution’ to this alleged problem is a global tax on wealth and high…

Read More

Legislative Moral Hazard

Without debating the substance of the ACA or the arguments used in the King vs Burwell ruling, the Supreme Court functions within a gray area.  On one hand it should not be their purpose to correct or reject bad legislation,…

Read More