Public Choice Theory

from The Library of Economics and Liberty, How We Failed Our Economics Students and Caused Low Government Approval Ratings by Russell S. Sobel: These shortcomings happen when individuals in the public sector (voters, bureaucrats, legislators, government employees,...

A Dangerous Moment in History

from Kevin Williamson at National Review, From Americans to Americans  This is a dangerous moment in our history, about which we ought to be honest. President Donald Trump is an irresponsible demagogue who ought never have been elected to the office he holds — but he...

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 themselves are taking the...

‘Other Stuff’

from Cafe Hayek, Krugman and Other Stuff by Russ Roberts. When it’s convenient, Krugman ignores the “other stuff.” (We all do.) So according to Krugman, the economy of Kansas is struggling because the governor cut taxes. One variable explains everything. We can ignore...