DOCSLIB.ORG

Comment on the Commentary of the Day by Donald J. Boudreaux Chairman, Department of Economics George Mason University [email protected]

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Comment on the Commentary of the Day by Donald J. Boudreaux Chairman, Department of Economics George Mason University Dboudrea@Gmu.Edu Comment on the Commentary of the Day by Donald J. Boudreaux Chairman, Department of Economics George Mason University [email protected] http://www.cafehayek.com Disclaimer: The following “Letters to the Editor” were sent to the respective publications on the dates indicated. Some were printed but many were not. The original articles that are being commented on may or may not be available on the internet and may require registration or subscription to access if they are. Some of the original articles are syndicated and therefore may have appeared in other publications also. 25 January 2009 government spending as it 25 January 2009 is from ham sandwiches. News Editor, WTOP Radio Editor, Baltimore Sun Washington, DC Dear Editor: Dear Sir or Madam: Dan Rodricks wants You report today that "national service," and he "President Barack believes that the nation's Obama's ban on earmarks current infatuation with in the $825 billion Barack Obama provides an economic stimulus bill ideal opportunity to doesn't mean interest implement it ("Americans groups, lobbyists and poised to heed Obama's lawmakers won't be able to call to service," January funnel money to pet 25). projects. They're just working around it." Put aside the mistaken premise that each of us This news is as surprising "serves" only when working as January snow in in government programs, Buffalo. As my colleague and ask: how will Uncle Russ Roberts points out, Sam know how best to use pork is as inseparable from all the conscripted labor at his disposal? And what 200 Liberty Street producers to form earthly reason is there to New York, NY 10281 themselves into special- suppose he will deploy interest groups. These such labor according to To the Editor: interest groups divert the reasonably objective time and resources that criteria rather than The headline of your report they, as producers, would according to political fads, on Mayor Lawrence have spent doing socially partisan emotions, and Morrissey of Rockford, IL, productive things - such as interest-group influences? spending time in administering cities Washington begging pooh- efficiently - into lobbying for Sadly, Mr. Rodricks utterly bahs there for money government favors. ignores questions such as speaks volumes: "Wish List Successful rent-seekers these. His essay is in Hand, Mayor Travels to benefit, but the diversion of evidence of the truth of Washington and Finds resources from productive what Thomas Sowell He’s Not Alone" (January uses into pleading and observes in his column 24). pandering at the feet of appearing in today's politicians makes society Washington Times: Mayor Morrissey's use of poorer. "politics is about evoking his time seeking emotions, not examining government handouts is an 23 January 2009 specifics." ideal, if unintentional, tribute to a great son of Editor, Washington Times 24 January 2009 Rockford, the economist Gordon Tullock. Forty-two Dear Editor: Friends, years ago, in one of the most important papers Re your headline "Top My colleague and co- published in economics bailout recipients also blogger Russ Roberts here during the 20th century, major lobbyists" (Jan. 23): visits fantasy island -- in Tullock identified the While I appreciate the the form of fantasizing, in phenomenon of "rent- appropriateness of this an article at Forbes.com, of seeking." [Gordon Tullock, headline, it's discouraging a speech that an illusionary "The Welfare Costs of to realize that such a fact is president Obama might Tariffs, Monopolies and newsworthy. deliver: Theft," Western Economics http://www.forbes.com/200 Journal, Vol. 5, 1967, pp. If people were as 9/01/23/taxes-obama- 224-232] Rent-seekers credulous about non- recovery-oped- generate huge amounts of politicians as they are cx_rr_0123roberts.html waste by using resources about politicians, we'd to plead for handouts. It's routinely read headlines Too bad Russ's fine not so much the actual such as "Thief Steals fantasy isn't our reality. transfers from taxpayers to Money to Benefit Himself!" successful supplicants that or "Teenage Boys Buy 24 January 2009 are wasteful, Tullock 'Playboy' for the Pictures, showed, but the fact that Not the Articles" or "Italian Editor, The Wall Street the prospects of receiving Supermodel Marries 98- Journal these transfers prompt year-old Billionaire Only for And he threatens to act whatever insurance His Money!" "aggressively" to stop this premiums Metro pays. But alleged wrongdoing. if this outcome were 23 January 2009 certain, each and every Overlook the reality that private insurance company Friends, the only way Beijing can would be jumping at the push the price of the yuan opportunity to insure Metro. Here's an insightful op-ed lower is through inflation or The fact that government from a GMU PhD other policies that make feels obliged to serve as candidate from Ecuador, China an unattractive place Metro's insurer strongly Pedro Romero. It reveals to invest. Instead ask: why suggests that the expected not only Pedro's natural should the Obama value of Metro's future good sense and talents, administration be so upset claims on its policy exceed but -- if I dare say so -- the by Beijing pumping easy the value of the premiums excellent training that he's credit into markets at a it will pay to Uncle Sam. receiving in GMU's time when this same Taxpayers will be on the Department of Economics: administration is deeply hook for the difference. http://www.latinbusinesschr worried that credit has onicle.com/app/article.aspx become too tight? 22 January 2009 ?id=3096 22 January 2009 Friends, 23 January 2009 Editor, WTOP Radio Russ Roberts, My GMU Editor, Washington Post Washington, DC colleague and co-blogger 1150 15th St., NW at Cafe Hayek, was Washington, DC 20071 Dear Editor: interviewed yesterday on NPR's All Things Dear Editor: Interviewed this morning in Considered. Russ shares your report on how Uncle the spotlight with Paul Treasury Secretary Sam will assume many of Krugman in this seven- nominee Timothy Geithner the insurance obligations and-a-half-minute interview sides with those who for the Metro transit on Obama's plan for worry, as you put it, that system, Rep. Jim Moran "stimulating" the economy: "Beijing has kept its asserted that this http://www.npr.org/templat currency artificially low to assumption of obligations es/story/story.php?storyId= keep the prices of its goods will "cost taxpayers 99679106 cheap and generate trade nothing." surpluses. That has led to Do listen. a global capital imbalance, How absurd. Government as American consumers provision of insurance to 22 January 2009 borrowed and spent and Metro would cost taxpayers China became the United nothing only if it were Friends, States' largest foreign certain that whatever creditor" ("Geithner Says insurance claims Metro You can find here my GMU China Manipulates Its files in the future will be and Mercatus Center Currency," January 23). lower in value than colleague Tyler Cowen's discussion, with Tom herded, harassed and international capital flows Keene and Ken Prewitt of otherwise ruled in whatever would now lose those Bloomberg, of Obama's ways work." special classifications - just economic ideas; you might as purchases, sales, and have to scroll down a bit to And these soaring words investments between, say, find it: would have been part of Nevada and Utah are http://www.bloomberg.com/ the Declaration of adorned with no special tvradio/podcast/surveillanc Dependence. classifications. And yet, e.html surely no recession can be 21 January 2009 cured merely by Tyler, by the way, blogs at reclassifying economic the justly world-famous Editor, The Wall Street transactions. blog Marginal Revolution: Journal http://www.marginalrevoluti 200 Liberty Street But just as no such on.com/ New York, NY 10281 reclassification can cure a recession, no recession 22 January 2009 To the Editor: can be caused by the initial classification of economic Editor, Washington Post Alberto Alesina and Luigi transactions. Whatever 1150 15th St., NW Zingales say that "this foolish monetary policies Washington, DC 20071 recession is unusual is that might spark bad it was caused in large part investments, whatever Dear Editor: by a significant current- irrational bubble-izing account imbalance due to behaviors might move the President Obama's the low savings rate of market, or whatever inaugural declaration that Americans (families and unwise regulations (or lack "The question we ask government)" ("Let's of regulations) might today is not whether our Stimulate Private Risk encourage unsustainable government is too big or Taking," January 21). Not investments, it is REAL too small, but whether it so. A current-account factors such as these that works" is further evidence imbalance might reflect bear the blame for market that the wisdom and values conditions that portend unrest and not the arbitrary that animated America's recession, but it cannot measurement called the founding generations are cause a recession. "current-account lost. imbalance." To see why, suppose that If Thomas Jefferson Uncle Sam declares thought as Mr. Obama Canada, Europe, China, does, he would have and Japan to be parts of written in 1776: "We hold the United States. With no these truths to be self- further changes, most of evident, that all men are the U.S. current-account endowed by their deficit would immediately government with the disappear. Much of what unalienable right to be were formerly classified as taxed, regulated, scolded, imports, exports, and 20 January 2009 20 January 2009
Load more

Recommended publications
  • The Mont Pelerin Society
    A SPECIAL MEETING THE MONT PELERIN SOCIETY JANUARY 15–17, 2020 FROM THE PAST TO THE FUTURE: IDEAS AND ACTIONS FOR A FREE SOCIETY CHAPTER THIRTY-FOUR MAKING THE CASE FOR LIBERTY RUSSELL ROBERTS HOOVER INSTITUTION • STANFORD UNIVERSITY 1 1 MAKING THE CASE FOR LIBERTY Prepared for the January 2020 Mont Pelerin Society Meeting Hoover Institution, Stanford University Russ Roberts John and Jean De Nault Research Fellow Hoover Institution Stanford University [email protected] 1 2 According to many economists and pundits, we are living under the dominion of Milton Friedman’s free market, neoliberal worldview. Such is the claim of the recent book, The Economists’ Hour by Binyamin Applebaum. He blames the policy prescriptions of free- market economists for slower growth, inequality, and declining life expectancy. The most important figure in this seemingly disastrous intellectual revolution? “Milton Friedman, an elfin libertarian…Friedman offered an appealingly simple answer for the nation’s problems: Government should get out of the way.” A similar judgment is delivered in a recent article in the Boston Review by Suresh Naidu, Dani Rodrik, and Gabriel Zucman: Leading economists such as Friedrich Hayek and Milton Friedman were among the founders of the Mont Pelerin Society, the influential group of intellectuals whose advocacy of markets and hostility to government intervention proved highly effective in reshaping the policy landscape after 1980. Deregulation, financialization, dismantling of the welfare state, deinstitutionalization of labor markets, reduction in corporate and progressive taxation, and the pursuit of hyper-globalization—the culprits behind rising inequalities—all seem to be rooted in conventional economic doctrines.
    [Show full text]
  • Inspired Comment on the Commentary of The
    Comment on the Commentary of the Day by Donald J. Boudreaux Chairman, Department of Economics George Mason University [email protected] http://www.cafehayek.com Disclaimer: The following “Letters to the Editor” were sent to the respective publications on the dates indicated. Some were printed but many were not. The original articles that are being commented on may or may not be available on the internet and may require registration or subscription to access if they are. Some of the original articles are syndicated and therefore may have appeared in other publications also. 20 February 2011 "correspondent Louise centralized state – that Mr. Hidalgo in Kazakhstan Ehrlich advises we must Editor, Los Angeles Times says that the most amazing submit to if we are to be thing about the disaster is saved from genuine eco- Dear Editor: that it is no accident. 'The disasters. Soviet planners who fatally Three different readers tapped the rivers, which 19 February 2011 write today in praise of fed the seas to irrigate Paul Ehrlich and his central Asia's vast cotton Friends, predictions of eco- fields, expected it dry up. mageddon (Letters, Feb. They either did not realise I just discovered this hour- 20). Such praise is odd, the consequences the plus long video of a talk on given that not one of the Aral's disappearance would immigration that my brilliant many catastrophes that Mr. bring or they simply did not young colleague Bryan Ehrlich has predicted over care.'" Caplan delivered, here on the past 43 years has [http://news.bbc.co.uk/2/hi/ GMU's Fairfax campus, occurred.
    [Show full text]
  • Exploring Inequality
    SMU McLane/Armentrout/Bridwell Scholars Reading Groups Fall 2020 Syllabus Exploring Inequality Tues./Wed.: Dean Stansel, Ph.D., Senior Research Fellow [email protected], office: 214-768-3492 Mon./Fri.: Meg Tuszynski, Ph.D., Research Fellow & Assistant Director [email protected], office: 214-768-3170 O’Neil Center for Global Markets & Freedom (www.oneilcenter.org) Cox School of Business, Crow 282 Meeting Times. Our meetings will be held on Mondays (Bridwell), Tuesdays (McLane), and Wednesdays (Armentrout) at 6-7 pm (Central time), and Fridays (Armentrout) at 11am-noon (Central time) online via Zoom. All four groups have the same readings. Attendance is required. Your attendance and active participation are required. We will have 10 regular meetings plus a joint reading group summit with the students from similar reading groups at Baylor, Texas Tech, Angelo State, and University of Central Arkansas. That event will be held online via Zoom on the morning of Sat. Oct. 17 and is a required part of the program. You will not be paid the $1000 stipend if you do not attend. You are required to attend all 10 weekly meetings. However, if you have an unavoidable conflict, we do have limited flexibility, with advance notice, for you to switch nights if you cannot attend on your regular reading group night (i.e., if you can’t make one of your regular Monday night meetings, you can instead attend on Tuesday, Wednesday, or Friday that week and vice-versa). In addition, the O’Neil Center hosts several guest speakers throughout the semester. Those will all be online this semester.
    [Show full text]
  • Comment on the Commentary of the Day by Donald J
    Comment on the Commentary of the Day by Donald J. Boudreaux Chairman, Department of Economics George Mason University [email protected] http://www.cafehayek.com Disclaimer: The following “Letters to the Editor” were sent to the respective publications on the dates indicated. Some were printed but many were not. The original articles that are being commented on may or may not be available on the internet and may require registration or subscription to access if they are. Some of the original articles are syndicated and therefore may have appeared in other publications also. 5 October 2008 insist that FDR's policies policies "ravaged the cured the economy's ills. requisite confidence." Editor, Washington Post The truth is, as economist [Robert Higgs, 1150 15th St., NW Peter Fearon wrote in "Depression, War, and Washington, DC 20071 1987, that "Perhaps the Cold War" (New York: New Deal's greatest failure Oxford University Press, Dear Editor: lay in its inability to 2006), p. 8] generate the revival in Rep. Rahm Emanuel says private investment that that "FDR inherited a would have led to greater depression and gave output and more jobs." America the greatest [Peter Fearon, "War, expansion of the middle Prosperity and Depression: class it has ever known" The U.S. Economy 1917- (Letters, October 5). This 45" (Lawrence, KS: claim is patently false. University Press of Kansas, 1987), p. 208] Even persons with even Economist Robert Higgs just a passing knowledge adds that "The willingness of history know that the of business people to American economy was in invest requires a depression for all of the sufficiently healthy state of 1930s.
    [Show full text]
  • Download Issue (PDF)
    VOLUME 61, NO 10 DECEMBER 2011 Features 8 Unemployment: What’s To Be Done? by Warren C. Gibson 11 Scientism and the Great Power Nexus by Max Borders 17 A Return to Gold? by John A.Allison and John L. Chapman 22 The Family Stone: Cavemen, Trade, and Comparative Advantage by Richard W.Fulmer 27 The Twisted Tree of Progressivism by Joseph R. Stromberg 34 Money Is Not Speech by Michael Cummins 36 The Age of the Busybody by Ridgway Knight Foley, Jr. Page 17 Columns 2 Perspective ~ Elizabeth Warren’s Non Sequitur by Sheldon Richman 4 Ideas and Consequences ~ Wanted:A Healthy Dose of Humility by Lawrence W.Reed 6 Keynesianism Doesn’t Mean Bigger Government? It Just Ain’t So! by Steven Horwitz 15 Our Economic Past ~ The First Government Bailouts: The Story of the RFC by Burton Folsom, Jr. 25 Peripatetics ~ Social Cooperation, Part 2 by Sheldon Richman 32 The Therapeutic State ~ Imprisoning Innocents by Thomas Szasz 40 Give Me a Break! ~ Ten Years After by John Stossel Page 25 47 The Pursuit of Happiness ~ Population Control Nonsense by Walter E.Williams Book Reviews 42 Pearl Harbor: The Seeds and Fruits of Infamy by Percy L. Greaves, Jr., edited by Bettina Bien Greaves Reviewed by Jim Powell 43 Crisis Economics: A Crash Course in the Future of Finance by Nouriel Roubini and Stephen Mihm Reviewed by George Selgin 44 Back on the Road to Serfdom: The Resurgence of Statism edited by Thomas E.Woods, Jr. Reviewed by George Leef 45 The Pursuit of Justice: Law and Economics of Legal Institutions edited by Edward J.
    [Show full text]
  • Holly Martins and the Impartial Spectator: the Economics of the Third Man Alexander W
    James Madison University JMU Scholarly Commons Proceedings of the Seventh Annual MadRush MAD-RUSH Undergraduate Research Conference Conference: Best Papers, Spring 2016 Holly Martins and the Impartial Spectator: The Economics of The Third Man Alexander W. Pickens James Madison University Follow this and additional works at: http://commons.lib.jmu.edu/madrush Part of the Economic History Commons, Economic Theory Commons, and the Other Film and Media Studies Commons Alexander W. Pickens, "Holly Martins and the Impartial Spectator: The cE onomics of The Third Man" (March 28, 2016). MAD-RUSH Undergraduate Research Conference. Paper 1. http://commons.lib.jmu.edu/madrush/2016/EconomicsOfTheEveryday/1 This Event is brought to you for free and open access by the Conference Proceedings at JMU Scholarly Commons. It has been accepted for inclusion in MAD-RUSH Undergraduate Research Conference by an authorized administrator of JMU Scholarly Commons. For more information, please contact [email protected]. 1 ALEX PICKENS ENG385: Film Noir Paper Three Professor Brooks Hefner Holly Martins and the Impartial Spectator: The Economics of The Third Man The particular malaise that distinguishes film noir as a stylistic articulation makes it unusually mobile in its content. From critiques of gender roles to expressions of societal dysfunction, this ambiguity is inherently fitting for the visuals that have defined it; it would make sense then that one of the most ambiguous areas of study that affects every aspect of society, economics, would produce one of the greatest films in noir: The Third Man. Much talked about for its take on national identity, occupation, post-war depression, and even language, critics have largely overlooked the film’s primary purpose of dwelling on the problematic nature of economic theory such as market structures and allocation of goods.
    [Show full text]
  • Kelly on the Future, Productivity, and the Quality of Life
    ECONTALK PERMANENT LINK | JANUARY 21, 2013 Printable format for http://www.econtalk.org/archives/2013/01/kelly_on_the_fu.html Kelly on the Future, Productivity, and the Quality FAQ: Print Hints of Life EconTalk Episode with Kevin Kelly Hosted by Russ Roberts Kevin Kelly talks with EconTalk host Russ Roberts about measuring productivity in the internet age and recent claims that the U.S. economy has entered a prolonged period of stagnation. Then the conversation turns to the potential of robots to change the quality of our daily lives. Play Time: 58:34 How do I listen to a podcast? Download Size: 26.9 MB Right­click or Option­click, and select "Save Link/Target As MP3. Readings and Links related to this podcast Podcast Readings HIDE READINGS About this week's guest: Kevin Kelly's Home page About ideas and people mentioned in this podcast: Books: What Technology Wants, by Kevin Kelly at Amazon.com. Articles: "The Post­Productive Economy," by Kevin Kelly at the Technium, January 1, 2013. "Better Than Human: Why Robots Will­­and Must­­Take Our Jobs," by Kevin Kelly at Wired.com, December 24, 2012. "Is US Economic Growth Over?" by Robert Gordon, Working Paper 18315, NBER, August 2012. Productivity, by Alexander J. Field. Concise Encyclopedia of Economics. Standards of Living and Modern Economic Growth, by John V. C. Nye. Concise Encyclopedia of Economics. Internet, by Stan Liebowitz. Concise Encyclopedia of Economics. Robert Solow. Biography. Concise Encyclopedia of Economics. Thomas Robert Malthus. Biography. Concise Encyclopedia of Economics. Web Pages: Web page for The Squandered Computer, by Paul Strassmann.
    [Show full text]
  • APPLIED MAINLINE ECONOMICS ADVANCED STUDIES in PO LITI CAL ECONOMY Series Editors: Virgil Henry Storr and Stefanie Haefele- Balch
    APPLIED MAINLINE ECONOMICS ADVANCED STUDIES IN PO LITI CAL ECONOMY Series Editors: Virgil Henry Storr and Stefanie Haefele- Balch The Advanced Studies in Po liti cal Economy series consists of repub- lished as well as newly commissioned work that seeks to understand the under pinnings of a free society through the foundations of the Austrian, Virginia, and Bloomington schools of po liti cal economy. Through this series, the Mercatus Center at George Mason University aims to further the exploration and discussion of the dynamics of so cial change by making this research available to students and scholars. Nona Martin Storr, Emily Chamlee- Wright, and Virgil Henry Storr, How We Came Back: Voices from Post- Katrina New Orleans Don Lavoie, Rivalry and Central Planning: The Socialist Calculation Debate Reconsidered Don Lavoie, National Economic Planning: What Is Left? Peter J. Boettke, Stefanie Haefele- Balch, and Virgil Henry Storr, eds., Mainline Economics: Six Nobel Lectures in the Tradition of Adam Smith Matthew D. Mitchell and Peter J. Boettke, Applied Mainline Economics: Bridging the Gap between Theory and Public Policy APPLIED MAINLINE ECONOMICS Bridging the Gap between Theory and Public Policy MATTHEW D. MITCHELL AND PETER J. BOETTKE Arlington, Virginia ABOUT THE MERCATUS CENTER The Mercatus Center at George Mason University is the world’s premier university source for market- oriented ideas— bridging the gap between academic ideas and real- world prob lems. A university- based research center, Mercatus advances knowledge about how markets work to improve people’s lives by training grad u ate students, conducting research, and applying economics to ofer solutions to society’s most pressing prob lems.
    [Show full text]
  • The Role of Government in a Free Society
    SMU McLane/Armentrout Scholars Reading Groups Fall 2018 Syllabus The Role of Government in a Free Society Dean Stansel, Ph.D., Research Associate Professor O’Neil Center for Global Markets & Freedom (www.oneilcenter.org) Cox School of Business, Crow 282B, office: 214-768-3492, [email protected] Meeting Times. Our meetings will be held on Tuesdays (McLane) and Wednesdays (Armentrout) at 6-8 pm in the O’Neil Center conference room (Crow 282). Both groups have the same readings. Attendance is required. Your attendance and active participation are required. We will have 10 on- campus meetings plus a joint reading group summit with the students from similar reading groups at Baylor, Texas Tech, and University of Central Arkansas. That will be held at SMU on the evening of Fri. Oct. 12 & the morning and early afternoon of Sat. Oct. 13 and is a required part of the program. You will not be paid the $1000 stipend if you do not attend. In addition, the O’Neil Center hosts several guest speakers throughout the semester. Tentative events are listed on the schedule at the end of this syllabus and you will be alerted if more are scheduled. You are required to attend at least one of those events, but are strongly encouraged to attend all of them for which you do not have a class or reading group conflict. You are expected to attend all 10 weekly meetings, but if you have an unavoidable conflict, you can make up for that absence by attending an extra one of these events (beyond the first required one).
    [Show full text]
  • Leadership and Economic Policy Sandra J. Peart, Dean and E
    Leadership and Economic Policy Sandra J. Peart, Dean and E. Claiborne Robins Professor Spring 2020 Office Hours: T/Th 9:30 am and by appointment Email: [email protected] (best bet!) In this course, we explore two questions using historical debates on economic policy as our laboratory. First, what is the scope for policy makers and civil servants to lead the economy through cyclical and secular crises and the inevitable ups-and-downs that accompany economic expansion? How much agency should policy makers assume and when are unusual mechanisms called for? Second, what leadership roles do economists legitimately play in the development and implementation of economic policy? I will frame our discussions generally using the contrast between J. M. Keynes and Friedrich Hayek. One question will be whether this framing fits current debates and the split between Democrats and Republicans in the US. While the ideas of Keynes and Hayek will loom large in the historical context, our focus for contemporary issues is on policy as opposed to personalities. In both his written work and by example throughout his professional life, J. M. Keynes would argue for a significant role of economists as leaders. He acknowledged however that the influence of economists might overleap its usefulness. His General Theory famously closed with this passage: 1 The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist.
    [Show full text]
  • Top 100 Economics Blogs of 2020 INTELLIGENT ECONOMIST
    6/17/2020 Top 100 Economics Blogs Of 2020 | Intelligent Economist INTELLIGENT ECONOMIST Economic Theory & News Menu NEWS Top 100 Economics Blogs of 2020 Written by Prateek Agarwal on June 15, 2020 Welcome, and thank you for joining us for the 5th annual Top Economics Blogs list! We are happy, once again, to introduce you to a freshly updated list of economics blogs for 2020. As always, our winners list provides blogs for many different audiences, ranging from the budding economic enthusiast to the seasoned academic. The list also covers a variety of economics topics, whether it be traditional economic theory or the application of economics to current events and issues. In this meticulously curated list, we’ve condensed the most unique elements of each blog into short descriptions, so that you can see which ones catch your eye. For 2020, a few newcomers have emerged, while many mainstays from 2019 and years before are present as well. Like previous years, we’ve done our best to capture the blogs which stand out for their quality rather than their popularity. As such, the list is an eclectic group that represents a wide range of tastes and perspectives. Regardless of your school of thought or political affiliation, you can find valuable new content in this list of engaging, high-quality economics blogs. Blogs Added in 2020: https://www.intelligenteconomist.com/economics-blogs/ 1/53 6/17/2020 Top 100 Economics Blogs Of 2020 | Intelligent Economist Critical Macro Finance The Demand Side Byte Size Story The one-handed economist the Blog Papers of Dr.
    [Show full text]
  • George Steven Swan, the Law and Economics of Fiduciary Duty
    Swan 7-16-12 (Do Not Delete) 7/16/2012 10:52 AM OKLAHOMA CITY UNIVERSITY LAW REVIEW VOLUME 37 SPRING 2012 NUMBER 1 ARTICLE THE LAW AND ECONOMICS OF FIDUCIARY DUTY: WOMACK V. ORCHIDS PAPER PRODUCTS CO. 401(k) SAVINGS PLAN George Steven Swan, S.J.D.* I. INTRODUCTION.................................................................................... 19 II. THE PRE-2007 GREAT MODERATION ................................................ 21 A. What Was the Great Moderation? .......................................... 21 B. Did the Great Moderation Mislead? ...................................... 22 III. THE ECONOMICS IN LAW AND ECONOMICS .................................... 25 A. The Paradigm Idea ................................................................. 25 B. Macroeconomics ..................................................................... 29 1. Macroeconomists and Mathematization .......................... 29 2. Macroeconomists, Mathematization, and Modeling ........ 36 3. Macroeconomics, the Business Cycle, and the Evidence .......................................................................... 40 C. Microeconomics ..................................................................... 44 IV. SOCIAL CAPITAL AND FIDUCIARY DUTY ......................................... 49 A. Trust as Social Capital ........................................................... 49 * Certified Financial Planner™; Associate Professor, School of Business and Economics, North Carolina A&T State University; B.A., Ohio State University; J.D., University of Notre
    [Show full text]