Turns out, beermakers and police (two people who benefit most economically from prohibition) lobby most (Huffington Post).
Do I see an unholy freedom alliance between Teapartiers and NORML in America's future (420 Tribune)?
Is more vote-buying a good thing or a bad thing (Marginal Revolution)?
If you pay someone to help you cheat, do you deserve a refund when you discover that they cheated (Dan Ariely)?
How to eat a muffin (Incidental Economist). The second I read this, I realized that I already eat muffins this way, even when I'm not walking.
Imperialistic (or, mercantilistic?) Economists (Justin Wolfers).
In the beginning, there were institutions...thoughts on institutions, economics and other random topics.
Thursday, September 23, 2010
One good sentence on subsidies
From Free Exchange:
The upside to cash-benefits is that it forces policymakers to confront the trade-offs involved in delivering a certain subsidy and evaluate whether it makes sense.
Tuesday, September 21, 2010
Three good sentences
Liberal arts education has taken a beating lately from a wide range of critics (for examples on the economics department side of things see hereor here, and for a general critique see here or here). Tyler Cowen makes a good (and concise!) defense here. Here's the good stuff:
I wonder how Tyler (a libertarian, Austrian-leaning economist) feels about the fact that a significant portion of that liberal arts education is heavily subsidized?
A liberal arts education helps us think with greater subtlety, even if it does not improve our performance on subsequent standardized tests. I see an impact here even on the lesser students in state universities. It also helps explain how the U.S. so suddenly leaps from having so-so high schools to outstanding graduate schools; how many other countries emphasize liberal arts education in between?
I wonder how Tyler (a libertarian, Austrian-leaning economist) feels about the fact that a significant portion of that liberal arts education is heavily subsidized?
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