EconLog: Library of Economics and Liberty

Coase on a Plane: My Answer

Art Carden — 2013-05-24T01:44:20

(May 24, 2013 01:44 AM, by Art Carden) Thanks to everyone who offered excellent comments on my last post. Most people were thinking about it the way I do. To recap, here were the questions I someday want to ask on an exam or in a job interview:... (0 COMMENTS)

Consumer Surplus: An Application of the Concept

David Henderson — 2013-05-23T12:50:12

(May 23, 2013 12:50 PM, by David Henderson) I've written on consumer surplus a number of times on this blog. See here. David Boaz recently posted on a 1979 talk by Nathaniel Branden to which I was the introducer. In my intro to Nathan, I applied the concept... (2 COMMENTS)

Coase on a Plane, or, an Idea, Recycled

Art Carden — 2013-05-23T11:40:46

(May 23, 2013 11:40 AM, by Art Carden) I agree with co-blogger Bryan that most voters are rationally irrational. My sense is that there are also a lot of voters and people in positions of influence who know just enough economics to be dangerous. As Steve Horwitz and... (16 COMMENTS)

The Flaw in Heyne, Boettke, and Prychitko

David Henderson — 2013-05-23T03:27:04

(May 23, 2013 03:27 AM, by David Henderson) In a post on Tuesday, "Find the Flaw," I asked readers to find and evaluate the implicit assumption in the following passage from an economics textbook: When physicians must be licensed and new drugs approved by the Food and Drug... (10 COMMENTS)

Commuting, Chronic Stress, and Costs That Are Harder to See

Art Carden — 2013-05-22T16:27:06

(May 22, 2013 04:27 PM, by Art Carden) This morning, I tweeted the following: Spend extra $ to cut your commute. I read (in @rdobelli's book?) that we underestimate commuting costs.— Art Carden (@artcarden) May 22, 2013 We've tried to model it. When we lived in Memphis, we... (12 COMMENTS)

Tocqueville's Tweeters

David Henderson — 2013-05-22T12:21:09

(May 22, 2013 12:21 PM, by David Henderson) Private Sector, 1: FEMA, 0 Social media is [sic] often recognized narrowly as a way to connect with friends, or to share and read the news. Yesterday it was demonstrated that social media can serve as a medium of mobilization... (8 COMMENTS)