EconLog economics blog. Issues and insights in economics. Economics-oriented providing up-to-date commentary and links on recent topical matters in economics, with new articles posted three to six times each week.
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Back in the fifties, kids didn't even have seatbelts. My dad tells me that in 1971 I came home from the hospital the old-fashioned way: In my mother's arms. Nowadays, in contrast, we transport our babies using special infant carriers - and face a lot...
(May 29, 2009 12:19 PM, by Arnold Kling) This lecture is on the household's "make or buy" decision. The more we outsource production, the more economic activity there is. In a recession, we cut...
Atul Gawande writes, many physicians are remarkably oblivious to the financial implications of their decisions. They see their patients. They make their...
Greg Mankiw reports that the yield curve is steep, meaning that long-term interest rates have risen. In my view, this is perfectly rational, and it shows...
A reporter called me to give the "anti" side of the case for going "green." It's not hard. It is a matter of basic economics. 1. Suppose that a gallon of...
(November 5, 2009 10:28 AM, by Bryan Caplan) In The Road to Serfdom, Hayek quoted Trotsky thusly: "Where the sole employer is the State, opposition means deaths by slow starvation." Libertarians have repeated this line ever since, often without...
(November 5, 2009 09:28 AM, by Arnold Kling) Alex Tabarrok highlights a post by David Beckworth on the sharp decline in nominal spending in 2008-2009. Alex writes, We could use some inflation to get back on track. Nominal wages are simply not flexible...
(November 5, 2009 12:02 AM, by Bryan Caplan) I'm a firm believer that (a) all publicity is good publicity, (b) the more attention my memes get, the better - even if if I get no credit. And in the past, The New Yorker has done me nothing but...
(November 4, 2009 04:22 PM, by David Henderson) In this month's Featured Article, Fred McChesney pays tribute to the work of Armen Alchian and makes the case that he deserves the Nobel prize in economics. I already knew most of what McChesney writes...
(November 4, 2009 01:56 PM, by Arnold Kling) The book that Amazon does not want you to read can now be ordered from Barnes and Noble. The cover image is incorrect. The book itself is something that Nick and I are very proud of....
