Sep 022013
How to trust economists

The questions of whether we can trust economists and what economics is good for are back, thanks to a New York Times post last week making an outrageous claim: The fact that the discipline of economics hasn’t helped us improve our predictive abilities suggests it is still far from being a science At Bloomberg, economist

Apr 302012

Via Reihan Salam, here’s a bit from Greg Mankiw: one reason that people differ in their incomes is that some people care more about having a high income than others… Bryan [Caplan] goes on to suggest that to the extent this is true, it weakens the case for income redistribution. He is absolutely right.  Most

Dec 272011
How inequality harms

I try to avoid politics here on the blog, even though it’s something I read about and talk about quite a bit. But there’s a point about inequality that I’ve been startled to see conservatives either missing or ignoring. In the clip above, Rich Lowry makes what I believe is a very misguided statement, arguing

Oct 132011
Review: The Penguin and the Leviathan

I have a review of Yochai Benkler’s new book up at The Atlantic today. Here’s the gist: Benkler had described and classified the possible motivations driving Wikipedians in his 2006 tome The Wealth of Networks, in which he analyzed the Internet’s impact on the economics of information. In his new book, The Penguin and the Leviathan, Benkler