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In the News

Russia’s Flawed Justice Is Holding Its Economy Back

quoting Barry R. Weingastvia The Moscow Times
Tuesday, November 26, 2019

The case of Valery Izrailit shows the damage Russia’s broken justice system is inflicting.

In the News

Actually, Wealth Should Be Even More Unequal. Why Isn't It?

quoting Edward Paul Lazearvia Financial Post (Canada)
Tuesday, November 26, 2019

A new report shows that inequality of productivity has grown even more than inequality of wages.

Analysis and Commentary

How Much Do The Chinese Fail To Comply With WTO?

by David R. Hendersonvia EconLog
Tuesday, November 26, 2019

My biggest surprise in my economics reading last week.

Analysis and Commentary

Fooled By Algebra

by David R. Hendersonvia EconLog
Monday, November 25, 2019

The late great Armen Alchian taught me that you can be rigorous with words. As a math major, I needed to hear that. Last week, I forgot that. I let algebra distort my thinking.

Perspectives on PolicyFeatured

Monetary Policy: Rules Vs. Discretion

by John B. Taylorvia PolicyEd
Monday, November 25, 2019

A rules-based monetary policy is more effective in promoting economic growth and stability than a discretionary monetary policy.

Featured

David Davenport: Beware The Regulator

by David Davenportvia Townhall Review
Monday, November 25, 2019

Many see Bernie Sanders and Elizabeth Warren as two peas in the liberal Democratic pod but they are actually quite different. Bernie Sanders is a revolutionary who wants to change what he calls the rigged American system. He comes from a European political tradition, socialism, and seeks to turn the economic order upside down.

Featured

Childbirth And Crime

by John H. Cochranevia The Grumpy Economist
Monday, November 25, 2019

Family formation and crime is the title of a very nice new paper by Maxim Massenkoff Evan K. Rose. (HT Alex Tabarrok at Marginal Revolution, which also has great commentary.)

Analysis and Commentary

Susan Mayer On What Money Can't Buy

by Russell Robertsvia EconTalk
Monday, November 25, 2019

Sociologist Susan Mayer of the University of Chicago talks about her book What Money Can't Buy with EconTalk host Russ Roberts. Mayer reports on her research which found that giving poor parents money had little measured effect on improving the lives of their children. She emphasizes the importance of accurately understanding the challenges facing children in poverty if the goal is to actually help them. 

Analysis and Commentary

Responses To Comments On My Review Of Open Borders

by David R. Hendersonvia EconLog
Sunday, November 24, 2019

There were a number of interesting comments on my post in which I highlighted my review of co-blogger Bryan Caplan’s book Open Borders. Because few people read comments but I thought some of the comments worth responding to, I’m doing so here.

In the News

U.S. Firms Pull Back On Investment

cited Steven J. Davisvia The Wall Street Journal
Sunday, November 24, 2019

Capital spending by S&P 500 companies grew less than 1% in the third quarter, and would have fallen without Apple and Amazon.

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Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple