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The Intellectual Poverty Of The New Socialists

by Richard A. Epsteinvia Defining Ideas
Tuesday, September 4, 2018

Forgetting the lessons of history.

Analysis and Commentary

Lemieux: There's No Such Thing As National Interest

by David R. Hendersonvia EconLog
Monday, September 3, 2018

A third problem with the national interest is that the homogenization of individual preferences carries costs for the nationals themselves or for a large number of them, even if state propaganda tries to hide these costs. Diversified preferences, at least within a certain range, carry information and promote experimentation and innovation, from which wealth and individual flourishing spring.

Analysis and Commentary

Live Free And Die?

by David R. Hendersonvia EconLog
Saturday, September 1, 2018

In a recent New York Times column, economist Paul Krugman writes: The other day I had some fun with the Cato Institute index of economic freedom across states, which finds Florida the freest and New York the least free. (Is it OK for me to write this, comrade commissar?) As I pointed out, freedom Cato-style seems to be associated with, among other things, high infant mortality. Live free and die! (New Hampshire is just behind Florida.)

Analysis and Commentary

Golden Anniversary Celebration

by Alvin Rabushkavia Thoughtful Ideas
Saturday, September 1, 2018

On September 1, 1968, I began my first full-time academic job as an Assistant Professor of Political Science at the University of Rochester. Fifty years later to the day, on my Academic Golden Anniversary, I am launching a new website, It presents my research on four themes: economic freedom, tax policy, race and ethnic relations, and aging policy.

In the News

It’s Tempting To Take Social Security At 62. You Should Wait.

quoting John Shovenvia The New York Times
Friday, August 31, 2018

Perry Volpone was determined to follow the herd. All his friends started collecting Social Security benefits the moment they retired, and he saw no reason to do anything different. Yet Dana Anspach, Mr. Volpone’s newly hired financial adviser, argued against it. She urged the former retail executive, then 65, to put off applying for Social Security for five more years. Why? Because delaying it would increase his monthly benefit.

Analysis and Commentary

Arizona Supremes Show Some Numeracy

by David R. Henderson mentioning Clint Bolickvia EconLog
Friday, August 31, 2018

In every course I taught in the last 20 years before I retired, I did about a 45-minute segment on numeracy. One point I emphasized is that there is typically a huge difference between a percent change and a percentage-point change. So, for example, when various proponents were advocating a one-percentage-point increase in our local sales tax, they would sometimes claim that it was a one-percent increase. A one-percent increase sounds trivial and, indeed, is trivial. 

Blank Section (Placeholder)Interviews

Cyberspectives: Lillian Ablon On Global Markets For Zero-Day Exploits And Stolen Data

interview with Lillian Ablonvia Cyberspectives
Wednesday, September 5, 2018

RAND Corporation researcher Lillian Ablon discusses global markets for stolen digital data and zero-day exploits, the longevity of zero-day vulnerabilities, and the resulting impact on business risk profiles.

Analysis and Commentary

James Mirrlees RIP

by David R. Hendersonvia EconLog
Thursday, August 30, 2018

Mirrlees started with no presumption against high marginal tax rates. Indeed, he has been an adviser to Britain’s Labour Party, which for decades imposed marginal tax rates in excess of 80 percent.

Blank Section (Placeholder)Analysis and Commentary

The Libertarian: Elizabeth Warren’s Surreptitious Socialism

interview with Richard A. Epsteinvia The Libertarian
Thursday, August 30, 2018

A new bill from the Massachusetts senator would upend American business.

Analysis and Commentary

The ECB Should Choose An Italian To Supervise Banks

by Melvyn B. Kraussvia Bloomberg Quint
Wednesday, August 29, 2018

Melvyn Krauss is a senior fellow at the Hoover Institution at Stanford University and an emeritus professor of economics at New York University.


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