Bryan Caplan and David Henderson

January 2003

A Monthly Archive (8 entries)

The Internet and Productivity

Growth: Causal Factors
Arnold Kling
Yesterday, having been lured downtown by an opportunity to gaze into Virginia Postrel's eyes, I stumbled on Nobel Laureate Michael Spence giving a talk on the Internet and productivity. Some major points were: 1. Before the Internet, computing was a... MORE

Growth and Displacement

Growth: Consequences
Arnold Kling
Glenn (Instapundit) Reynolds links to a pessimistic treatment of economic growth by Michael Rogers. In my little part of the world that sample has included advertising agency people, a television executive, two doctors, a lawyer, a retail stockbroker, a building... MORE

Rent Control's Sad History

Price Controls
Arnold Kling
How has rent control worked in New York City? Exactly as textbooks would have predicted, according to this essay by William Tucker in the New York Post. During the 1920s, builders put up nearly 100,000 new apartment units a year.... MORE

Lurching toward Utopia?

Growth: Causal Factors
Arnold Kling
Brad DeLong describes the 20th century as "slouching towards utopia." He views prospects for the next 20 years as even brighter. Today's ongoing revolutions in biotechnology-and-information technology see technological progress of at least 15% per year in industries that make... MORE

The Case for Tax Cuts

Supply-side Economics
Arnold Kling
For an antidote to the interventionist Atlantic Monthly, see this open letter signed by a number of conservative economists. As a rule, government cannot create wealth or expand the economy. Only the private sector can do that. Government can, however,... MORE

U.S. Best--or Worst?

Cross-country Comparisons
Arnold Kling
In the Atlantic Monthly's "State of the Union" issue, Ted Halstead says that for the American economy it is the best of times and the worst of times. We boast more patent applications than the entire European Union; almost three... MORE

The Economics of Web Logs

Information Goods, Intellectual Property
Arnold Kling
EconLog is a Web Log, or Blog. My view is that some of the value of blogs comes from the collective filtering that they provide. I sketch a sort of economic model, in which everyone lives on a circle, with... MORE

The Case for Teaching Economics

Economic Education
Arnold Kling
When asked by edge.org's John Brockman what he would do if he were science advisor to the President, Steven Pinker's reply included: Observers from our best science writers to Jay Leno are frequently appalled by the innumeracy, factual ignorance, and... MORE

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