My book has been excerpted as a Cato Policy Analysis.
My book has been excerpted as a Cato Policy Analysis.
May 31 2007
At Mahalanobis, Eric G. Falkenstein writes, I argue in Why Risk is Not Related to Return that a relative status utility function can explain the failure of the risk-return empirical relationship. Perhaps it can explain persistent irrationality on policy matters? Read the whole thing. As I understand it, he wants to ...
May 30 2007
Tyler misstates one of the conclusions of Burgoon and Hiscox's work on female protectionism. Contrary to Tyler, B&H don't find that educated women are more anti-foreign than other women. Instead, they find that educated women are more anti-foreign than educated men. Less educated women are the most protectionist...
May 30 2007
READER COMMENTS
aaron
May 30 2007 at 3:26pm
Some cause for concern among the Pigou Club, and perhaps your next book, The Myth of the Rational Driver.
Ignacio
May 31 2007 at 2:51pm
You say the invisible hand can harmonize “private greed and public interest”. The proper wording should be “private interest (which might be greedy or not) and public interest”. Indeed, that’s the precise word used by Smith…a moral philosopher…
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