Bryan Caplan and David Henderson

Alternative Economics

A Category Archive (12 entries)

Cryptocurrencies and Mobile Tipping

Alternative Economics
Art Carden
I've gotten better about this in recent years, but earlier today I was sitting in an airport with no cash. That's normally not a problem as I use credit cards for almost everything, but it does become a problem where... MORE

A Literary Theoretical Treatment of Prices

Alternative Economics
Bart Wilson
Let's see how far we can take the thesis that prices are like words, not by further deconstructing how individual words work, but by considering how a collection of words works in the discourse of a novel. I have never... MORE

The Big Bag of Wealth

Alternative Economics
Bart Wilson
The second paper assignment in freshman Humanomics is to write a short story, a type of homage to Washington Irving's "The Devil and Tom Walker" but from the point of view of Matt Ridley's The Rational Optimist. The story below... MORE

Faustian Economics

Alternative Economics
Bart Wilson
We solve: "In the beginning was the Payoff." Immediately I stop. Did I just quaff? A one-time buzz is too specific; The inception could be more generic. It must be wishful free and stark attentive; Perhaps: "In the beginning there... MORE

On The Effects of Homeschooling: A Bet

Alternative Economics
Art Carden
I can't wait for Bryan's The Case Against Education: every semester, my beliefs move in favor of the signaling model and against the human capital model of schooling. This isn't to say there aren't a lot of students who are... MORE

Utopian Experimental Socialism

Alternative Economics
Bryan Caplan
Larry White's The Clash of Economic Ideas pointed me to a wonderful short essay by Joshua Muravchik.  In it, Muravchik makes the most original observation about socialism I've encountered in years: He ["Utopian socialist" Robert Owen] was no obscure crank.... MORE

Of Bunk and Economics

Books: Reviews and Suggested Readings
Arnold Kling
I was sent a review copy of Debunking Economics, by Australian economics professor Steven Keen. I agree with his view that heterodox economists have something to offer, particularly in the area of macroeconomics. His discussion of a debt bubble and... MORE

Evolution, Economics, and Education

Alternative Economics
Arnold Kling
Mike Gibson points to a sequence of posts by D.S. Wilson. They start here (with some broken links in the first paragaph--I needed to use Google to follow up on one of them), and proceeds rather slowly for my taste.... MORE

Economics and Autism

Economic Methods
Arnold Kling
Simon Baron-Cohen said, A systemizer is somebody whose style of thinking is predominantly in terms of understanding things according to rules or laws. You can think of lots of different kinds of systems: mathematical systems (algebra, computer programs), or mechanical... MORE

What's Wrong with Conventional Economics?

Alternative Economics
Arnold Kling
Michael Blowhard summarizes two books attacking mainstream economics. For most of the "Changing Face" crowd, the field needs some correction, but nothing fundamental. One mathematical-modeling whiz says straight-out that there's nothing wrong with mathematical modeling that better mathematical modeling can't... MORE

Economics and its Enemies

Alternative Economics
Arnold Kling
William Coleman, author of Economics and its Enemies, gave a lecture on the history of anti-economics. He sees two main sources of hostility to economics. First, The paradoxical truth is that nothing is more unpopular than the pursuit of the... MORE

Protesting Economic Education

Economic Education
Arnold Kling
In this essay, I cited Steven Pinker on the value of teaching economics, but I concluded with doubts as to whether "economic idiotarianism" could be eradicated entirely with education. Consider this story about the movement for alternative economics, including a... MORE

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