Bryan Caplan and David Henderson

Arnold Kling: November 2005

An Author Archive by Month (28 entries)

Collegiate Aristocracy

Economics of Education
Arnold Kling
My alma mater, Swarthmore College, sent out a mailing (I can't find it online) that begins, Swarthmore charges $41,280 per student in tuition and fees, and its endowment reached nearly $1.2 billion...Isn't that enough money for a small college...is it... MORE

I miss Michael Powell

Regulation and Subsidies
Arnold Kling
The FCC thinks that cable TV's bundling policies are bad, according to this report. Chairman Kevin Martin, reversing a course set by predecessor Michael Powell, told lawmakers on Tuesday that cable subscribers could benefit if given the option to pick... MORE

The Corruption Trap

Politics and Economics
Arnold Kling
Philip Keefer writes, political competitors who are unable to make credible promises to most voters will, upon taking office, underprovide public goods, overspend on transfers to narrow groups, and engage in significant rent-seeking. That is, the behavior of such politicians... MORE

Bank Regulation and Public Choice Theory

Public Choice Theory
Arnold Kling
There are several gems in the latest Milken Institute Review. On the topic of bank regulation, James Barth, Gerard Caprio and Ross Levine give an excellent generic description of how the public-choice view of government differs from the assumptions that... MORE

India Fact of the Day

Growth: Causal Factors
Arnold Kling
From an article by Radha Chaurushiya in the Milken Institute Review. The information technology sector employs only one million people – a quarter of a percent of a labor force of more than 400 million. Output in the services sector... MORE

The 1920's and the 1990's

Economic History
Arnold Kling
Robert J. Gordon writes, The evolution of the economy after 2000 was, of course, entirely different than after 1929, and we have previously attributed this to the aggressive easing of monetary policy that sustained a major boom in residential construction... MORE

Cowen's Law

Politics and Economics
Arnold Kling
My latest TCS essay is built around one of my favorite Tyler quotes. I write, There are passionate Republicans and passionate Democrats. But I agree with Tyler Cowen that neither party is likely to seem attractive. I can give a... MORE

Wrong State for Market-Based Health Insurance

Economics of Health Care
Arnold Kling
My latest essay is now out from behind the subscription wall in the Weekly Standard. Massachusetts is considering health insurance reform to address the problems of the uninsured. The federal government is pressuring the state to do something or lose... MORE

Can Entrepreneurship Be Taught?

Business Economics
Arnold Kling
My answer has always been "no." Read this post, from a venture capitalist. there are two ways to build a company. You can design it from scratch, figuring out exactly what you want to build, getting it all down on... MORE

The Music Copyright Tax, Revisited

Information Goods, Intellectual Property
Arnold Kling
Alex Tabarrok writes The conclusion seems right to me - file-sharing increases social-welfare, so in theory a win-win solution is possible, but in practice the increase comes at the expense of music firms. That reminded me of Zimran ("winterspeak") Ahmed's... MORE

Are health economists naughty or NICE?

Economics of Health Care
Arnold Kling
The lead story in today's Wall Street Journal reports If a treatment helps people, should governments and private insurers pay for it without question? Or should they first measure the benefit against the cost, and only pay if the cost-benefit... MORE

Boudreaux Blog on Bloom Beats my Brains

Economic Philosophy
Arnold Kling
Reacting to a piece by Paul Bloom in the Atlantic Monthly, Don Boudreaux writes not only are we genetically predisposed to infer the existence of a supernatural designer of our physical world (or a supernatural bully, depending), but we’re also... MORE

Future of Health Insurance

Economics of Health Care
Arnold Kling
Donald Moran writes, As private insurance thins out toward a more catastrophic form, however, this dynamic can be expected to change, in two ways. First, facing a much larger share of the first-dollar cost of expensive therapies, patients will be... MORE

Gasoline Tax

Energy, Environment, Resources
Arnold Kling
In the September American Economic Review, Ian W. H. Parry and Kenneth A. Small write, The British government has defended high gasoline taxes on three main grounds. First, by penalizing gasoline consumption, such taxes reduce the emissions of both carbon... MORE

James Hamilton on the Great Race

Economics of Health Care
Arnold Kling
He writes If Medicare and Medicaid spending continue to grow 3.1% faster than GDP, by 2150 the federal government would consume 370% of GDP. Hold on a sec. (See also, Robert J. Samuelson on AARP's America Is a Mirage)... MORE

Is Private Health Insurance Impossible?

Economics of Health Care
Arnold Kling
Mark Thoma channels Paul Krugman. It's nice to have Paul Krugman discuss a question that has been addressed repeatedly at this site, market failure in the provision of health and social insurance due to moral hazard and adverse selection This... MORE

Buying Habits, Race, and Income

Income Distribution
Arnold Kling
Alex Tabarrok writes, Expenditures on footwear by whites and other races: $274 Expenditures on footwear by blacks: $440. Chalk one up for the good Dr. Cosby. Alex is defending Bill Cosby against an attack by a Washington Post financial columnist.... MORE

Mandatory Health Insurance?

Economics of Health Care
Arnold Kling
The Boston Globe reports, Rhetoric surrounding the healthcare debate in Massachusetts has been largely shaped by plans to extend coverage to the poor. But two of the major initiatives under consideration by the Legislature would also, for the first time,... MORE

Debating Trade

International Trade
Arnold Kling
Angry Bear reports that some bloggers on the left have been having a debate on whether or not free trade is a good thing. In my view, those who think "not" are doomed to intellectual failure. One of the good... MORE

Budget Trends

Fiscal Policy
Arnold Kling
Steve ("the skeptical optimist") Conover writes The two trend lines, receipts and outlays, confirm what I thought I had seen two months ago. Federal tax receipts are growing much faster than federal spending outlays: 15.2% versus 8.5%, respectively. As a... MORE

The State as Parent

Politics and Economics
Arnold Kling
In my latest essay, I write Under the welfare state, government usurps the role of the family in education, health care, and saving for retirement. As economic historian Robert Fogel has pointed out, these are the fastest-growing segments of our... MORE

The Language Barrier

Cross-country Comparisons
Arnold Kling
Sucheta Dalal writes about India: Salary differences between equally qualified (non-professional/technical) candidates can be as high as 400 to 500 per cent. In fact, the more fancied jobs in airlines, hotels, media, banks and financial services only to those who... MORE

France, UK productivity puzzle

Cross-country Comparisons
Arnold Kling
Theodore Dalrymple writes, A French employee works 30% fewer hours than a British worker, and a much smaller percentage of the French population than the British works at all, yet total French output is very nearly equal in value to... MORE

Taxing OPEC

Energy, Environment, Resources
Arnold Kling
Andrew Samwick points to a paper by Jayanta Sen that suggests that it is in the interest of oil consuming nations to tax oil. Sen writes, a tax on crude would transfer wealth of $100+ billion a year from foreign... MORE

The Case for Tax Reform

Tax Reform
Arnold Kling
Politically, of course, it's dead in the water. But Andrew Chamberlain and Patrick Fleenor show why it makes economic sense. The current system requires six tax rates ranging from 10 percent to 35 percent to raise the $912 billion in... MORE

Campaign Finance Reform

Politics and Economics
Arnold Kling
Gary Becker writes, Part of the hostility to campaign contributions reflects a general hostility to advertising found among intellectuals in all spheres, including many economists. This hostility greatly underestimates the importance of advertising in providing information, in helping new products... MORE

Happiness and Evolution

Behavioral Economics and Rationality
Arnold Kling
I would like to join the chorus of praise for Will Wilkinson's new blog on happiness and public policy. For example, this post: Nesse goes on to point out that a few (of the far too few) longitudinal studies have... MORE

Health Care is Zero-Sum?

Economics of Health Care
Arnold Kling
Kevin Drum writes The bottom line is that if HSAs are a better deal for healthy people, then inevitably they're a worse deal for sick people. And if you take healthcare seriously, it's sick people you should be concerned about.... MORE

Return to top