Bryan Caplan and David Henderson

Arnold Kling: July 2006

An Author Archive by Month (21 entries)

Doha Collapse

International Trade
Arnold Kling
Clive Crook writes (link expires next month), Liberal trade works exactly like a resource-saving technology. So, it makes exactly as much sense for a country to deny itself the advantages of open borders to trade as it would to deny... MORE

healthier humans

Growth: Consequences
Arnold Kling
Gina Kolata writes in the New York Times, The biggest surprise emerging from the new studies is that many chronic ailments like heart disease, lung disease and arthritis are occurring an average of 10 to 25 years later than they... MORE

An Army of Consumers

Growth: Causal Factors
Arnold Kling
The Economist discusses the work of one of my favorite economists, Amar Bhide. But nowadays innovation—a complex, gradual process, often involving many firms making incremental advances over many years—is not much constrained by national borders, argues Mr Bhidé. Indeed, the... MORE

Lazy Thinking

Economic Methods
Arnold Kling
Abhijit Vinayak Banerjee writes, Randomized trials like these—that is, trials in which the intervention is assigned randomly—are the simplest and best way of assessing the impact of a program. They mimic the procedures used in trials of new drugs, which... MORE

The Economic Consequences of Mr. Bush

Fiscal Policy
Arnold Kling
Robert Carroll and Greg Mankiw discuss the Treasury department's analysis of the long-run (supply-side) effects of the Bush tax cuts. The Treasury's main analysis assumes that lower tax revenue will over time be accompanied by reduced spending on government consumption.... MORE

China--authoritarian capitalism?

Institutional Economics
Arnold Kling
Robert Reich writes The gap between China’s rich and poor is turning into a chasm. China’s innovators, investors, and captains of industry are richly rewarded. They live in luxury housing developments whose streets are lined with McMansions. The feed in... MORE

Willpower as a Scarce Resource

Behavioral Economics and Rationality
Arnold Kling
Emre Ozdenoren, Stephen Salant, and Dan Silverman write, an agent in our model would strictly prefer to have his “cake” or paycheck doled out to him by a savings club. For if the entire amount were available, resisting spending it... MORE

MRV watch

Political Economy
Arnold Kling
Ilya Somin writes Recent research suggests that even the most sophisticated and highly rational voters may rely on shortcuts that have little relevance to political candidates’ likely performance in office. For example, a recent study of elections for the presidency... MORE

Ethnic Strife

Institutional Economics
Arnold Kling
In a timely article, Austan Goolsbee writes The good news is that history suggests that the destruction of war has no lasting impact on economic prospects. The bad news is that most of these countries, especially Iraq, are filled with... MORE

Health, Education, and Causality

Economics of Health Care
Arnold Kling
Tyler Cowen recommends a paper by David M. Cutler and Adriana Leras-Mooney on the effect of education on health. The obvious economic explanations – education is related to income or occupational choice – explain only a part of the education... MORE

Healthy Transcript

Economics of Health Care
Arnold Kling
From my talk a couple months ago on the Massachusetts health care plan. As I said afterwards, I was unusually fluid in this presentation. My talk begins on p. 28 of the transcript. An excerpt: If you were to deregulate... MORE

Thoughts on the Super-Rich

Income Distribution
Arnold Kling
Brad DeLong writes If it is luck or talent, the 60% of me that is a social democrat thinks that this is grossly unfair, and that we should think very seriously about powerful public policies that will level the distribution... MORE

Indicator of Failure in Iraq

Institutional Economics
Arnold Kling
Strategy Page writes The corruption is so bad that American officials find their Iraqi counterparts more concerned with stealing than governing. The theft is so pervasive that an honest official (who doesn't steal) is at a political disadvantage. During Saddam's... MORE

The Kotlikoff Budget Plan

Fiscal Policy
Arnold Kling
Laurence J. Kotlikoff writes, the U.S. government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments... MORE

Segregation Equilibrium

Economics of Education
Arnold Kling
From a summary of a study by Donald Haurin and David Brasington: The study of Ohio school districts showed that an increase of about 20 percentage points in the proficiency test “pass rate” increased house values in a district about... MORE

Online Textbooks

Economic Education
Arnold Kling
Walter Antoniotti has compiled a big list of free online textbooks in economics, business, statistics, etc. I glanced at one of the economics sites, Cybereconomics by Robert E. Schenk, and it looked quite good. I also liked the Quick Notes... MORE

Why Get an Econ Ph.D?

Economic Education
Arnold Kling
Tyler Cowen writes, Two core groups of people are well-suited to be economists: 1. You math GRE score is over 800, you are totally focused, you love working long hours on your own, and you have good enough letters of... MORE

The Anti-IP Crusaders

Information Goods, Intellectual Property
Arnold Kling
Michele Boldrin and David K. Levine write, Intellectual property law is not about your right to control your copy of your idea - this is a right that we have just pointed out, does not need a great deal of... MORE

What Should Classical Liberals Do?

Political Economy
Arnold Kling
Tyler Cowen writes, 1. The welfare state is not going away. But it is imperative that we avoid Western European levels of taxation through the explosion of Medicare liabilities... 2. What recipes lead to both strong markets and decent governance?...... MORE

Trust Cues Understood

Books: Reviews and Suggested Readings
Arnold Kling
Christopher Chantrill clearly gets my concept of trust cues. [Nicholas] Wade tells his readers other disturbing facts. Genetic analysis strongly suggests that all men are descended from a single male, and all women from a single female. On top of... MORE

Confirming Arnold's and Bryan's Biases

Behavioral Economics and Rationality
Arnold Kling
Michael Shermer writes, During the run-up to the 2004 presidential election, while undergoing an fMRI bran scan, 30 men--half self-described as "strong" Republicans and half as "strong" Democrats--were tasked with assessing statements by both George W. Bush and John Kerry... MORE

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