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Art Carden: August 2013

An Author Archive by Month (13 entries)

I'm Proud to Be a Bad Person

Economics of Education
Art Carden
Perhaps you've read Allison Benedikt's "If You Send Your Kid to Private School, You Are a Bad Person" at Slate. We're homeschooling our kids instead of sending them to the elementary school a few blocks away, so I guess that... MORE

I'm working on a book I'm co-authoring with Deirdre McCloskey on the economic history of the last few centuries. Here is a choice passage from page 44 of her 2006 book The Bourgeois Virtues: The tempting shortcut of taxing the... MORE

The Alabama Music Hall of Fame has been closed since November. The article linked here points out that over the course of the museum's existence, the taxpayer subsidy has worked out to about $33 per visitor. I skimmed down to... MORE

Yesterday's post on what I've read recently provoked two interesting comments on the title of Michael Adams' Letters to a Young Progressive, one from ThomasH, the other from none other than David Friedman (!!). They made me wonder: which group... MORE

Recent Reading

Books: Reviews and Suggested Readings
Art Carden
Here are a few things I've read (and re-read) recently: 1. Charles Murray, American Exceptionalism: An Experiment in History. This is a short and useful tract--it's 50 pages and pocket-sized--on what made the US unique, what continues to make it... MORE

I, Beef Jerky

Central Planning vs. Local Knowledge
Art Carden
Yesterday morning, I opened a bag of beef jerky that reads "MADE IN THE U.S.A." at the bottom of the front of the bag. On the back of the bag--and I found this interesting--one reads that the jerky Contains beef... MORE

Economics offers a lot of cool and counterintuitive insights. One of the most fun, I think, is the independence of the legal incidence and the economic incidence of a tax. In other words, if demanders are not very responsive to... MORE

We got together with some neighbors last month and held a yard sale. A good number of our customers were Spanish-speaking immigrants. Co-blogger Bryan Caplan discusses research suggesting that more immigrants make for higher real estate values in the Cato... MORE

On Re-Reading Hayek's The Road to Serfdom

Austrian Economics
Art Carden
I'm spending the week at a Liberty Fund conference on Hayek dubbed "Hayek Boot Camp." One of the assigned readings was, not surprisingly, The Road to Serfdom. The first time I read it was right before I started grad school,... MORE

Stephanie Herman, a "homeschooling mom of two boys who has taught high school economics in a homeschool coop," was kind enough to send me a review copy of her book Cost Benefit Jr., which provides "an economics curriculum for young... MORE

I got a lot of great comments on last week's post about what would happen if tipping became the norm at McDonald's. See especially these comments by Eric Rall, Jeff (nice catch, but I'm using "McDonald's" as a stand-in for... MORE

Proposed hikes to minimum wages and improvements in working conditions are not free lunches, and at least part of the cost gets passed on to consumers in the form of higher prices. The reply from advocates of the higher minimum... MORE

Tuesday's article about McDonald's and minimum wages got a decent amount of attention and a lot of comments of varying quality. Before my article appeared, Forbes staff writer Clare O'Connor had published a piece borrowing estimates from the University of... MORE

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