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Art Carden: October 2013

An Author Archive by Month (15 entries)

Do We Work Too Much?

Behavioral Economics and Rationality
Art Carden
A student sent me a link to this article claiming that we would be better off with a thirty-hour as opposed to forty-hour workweek. I'm sympathetic to the argument: I think a lot of us are on the wrong side... MORE

You might be familiar with hand-wringing about how people are extending their adolescence into their twenties and not entering "adulthood" until later ("thirty is the new twenty" and all that). This concerns me a bit, too, but should it? It's... MORE

Without digging deeply into the conversation, my sense is that a lot of economists and public intellectuals saw the financial crisis and the slow recovery as a confirmation of a lot of things they already believed. For textbook Keynesians, it... MORE

A lot of the radio stations and programs to which I listen in the car and in my office are "listener-supported," which means regular pledge drives and seemingly-endless appeals for money. I'd probably prefer that they simply monetize my ears... MORE

On Sweatshops: They're Better Than the Alternative

Labor Mobility, Immigration, Outsourcing
Art Carden
I just answered an email from some seventh-grade students who were asking about my Forbes.com article "Immigrants, Sweatshops, and Standards of Living." I suggested they look up Benjamin Powell's work, particularly this article on sweatshops that he wrote for the... MORE

Here's a sad mistake I encounter all too often: people think economic growth and technological progress are substitutes for rather than inputs into enjoyment and appreciation of finer things like the arts or deeper things like the sacred. I offer... MORE

Giving Writers the Benefit of the Doubt

Behavioral Economics and Rationality
Art Carden
It's been said that libertarian philosophers love Murray Rothbard as an economist and historian, but not as a philosopher. Libertarian historians love Murray Rothbard as an economist and philosopher, but not as an historian. Libertarian economists love Murray Rothbard as... MORE

"We are perishing for want of wonder, not for want of wonders."-G.K. Chesteron I'm sitting at a Starbucks in Houston, Texas, where we're visiting my sister, her husband, and my newborn niece. It's been a good trip, albeit with one... MORE

Time for a Third Party? Let's Bet

Politics and Economics
Art Carden
Via Students for Liberty on Facebook, I saw this Politico article reporting polling data showing "Record demand for third party." As one of the comments points out, it's the sort of thing that gets attention periodically but that never really... MORE

Economic Possibilities for Our Grandchildren*

Institutional Economics
Art Carden
Samford goes on Fall Break this weekend. In my principles of macro class, we just spent two weeks talking about the institutional causes of the wealth of nations as well as the Solow growth model. As you get ready for... MORE

What I've Been Writing Lately

Books: Reviews and Suggested Readings
Art Carden
1. How to Win at the Airport, for Heels First. I'm spending a lot of time in airports this week and need to keep this advice in mind. 2. Does the Surveillance and Security State Make Us Safer?, for Forbes.com.... MORE

This morning, I'm speaking to one of Mike Munger's classes at Duke about Walmart and the importance of trade. Here are a few resources. 1. An ungated version of my paper "Retail Innovations in American Economic History," which appeared as... MORE

I'm pretty risk-averse when it comes to travel, so I probably get to the airport earlier than I need to. That was the case this morning: I was booked on a 6:45 AM flight from Birmingham to Atlanta and arrived... MORE

Keep Calm and Read Bastiat

Macroeconomics
Art Carden
This morning, a colleague and I are conducting a seminar on Frederic Bastiat for homeschooled students. We're discussing "What is Seen and What is Not Seen," "A Petition," "The State," and "The Law." In re-reading these essays, I'm struck yet... MORE

A few weeks ago The Atlantic ran a great story about "How the NFL Fleeces Taxpayers" (HT: Reddit). Stadium subsidies are a classic example of failure to appreciate "what it not seen." As Dennis Coates and Brad Humphreys point out... MORE

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