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Bryan Caplan: May 2016

An Author Archive by Month (15 entries)

Why I Think I Win My Bets

Behavioral Economics and Rationality
Bryan Caplan
I'm tempted to tell Scott, "You had me at 'Why Bryan Caplan wins almost all of his bets."*  But my story varies from his.  Scott begins:Bryan almost always takes the consensus view in any bet.Not really.  In general, I think... MORE

Migration and Welfare in Maoist China

Cross-country Comparisons
Bryan Caplan
The welfare state is an appealing rationale for migration restrictions.  Normally, of course, it's a rationale for international migration restrictions.  In Maoist China, however, the urban welfare state swiftly became a rationale for restricting domestic migration from the countryside, enforced... MORE

Euroteach

Economic Education
Bryan Caplan
This summer, I'll be in Europe for a month, from June 16-July 16.  My activities: 1. Teaching Advanced Public Choice at the University of M√ľnster. Classes are on Monday afternoons and Tuesday mornings.  If you wish to audit, please email... MORE

Multinationals Are Well-Managed in All Countries

Cross-country Comparisons
Bryan Caplan
One picture is worth a thousand words, courtesy of Bloom and Van Reenen's "Why Do Management Practices Differ Across Firms and Countries?" (Journal of Economic Perspectives, 2010)My earlier comments on this still-underrated piece here.... MORE

A Story of Signaling

Economics of Education
Bryan Caplan
Interesting email from journalist Henri Astier, reprinted with his permission. Hello, I am a French journalist living in London and - more relevant for the purpose of this email - an avid listener of Econtalk. I enormously enjoyed all your... MORE

As you may know, the American Revolution swiftly led to hyperinflation and price controls.  From Rothbard's Conceived in Liberty, vol. 4:By the end of 1775, Congress had already increased the nation's money supply by 50 percent in less than a... MORE

The Specter of Open Borders

Behavioral Economics and Rationality
Bryan Caplan
Great short old piece by Matt Yglesias:[T]he specter of truly open borders is such an obvious specter for nativists to raise that proponents of more liberal immigration laws had better have something sensible to say about it.Indeed, the nativists I've... MORE

Consols Contra the Liquidity Trap

Macroeconomics
Bryan Caplan
Pace Scott Sumner, suppose a country is stuck in a liquidity trap.  Conventional monetary policy is futile, and unconventional monetary policy isn't working either.  What would happen if the government did the following?Step 1: The Treasury refinances the entire national... MORE

Emigration and Revolution

Behavioral Economics and Rationality
Bryan Caplan
Actions speak louder than words - and exiting your country - emigration - is the loudest action most people will ever take.  Mass emigration swiftly exposed the horrors of communism.  The French Revolution is also notorious for provoking flight.  How... MORE

The Observational/RCT Correlation

Economic Methods
Bryan Caplan
What's the correlation between results from observational studies and results from randomized controlled trials?  Medicine's the obvious place to start, but if you know of any research on any topic that addresses this question, please share.... MORE

Dementia, Antihistamines, and Cost-Benefit Analysis

Behavioral Economics and Rationality
Bryan Caplan
I've had severe allergies for as long as I can remember.  Until my early-20s, I assumed I just had to live with them.  Then my doctor at Princeton recommended Benadryl, which virtually cured my problem.  Since then, I've taken antihistamines... MORE

The Value of History

Cost-benefit Analysis
Bryan Caplan
Today my homeschooled sons are taking the Advanced Placement United States History Exam.  I took the exam when I was 17.  They are 13.  Given how often I deride the practical value of history in The Case Against Education, you... MORE

Lip Service

Behavioral Economics and Rationality
Bryan Caplan
Individualists such as myself are often accused of being psychologically oblivious.  Look around!  The vast majority of human beings crave community and belonging.  Social thinkers who refuse to account for this obvious fact may be smart and articulate.  But they... MORE

Exploring the Place Premium

Cross-country Comparisons
Bryan Caplan
Clemens, Montenegro, and Pritchett continue to expand the frontiers of human knowledge about migration.  Their latest working paper, "Bounding the Price Equivalent of Migration Barriers," mostly measures the total wage effect of globally relocating identical workers.  But it closes by... MORE

What the Primaries Mean

Economic Methods
Bryan Caplan
Donald Trump has wildly exceeded electoral expectations at every stage of the election.  But betting markets still say he has but a 20% chance of winning the presidency.  Isn't Trump's record of success after success strong evidence that he's far... MORE

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