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Bryan Caplan: June 2017

An Author Archive by Month (15 entries)

What Is Resentment?

Behavioral Economics and Rationality
Bryan Caplan
My Simplistic Theory of Left and Right states that "The left is anti-market."  There are three recurring critiques of my claim.1. "Most leftists don't hate markets."  I agree, but I never said that.  You can be anti-X without hating X;... MORE

Reply to Yudkowsky

Behavioral Economics and Rationality
Bryan Caplan
Here's my reply to Eliezer Yudkowsky, point-by-point.  He's in blockquotes, I'm not.Bryan Caplan's Simplistic Theory of Left and Right says "The Left is anti-market and the Right is anti-Left". This theory is half wrong, and will for this reason confuse... MORE

Yudkowsky on My Simplistic Theory of Left and Right

Economic Philosophy
Bryan Caplan
Noted rationalist Eliezer Yudkowsky has written a response to my Simplistic Theory of Left and Right.  With his kind permission, Eliezer speaks:Bryan Caplan's Simplistic Theory of Left and Right says "The Left is anti-market and the Right is anti-Left". This... MORE

Boudreaux on the Progressive Mentality

Behavioral Economics and Rationality
Bryan Caplan
My dear colleague Don Boudreaux comments on my recent questions about the absence of libertarian/progressive cooperation:As he so frequently does, Bryan here hits on its head an important nail solidly, cleanly, and with impressive force. I suspect that the single... MORE

Progressive/Libertarian: The Alliance That Isn't

Behavioral Economics and Rationality
Bryan Caplan
My one big disagreement with Ed Glaeser's great piece on housing deregulation is when he says:Reforming local land use controls is one of those rare areas in which the libertarian and the progressive agree. The current system restricts the freedom... MORE

Build, Baby, Build

Cost-benefit Analysis
Bryan Caplan
Ed Glaeser makes the case for housing deregulation for Brookings:Housing advocates often discuss affordability, which is defined by linking the cost of living to incomes. But the regulatory approach on housing should compare housing prices to the Minimum Profitable Construction... MORE

Positive-Sum Diversity

Cost-benefit Analysis
Bryan Caplan
My last post pointed out a fundamental distinction between effects of diversity on trust and effects of demography on trust:If, as in Putnam's original story, diversity per se were really bad for growth, segregation would sharply raise average trust.  Indeed,... MORE

Special Diversity

Economics and Culture
Bryan Caplan
When Robert Putnam runs a proper statistical horserace, one of his favorite predictors of trust - diversity - barely matters.  To recap:Now a diversity skeptic could look at Putnam's results and say: "Fine, diversity per se is no big deal. ... MORE

Trust and Diversity: Not a Bang But a Whimper

Economics and Culture
Bryan Caplan
Robert Putnam, famed author of Bowling Alone, has spent much of his career regretfully publicizing the dangers of diversity.  His most famous claim, of course, is that "social capital" - usually operationalized as "trust" - is vital for a good... MORE

What a Bet Shows

Behavioral Economics and Rationality
Bryan Caplan
Whenever I win a bet, critics rush to say, "This doesn't prove you know better than me."  They're right: Bets "prove" nothing.  But that's a silly standard.  For empirical questions, definitive proof is unavailable, so we have to settle for... MORE

Immigration Charity at Work

Cost-benefit Analysis
Bryan Caplan
I'm still looking for cost-effective ways to promote freer immigration.  But one EconLog reader, who prefers to be known solely as "Isaac," is forging ahead with the best tools he's got.  Reprinted with Isaac's permission...Bryan: Based entirely on following your... MORE

Balan on the Immigration Bet

Economic Methods
Bryan Caplan
The noble David Balan emailed me the following observations on our immigration bet.  With his kind permission: I do agree that Bryan has won our bet.  But I will commit the following violation of the Bettor's Oath. In the blog... MORE

Unfortunately, I Win My Obama Immigration Bet

Economic Methods
Bryan Caplan
Two and a half years ago, I made the following bet with Nathaniel Bechhofer:If, by June 1, 2017, the New York Times, Wall St. Journal, or Washington Post assert that one million of more additional illegal immigrants have actually received... MORE

Mean Reversion and the Permanent Income Hypothesis: Suggested Answer

Behavioral Economics and Rationality
Bryan Caplan
Yesterday I asked:Suppose you - and you alone - discover that the stock market is mean-reverting.   True, False, and Explain:  If you are rational, you will NOT obey the permanent income hypothesis.To review: If the stock market is mean-reverting, low... MORE

Mean Reversion and the Permanent Income Hypothesis

Behavioral Economics and Rationality
Bryan Caplan
800x600 Here's a question from my last Ph.D. Microeconomics exam.  Post your answers in the comments, and I'll share my suggested answer tomorrow.Suppose you - and you alone - discover that the stock market is mean-reverting.   True, False, and... MORE

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