EconLog small logo

David Henderson: July 2014

An Author Archive by Month (26 entries)

Immigrants as Defenders of Freedom

Labor Mobility, Immigration, Outsourcing
David Henderson
One issue that has come up a lot in the discussion of expanding immigration is many people's worry (at times, I have been one of the worriers) about immigrants coming in and voting, more than existing Americans do, for statist... MORE

Bruce Benson on the Holdout Problem

Business Economics
David Henderson
My bleg about eminent domain yesterday led to a useful discussion in the comments. Dan Klein recommended that I read Bruce Benson's article, "The Mythology of Holdout as a Justification for Eminent Domain and Public Provision of Roads." I've done... MORE

Eminent Domain Bleg

Business Economics
David Henderson
In a comment on my earlier post today, Tom West writes: I'm fairly certain that most infrastructure projects like pipelines or electrical transmission corridors would *never* get built without the government power of eminent domain. That's a reasonable view, and... MORE

Intervention Leads to More Intervention

Regulation
David Henderson
The late Ludwig von Mises famously argued that when governments intervene in the economy, they often create new problems. Then, to address these problems, they impose new regulations that themselves to new problems, etc. I thought of that when reading... MORE

In a powerful post 2.5 years ago, "Eureka! Economic Illiteracy as Mental Substitution," co-blogger Bryan Caplan takes one of Daniel Kahneman's most-powerful insights in his Thinking, Fast and Slow and applies it to the economic illiteracy that we see in... MORE

Mark Thoma's Selective Edits

Public Choice Theory
David Henderson
In a post titled, "Are the Rich Coldhearted?," Mark Thoma writes: Why are so many of the rich and powerful so callous and indifferent to the struggles of those who aren't so fortunate? He then goes on to quote from... MORE

Bad Faith and Court Decisions

Economic Methods
David Henderson
I wrote my earlier post this morning when I woke up in the middle of the night. I finally got back to sleep and woke up with another thought. Here would be a test of Scott Sumner's claim. You would... MORE

Does Predictability Imply Bad Faith?

Economic Methods
David Henderson
Co-blogger Scott Sumner, on his own blog, has written a stinging critique of intellectuals. You can read it for yourself, but here's the part I want to highlight and respond to: It's an embarrassment that the two sides of the... MORE

John Blundell, RIP

Obituaries
David Henderson
Last night, I saw on Facebook that John Blundell died yesterday. He was only 61 years old. Less than two months ago, I had posted on his personal reminiscences of the three Austrian economics conferences in the mid-1970s, two of... MORE

This is HUGE!

Economics of Health Care
David Henderson
We reach this conclusion, frankly, with reluctance. At least until states that wish to can set up Exchanges, our ruling will likely have significant consequences both for the millions of individuals receiving tax credits through federal Exchanges and for health... MORE

McArdle on 15-Year Mortgages

Finance
David Henderson
Megan McArdle has a good post on why it can make sense to switch from a 30-year to a 15-year mortgage. I agree with most of her reasoning. Her point that I think is most important for most people, based... MORE

Happy "Almost Assassinate Hitler Day"

Public Choice Theory
David Henderson
Today is the 70th anniversary of the failed attempt to assassinate Hitler. That the death of Hitler on July 20, 1944 would have been a Good Thing [those who studied British history and read 1066 and All That will get... MORE

Free Market Virtues

Economics and Culture
David Henderson
After finishing the game, the players had to fill in a form that asked their age and the part of Germany where they had lived in different decades. The authors found that, on average, those who had East German roots... MORE

Carlos Ball, RIP

Obituaries
David Henderson
Ian Vasquez of the Cato Institute reports: Venezuelan journalist and Cato adjunct scholar Carlos Ball passed away last week. He was 75. Carlos was a champion of liberty and a long-time friend to so many of us in the freedom... MORE

Good News on Australia's Economic Policies

International Trade
David Henderson
The Australian Parliament voted yesterday to end the government's tax on carbon. The reporting in the link is pretty good except for this statement: "Australia on Thursday became the first country in the world to abolish a price on carbon."... MORE

Note on Borjas: Non-Binding Constraints Are Not Necessary

Labor Mobility, Immigration, Outsourcing
David Henderson
One of the most articulate critics of expanded immigration into the United States is Harvard economics professor--and immigrant--George J. Borjas. Because I wanted someone who knew the facts about immigration to the United States and could present a balanced view... MORE

Mind Your Own Beesness

Business Economics
David Henderson
Rucker and Thurman point out that outbreaks of bee disease are not new: reading their article is your chance to get up to speed on varroa mites, tracheal mites, the bacterial infection called American foulbrood, and the nosema and chalkbrood... MORE

Saturday Morning Video

Economics of Health Care
David Henderson
I was busy all Friday with my conference and forgot to post my latest Friday night video. So this is a Saturday morning video. It was my debate on health care with Ted Marmor. If you think I was too... MORE

Or, you could call this post "Adam Smith on the Tragedy of the Commons" I'm reading a section of Adam Smith's The Wealth of Nations for a conference on The East India Company. I've never read Smith's book all the... MORE

Piketty Bleg

Books: Reviews and Suggested Readings
David Henderson
I'm putting the finishing touches on my review of Piketty in the next few days and he makes reference to something that I don't think exists. I'm wondering if that's just because I don't know how to make my way... MORE

Robert Murphy on Capital and Income

Wealth distribution
David Henderson
Our three examples highlight the importance of understanding both the theory and the practice of capital and income measurement. Analysts have often used statistics to make statements about U.S. savings behavior and inequality, without understanding some important causes of the... MORE

In my fire in 2007, I lost almost all my files, including the ones under the letter "R." For that reason, I thought I had lost my correspondence with Murray Rothbard. But I came across some files in my home... MORE

More on Schuck and Government Failure

Books: Reviews and Suggested Readings
David Henderson
Yesterday I posted on Peter Schuck's book, Why Government Fails So Much. Here's another section of my review of his book in Regulation: Although the whole book is interesting, it becomes a page-turner with Chapter Five, "Incentives and Collective Irrationality."... MORE

Schuck on Why Government Fails

Books: Reviews and Suggested Readings
David Henderson
Peter Schuck's Why Government Fails So Often is one of the most important books of the year and may be one of the most important books of the decade. Although I have seen this prolific author's name over the years,... MORE

You Nasty Creators of Consumer Surplus

Business Economics
David Henderson
Longtime partners Alaska Air Group Inc. and Delta Air Lines Inc. are slugging it out in a battle for Seattle that is turning into one of the U.S. airline industry's nastiest turf wars in years. So reads the opening paragraph... MORE

Reinham Salam has an excellent article on Slate. I don't like the title, "Selfish, Selfish San Francisco." No, it's not the objection you might expect from an Ayn Rand admirer: my objection to Slate's use of the word "selfish." My... MORE

Return to top