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Bryan Caplan and David Henderson

Michael Munger: August 2004

An Author Archive by Month (8 entries)
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August 15, 2004

Not a Dime's Worth of Difference

Regulation and Subsidies
Michael Munger
by Michael Munger Guest Blogger For those who, like Ralph Nader, think that there is no difference between the major party candidates, consider the regulatory process, which largely operates under the media radar, but affects all of us. Interesting in-depth... MORE

August 14, 2004

All's Fair in Politics

Public Choice Theory
Michael Munger
by Michael Munger Guest Blogger Economist Ray Fair's very simple model on presidential elections has some interesting things to say about the upcoming election. Given the macro-economic and macro-political factors that have mattered in the past, George W. Bush should... MORE

August 13, 2004

I Wish Tiebout Could See This

Labor Mobility, Immigration, Outsourcing
Michael Munger
by Michael Munger Guest Blogger "Tiebout sorting", named after Charles Tiebout (1924-1968) is one of the ways that public economists have described the effects of differences in levels of public expenditure and variations in policy in a federal system. The... MORE

The Political Economy of Wishful Thinking

Price Controls
Michael Munger
by Michael Munger Guest Blogger States have some ridiculous laws on the books, but some of the most interesting, popular, and ridiculous are those on price regulation. At bottom, they come down to this: Wouldn't it be better if there... MORE

August 10, 2004

Privatizing Keynes

Macroeconomics
Michael Munger
by Michael Munger Guest Blogger John Maynard Keynes observed, only partly tongue in cheek, that the solution to unemployment is jobs, any jobs: If the Treasury were to fill old bottles with bank notes, bury them at suitable depths in... MORE

Time to Dump "Dumping"?

International Trade
Michael Munger
by Michael Munger Guest Blogger Dumping, or the practice of a producer in one market selling below cost in another market to drive out competition, has a dubious logical pedigree. But its political history is second to none: a perfect... MORE

August 9, 2004

The Economics of Wage Labor

Cost-benefit Analysis
Michael Munger
by Michael Munger Guest Blogger An amazing study was released August 2 by the UCal-Berkeley Labor Center. The conclusion? Wal-mart costs California $86 million a year. The nefarious company does this by cruelly (wait for it) employing 44,000 Californians as... MORE

August 8, 2004

Russia’s Hope

Cross-country Comparisons
Michael Munger
by Michael Munger Guest Blogger Things seem to be picking up for Russia, heart of the former Soviet Union and the world’s only third-world superpower. This year, using a purchasing power parity basis, Russian GDP stands at $1.287 trillion, or... MORE

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