Lynne Kiesling More IHS seminar blogging: Steve Horwitz on James Taylor’s discussion of Mill’s stand on free speech as a discovery process. Free speech is essential to liberty and to the good life because no one has a monopoly on the truth. Nor, would I add, can anyone claim to know the truth in a …
Lynne Kiesling Yesterday Russ Roberts caught himself in a mechanistic metaphor for economic activity, talking about how the economy creates jobs as if the economy is a big machine. Yet we know, and Russ explicitly corrects himself to say, that it’s individuals and the combinations of their interactions that leads to job growth: It’s a …
Lynne Kiesling One of the standard topics I discuss in summer workshops and in my environmental economics course is the benefits of tradable emission permits, including cap-and-trade programs such as the EPA’s Acid Rain program (yes, I know it’s not ideal because the cap is bureaucratically determined, but it’s better than the practical alternative, isn’t …
Lynne Kiesling This is one of the things I love the most about being an economist: from Steve Levitt’s Saturday post on car seats vs. seat belts, in which he posts a link to his new working paper on the question: Things move quickly in the modern world. Within two hours of posting my academic …
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