Mill, Free Speech, And The Discovery Process

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 … More Mill, Free Speech, And The Discovery ProcessMore Mill, Free Speech, And The Discovery Process

Russ Roberts And The Organic Economy

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 … More Russ Roberts And The Organic EconomyMore Russ Roberts And The Organic Economy

The Acid Rain Retirement Fund

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 … More The Acid Rain Retirement FundMore The Acid Rain Retirement Fund

The Scientific Method In Economics

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 … More The Scientific Method In EconomicsMore The Scientific Method In Economics