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 …
Lynne Kiesling I’ve enjoyed James’s affair with Flossie for years, and am glad to see there’s finally public photographic evidence. Seriously, if you are interested in learning more about John Stuart Mill’s harm principle, go read the post.
Lynne Kiesling 5km to go on a 22km, 6.2 degree climb into Courchevel, and Lance Armstrong is in the lead with three others whom he is likely to be able to sprint out at the finish. A likely stage win today. Voigt is 13′ back, which would give Lance the yellow jersey as well. This …
Lynne Kiesling John Fund’s Monday column reinforces the point with respect to Kelo that not only are property rights human rights, they are also civil rights. Martin Luther King III, a former president of the Southern Christian Leadership Conference, says that “eminent domain should only be used for true public projects, not to take from …
Lynne Kiesling Last week while I was off philosophizing, the Federal Trade Commission released a new report on the factors that influence retail gasoline prices (hat tip to Todd Zywicki). The FTC watches retail gasoline prices carefully, and every spring like clockwork when prices go up and my Senator (that would be Dick Durbin) rails …
Lynne Kiesling In addition to the Daily Peleton and Cycling News links for following the Tour, I also recommend Blognor Regis’s commentary. I was particularly amused by his post on Robbie McEwen’s head-butting incident. Tired? Rested! Tee hee. Today’s a rest day, much needed, given the average speeds they’ve been achieving thus far.
Lynne Kiesling Apparently last week when I blogged Aeon’s philosophy lecture from IHS, I started something! This week at the Liberty & Society seminar in California, the faculty will be live-blogging the lectures at Agoraphilia. Of particular note this morning is Steve Davies discussing Steve Horwitz’s lecture on the Great Depression. Steve D. is an …
Lynne Kiesling Tunku Varadarajan is a charming writer (and just as charming in person), as is evident in his regular De Gustubus columns in the Weekend Journal section of Friday’s Wall Street Journal. His most recent Friday column typifies his elegant, touching style in talking about the London bombings: My friend Q.’s response to my …
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