Lynne Kiesling One of the most beautiful (or frustrating) things about the Internet is that if you wait long enough, someone will say what you wanted to … and probably say it more eloquently. Pete Boettke and the commenters on this recent thread did that for me. In this discussion Pete analyzes Tyler Cowen’s argument …
Boettke on Cowen, Smith, Schumpeter, and Stupidity Read More »
Lynne Kiesling I’ve just returned from a conference on regulation in Bulgaria organized by the Istituto Bruno Leoni, a classical liberal think tank in Italy that does a lot of extremely good work developing and applying classical liberal principles and ideas to public policy issues in Italy and Europe. The topics included financial markets regulation, …
Lynne Kiesling A happy amendment to my excoriation of the Senate yesterday for their procedural crankiness in failing to pass the elimination of ethanol subsidies … today the proposal made like a phoenix and was put on the floor again (WSJ, sub reqd), this time passing 73-27. The author of the WSJ article is not …
Lynne Kiesling Although the federal government is actually in a budget crisis and our elected so-called representatives claim to be dealing with it, they are acting rather like they are in denial, or still embroiled in such petty partisan bickering that they refuse to make difficult choices with short-run costs and long-run benefits. Take ethanol …
They Can’t Even Pull off the Ethanol Subsidy Repeal … Read More »
Lynne Kiesling As Jonathan Adler notes at the Volokh Conspiracy, the Wisconsin legislature is considering a piece of legislation that would change the regulations governing the production, wholesale distribution, and retail sale of beer in Wisconsin. The controversial provision in this legislation is one that prevents brewers from owning wholesale distributors, and the controversy arises …
Distortionary Effects of Three-tier Liquor Regulation, Wisconsin Edition Read More »
Lynne Kiesling If you have not caught Virginia Postrel in her new columnist gig at Bloomberg View, here’s a good chance, for Virginia’s column today is about U.S. federal light bulb regulation; both Mike and I have written about light bulb technology and the EISA 2007 “performance standard” that is leading to the disappearance of …
Lynne Kiesling If you want good examples of Schumpeterian competition, it doesn’t get much better than this: Amazon to take on Apple this summer with a Samsung-built tablet? The Engadget folks make … a very reasoned argument that paints Amazon, not Samsung or the rest of the traditional consumer electronics industry, as Apple’s chief competition …
Lynne Kiesling Researchers at PERC have been working on free-market environmentalism and property rights-based approaches to aligning economic and environmental values for decades. This video does an excellent job of highlighting the work that PERC scholars and others have done to make ocean fisheries more sustainable by moving from open-access overfishing to population and profit …
Lynne Kiesling Think about public policy concerning disaster relief — the typical argument is that government intervention is necessary to supply affected people with food, clothing, shelter, and construction resources. One theoretical foundation of this argument is the standard public good model, which shows that profit maximizing/utility maximizing individuals will not supply the optimal amount …
Lynne Kiesling Here at KP we study and analyze and talk a lot about government regulation of economic activity. But one thing to which we have not been particularly attentive is the rhetoric of regulation — what meaning, explicit and implicit, do we attach to the word “regulation”? Into this breach comes an excellent Freeman …
The Rhetoric of Regulation: Free Markets Are Regulated Read More »
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