I have only read a small bit of Nancy MacLean’s book on James M. Buchanan, public choice, and politics. I’m reluctant to buy a copy, but I wanted to see if it was as bad as some critics have said. (Now you know something of my limited knowledge of and pre-existing bias against the book. … More Nancy MacLean’s generalized rewriting of James Buchanan’s views on democracy
“Let’s … have … fun … with … footnote[s],” MacLean said.* Here is a simple game of scholarship that anyone can play and everyone who plays by accepted norms of scholarship wins!** How to play: Take the recently published book Democracy in Chains, open it randomly to a page in the text, find a footnote … More Fun with Footnotes (A game of scholarly discovery)
Some time last spring, my friend and occasional KP contributor Sarah Skwire formulated on Facebook what’s now dubbed “Skwire’s First Law”, and we’ve been using it, kicking its tires, and discussing it all summer. In a timely manner (given what we’ve learned this summer about widespread, unwarranted government surveillance and the impending likelihood that yet … More Public Choice Theory: Skwire’s First Law
Michael Giberson A graphic illustrating states with price gouging laws (blue) and states without them (gold). For a list of the states with citations and related notes, see my earlier “List of States With Anti-Price Gouging Laws.” So far as I know, the only serious attempt to explain why some states do have price … More Which states have price gouging laws?
If you must subsidize energy, subsidize wisely. Given the way public policy gets made, subsidizing wisely is much harder than you might think. … More If you must subsidize energy, subsidize wisely
Lynne Kiesling A concise public choice analysis of the distortionary economic rents created by the ever-increasing “layers” of TSA security theater, as reported today on the Wired gadget blog: Airport “security” theater may be sickeningly pointless, but this stealthy introduction to a police state brings certain commercial advantages to those willing to cash in. First, … More Intrusive TSA searches create profit opportunity for Adidas
Lynne Kiesling Megan McArdle offers an essay assignment: Pascal Emmanuel-Gobry has an essay question: Tainter’s story goes like this: a group of people, through a combination of social organization and environmental luck, finds itself with a surplus of resources. Managing this surplus makes society more complex–agriculture rewards mathematical skill, granaries require new forms of construction, … More Complexity essay question from Megan McArdle