Category Archives: links to my essays

The Cato Institute on the Future of the Free Society

They write, We have reached out to leading thinkers and challenged them to answer the following questions: What are the most pressing challenges that free societies face in the coming years? What is the most important reason for optimism about … Continue reading

Posted in Libertarian Thought, links to my essays, Tyler Cowen is my Favorite Blogger | 5 Comments

Michael Mauboussin on Luck

A commenter recommended him, and I watched this video. Some interesting points: 1. As skill in an activity becomes more refined, differences in skill at the high levels tend to narrow. As a result, luck starts to play a relatively … Continue reading

Posted in books and book reviews, links to my essays | 12 Comments

My Review of Tyler Cowen’s Complacent Class

I conclude, there is an important category of people who are dissatisfied with the status quo and at the same time are averse to risk and to change. It is an interesting pathology, but I think it is misleading to … Continue reading

Posted in books and book reviews, links to my essays, Tyler Cowen is my Favorite Blogger | 13 Comments

Web Site Revamp

It will not affect this blog, but I am trying to better organize my overall web site. One step is to try to create a biographical page. One relevant bit, from a section on the evolution of my political beliefs: … Continue reading

Posted in links to my essays | 9 Comments

Taking Macroeconomics Backward Through Regression

Olivier Blanchard recently wrote that there ought to be two classes of macroeconomic models. Theory models, aimed at clarifying theoretical issues within a general equilibrium setting. Models in this class should build on a core analytical frame and have a … Continue reading

Posted in Economic education and methods, links to my essays, Mark Thoma is Indispensable, PSST and Macro | 4 Comments

Notes from the 2017 Edge Question

Folks were asked to name a scientific concept that deserves to be better known. Lisa Randall nominates “effective theory.” an effective theory tells us precisely its limitations—the conditions and values of parameters for which the theory breaks down. The laws … Continue reading

Posted in Economic education and methods, links to my essays, Three-Axes Model | 13 Comments

Reframing Financial Regulation

That is a new compendium from Mercatus. I wrote one of the essays, on risk-based capital. The way I see it, the main purpose of central banking and financial regulation is to try to allocate credit to uses favored by … Continue reading

Posted in books and book reviews, financial markets, links to my essays | 8 Comments

My Review of Mokyr

I write, A fundamental issue in all of the disciplines that study human society, including economics, is the relative role of material conditions versus human agency as causal forces. Many writers focus on material conditions. … Those of us on … Continue reading

Posted in books and book reviews, Growth Causes and Consequences, links to my essays | 14 Comments

Tyler Cowen Talks with Joseph Henrich

Self-recommending. A couple of excerpts from Henrich. Humans really don’t think as individuals. We don’t innovate as individuals. We innovate as groups. Groups that, for whatever reason, are able to create more social interconnections produce fancier tools and technology, and … Continue reading

Posted in books and book reviews, culture, links to my essays, Tyler Cowen is my Favorite Blogger | 2 Comments

Principles-Based Regulation

Philip K. Howard writes, Hundreds of federal safety specifications for factory equipment could be encompassed within one general principle: “Tools and equipment shall be reasonably suited for the use intended, in accordance with industry standards.” Is there room for disagreement? … Continue reading

Posted in links to my essays, regulation | 14 Comments