Category Archives: Tyler Cowen is my Favorite Blogger

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

Household Services: I have a different take

Timothy Taylor reports, The value of household services was equal to about 37% of GDP in 1965, but is currently equal to about 23% of GDP. Tyler Cowen implies that this is a bad thing. I think of it this … Continue reading

Posted in Introductory Economics, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | 22 Comments

Malcolm Gladwell on Race

He says, So, if your problem is that you’re facing a series of stereotypes about how you are intellectually inferior, how you have a broken culture, how you have . . . I could go on and on and on … Continue reading

Posted in Tyler Cowen is my Favorite Blogger | 12 Comments

Economists, Empiricism, Humility, etc.

Peter Dorman writes, what passes for empiricism in economics at present is often deficient in an empiricist, self-critical spirit and methodology. At the same time, the debates over topics like the minimum wage, the effects of charter schools on educational … Continue reading

Posted in Economic education and methods, Mark Thoma is Indispensable, Timothy Taylor is my Favorite Blogger, Tyler Cowen is my Favorite Blogger | 2 Comments

Tyler Cowen’s Complacency Quiz

It sorts you into four categories: Trailblazer Striver Comfortable Complacent I was rated as a striver. I don’t think of myself that way. I might feel better if there were a category called “contrarian.” It would describe me, and I … Continue reading

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

Does the U.S. Really Spend Excessively on Health Care?

If you look at this chart, U.S. consumers apparently spend too much on everything. In short, Actual Individual Consumption (AIC) per capita is more than 50% higher in the US than in the European Union as a whole! This is … Continue reading

Posted in Economics of Health Care, Tyler Cowen is my Favorite Blogger | 10 Comments

Russ Roberts on Economic Methods

He writes, fundamentals like income or even changes in income over time are somewhat measurable with some precision, [but] we are notoriously unreliable at the things the world really cares about and asks of our profession: why did income for … Continue reading

Posted in Economic education and methods, statistical methods, Tyler Cowen is my Favorite Blogger | 2 Comments

Asymmetric Intolerance

In the United States, the average number of automobile accidents per year is 5.25 million (source). The average number of fatalities per year is 30,000 to 35,000. (source). How many accidents are we willing to tolerate involving self-driving cars before … Continue reading

Posted in books and book reviews, Growth Causes and Consequences, Tyler Cowen is my Favorite Blogger | 34 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

The Case for Libertarian Despair

John J. Dilulio, Jr. writes, State and local governments and their governors associations, mayors associations, state legislatures, corrections commissioners, and more; big and small business lobbies; and, yes, nonprofit sector lawyer-lobbyists—all three federal proxies exert nonstop pressure in favor of … Continue reading

Posted in Economics of Health Care, Tyler Cowen is my Favorite Blogger | 13 Comments