Archive for February, 2012

A Followup On The Source of Western Individualism
I should follow up on my last post with this thought: 1) For the fist time in western history, military leadership has been effectively denuded of political power. Our politicians are not only not required to have demonstrated military experience, but…
Yes. It’s OK. I know. I Realize I’m Adding The Virtue Of Violence Back Into Libertarianism.
Violence is a virtue not a vice. Like any resource it is scarce and can be put to good and ill uses. But try to create property rights without it. Try to hold your property rights without it. You can't. No one has. No one will. Property is a product …
The Source Of Western Individualism Is In Its Military Strategy
A letter to HBD_CHICK RE: “l’explication de l’idéologie” @HBD_CHICK First, I meant to write earlier so apologies for the delayed comment Second, translating your argument into an economist's language: 1) "Signaling" is the term eco…
A Hobby Can’t Be A Market Failure
On economics help, we get to see a how political failure is cast as market failure. Agriculture often appears to be one of the most difficult industries, frequently leading to some form of market failure. In the EU, agriculture is the most heavily subs…
The Economic Spectrum: Five Competing Groups Of Economists
There are five competing ideological groups of economists: Modern Monetary Theorists, Monetarists, Keynesians, Neoclassicals and Austrians. These five groups describe a spectrum of policy actions that are available to government because of its ability to …
Monetarists Picked The Wrong Ally in Keynesians
Scott, Well, I’m in the middle of the Monetarist-Neoclassical-Austrian spectrum and I agree with the Monetarists and objects to the Keynesians. The unstated argument here is that: 1) The American people do not trust their government. All spendi…
Bryan Caplan’s Current Work On The Limited Benefits Of Education
Bryan Caplan writes 1. The vast majority of research on the [returns on higher] education - including IVs, RTCs, etc. - does not empirically distinguish between human capital and signaling. The better papers explicitly admit this. 2. Students s…
What Is Evil?
At a dinner conversation last night, someone seeded the discussion with a common parlor-game question. Although it isn't a complicated topic, I thought it would serve as an example of how to translate archaic moral speech into contemporary language by app…