Источник
where orders emerge
Выбор редакции
05 июня, 19:31

Some Links

(Don Boudreaux) TweetMy intrepid Mercatus Center colleague Veronique de Rugy is not keen on the idea of Universal Basic Income (UBI). A slice: But there are additional concerns surrounding UBI, which are deal breakers for me. Without a strong guarantee that all anti-poverty measures would be terminated—and that they will not be brought back to life later—UBI […]

Выбор редакции
05 июня, 16:14

Another Open Letter to Robert Lighthizer

(Don Boudreaux) TweetMr. Robert Lighthizer United States Trade Representative Washington, DC Mr. Lighthizer: You call for the U.S. government to adopt industrial policy. And of course you insist that such a policy would result in splendid outcomes. Yet nowhere do you indicate how you and other government officials would get the information necessary to enable your schemes […]

Выбор редакции
05 июня, 12:51

Quotation of the Day…

  • 0

(Don Boudreaux) Tweet… is today a repeat, but a repeat that is warranted because a herd of intellectuals and politicians, left and right, is now grazing on some psychotic substance that creates the delusion that government officials are sufficiently informed and benevolent to be trusted with the power to override market processes with industrial policy; this timely […]

Выбор редакции
04 июня, 23:30

Yet Another Open Letter to Oren Cass

  • 0

(Don Boudreaux) TweetOren: Debating Mike Munger at Pairagraph, you include as part of your case for industrial policy the assertion that “No economic theory holds that the attractiveness of a choice [of how to invest] will correlate with its value to the society.” This claim is incorrect. The economic theory of how investors who are free of […]

Выбор редакции
04 июня, 13:15

Quotation of the Day…

  • 0

(Don Boudreaux) Tweet… is from page 236 of Roger Koppl’s superb 2018 book, Expert Failure (link added): Imposed knowledge cannot grow and change as freely or rapidly as synecological knowledge. In other words, it cannot grow or change as freely or rapidly as the divided knowledge emergent from an ecology of interacting, dispersed, and autonomous knowers. Imposed […]

Выбор редакции
03 июня, 22:21

Be Careful With this Exception

  • 0

(Don Boudreaux) TweetHere’s a letter to frequent and valued Café Hayek commenter Richard Fulmer: Mr. Fulmer: Your comments at Café Hayek are always valued. Thank you for them. In your comment on this post you understandably point to the national-defense exception to the case for free trade. This exception is real, yet one must take care to […]

Выбор редакции
03 июня, 13:26

Quotation of the Day…

  • 0

(Don Boudreaux) Tweet… is from page 208 of Philipp Blom’s superb 2010 book, A Wicked Company: The first problem with Rousseau’s concept of the social contract is that the “general will” he posits has, like God, no voice to make itself heard directly. For its expression and interpretation, it must rely on particular, wise individuals to lend […]

Выбор редакции
02 июня, 16:26

The (Il)Logic of Retaliatory Industrial Policy and Protectionism

  • 0

(Don Boudreaux) TweetIn my latest column for AIER, I use a 2X2 matrix that my son, Thomas, generously drew for me to help me explain the (il)logic of adopting tariffs and subsidies at home in response to tariffs and subsidies adopted abroad. A slice: On the north-south axis and in blue is the U.S.A. On the east-west […]

Выбор редакции
02 июня, 15:15

Some Links

  • 0

(Don Boudreaux) TweetPierre Lemieux draws a lesson from Trump’s presidency. A slice: To advance liberty, an ignorant disrupter is not sufficient. He is more likely to advance tyranny. If he appears to defend one libertarian cause—say, the Second Amendment—he will more probably bring it into disrepute. Speaking of Trump’s presidency, for George Will it cannot end soon […]

Выбор редакции
02 июня, 12:46

Quotation of the Day…

  • 0

(Don Boudreaux) Tweet… is from page 226 of the late Harold Demsetz’s 1969 paper “Perfect Competition, Regulation, and the Stock Market” as this paper is reprinted in volume II of the 1989 collection of some of Demsetz’s most important works, Efficiency, Competition, and Policy: Complete absence of imperfections is consistent with efficiency only if the cost of accomplishing this […]

Выбор редакции
02 июня, 04:51

This Line About Political-Party Platforms Appears in an Op-Ed…

  • 0

(Don Boudreaux) Tweet… apparently without intentional irony (original emphasis): Elections are about communicating ideas. So the platform should be a product that can be boiled down into soundbites and tweets. Aren’t elections uplifting? Ain’t politics grand?

Выбор редакции
01 июня, 19:38

Pittsburgh Tribune-Review: “Fair’s fair — right?”

  • 0

(Don Boudreaux) TweetIn my column for the October 16th, 2009, edition of the Pittsburgh Tribune-Review I did my best to explain the error of inferring unfairness from differences in income. You can read my column beneath the fold.