Instead of writing a guest post, Mike Huemer ended up just replying to your questions in the comments. His main reply is here, but don’t miss the back-and-forth.
Feb 4 2013
Last week I said: It would be great to measure how much reported GDP volatility would fall if we calculated the whole thing the same way we calculate the government part of GDP. Since the government doesn't report profits, and since profits are an extremely volatile category of GDP it's almost tautological that if...
Feb 4 2013
I Can See Subsidies and Import Restrictions If a corporation generously gives to charity, is it socially responsible? Most people would say yes. But economist Dwight Lee, in "Socially Responsible Corporations: The Seen and the Unseen," Econlib's Featured Article for February, says "not so fast." Reminding us of Freder...
Feb 4 2013
Instead of writing a guest post, Mike Huemer ended up just replying to your questions in the comments. His main reply is here, but don't miss the back-and-forth.
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