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Dwight R. Lee

The Sharing Economy Is As Old As Markets

Dwight R. Lee
August 3, 2015

Many people have waxed eloquent about the "sharing economy." They have in mind such great services as Uber, Lyft, and Airbnb. Economist Dwight Lee shares that enthusiasm, and takes it further. He points out that the sharing economy is not that new. In free markets, prices serve the valuable function of causing us to share with strangers. And the vast majority of these strangers are not people we briefly meet in an Uber ride or at the door to an Airbnb apartment we rent, but, rather are people we never meet. Read on.
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Arnold Kling

Is Big Government an Abilene Paradox?

Arnold Kling
August 3, 2015
What's the source of Americans' dissatisfaction with the Federal government? Is it over-regulation, as Charles Murray suggests in his latest book, By the People: Rebuilding Liberty Without Permission? Arnold Kling says no, and wonders whether our current state of over-regulation is an Abilene Paradox.
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FEATURED COLUMNS

AN ECONOMIST LOOKS AT EUROPE

This month, Pedro Schwartz writes about the poverty of social choice.
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THINKING STRAIGHT

Anthony de Jasay

The Evil Bogey of Secular Stagnation

Anthony de Jasay
June 8, 2015
In his most recent column, Anthony de Jasay discusses secular stagnation and the liquidity trap.
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