Russ Roberts is summarized in the NYT Dealbook. My paper in the Harvard Journal of Law and Public Policy is now available. Other papers on the financial crisis are here. For now, since I am mostly on vacation, they are self-recommending.
Jun 9 2010
The Richter reissue is also available as a free pdf. From my intro: From the outset, many questioned the practicality of the socialists' solution. After you equalize incomes, who will take out the garbage? Yet almost no one questioned the socialists' idealism. By 1961, however, the descendents of the radical wing...
Jun 9 2010
The latest from Robin Hanson's odyssey through anthropology:Most confusion comes from seeking a one-way trend, as in "is there more or less war than in ancient times?" Problem is: overall, warfare increased, then decreased. [...] Yes, most of the "tribal" societies that anthropologists study have high rates of war. &nb...
Jun 9 2010
Russ Roberts is summarized in the NYT Dealbook. My paper in the Harvard Journal of Law and Public Policy is now available. Other papers on the financial crisis are here. For now, since I am mostly on vacation, they are self-recommending.
READER COMMENTS
impostor
Jun 9 2010 at 4:34am
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Mike Rulle
Jun 10 2010 at 3:08pm
Excellent summary in the Harvard Journal. Not much to add except to state the obvious that politicians will always favor the cartoon version of moral failure. Moral failure is a constant. Regulatory loopholes (“arbitrage”) need not be—at least when combined with policy. They can never be eliminated fully, but can be mitigated. One way is to let institutions fail. But that’s old news.
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