Intelligence, Common Sense, and Subprime Bryan Caplan By Bryan Caplan, May 26 2013 SHARE POST: Conjecture: Financial experts’ strange combination of astute calculation and elementary error on subprime lending is one of history’s most important examples of the contrast between intelligence and common sense. Discuss.
May 28 2013 Cost-benefit Analysis Are Rising Graduation Rates Good News? Two Theorie... Bryan Caplan Like most people, Tyler Cowen thinks that rising high school graduation rates are good news:The nation's high school graduation rate has risen -- to 78 percent in 2010, the Education Department says in its most recent estimate. That's obviously still not where it should be, but it's the highest figure since 1974. (F... 7 Read More
May 27 2013 Economic and Political Philosophy Henderson on Milton Friedman David Henderson What were Friedman's other characteristics that mattered? I'll explain by telling my own tale of discovering Milton Friedman. In the summer of 1968, when I was 17 and had just finished reading almost all of Ayn Rand's works, fiction and non-fiction, I happened to pick up an issue of Newsweek. In a column titled "The P... 22 Read More
May 26 2013 Behavioral Economics Intelligence, Common Sense, and Subprime Bryan Caplan Conjecture: Financial experts' strange combination of astute calculation and elementary error on subprime lending is one of history's most important examples of the contrast between intelligence and common sense.Discuss. 12 Read More