Dec 25 2015 Economic Methods Economists who lack an imagination Scott Sumner One thing that bugs me is economists who seem to think that their way of looking at life is the right way. Indeed the only sensible way. 1. Economists who complain that Christmas presents are inefficient. Do they ever consider the fact that people might get utility from the thought that others are thinking about t... 54 Read More
Dec 25 2015 Books: Reviews and Suggested Readings Boudreaux on Hayek David Henderson One of the distinctions that Boudreaux and Hayek both stress is the one between law and legislation. Boudreaux illustrates this with three nice examples, two of law and one of legislation. On the law side, he tells a story that anyone who has ever parked at a shopping mall is probably familiar with. You are looking for... 7 Read More