Richard Thaler Wins Nobel Prize David Henderson By David Henderson, Oct 9 2017 SHARE POST: My former colleague, Richard Thaler, at the University of Rochester has won the Nobel Prize in Economics this morning. I’ll be writing my regular bio for The Wall Street Journal today, which we’ll post here when complete.
Oct 9 2017 Behavioral Economics Hume on Pessimistic Bias Bryan Caplan A nice quote on pessimistic bias during the reign of King James I from Hume's History of England:Every session of parliament, during this reign, we meet with grievous lamentations concerning the decay of trade and the growth of popery: Such violent propensity have men to complain of the present times, and to enterta... 3 Read More
Oct 9 2017 Books: Reviews and Suggested Readings A very bad book Alberto Mingardi On our sister website, the Online Library of Law and Liberty, I've reviewed a very bad book, "Re-thinking Capitalism" edited by Michael Jacobs and Mariana Mazzucato. Here's the key-bit: Rethinking Capitalism is but the latest example of a notable stream of literature blaming capitalism for not accommodating the desires... 6 Read More
Oct 9 2017 Economic and Political Philosophy Richard Thaler Wins Nobel Prize David Henderson My former colleague, Richard Thaler, at the University of Rochester has won the Nobel Prize in Economics this morning. I'll be writing my regular bio for The Wall Street Journal today, which we'll post here when complete. 2 Read More