Two Cato Book Forums Bryan Caplan By Bryan Caplan, Aug 27 2020 SHARE POST: This month I’ve done two Cato Book Forums: one on Laurence Siegel’s Fewer, Richer, Greener; the other on Ilya Somin’s Free to Move. Here’s full video of the events. Enjoy! RELATED CONTENT Andrew McAfee on More from Less Andrew McAfee of MIT's Sloan School of Management talks about his book, More from Less, with EconTalk host Russ Roberts. McAfee argues that technology is helping developed nations use fewer resources in producing higher levels of economic output. The improvement is not just a reduction in energy per dollar of GDP but less energy in total as economic growth progresses. This "dematerialization" portends a future that was unimaginable to the economists and pundits of the past. McAfee discusses the ... Read This Article
RELATED CONTENT Andrew McAfee on More from Less Andrew McAfee of MIT's Sloan School of Management talks about his book, More from Less, with EconTalk host Russ Roberts. McAfee argues that technology is helping developed nations use fewer resources in producing higher levels of economic output. The improvement is not just a reduction in energy per dollar of GDP but less energy in total as economic growth progresses. This "dematerialization" portends a future that was unimaginable to the economists and pundits of the past. McAfee discusses the ... Read This Article
Aug 27 2020 EconLog How Transaction Costs Change the Analysis Caleb Fuller Hang around freedom-friendly circles long enough and you’ll eventually hear a claim like the following. “Under private ownership of roads, congestion would be eliminated through the implementation of market pricing.” Claims like this range the gamut of sophistication. In the more sophisticated, truly dynamic pric... 9 Read More
Aug 27 2020 Macroeconomics A win for monetarism? Scott Sumner Later on, I'll have more to say about the Fed's new approach to policy, but this portion of Jay Powell's speech caught my eye: [O]ur revised statement says that our policy decision will be informed by our "assessments of the shortfalls of employment from its maximum level" rather than by "deviations from its maximum l... 15 Read More
Aug 27 2020 Books: Reviews and Suggested Readings Two Cato Book Forums Bryan Caplan This month I've done two Cato Book Forums: one on Laurence Siegel's Fewer, Richer, Greener; the other on Ilya Somin's Free to Move. Here's full video of the events. Enjoy! https://www.youtube.com/watch?v=IY3OzeUsQYI https://www.youtube.com/watch?v=_tbsE3SEtmU 0 Read More