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For Smith, moral philosophy is the study of virtue and the faculty of mind that allows us to determine what is praise- or blameworthy conduct. When we understand the project of the...
A basic moral challenge is sorting out how people should be treated. This is often formulated in terms of obligations to others, and the usual question is “what, if anything,Read M...
Jesús Fernández-Villaverde, one of the few economists in the world equally at home solving stochastic dynamic optimization problems as with sociological theory and history, has an...
What if everything you think about money is wrong? And does it matter for the UK economy if it is? Most people believe governments must Read the full article...
We’re joining our friends at Liberty Matters in their celebration of the 250th anniversary of the publication of An Inquiry into the Nature and Causes of the Wealth of Nations thro...
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have Read the full article...
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have Read the full article...
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, Read the full article...
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, Read the full article...
“There are two things you are better off not watching in the making: sausages and econometric estimates. This is a sad and decidedly unscientific state of affairs we find ourselves...
My latest paper, A Test of the Coase Conjecture Using Prices of Electronic Books, with the excellent Tim Groseclose, has just been published. The Coase Conjecture is another one of...
I spoke on a panel at AEI with Nobelist Al Roth about his new book, Moral Economics, which covers “repugnant markets,” from prostitution to surrogacy to kidney exchange. A fun book...
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have Read the full article...
I recently sat down with Steve Keen to explore a deeply uncomfortable truth: the global economic system is far more fragile than mainstream economics admits. Read the full article....
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a visualization of...
Guy Standing's notion of the precariat, and his policy observations and prescriptions.
1. The “estrangement” from philosophy of economics. 2. Investing in scientific instruments. 3. New book coming on Carlsen vs. Niemann. 4. Houston economy growing at more than ten p...
The success of companies such as Airbnb and Uber created a massive sharing economy. The idea grounding the sharing economy is an old one: people provide goods and services asRead M...
Since education is expensive, it is reasonable for a student to expect a return on their investment (ROI). Given that the taxpayers contribute to the education of students, it make...
Here’s a revision I made to Modern Principles, my textbook with Tyler. Some things change dramatically, some things never change. The post Revising Modern Principles appeared firs...
Bill Phillips was an outsider to economics, but he used a machine and a chart to change the way we think about the government's role in a capitalist economy.
Neoliberalism claims Adam Smith as its founding father, but that claim is built on a lie. Smith's first great work, The Theory of Moral Sentiments (1759), Read the full article...
The subtitle is The Politics of Feasible Liberalism, and the author is Deirdre Nansen McCloskey. The author wishes to argue for liberalism as opposed to statism, a very good book....
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have Read the full article...
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