External Blogs

Title Channel Posted
Are corporate jets a waste of money?

Almost certainly not: While shareholders have strong incentives to limit value-destroying perquisite consumption, it is challenging to identify such perquisites. Many corporate assets that enable forms of perquisite consumption also provide operational benefits. Corporate jets represent a potent... more

Marginal Revolution University 12/11/2017 - 9:14am
Occupational licensing is a barrier to interstate migration

…we find that the between-state migration rate for individuals in occupations with state-specific licensing exam requirements is 36 percent lower relative to members of other occupations. Members of licensed occupations with national licensing exams show no evidence of limited interstate... more

Marginal Revolution University 12/11/2017 - 7:35am
Monday assorted links

1. Another Alpha Zero masterpiece, this video is nine minutes long. 2. Is serialism one of the hot genres of 2017? 3. Was Goethe basically a pain? 4. Could the Mayans predict meteor showers? 5. Are Bitcoin options what we really need?  And, how Bitcoin futures are going. The post Monday assorted... more

Marginal Revolution University 12/11/2017 - 12:46pm
New Zealand fact of the day

…a recent report by Yale University concluded the country is suffering the highest rate of homelessness in the developed world with 40,000 people, nearly 1 per cent of the population, living on the streets or in emergency housing or substandard shelters. …“The big change in homelessness is the... more

Marginal Revolution University 12/11/2017 - 12:37am
Bitcoin Is a Bit of a Miracle at Any Price

That is the title of my latest Bloomberg column.  Rather than giving you the main argument, let’s instead cut to the end: The real story of bitcoin is a heartening one of community. Less than 10 years ago, the bitcoin asset was worth virtually nothing, but a small group of people believed in it... more

Marginal Revolution University 12/11/2017 - 11:34pm
*Exact Thinking in Demented Times*

Where?, I hear you asking.  No, that is the title of a new book by Karl Sigmund and the subtitle is The Vienna Circle and the Epic Quest for the Foundations of Science.  I enjoyed this book very much, though I don’t recommend it as a balanced introduction to its chosen topic.  I liked it best... more

Marginal Revolution University 12/11/2017 - 10:12pm
Tullock on Buchanan and Tullock on Calhoun

(Don Boudreaux)

TweetRegular – and even many irregular – readers of this blog know that I have spent a great deal of time detailing some of the many errors that run through what is surely one of the worst books published in 2017, namely, Nancy MacLean’s Democracy in Chains.  This book is... more

Cafe Hayek 12/10/2017 - 1:45pm
Sunday assorted links

1. Is Spotify leading us to the new Muzak?  I fear yes, how 2017 is that? 2. “By the end of my first year in China, I feel as if I am a one-person FDA.” 3. Does algorithmic trading reduce information acquisition? 4. Are avocado injuries a thing of the past? 5. Yet more correct Ross Douthat, on... more

Marginal Revolution University 12/10/2017 - 12:48pm
What is up with the new Brexit deal?

Most of the Tories are happy they found a semi-workable version of the deal.  They pay a big divorce bill to the EU, have a long transition period, opt for “regulatory standardization with the EU” for the whole UK, as enforced by the need to avoid a hard border in Ireland, and over the longer... more

Marginal Revolution University 12/10/2017 - 10:28pm
Power Corrupts

(Don Boudreaux)

TweetHere’s a letter to The Hill: You report on “Congress reeling from sexual harassment deluge” (Dec. 9).  Of course, all decent people are grateful whenever those who shove themselves unwanted, to satisfy their own lusts, into other people’s personal spaces are exposed... more

Cafe Hayek 12/09/2017 - 8:13am