Productivity Shock posted a great abstract on this topic. I would guess that any number of the following might be true and also contribute to the phenomenon in question, but might not be detectable by the existing data. 1. Bumming out cigarettes is more...
Are Smurfs a public good? Ryan Somma seems to think so. Apparently if no one owns something everyone must own and have a right to it. This article gets an A for effort but could use a dose of Coase. La la la la la la la... Read More...
Pete Boettke recently asked this puzzling question along with another tough one: "why does capitalism produce yet fail to inspire, while socialism inspires, yet fails to produce?" in class and blog. I'm in the midst of reading Property and...
The Agitator linked to this Drew Carey video about the conditions of America's middle class. I was unsatisfied with how the video explained the decline in morale among the economically thriving middle class. It seems to blame the media - misery sells...