Bryan Caplan tonight in New York City debates, for Intelligence Squared, the proposition “Let anyone take a job anywhere.” It’ll be live-streamed. Bryan, being a first-rate economist and humanitarian, will defend this proposition. (See here.)
Even the polite and non-ideological (by blogsophere standards) Greg Mankiw has a (justifiably so) harsh assessment of the Obama administration’s failure to admit that Obamacare does force many-a Jane and John Doe to abandon his and her preferred health-care plans.
EconLog guest blogger Bart Wilson discusses competition policy. Here’s Bart’s closing paragraph:
The bulk of current horizontal merger enforcement is built upon the premise that there is some stationary state of pre- and post-merger competition with a concomitant price. Prices and competition, however, are not ends; they are means, dynamic means for discovering which goods will best serve which customers who each have their own particular circumstances and tastes. Even though firms may discover post-merger that we are willing and able to voluntarily pay more, the important long run rules governing their conduct remain constant: honesty, candor, and ingenuousness. The everyday rules of the game of life that far pre-date the modern market economy still apply. Fairness isn’t an end in markets. Fairness is the very means by which markets work.