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James Pethokoukis summarizes a new paper by Robert Lawrence in which Lawrence offers data showing that worker pay did indeed keep up with worker productivity between 1970 and 2008, although it’s not quite done so since.

David Henderson is unimpressed by Paul Krugman’s assessment of the Greek economy and of the Greek government.

Ed Glaeser, in the Wall Street Journal, reviews my GMU colleague Ilya Somin’s new book, The Grasping Hand.  (gated)  A slice (link added):

Yet in reality, the public power to take private property for almost any purpose remains practically unchanged. In “The Grasping Hand,” Ilya Somin argues that “the backlash has yielded far less effective reform than many expected.” Mr. Somin, a law professor at George Mason University, provides a fine tour of the case [Kelo v. City of New London] and of the intellectual history of eminent-domain law. More important, he provides a framework for thinking about the future of eminent domain and private property.

Russ’s latest EconTalk guest is Eric Hanushek.

This account is for my conservative friends who are inclined to give the benefit-of-the-doubt to government law-enforcement officers.  (HT Methinks)

This account, from Jeffrey Tucker, is for my “Progressive” friends who believe that government regulators improve our standard of living.


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