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Here’s the audio of my 90-minute-long conversation, which took place at the Mercatus Center at George Mason University on April 21st, with the great Deirdre McCloskey [2]. The occasion was the publication of Deirdre’s latest book [3].
My student Mark Lutter writes more on voluntary cities [4].
Steve Horwitz explains that capitalism made modern motherhood possible [5].
Jeffrey Tucker is rightly horrified by Donald Trump’s economic ‘plans. [6]‘
Bob Murphy reflects on the work of F.A. Hayek [7].
Here [8] – and then here [9] – are the next two installments in George Selgin’s important primer on monetary policy.
Greg Mankiw exposes ‘leftist’ and ‘rightist’ populist myths [10]. A slice:
When do you think manufacturing output reached its peak in the United States? The answer: right now. Manufacturing output achieved a record high [11] in the most recent quarter of data. The nation’s manufacturers are now producing 47 percent more than they did 20 years ago.
What has declined is manufacturing employment [12], which is 29 percent lower than it was 20 years ago. Producing more output with fewer workers is called higher productivity, which in turn is driven by technological innovation. This change is hard on displaced workers, but it is good for the economy over all. Rising living standards are possible only if productivity increases.