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Some Links

Tweet [1]

Matt Ridley laments the juvenile attachment to virtue signaling [2].

Speaking of costs and distractions of virtue signaling, if you really want to reduce gun violence, press for an end to the so-called “war on drugs. [3]

Are Thomas Piketty’s data reliable? [4]

John Tamny busts mercantilist myths about the consequences of government subsidies [5].

Here’s the opening paragraph to a recent, superb essay by Mike Munger [6]:

People sometimes ask me, “What is the most important concept in political economy?” The answer is easy, but subtle: permissionless innovation, a strong presumption in favor of allowing experimentation with new technologies and with new business platforms that use those technologies. A lot has been written about why this vague concept is so powerful (my own go-to source is Adam Theirer’s Permissionless Innovation [7]).

Gary Galles celebrates the work of Benjamin Constant [8].

In this video, GMU Econ alum (and Hillsdale College economics professor) Ivan Pongracic discusses public choice [9].

Scott Sumner identifies a cognitive bias in some behavioral economists (as well as in some New York Times pundits) [10].