Book Review

Tabarrok focuses on four policy areas in which changes could yield very positive results. He kicks off the short eBook by focusing first on patent reform, noting that many areas of patent coverage (software, technical processes e.g.) have low innovation costs and, as such, are not worthy of patent protection. In fact, his recommended . . . → Read More: Launching The Innovation Renaissance by Alex Tabarrok

Economics of Women’s Progress

Gary Becker (link) and Richard Posner (link) discuss the economic perspective in the empowerment of women and the weigh costs and benefits of public policy aimed at the empowerment of women.

The Macroeconomic Effects Of Stimulus Spending

Robert Barro and Charles Redlick wrote an op-ed in WSJ (link) on their original paper (link) where they discuss the macroeconomic effects of fiscal stimulus and construct long-term time-series on U.S macroeconomic data to examine whether real GDP increases follows the spending multipliers and whether reductions in marginal tax rates, rather than spending increases, . . . → Read More: The Macroeconomic Effects Of Stimulus Spending

Distributism: A New Economic Philosophy for the Post-Crisis Age?

Thinkers on the Left blame the current financial crisis on the excesses of capitalism. Free-market partisans say it’s the government’s fault. Distributists say they’re both right, and their “third way” philosophy has a lot of appeal to the majority of Americans who are somewhere in the middle between socialism and laissez-faire, and yet recognize . . . → Read More: Distributism: A New Economic Philosophy for the Post-Crisis Age?

Are the economic rationalists in Canberra losing their marbles?

When Jim asked me whether I was an economic rationalist I thought he was just stirring. The term “economic rationalist” has been used mainly in Australia and doesn’t seem to be used much anywhere these days. I don’t think there were ever many people in Canberra who called themselves economic rationalists. Those of us . . . → Read More: Are the economic rationalists in Canberra losing their marbles?

Barack Obama: Eloquent but Unrealistic

The Audacity of Hope: Thoughts on Reclaiming the American Dream. By Barack Obama. Crown Publishers, 2006 (Hardcover) and Random House Audio, 2006 (CD). 384 pages. $25.00 (Hardcover) and $29.95 (CD).

In 2006, Democratic presidential candidate Barack Obama published The Audacity of Hope. I first encountered The Audacity of Hope as an audiobook read by . . . → Read More: Barack Obama: Eloquent but Unrealistic