Moral Culpability of Independent Contractors
| Peter Klein | Anita McGahan gave two fantastic talks last week on the economics and strategy of health care, including some work on intellectual property and pharmaceutical research and a larger...
View ArticleSDAE Conference
| Peter Lewin | This coming weekend in Washington DC, the Society for the Development of Austrian Economics will hold its annual meeting and membership dinner. This year it is honoring Leonard Liggio...
View ArticleRafe Champion at Missouri
| Peter Klein | It’s been fun hosting Australian writer (and frequent O&M commenter) Rafe Champion at Missouri the last couple of days. Rafe spoke to the economists about the philosophy of science...
View ArticleCharles Dickens, Capitalist
| Peter Klein | Did you know 2012 is the centenary of Charles Dickens’s birth? Dickens is often lumped with Carlyle, Shaw, Ruskin, etc. as a Romantic, Victorian, literary anti-capitalist. (Carlyle...
View ArticleReview of Allen’s Institutional Revolution
| Peter Klein | I wrote earlier about Doug Allen’s The Institutional Revolution (Cambridge University Press, 2011). Here’s a new EH.Net review by Mark Koyama. Institutions in Allen’s view minimize...
View ArticleThe Bizarro World of Professor Sen
| Peter Klein | Here is another of those head-scratchers, this one from Amartya Sen, about how neoclassical economics is partly responsible for the financial crisis because neoclassical economists...
View ArticleWith the Pols
| Peter Klein | Two years ago I was in D.C. on Hayek-Klein day and found myself on an elevator with Ben Bernanke, upon which I persuaded him to sing me a few bars of Happy Birthday. True story. This...
View ArticleLuigi Zingales Blogging on EconLog
| Peter Klein | Luigi Zingales, an important contributor to organizational economics as well as finance and macroeconomics, and frequently cited here at O&M, is guest blogging at EconLog. I’m...
View ArticleSocial Justice Quote of the Day
| Peter Klein | Hayek, interviewed in 1983 by Encounter: Hayek: “I regard ‘social justice’ as a nonsensical term….” Interviewer: “But do we have the concept of the ‘social market economy’?” Hayek: “May...
View ArticleCreativity and Property Rights
| Peter Klein | I haven’t been following the Cato Unbound debate on US copyright law, but Adam Mossoff directs me to Mark Schultz’s post, “Where are the Creators? Consider Creators in Copyright...
View ArticleHenderson on Business Ethics
| Dick Langlois | Rebecca Henderson, one of my favorite management scholars, has a new paper (with Karthik Ramanna) on – Milton Friedman and business ethics. Here’s the abstract. Managers and Market...
View ArticleKeynes in the Spotlight
| Peter Klein | As the Niall Ferguson kerfuffle begins fading from memory it’s worth revisiting the underlying issue: What kind of person was John Maynard Keynes, and (how) did his social, cultural,...
View ArticleMore AoM PDWs
| Peter Klein | There are too many good AoM sessions to mention them all — there’s even a Tweet Up for social-media freaks (hey, where’s the Insta-Slam?) — but I’ll mention two more Professional...
View ArticleSolution to the Economic Crisis? More Keynes and Marx
| Peter Klein | We’ve previously discussed attempts to blame the accounting scandals of the early 2000s on the teaching of transaction cost economics and agency theory. By describing the hazards of...
View ArticleNotes on Inequality
| Peter Klein | Everyone’s talking about inequality. I confess don’t find inequality terribly interesting, intrinsically. Of course, inequality that results from special government privilege — the...
View ArticleMicroeconomics of Central Banking
| Peter Klein | I have a chapter in a new book edited by David Howden and Joseph Salerno, The Fed at One Hundred: A Critical View on the Federal Reserve System (New York: Springer, 2014). My chapter is...
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