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My Prime Ten EconLog Posts of 2024

by Index Investing News
January 3, 2025
in Economy
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I’ve by no means tried this earlier than, however I assumed I might attempt to provide you with what I consider as my prime 10 EconLog posts in 2024. I received it whittled down to fifteen after which made some considerably arbitrary exclusions.

Right here they’re. In all however one occasion, I give an excerpt.

The Wall Avenue Journal’s Deceptive Subhead About Oil Corporations

November 23, 2024.

After I wrote this, I used to be working from the digital model of the Wall Avenue Journal as a result of my print model comes with a lag. I had no concept that this was the front-page article after I wrote my critique, a undeniable fact that makes me glad that I wrote it. Its prominence on the web page makes it a good greater deal than I had thought.

 

Ought to You Be a Faculty Professor?

November 18, 2024.

Excerpt:

Even when the overwhelming majority of faculties and universities are past salvation, that doesn’t imply all faculties are. And it doesn’t imply that even these past salvation can’t have good niches.

 

Thomas Gale Moore RIP

October 29, 2024.

Excerpt:

Tom was one of many early advocates of deregulation. At a discussion board on inflation held by President Ford in 1974, Tom circulated an announcement calling for deregulation of transportation, airways, vitality, and quite a few different sectors. (I’m going by reminiscence right here. The copy he gave me was destroyed in my 2007 workplace hearth.) As I recall, he received the overwhelming majority of economists, a bunch that included many Democrats in addition to Republicans, to signal the assertion.

 

Are Intercourse Employees Essentially Engaged in Trafficking?

October 14, 2024.

Excerpt:

Observe the disgusting irony. We’re instructed to look out for intercourse traffickers as a result of that may scale back the variety of individuals pressured into prostitution. But when we cooperate, we would nicely be serving to the police use power towards harmless non-coercive individuals.

 

NBA Gamers’ Common Peak and Canada’s Fall in Actual GDP Per Capita

October 8, 2024.

Excerpt:

However right here’s a back-of-the-envelope try. The variety of NPRs in Canada rose from 3.5% of the inhabitants in 2022 to six.5% by January 2024. That’s a 3.0 share level enhance. As a result of these NPRs have been disproportionately college students and since those employed have been disproportionately in low-productivity jobs, a beneficiant assumption, I imagine, is that they raised GDP by 1.0% over these 2 years. So if, all else equal, the numerator, GDP, rises by 1.0% and the denominator, the variety of individuals, rises by 3.0%, GDP per capita will fall by 2.0%. Briefly, these non-permanent residents convey down GDP per capita. However the remainder of Canada could possibly be experiencing a rise in GDP per particular person.

 

Subsidies to the Press Endanger Free Speech

September 12, 2024.

Excerpt:

Freedom of the press in Canada is dying. And, as Noormohamed’s threatening tweet factors out, silencing critics of the federal government is likely one of the foremost functions of presidency subsidies.

 

Bryan Caplan Understates Case for Immigration

August 21, 2024.

Excerpt:

With all its imperfections and authorities boundaries, America nonetheless has one of the vital important dynamic economies on this planet. Potential inventors right here have others close to them to work with: assume Silicon Valley. So if the federal government had prevented a considerable variety of them from immigrating, it could have prevented a considerable quantity of innovation, and American customers, together with different customers, would have been disadvantaged of features from innovation.

 

Army Age Males

April 16, 2024.

Excerpt:

So why do they seek advice from immigrants as “military-age males?” I feel it’s to subtly plant within the listeners’ minds the worry {that a} hostile international authorities is sending these males right here to assist them take over or at the least one way or the other undercut American society.

May a considerable % of those military-age males be precise army personnel, however in disguise? Positive, they may. But it surely appears unlikely.

Occam’s Razor applies right here.

The more-likely rationalization is that they need to get the hell in a foreign country they’re from as a result of this nation (the US) is a lot much less oppressive and so significantly better in different methods. In truth, it wouldn’t be completely stunning if a few of these military-age males have been fleeing conscription. That was a robust motivator for his or her counterparts who got here right here between 100 and 150 years in the past.

 

Being pregnant Discrimination Act Reduces Girls’s Financial Freedom

April 12, 2024.

Excerpt:

At any time when the federal government interferes with contracts between employers and workers, it reduces the liberty of either side. Take the PDA. One can actually think about a married girls who would need the liberty to contract with an employer who doesn’t supply a being pregnant profit. Why? The obvious cause is that she may not need to get pregnant. The profit, then, would seem like of no worth to her. But it surely’s worse than that. Though the profit is of no worth, there’s a price. There’s no such factor as a free lunch, and employers, if pressured to supply this profit, will determine methods to cut back pay (both in {dollars} or in different advantages) for girls, particularly married girls, of child-bearing age.

 

How Timur Kuran Modified My Pondering

January 13, 2024.

Excerpt:

Hardly ever do I depart a convention pondering exhausting about an concept I simply heard. However his paper caught with me. It helped resolve a problem that I had been excited about for a few many years.

The problem was this: why does the grownup world appear extra like highschool than I had anticipated after I was in highschool?

Even after I was very younger, I used to be not very hesitant to state my views. However in highschool, I observed that there could possibly be robust social sanctions towards me (fortuitously, in need of threatening my life, which occurred solely as soon as) if I said unpopular views.

 

Observe: The accompanying pic is of Timur Kuran.



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