Cafe Hayek

People Harmed by Capitalism or by "Green" Policies? (by Don Boudreaux)

Indur Goklany's 2007 book, The Improving State of the World, is impressively fact-packed and well-argued. I recommend it highly. I recommend also his op-ed appearing in today's edition of the New...

Capitalism or "Green" Policies Harming People? (by Don Boudreaux)

Indur Goklany's 2007 book, The Improving State of the World, is impressively fact-packed and well-argued. I recommend it highly. I recommend also his op-ed appearing in today's edition of the New...

Dangerous Expansion of the Fed's Power (by Don Boudreaux)

Bill Shughart has here a second essay, published by The Independent Institute, on the unjustified and dangerous recent expansion of the powers of the Federal Reserve. A selection: By signing...

Manufacturing and Employment (by Don Boudreaux)

From Robert Samuelson's column in today's Washington Post: From 1998 to 2007, total non-farm payroll employment [in the U.S.] rose 12 million, and unemployment averaged only 4.9 percent -- despite...

Shughart on Bailouts (by Don Boudreaux)

My former GMU colleague (now at the University of Mississippi, and a Senior Fellow at The Independent Institute) Bill Shughart wrote this important warning about government-funded and directed...

Mark Perry on Krugman and the Jobless Rate (by Don Boudreaux)

Carpe Diem's Mark Perry carefully investigates and clearly explains -- much better than I do here -- the likely source of Paul Krugman's mistaken claim, in yesterday's New York Times, that "the...

Krugman's Peculiar Sense of History (by Don Boudreaux)

Paul Krugman makes a claim in his column (appearing in today's New York Times) is both wrong and grotesquely misleading. The column expresses the familiar theme that ordinary Americans are suffering...

Coyle on the soulful science (by Russell Roberts)

Diane Coyle talks about her book, The Soulful Science, in the latest episode of EconTalk. It's a very nice overview of the state of economic research today. And while I think she is overly confident...

Rewarding Bad Behavior (by Don Boudreaux)

Reading Larry Ribstein's excellent Ideoblog today, I was alerted to this report in yesterday's Wall Street Journal. Reading this report prompted me to send the following letter to the WSJ: To the...

Reward Bad Behavior (by Don Boudreaux)

Reading Larry Ribstein's excellent Ideoblog today, I was alerted to this report in yesterday's Wall Street Journal. Reading this report prompted me to send the following letter to the WSJ: To the...