Normal people worry about technological unemployment. Economists keep telling them to relax, but to little avail. You can’t trust a coven of eggheads, can you? Rather than rehash the textbook arguments, let me propose an easy way for the public to test its own understanding.
Author: Bryan Caplan
Bryan Caplan is Professor of Economics at George Mason University and Senior Scholar at the Mercatus Center. He is the author of The Myth of the Rational Voter: Why Democracies Choose Bad Policies, named “the best political book of the year” by the New York Times, and Selfish Reasons to Have More Kids: Why Being a Great Parent Is Less Work and More Fun Than You Think. He has published in the New York Times, the Washington Post, the Wall Street Journal, the American Economic Review, the Economic Journal, the Journal of Law and Economics, and Intelligence, and has appeared on 20/20, FoxNews, and C-SPAN.
What’s Historic?
One of the main goals of history is to create enough psychological distance (and hindsight!) to sift the fundamental from the ephemeral. But doing this is easier said than done.
We Wanted Tech
“We wanted workers, but we got people instead.” This line from Max Frisch didn’t just give George Borjas the title of his most recent book. At last Friday’s immigration conference in St. Cloud, Borjas declared it his all-time favorite immigration epiphany. The point, he explained, is that immigrants aren’t just machines that produce stuff; they have broad social effects on our culture, politics, budget, and beyond.
Immigration and Redistribution: The Research to Trust
Evaluating the quality of research is laborious. Unless you re-do the whole paper yourself, how do you know the authors were not only truthful, but careful? Faced with this quandary, one of my favorite heuristics is to ask: Did the authors want to find this result? If the answer is No, I put a lot more credence into the results. In research as in the law, statements contrary to interest count more.
The Mighty Difference Between Immigration and Trade
International trade is a wonderful thing, but merely trading goods across borders has no blatant effect on the productivity of the workers who produced the goods. When a worker migrates from a low-productivity country to a high-productivity country, however, he becomes vastly more productive almost overnight.
A One-Page Hop from Bleeding Heart to Mailed Fist
“Drastic measures are needed to fight delinquency. First, I’d give a juvenile delinquent good advice. Second, if that didn’t help, I’d suggest going to the work farms, along with study. That way I’d gradually try to perfect the individual’s feelings and conscience. And finally, if the first two measures brought no improvement, I’d send him before the firing squad.”
Sorry, Innocent Bystanders
The world is full of problems, and most people want government to solve these problems. When government solves problems, however, they usually create some new ones. If you’re lucky, the victims of the new problems are the very bad guys who created the original problems. Serves them right! Yet more often, the victims of the new problems are innocent bystanders. They’ve done nothing wrong; they’re just caught in the crossfire.
A Short Hop from Bleeding Heart to Mailed Fist
When Hugo Chavez began ruling Venezuela, he sounded like a classic bleeding-heart – full of pity for the poor and downtrodden. Plenty of people took him at his words – not just Venezuelans, but much of the international bleeding-heart community. By the time Chavez died, however, many admirers were already having second thoughts about his dictatorial tendencies.
Government Needs No Money to Curtail Pollution
People often complain that government isn’t spending enough money fighting pollution. Even many economists repeat this complaint. That’s very odd, because standard market failure theory tells us that governments don’t need any money to fight pollution.
Why I’m Optimistic About Venezuela
If you’re too young to remember the collapse of Communism, this is a tiny taste of the sweetness of 1988-1991. When’s the last time you had reasonable hope of dramatic peaceful pro-freedom change in the world?