My personal view is that the broad social effects of international trade, technological progress, and immigration are all, on balance, positive. For immigration, I’ve done my homework; for trade and tech, however, I’m only guessing.
Category: Economics and Liberty
Historically Hollow: The Cries of Populism
The populists of our Golden Age are loud and furious. They’re crying about “monopolies” that deliver firehoses worth of free stuff. They’re bemoaning the “death of competition” in industries (like taxicabs) that governments forcibly monopolized for as long as any living person can remember.
Monetize Your Anger
Critics of the economics profession often accuse us of “knowing the price of everything and the value of nothing.” But economists also often antagonize a far larger group – ordinary people who barely realize our profession even exists. How? By asking about Willingness To Pay (WTP).
£s for Brexit
Since I think that Brexit is a bad idea, why am I telling its advocates how to proceed? Because I know Brexiteers won’t listen – and even if they did, the EU wouldn’t budge. While I can understand the failures of politics, I have near-zero ability to solve them. Not coincidentally, this is precisely what my view predicts.
Martial Negligence in Game of Thrones and Beyond
Why do even well-intentioned leaders so carefully plan for war, and so negligently plan for peace? Simple: Despite their self-righteousness, they’re drunk with power. Well-intentioned? Don’t make me laugh. Yes, with great power comes great responsibility… which politicians routinely fail to exercise in reality and Westeros alike.
In Sync: How Business Responds to Gratis Government
Whenever people criticize government provision of a product, clever analysts often demur that private suppliers who compete with government have exactly the same problems.
The Universal Basic Income: Newly Contentious
The main reason why classical liberals smile upon the UBI, I fear, is its elegant simplicity. If we adopt one straightforward poverty program, we can rid ourselves of all the rest. Unfortunately, as my presentation explains, the UBI’s cost is exorbitant, the side effects are awful, and the moral justification is ultimately flimsy.
Why is Immigration a “Contentious Issue in Classical Liberalism”?
“Contentious Issues in Classical Liberalism” was the theme of this year’s Mont Pelerin Society. This gave me a chance to explore a major puzzle: Sociologically, immigration clearly deserves to be on the agenda. After all, many people otherwise sympathetic to human freedom and free markets support even more immigration restrictions than we already have. Intellectually, however, it’s hard to see why.
War for Poverty
When a country is mired in poverty, violent revolution is the most emotionally appealing remedy. So cinematic. Since the powers that be almost never agree, any call for violent revolution is, in practice, a call for civil war. But how well does the “remedy” of civil war actually work?
“Socialism”: The Provocative Equivocation
The socialists are back, but is it a big deal? It’s tempting to say that it’s purely rhetorical. Modern socialists don’t want to emulate the Soviet Union. To them, socialism just means “Sweden,” right? Even if their admiration for Sweden is unjustified, we’ve long known that the Western world contains millions of people who want their countries to be like Sweden. Why should we care if Sweden-fans rebrand themselves as “socialists”?