Is the education system really a waste of time and money, as my new book claims right on the cover? This is a strange topic to debate with Eric Hanushek. Why? Because if Hanushek had absolute power to fix the education system, education might actually be worth every penny. Hanushek is famous for focusing on what schools teach rather than what they spend – and documenting the vast disconnect between the two. If you haven’t already read his dissection of “input-based education policies,” you really ought to. Hanushek, more than any other economist, has taught us that measured literacy and numeracy are socially valuable – but just making kids spend long years in well-funded schools is not.
Tag: class
The Economics of Law, Order, and Action
My book The Economics of Law, Order, and Action: The Logic of Public Goods is now available for purchase. Its primary purpose is to provide a comprehensive challenge to the standard position of the economic and political mainstream, according to which efficient production of so-called public goods, including law and defense, requires the use of territorial monopolies of coercive force.
“Peace Through Strength” Is a Racket
“I’m going to make our military so big, so powerful, so strong, that nobody — absolutely nobody — is gonna to mess with us,” Trump says. On other occasions he’s said similar things: “We want to defer, avoid and prevent conflict through our unquestioned military strength” (same link) and, a year ago, “Nobody is going to mess with us. Nobody. It will be one of the greatest military build-ups in American history.”
The Transition from Slavery to Freedom
I sometimes hear people, including freedom advocates, pondering how society might “transition” from an authoritarian system to a stateless society. The implication is that there could be some sort of gradual, peaceful phasing in of freedom, and a phasing out of governmental controls. But that is not how things works, and not how things will ever work.
Roving Bandit, Stationary Bandit, and Income Tax
When a mugger or a home invader accosts you, he points a gun at you or waves a knife in your face and demands your wallet or some other property. In most cases, if you surrender your property to him as he demands, he takes it and flees, and you will most likely never see him again. He is, in the classic phrase, the roving bandit. In contrast, the state is, in Mancur Olson’s classic term, the stationary bandit.
Words Poorly Used #129 — Specialization
There is no single task in making a pencil that requires rocket science, but there are lots of tasks that require the opportunity to do something in an optimum return situation. A lone pencil maker would have to switch jobs and be proficient in each. But in the real world it is not practical for the person who harvests the wood to also fashion the lead and to formulate the paint and affix the eraser.
Raining on the Parade
Some people have proposed that Trump’s parade be postponed until all the wars the U.S. government is waging are finished and the troops are back home. That would indeed be an indefinite postponement, and I wouldn’t want to see a parade even then. But if that’s the price for ending those imperial wars, I’ll take it.
For Preventing Abuse, Public Schools Are Not a Good Model for Homeschooling
Horrific crimes and violent acts tug at our collective heartstrings. When other humans are harmed, we rightfully feel empathy and anger. We should use these moments as opportunities for reflection and conversation, but we should be careful to not make policy based on emotion. Some are using the egregious case of alleged child abuse by a California family charged with starving and torturing their children in a so-called private school to call for greater regulation of all homeschooling families.
When Does Action Become Aggression?
Benjamin Franklin said, “An ounce of prevention is worth a pound of cure.” I consider that apropos on the question of how to prevent unwanted albeit non-aggressive actions by others as it concerns our property. I predict that in a totally free society, security will be a higher expense on our personal financial statements than will be reactionary force or violence.
Partitions IX — Abstract
As a software engineer, I learned that there are only two things that you can do with entities, combine them or separate them, sort them or collect them. In the real world, one has a third option, leave them alone. This works well as long as there is no principled reason to engage with them.