Among statisticians, economists, and business executives, “Big Data” is all the rage. Large and detailed data sets that, until recently, … Continue reading “#QTWTAIN: Will ‘Big Data’ make socialism possible?”

Continued from Part 2   Regardless of which individual is “playing this role” in society, we anticipate each will act … Continue reading “Price is the only language that everyone speaks (Part 3)”

Open, competitive markets have a resilient capacity to successfully coordinate the actions of billions of people around the world. With … Continue reading “Price is the only language that everyone speaks (Part 1)”

Continued from Part 2   This next book deals directly with this problem. It was a formative book for me … Continue reading “Nine books to understand the collectivist right (Part 3)”

Continued from Part 1   John T. Flynn The year 1944 also saw the publication of one of the greatest … Continue reading “Nine books to understand the collectivist right (Part 2)”

The fast and furious rise of the alt-right in Europe, the UK, and the US has caught many people intellectually … Continue reading “Nine books to understand the collectivist right (Part 1)”

It’s always an occasion of note when Paul Krugman says a true thing. And it has happened. “Given the powers … Continue reading “The US president should have fewer powers”

Now that this week’s solar eclipse mania is over, consumers who diligently shielded their eyes can refocus on a stark … Continue reading “The economics of the solar eclipse”

Economists don’t normally think of ourselves as having superpowers, but if we did, it would probably be the power to … Continue reading “An economist’s take on ‘Wonder Woman’”