Economics Will Not Be Mocked

by Mario Rizzo A few years ago I read and studied in great detail Pope Benedict XVI’s encyclical on globalization “Caritas in Veritate” or “Charity in Truth.” I posted a three-part analysis on the doubtful economics contained therein at ThinkMarkets. The first part is about the destructive influence of the encyclical. The second part is … Continue reading Economics Will Not Be Mocked

Top Young Economists Consider Their Future

by Roger Koppl Ali Wyne of the big think  blog “Power Games”  recently posted an interesting set of comments on the theme “Empirics and Psychology: Eight of the World’s Top Young Economists Discuss Where Their Field Is Going.”  George Mason’s own Peter Leeson  was among the eight “top young economists” sharing their views. Over at … Continue reading Top Young Economists Consider Their Future

In Defense of the Koch Brothers and Academic Freedom

by Mario Rizzo Recently, there has been a ruckus, as discussed in today's Wall Street Journal,  over some grants to Florida State University from  Charles and David Koch to support professorships in economics. The objections seem to be that the Koch money will be used to support right-wing ideologues who, presumably, will indoctrinate the students. Furthermore, … Continue reading In Defense of the Koch Brothers and Academic Freedom

More Scholarship, Less “Science”

by Mario Rizzo Once upon a time, in a land far away from New York civilization, a famous economist told a good friend of mine that "we" need more scientists and fewer scholars in the economics profession. He was serious. This is the time of year that many Ph.D. dissertations are being defended in graduate departments of economcs. … Continue reading More Scholarship, Less “Science”

Update on Government and Science

by Bill Butos The New York Times of January 22 reports that the Obama administration has created a “billion-dollar government drug development center to help create medicines”  as part of the federally funded National Institutes of Health. According to the article, its rationale is to undertake research leading to the commercial development of drugs that … Continue reading Update on Government and Science

Predictably Rational: A Brilliant Book by Richard B. McKenzie

by Mario Rizzo  This is the time of the year that various publications recommend Christmas books or the best books of 2010. (I have never known what a Christmas -- or summer -- book is. Are they supposed to be light reading? I don't believe in reading "light." When I am in the mood for that, I watch TV.)  … Continue reading Predictably Rational: A Brilliant Book by Richard B. McKenzie

Further Thoughts on The Sensory Order

by Roger Koppl Over at Austrian Addiction, Dan D'Amico responds to my recent post on The Sensory Order.  Dan wants to know "what Hayek's theory of neuorscience is really adding here that a more basic understanding of subjective preferences does not already imply?"  Dan is not the only one with this question.  I think enthusiasts … Continue reading Further Thoughts on The Sensory Order