Cato on Campus - Economics

Norberg on Open Trade

Tue, 19 Aug 2008 17:44:00 EDT

"Here's the eloquent, wise, and learned Johan Norberg -- speaking recently at the Cato Institute -- explaining some of the benefits of open markets." - Donald Boudreaux, Chairman of the Department of Economics at George Mason University

Poverty and Economy in Mugabe's Zimbabwe

Thu, 14 Aug 2008 09:35:00 EDT

A new, deeper poverty has gripped Zimbabwe and the formal economy has utterly been destroyed under the rein of Robert Mugabe. Rejoice Ngwenya, head of the Zimbabwean Coalition for Market and Liberal Solutions, discusses the realities of life in Mugabe�s Zimbabwe.

Keeping Our Cool: What to do About Global Warming

Tue, 12 Aug 2008 11:56:00 EDT

By Jim Manzi: "The loss of economic and technological development that would be required to eliminate literally all theorized climate change risk would cripple our ability to deal with virtually every other foreseeable and unforeseeable risk, not to mention our ability to lead productive and interesting lives in the meantime."

Economics Does Not Lie

Thu, 07 Aug 2008 09:37:00 EDT

By Guy Sorman: "If economics is finally a science, what, exactly, does it teach? With the help of Columbia University economist Pierre-Andr� Chiappori, I have synthesized its findings into ten propositions. Almost all top economists�those who are recognized as such by their peers and who publish in the leading scientific journals�would endorse them (the exceptions are those like Joseph Stiglitz and Jeffrey Sachs, whose public pronouncements are more political than scientific)."

Swedish Myths and Realities

Wed, 06 Aug 2008 15:03:00 EDT

"Johan Norberg, author of In Defense of Global Capitalism, sits down with reason.tv's Michael C. Moynihan to sort out the myths of the Sweden's welfare state, health services, tax rates, and its status as the 'most successful society the world has ever known.'"

Bryan Caplan on Voter Irrationality

Tue, 05 Aug 2008 16:00:00 EDT

Bryan explains the Miracle of Aggregation, shows that its key assumption doesn't hold up empirically, then focuses on systematically biased beliefs about economics.

Greasing the World Economy Without Doha

Mon, 04 Aug 2008 18:12:00 EDT

By Daniel J. Ikenson: "The Doha trade round died a thousand deaths long before this week. But outside the bureaucracies in Geneva, Brussels and Washington, few are grieving because the world economy has moved on."

New on Free Will: Bruce Caldwell on Hayek

Tue, 15 Jul 2008 15:44:00 EDT

"This week, I talk with Bruce Caldwell, author of Hayek�s Challenge, a wonderfully lucid, comprehensive, and penetrating account of the development of Hayek�s economic and methodological ideas. Hayek is one of my enthusiasms, so I had a great time talking to Bruce, who knows as much about Hayek as anyone." - Will Wilkinson

Don't Shed a Tear Over Bid for Beer

Tue, 15 Jul 2008 10:54:00 EDT

By John D. Burger: "An unsolicited bid by the Belgian-Brazilian conglomerate InBev to take over Anheuser Busch has set off a backlash among the American public. Protesters of the proposed deal are relying on patriotic slogans such as "Keep Budweiser American" in an attempt to rally the masses against the originally friendly but increasingly hostile takeover bid. I find this reaction terribly embarrassing."

FARC Politics, FARConomics

Mon, 07 Jul 2008 19:48:00 EDT

By Ibsen Martinez: "Shortly after noon, on Wednesday, I finally sat down to write my monthly column when I received news that 15 hostages, including three U.S. defence contractors, held for years by the Revolutionary Armed Forces of Colombia, or FARC, the infamous drug-trafficking guerrilla, branded a terrorist organization by the United States and European Union, had been rescued by a successful army operation. Most eminent among the hostages was the 46-year-old former presidential candidate Ingrid Betancourt."

Munger on the Political Economy of Public Transportation

Mon, 07 Jul 2008 19:39:00 EDT

"Mike Munger and Russ Roberts deliver one of the best podcasts ever. Munger describes the way in which moving from a private bus system to a public system in Santiago Chile made essentially everyone in the city worse off. The puzzle that Roberts keeps pushing Munger to resolve is why the political incentives do not work to abolish the public system and revert to a private system." - Bryan Caplan

Tyler Cowen on Bloggingheads.tv

Wed, 25 Jun 2008 15:34:00 EDT

"The chat covers many topics, including whether capitalism will triumph, whether you should have more kids, and which country is most likely to be hit by the next nuclear weapon attack."

Mexicans and Machines: Why It's Time To Lay Off NAFTA

Wed, 25 Jun 2008 15:13:00 EDT

"Like technology, trade gives us more good stuff than bad�yet Americans are likely to cheer technology and fear trade. No doubt TV talkers and White House wannabes will keep stoking our fears of foreigners until voters and viewers stop buying it�or until robots snag their jobs, too."

From Breadbasket to Basket Case

Tue, 24 Jun 2008 09:38:00 EDT

By Mary Anastasia O'Grady: "As the presidential campaign drones on, Barack Obama and the Democrats are fleshing out the promise of "change" with some specific, big-government policy proposals. Many are familiar, perhaps because they already have been tried � in Argentina."

The Klein Doctrine: The Rise of Disaster Polemics

Mon, 16 Jun 2008 17:49:00 EDT

By Johan Norberg: "To make her case, Klein exaggerates the free-market reforms that take place in times of crisis, often by ignoring central events and rewriting chronologies. She uses loose metaphors and wild distortions to claim that free markets are a form of violence. She confuses libertarianism with corporatism and neoconservatism and blames Milton Friedman for encouraging reform by stealth. To do so, she engages in one of the most malevolent distortions of a thinker that has been done in a major work in recent years."

In Defense of "Sweatshops"

Tue, 03 Jun 2008 12:20:00 EDT

Benjamin Powell: "Because sweatshops are better than the available alternatives, any reforms aimed at improving the lives of workers in sweatshops must not jeopardize the jobs that they already have."

Kidneys for Sale: Iranian Organ Donation

Tue, 13 May 2008 13:19:00 EDT

By Kerry Howley: "'What can Iran teach us about good governance?' is not a question often posed in Washington. But according to Benjamin Hippen, a transplant nephrologist in North Carolina, the Iranians have managed to do something American policy makers have long thought impossible: They�ve found kidneys for every single citizen in need."

Everyone in Favor, Say Yargh!

Mon, 12 May 2008 15:34:00 EDT

By Joanna Weiss: "Long before they made their way into the workings of modern government, the democratic tenets we hold so dear were used to great effect on pirate ships. Checks and balances. Social insurance. Freedom of expression. So Leeson, an economics professor at George Mason University, will argue in his upcoming book, The Invisible Hook: The Hidden Economics of Pirates."

American Idol and Poverty

Tue, 06 May 2008 18:10:00 EDT

Ed Crane, President of the Cato Institute, suggests that celebrities take a good look at how to help the poor of the world create their own wealth.

Fairness, Idealism and Other Atrocities

Mon, 05 May 2008 11:38:00 EDT

By P.J. O'Rourke: "Well, here you are at your college graduation. And I know what you're thinking: 'Gimme the sheepskin and get me outta here!' But not so fast. First you have to listen to a commencement speech."

Bernstein on the History of Trade

Thu, 01 May 2008 09:18:00 EDT

"William Bernstein talks with EconTalk host Russ Roberts about the history of trade. Drawing on the insights from his recent book, A Splendid Exchange: How Trade Shaped the World, Bernstein talks about the magic of spices, how trade in sugar explain why Jews ended up in Manhattan, the real political economy of the Boston Tea Party and the demise of the Corn Laws in England."

Profit: Not Just a Motive

Wed, 23 Apr 2008 17:57:00 EDT

By Steve Horwitz: This article "explores the problems with the frequent argument on the left that we should 'take the profit motive out' of various activities and industries, especially health care."

Bail Bondsmen, Bounty Hunters and Private Prisons

Tue, 22 Apr 2008 09:21:00 EDT

"America�s free enterprise system is at work in many aspects of the criminal justice system. Profit-making bail bondsmen who help defendants post the money needed for their freedom pending trial are common in the U.S. but virtually unheard of across the rest of the world. Bounty hunters lured by big payouts find criminals who have previously eluded the police. And private companies are building and operating prisons and detention facilities."

Roberts on the Least Pleasant Jobs

Mon, 21 Apr 2008 14:33:00 EDT

"EconTalk host Russ Roberts talks about the claim that for capitalism to succeed there have to be people at the bottom to do the unpleasant tasks and that the rich thrive because of the suffering of those at the bottom. He critiques the idea that capitalism is a zero sum game where to get ahead, someone has to fall back. He also looks at the evolution of the least pleasant jobs over time and how technology interacts with rising productivity to make the least pleasant jobs more pleasant."

Fuel vs. Food

Thu, 17 Apr 2008 10:04:00 EDT

By Indur M. Goklany: "In recent years, we've heard that climate change could be catastrophic for nature and humanity. But it's becoming increasingly evident that over the next few decades, climate-change policies could prove even more catastrophic."