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Recent The GMU Mafia: Economic Professor Blogs

See the Tragedy of the Commons

Posted from Marginal Revolution 5 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

In 2000 Zimbabwe began to forcibly redistribute land from private but predominantly white-owned commercial farms to much poorer black farmers who toiled on communal lands. Stunning pictures from Google Earth collected by Craig Richardson show the result. Take a look... (original story)

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How much of the world is in a liquidity trap?

Posted from Marginal Revolution 5 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

Presumably in response to Scott Sumner, Paul Krugman writes: And by that criterion, how much of the world is currently in a liquidity trap? Almost all advanced countries. The US, obviously; Japan, even more obviously; the eurozone, because the ECB... (original story)

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The Spread of Szaszian Economics

Posted from EconLog: Library of Economi... 5 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

(March 17, 2010 03:30 PM, by Bryan Caplan) I was thrilled to publish "The Economics of Szasz" in Rationality and Society, and even more thrilled to win a Szasz Prize as a result. But I can't say the paper had much influence on the economics profession. I'm very... (original story)

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Assorted links

Posted from Marginal Revolution 5 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

1. OMB greenlights more awards and prizes. 2. Reading Uwe Johnson. 3. Game show of torture and Milgram. 4. Markets in everything: pre-owned cryogenic equipment. 5. Very good new Tony Judt interview (and more on Judt here). (original story)

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The Harvard thesis that everyone is talking about

Posted from Marginal Revolution 6 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

You can find it here, described here, and hat tip to Greg Mankiw and Scott Cunningham. (original story)

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Obamacare Market

Posted from EconLog: Library of Economi... 6 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

(March 18, 2010 12:21 AM, by Bryan Caplan) Can anyone explain what happened in the Obamacare betting market over the past 24 hours? Why did it fall from near 70, close at 35.1, then rebound to 65.1?... (original story)

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My Book List

Posted from EconLog: Library of Economi... 6 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

(March 18, 2010 12:20 AM, by Bryan Caplan) The fifteen books that influenced my thinking the most, in chronological order:1. Friedrich Nietzsche, Thus Spoke Zarathustra. While I ultimately didn't learn much of substance, this book got me very excited about about ideas. Nietzsche's vision... (original story)

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The Case for Competitive Government

Posted from EconLog: Library of Economi... 6 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

(March 18, 2010 08:50 AM, by Arnold Kling) Tim Harford writes, What is missing is the political demand for tests of what really works. Too many policies on education, welfare and criminal justice are just so much homeopathy: cute-sounding stories about what works leaning more on faith than... (original story)

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If Relative Wealth is So Ethically Relevant, Then Toyota Should be Applauded

Posted from Cafe Hayek 8 hours ago
Economy News and Market : The GMU Mafia: Economic Professor Blogs

Here’s a letter to the New York Times: Bob Herbert frequently flaunts his Moral Superiority – his uncommon compassion for the downtrodden, his unflagging sensibility to the self-serving excuses of the greedy who profit at the expense of the oppressed, and his ethically refined awareness that the wealthy have responsibilities to help the poor. So I was [...] (original story)

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