Monthly Archives: September 2011

What’s a euvoluntary transaction?

According to standard economics, a voluntary transaction benefits both the buyer and the seller (in expectation, anyway). Yet there are many transactions that are widely condemned, and even banned–if they occur at the market price. Consider the following examples: vote … Continue reading

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Size and freedom

I know this is old news, but… So, the latest rankings of countries by economic freedom┬áhave come out, and it looks like the US has dropped a bit. Based on 2009 data, the US has gone from sixth place to … Continue reading

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Russ did it first

It turns out that Russ Roberts had a post explaining the broken window fallacy just before I did! That guy is so smart. By the way, you ought to check out his podcast, EconTalk. Russ is a fair and careful … Continue reading

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Bring the boys back home

Michele Bachmann has agreed to do various things to entrench in legislation the conservative vision of family. In particular, in July she signed this pledge, a copy of which has so helpfully obtained. What strikes me about it is … Continue reading

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Destruction destroys

tl;dr: Effort expended to re-divide the pie is wasted effort, from the impersonal perspective of economic efficiency. I know! It’s paradoxical, but it’s true. And yet folks (including this blogger) don’t always apply it. The other day I had a … Continue reading

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Triumphant return

I’m finally back from my vacation. I spent some time in the old country, and then moved on to one I’d never visited before (in Scandinavia). I realized something about myself on this trip. I don’t actually like museums! For … Continue reading

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