Tag: Arnold Kling
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Measuring Inequality: On Using Snapshots When Only Video Will Do
When it comes to understanding inequality, the debate is frequently burdened with many misunderstandings about data. When talking about wealth inequality, we see statements like "85 people own more wealth than the bottom half of humanity." Wealth is routinely misunderstood to mean money and things someone owns. It isn't. Wealth is someone's total assets minus…
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Why Large Corporations?
askblog: Why Large Corporations? – Arnold Kling Kling writes: … Some possibilities: 1. Governments want them. Surely, from a "seeing like a state" perspective it is better to have large corporations that are dependent on favors than small firms that are not. 2. There are genuine economies of scale and scope, including network effects. 3.…
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Being Uncharitable to Those Who Disagree
Arnold Kling is a libertarian economist who blogs at askblog. His tagline for his blog is "taking the most charitable view of those who disagree." In a recent post, Being Uncharitable to Those Who Disagree, he began with: In his recent book, Libertarianism: What Everyone Needs to Know, Jason Brennan writes, American politics has two…
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The Conservative, the Progressive, and the Masonomist
Econolog: The Conservative, the Progressive, and the Masonomist Tyler Cowen Writes, Insofar as I am conservative (debatable) I would rewrite the definition: A realization that we will do best by building on the strengths of the particular habits, mores and institutions of the United States (and other successful nations) rather than trying to reshape the…
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What is a Market Economy?
Econolog (Arnold Kling): What is a Market Economy? … It could be that my views of economic history are colored by ignorance. But one thing that is going on is that I have a very strict definition of a market economy. 1. Are most goods and services you consume (a) produced in large part by…
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Another Parable (Free Trade)
Econolog: Another Parable (Arnold Kling) The challenge is to make an argument for free trade in terms that everyone can understand. Perhaps a parable is in order. Perhaps we could start with "Once upon a time," and describe an economy that works like ours today. But we decide that free trade has gone too far.…
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“Proposals for Health Care Stasis” Arnold Kling
EconLog: Proposals for Health Care Stasis by Arnold Kling Now that Hillary Clinton has released her health care plan, it occurs to me that "health care reform" has become an Orwellian term. Her proposal, like those of other Democrats, would take our existing form of health insurance–what I call insulation –and try to extend it…