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How to Spend a Billion Dollars: Best Answers, by Bryan Caplan

posted to EconLog on Mon 20th May 13

Thanks for all 115 answers to my "how to spend a billion dollars" challenge. Two general observations:1. When you claim that X is most efficient way for the federal government to spend an extra billion dollars, you should point to a large externality
Population Externality Bleg, by Bryan Caplan

posted to EconLog on Sun 19th May 13

Suppose a city's population exogenously rises. You might think that price theory clearly implies that demand for real estate will rise. But that's not so. In theory, higher population could generate a congestion externality so awful that demand
Values Every Scholar Should Adopt, by Art Carden

posted to EconLog on Sat 18th May 13

Jacob Levy directs readers to the Mission Statement of the Freedom Center at the University of Arizona. I agree that these are values to be emulated. While I sometimes allow the perfect to become the enemy of the good, I am constantly revising my class notes

How to Spend a Billion Dollars: Best Answers, by Bryan Caplan

posted to EconLog on Mon 20th May 13

Thanks for all 115 answers to my "how to spend a billion dollars" challenge. Two general observations:1. When you claim that X is most efficient way for the federal government to spend an extra billion dollars, you should point to a large externality
Population Externality Bleg, by Bryan Caplan

posted to EconLog on Sun 19th May 13

Suppose a city's population exogenously rises. You might think that price theory clearly implies that demand for real estate will rise. But that's not so. In theory, higher population could generate a congestion externality so awful that demand
Values Every Scholar Should Adopt, by Art Carden

posted to EconLog on Sat 18th May 13

Jacob Levy directs readers to the Mission Statement of the Freedom Center at the University of Arizona. I agree that these are values to be emulated. While I sometimes allow the perfect to become the enemy of the good, I am constantly revising my class notes