The tactics, tools, and powers you grant to the Border Patrol are likely to be turned against American citizens via domestic law enforcement.
Or so I argue in this working paper, available at
@SSRN
.
Lin Ostrom was the only woman to win the Nobel in econ. Divorced her 1st husband when he didn't want her to get a PhD. Did her PhD in poli sci when the econ department rejected her based on her gender. Her research changed how we think about institutions, the commons, and more.
Please name a female academic (current, retired, or deceased; well-known, or unknown; any discipline; any country) whose story inspires you, and explain why you find her inspirational. (I am in the mood for inspirational stories.)
Joseph Stiglitz on why he is not a YIMBY.
But simply noting the externalities of construction is not enough to justify zoning laws.
You need to compare the negative externalities of construction to the negative externalities of zoning itself!
Today would be Ludwig von Mises's (1881-1973) 140th birthday.
He was an incredibly important & prolific economist, so I cannot condense all of his important contributions into a single thread.
Still, I want to recommend a few pieces by and about Mises. (1/11)
Easily the worst thing about economics is the "let's put Nobel prize winners on a pedestal and pretend they're experts about everything for the rest of their lives" phenomenon.
I see a lot of discourse about "open borders" happening on here.
So I'll do a brief 🧵with some links to sources that present arguments for open borders.
Immigration restrictions are among the most harmful forms of state coercion, and free movement is very important.
Also, as
@bryan_caplan
notes, there are also significant positive externalities to having more neighbors!
Given that people are often willing to pay more to live in major cities, we have good reasons to think the positive externalities often outweigh the negative externalities.
Elinor Ostrom was the first woman to win an economics Nobel.
Today, Claudia Goldin became the third woman to win the prize.
Like Ostrom, Goldin relies on a wide range of data sources & empirical methods. She carefully considers institutions, narratives, and norms.
1/
"Humans are neither all angels nor all devils."
Elinor Ostrom's work challenged economists' previous ideas about sharing and cooperation.
Her work gives us hope that we can have a more sustainable future. The 2023 prize in economic sciences will be announced later today.
This clip really showcases the duality of Stiglitz as an economist.
When he discusses Georgism he's drawing on his own scholarly work & then thinking carefully about implementation challenges.
On zoning, he just notes a market failure & treats that as enough to justify zoning.
Today I defended my dissertation on "Institutional Diversity and the Economics of Security"! Thank you so much to
@ccoyne1
, who chaired my dissertation committee, as well as my other outstanding and helpful committee members
@PeterBoettke
& Bobbi Herzberg!
Happy birthday to the late Ludwig Lachmann!
Lachmann, born February 1st, 1906, would have turned 116 this year.
This radical subjectivist economist was a major figure in the Austrian school of economics, and he made important contributions to economic theory. 🧵
1/13
Innovation has drastically improved human well-being. It's therefore important to investigate which institutions best promote innovation. In a new working paper, forthcoming at
@_PublicChoice
,
@Otto_Lehto
& I explore that question.
A thread 🧵 1/
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
― Adam Smith
Key Florida House and Senate committees have voted to ban cultivated meat. The ban is ostensibly about consumer protection & public health.
Here's a photo of the diverse array of consumer & health advocates lobbying for the bill. (H/t
@DrFarazHarsini
)
The tactics, tools, and powers you grant to the Border Patrol are likely to be turned against American citizens via domestic law enforcement.
Or so I argue in this working paper, available at
@SSRN
.
The accuracy of a social scientific theory does not hinge on the moral character of those who developed it.
Sometimes bad people offer useful or illuminating analytical tools.
We are more likely to fall into error if we reject those tools out of a desire for moral purity.
In 2023, I published 7 peer reviewed papers & one book chapter. I also put out two additional working papers that my coauthors & I still aim to publish in peer reviewed journals.
There's some good points in AOC's thread, though I don't agree with all of it.
It's important to recognize just how much of our contemporary economy is a result of state interventions that privilege those who are already wealthy & well-connected.
So here's a 🧵on all that.
Many folks run around claiming to be “free-market” capitalists, but what they actually are is captured market capitalists, using subsidies + restrictive policy to hold us hostage to fossil fuels, for-profit healthcare/housing, etc that many wouldn’t choose if they had the choice
By age 30 you should be able to do comparative institutional analysis using concepts like transaction costs, rent seeking, principal agent problems, collective action, selective incentives, and polycentricity.
"collective action problems can only be solved by a state bureaucracy"
No. People in many different contexts, from communities of natural resource users to dissidents in social movements, solve collective action problems without relying on state bureaucracy.
@sp6runderrated
collective action problems can only be solved by a state bureaucracy. People don't like to think of the common good. The lack of coordination that this decision will beget is going to have serious consequences, sadly.
@hottubforhire
@ggreenwald
What has Biden done to make up for this? Has he been staunchly advocating legalization/decriminalization of all drugs and an end to mandatory minimum sentences lately? If so, that's a good start.
As
@kenklippenstein
says, "security for a large event makes sense, but does the federal government really need to be involved, and to this extent?"
An illustrative example of DHS & CBP mission creep.
We created this page to oppose the disproportionate incarceration of minorities for firearm offenses, police killing gun owners like Philando Castile, and the harm caused by mandatory minimum sentences for gun crimes (like possessing a gun while committing a drug offense).
@cafreiman
There's a certain type of "left-wing" person who would rather support policies that brutally oppress marginalized people than admit a Koch-funded libertarian has ever been correct about something.
Yet another opportunity for me to post
@PeterBoettke
,
@ccoyne1
, & Peter Leeson's excellent paper "Earw(h)ig: I can't hear you because your ideas are old," which directly responds to this type of argument.
It's time to say it again:
There is no need to read the classics because the textbook treatments of their ideas are perfectly sufficient.
Have you ever met a physicist who said that you should read Newton's Philosophiæ Naturalis Principia Mathematica?
Soon,
@bryan_caplan
will conclude his 17 year run as a blogger at EconLog (part of
@Liberty_Fund
's
@Econlib
).
In this thread, I will post some of my favorite Caplan blog posts.
Applications for
@mercatus
fellowships are now open.
Apply to learn about & discuss political economy with fellows from a wide variety of disciplines.
We'll discuss institutions, incentives, knowledge, market processes, governance, & much more.
Perhaps Mises's most important contribution is "Economic Calculation in the Socialist Commonwealth."
With this essay, Mises launched the socialist calculation debate.
(2/11)
@bentbananabooks
Ostrom didn't see herself as debunking the very notion of the tragedy of the commons. She acknowledged there's still a social dilemma of overuse in a case of an ungoverned commons. But she showed tragedy isn't inevitable & self-governance can work.
I loved my experience in the PhD econ program at
@MasonEconomics
There were multiple fascinating seminars to go to each week, I made some great friends, I had the chance to do research on topics that fascinate me, and I was surrounded by people fascinated by similar questions.
People who actually enjoyed their PhD experience should speak up, so many downers on this site. Possibly the best 6 years of my life.
#philosophy
#academia
"The problem of collective action does not disappear once a policy to deal with an externality is made by a government. Even governmental policies need to rely to a great extent on willing cooperation by citizens."
-Elinor Ostrom
Economists indeed should engage with philosophers, historians, & sociologists.
Doing so gives us additional reasons to reject the immigration restrictions that Deaton has become increasingly friendly to & argues briefly for in this very piece.
🧵1/
On productive and counterproductive ways to read: A thread.
I get the impression that some people read works of economics, political science, sociology, philosophy, and political theory largely through the lens of who is on their "team." 1/6
Disney's efforts to lengthen copyright terms illustrate how rent seeking shapes intellectual property law.
While IP is intended to create incentives for creation & innovation, excessive IP can stifle it.
@Otto_Lehto
& I discuss in
@_PublicChoice
@AndyMasley
I think the issue may be definitional. You mean you favor private, exchangeable rights to productive property (capital goods) within a broadly liberal context. Many use capitalism to refer to a system of oppression & domination (that they may think results from private property).
The full piece, by
@EFF
's
@jilliancyork
,
@jenuhhveev
,
@JGKelley
, &
@davidgreene
is worth reading. The authors make insightful points about content moderation, privacy, the value of anonymous/pseudonymous speech, & interoperability.
5/11
In this forthcoming book chapter, I explore how the work of economic historian Robert Higgs should inform our understanding of the military-industrial complex.
But as Murray Rothbard discusses in "The Laissez-Faire Radical: A Quest for the Historical Mises," Mises had many views that were more radical than conservative.
Here's to a brilliant radical liberal economist! (11/11)
My article with
@ccoyne1
on border militarization & U.S. foreign policy is now out in the Economics of Peace and Security Journal.
Find the full issue here:
@SSRN
working paper version here:
What institutional arrangements best enable adaptation to climate change?
@ppe_justus
& I have a new working paper with the
@cgousu
exploring the role of migration & polycentricity in adapting to climate change.
@cafreiman
"The Kochs fund some economists who agree with a large body of academic research illustrating the substantial benefits of zoning reform" isn't the own she thinks it is.
If you want to "stop criminal smugglers from exploiting migrants," then legalize immigration so that immigrants are allowed to rely on safer means of transportation.
The problems of human smuggling are a tragic but predictable consequence of prohibition.
Yesterday's loss of life in San Antonio is horrifying – my prayers are with those who lost their lives, their loved ones, and those still fighting for their lives.
My Administration will continue to do everything possible to stop criminal smugglers from exploiting migrants.
Mises supported liberalism because he saw it as a philosophy that would enable harmonious social cooperation. Indeed, as
@SheldonRichman
discusses here, Mises considered titling his magnum opus "Social Cooperation" rather than "Human Action." (9 of 11)
Tonight,
@ccoyne1
kicked off the
@HayekProgram
's second annual Markets and Society conference with a great keynote on top-down vs. bottom-up approaches to peace.
@maiamindel
I'd say various things are sufficient but not necessary conditions to qualify. If you have an econ PhD, you're an economist even if you now work in another department. If you publish regularly in econ journals, you're an economist even if you don't have an econ degree.
Attempts to criminalize humanitarian aid to migrants have a long history, going back at least to federal prosecutions of clergy involved in the sanctuary movement in the 1980s.
Caring for our fellow human beings is good regardless of where they were born. Stop criminalizing aid.
Annunciation House, an El Paso Catholic nonprofit that has been a national leader in providing humanitarian care to migrants, is engaged in “human smuggling,” and should be shut down, according to Texas Attorney General Ken Paxton.
Earlier this week,
@anarchakelly
and I were indefinitely banned from Facebook. In this piece, we discuss why. We also highlight the broader problems with Facebook's bans on anarchists, including the publishers of
@crimethinc
and
@IGD_News
:
I have a chapter in this new book.
My chapter explores how policies adopted in response to pandemics can influence the scope of state power long after the public health crisis that motivated the policies ends.
In "Polycentric Defense, Ukraine Style: Explaining Ukrainian Resilience Against Invasion," my coauthors
@ccoyne1
, Yahya Alshamy,
@GarrettRWood
& I explain how the polycentric structure of Ukraine's defense efforts has helped them resist Russia.
Pete's book on Hayek is outstanding.
He emphasizes Hayek's "epistemic institutionalism" as a core contribution of his research agenda.
If you wish to understand how alternative institutional arrangements shape the discovery & use of knowledge, then read Hayek & read Boettke!
An economist who has often been excellent on these issues is
@DeanBaker13
. Baker has relentlessly highlighted the ways patents, occupational licenses & other barriers to entry for skilled professionals, & other state interventions redistribute wealth upward.
Do you know a high school student interested in social science or political economy?
Encourage them to apply to this fellowship, where they will discuss social science books with my colleagues at the
@HayekProgram
.
Applications due September 30th!
Secrecy means that U.S. foreign policy is plagued by even worse asymmetric info & principal-agent problems than other aspects of representative democracy. This is part of why whistleblowers are so important, as
@ccoyne1
,
@ProfAbbyHall
& I argue here:
Explaining modern economic growth, or what Deirdre McCloskey calls "the Great Enrichment," is vital for understanding human flourishing.
This interview
@dylanmatt
did with
@jaredcrubin
&
@MarkKoyama
on their new book is a great overview of the subject.
@cafreiman
She could easily use this argument against immigrants' rights, criminal justice reform, peace, civil liberties, opposition to special privileges for big business, & literally any other issue where leftists & libertarians agree. This is such boring guilt by association nonsense.
The expert must recognize that our models apply to us too. We must put ourselves within the model.
Some economists who have done this well:
@Roger_Koppl
in his work on "expert failure."
@zingales_it
in his paper on "Preventing Economists' Capture."
David Levy & Sandra Peart
The tactics, tools, and powers you grant to the Border Patrol are likely to be turned against American citizens via domestic law enforcement.
Or so I argue in this working paper, available at
@SSRN
.
@SpeakSamuel
@AndrewRCraig
Amash's point wasn't to endorse all the quotes. He was responding to some question about who is a "real libertarian" & suggesting that if Mises fails your purity test it's probably too stringent to build a functional party on.
Market processes can be peacebuilding processes. Markets are social spaces in which individuals can nonviolently interact with one another & create social change.
@ccoyne1
,
@JoshuaDAmmons
, Yahya Alshamy & I explore this in this working paper.
@cafreiman
I agree that it's a very dumb law.
However, it seems like many other dumb laws cause much more severe harm.
So given your consequentialist views, it seems plausible that we talk about this dumb law approximately the right amount.
This fit with Mises's broader liberal vision, which strove for peace, international cooperation, freedom of migration, & other humane goals. Due to his opposition to socialism & support for free markets, Mises is often portrayed as conservative. (10/11)
@crossofcrimson
Imagine thinking this is some scandalous new development from left libertarians. I was writing C4SS pieces supporting trans rights back in 2012.
Immigration restrictions undermine the rule of law, equality of opportunity, and individual liberty. They unjustly restrict freedom of contract and grossly restrict opportunities based on where you're born. Why are you watering down classical liberalism?
The Democratic Party has been completely eaten by the Far Left. Decent liberals, those who believe in the rule of law and equality of opportunity, need to find a new home.
Be skeptical of preference-based explanations. Don't just assume people prefer lives of poverty & violence. Ask what constraints they face! Economic reasoning is analytically applied empathy, and it can help you avoid saying bigoted stuff.
Back in 2015, I wrote a couple of pieces where I concisely presented a case for open borders.
I highlighted two key points:
1) Immigration restrictions violate basic liberties, such as free association.
2) We have good reasons to expect free movement to have good consequences.🧵
About to fly to New Orleans for
@theppesociety
meeting.
@Otto_Lehto
,
@Kpourvand
, Pablo Paniagua and I will be on a panel on polycentricity. I'll be presenting some work that Yahya Alshamy,
@NovakMikayla
, & I have been working on about polycentric peace.
The fact that too many IP rights can raise the costs of iterative innovation means that IP does not merely increase innovation. After a certain point it can decrease it.
This creates a tradeoff called the "Tabarrok curve" (after
@ATabarrok
).
5/
Happy birthday to the late Ludwig Lachmann!
Lachmann, born February 1st, 1906, would have turned 116 this year.
This radical subjectivist economist was a major figure in the Austrian school of economics, and he made important contributions to economic theory. 🧵
1/13
Today marks two years since whistleblower Daniel Hale was sentenced to nearly four years in prison for releasing the Drone Papers. Whistleblowers like Hale are a vital check on government.
@Abigail_R_Hall
@ocregister
@RightsDissent
To learn more about how Mises's analysis holds up today, I recommend this discussion between Sanford Ikeda,
@ccoyne1
, Bob Higgs, & Jeremy Shearmur at
@Liberty_Fund
's "Liberty Matters" site. (6/11)
Moreover, as
@ccoyne1
, Peter T. Leeson, and
@PeterBoettke
have shown, the calculation debate "taught the Austrian economists how their understanding of the market system differed from the understanding of their neoclassical colleagues." (4/11)
Ever wondered if you have what it takes to succeed in the national security state?
@ccoyne1
&
@Abigail_R_Hall
have written an outstanding book on this very question.
It's a biting satire that shows the ugly truth of what US empire entails.
Preorder now!
The Routledge International Handbook of Economic Sociology is coming out soon.
In our chapter,
@alexwadecraig
& I contrast different types of neoclassical economics & examine which is most fruitful for a research program in economic sociology. 1/4
The
@mercatus
PhD Fellowship was an amazing opportunity.
It funded my graduate studies & connected me with amazing mentors.
If you're a
@MasonEconomics
PhD student or applying for the Mason econ PhD program, apply for this fellowship by February 1st.
One more day left to download a free PDF of "Understanding Ludwig Lachmann's Economics," a new monograph by my
@HayekProgram
colleagues
@vstorr
& Solomon Stein.
In August
@jasonleebyas
,
@meta_meg
,
@anarchakelly
& I were banned from Facebook. This appears to be because we were admins of a page called Leftists for Self Defense and Firearm Freedom, which focused on issues like unjust incarceration & policing in gun control enforcement.
It was "Leftists for Self Defense and Firearm Freedom," so our read (again, they've never actually told us anything) is that Facebook decided it was a militia group and banned us. Needless to say, it wasn't a militia group, just a page that re-posted gun rights content.
@itaisher
The notion that "cooperate" is always the morally correct outcome is wild.
A racist group that successfully engages in collective action to oppress others has solved an internal collective action problem & found a way to cooperate amongst themselves, but they act unjustly.