Government deregulation is usually taken to be a move toward laissez-faire and a lessening of the regulatory burden. But this need not be the case, as I demonstrate in the latest issue of the Independent Review: https://t.co/iqN3vBvAyu
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@IMurtazashvili Interesting. It also suggests the fruitfulness of a public-choice analysis of the predominance of the left-right distinction among academics and intellectuals. (Similar to Holcombe's "A theory of the theory of public goods.")
An irony of "Hayek’s Bastards" is that it tries to link the radical racist right to classical liberals who clearly opposed race science, while largely ignoring how the radical right shares with the progressive left’s eugenic tradition.
If institutions were consciously constructed, they can be reconstructed. But what if no one built them in the first place? @maxcl_m on Hayek, social constructivism, and a distinction that matters enormously. https://t.co/FvDXYXeaKE
Inspiriert von Hayek – "it is probably no exaggeration to say that every important advance in economic theory during the last hundred years was a further step in the consistent application of subjectivism"– widme ich mich Fortschritt und argumentiere für eine subjektive Lesart.
„Als Philosoph oder Ökonom sollte man für einen präzisen Wert- und Güterbegriff eintreten. Als Liberaler sollte man die Subjektivität dieser Begriffe verinnerlichen“, argumentiert Max Molden (@maxcl_m) in seinem neuen Text: https://t.co/gypQsyOi4e.
I've been interested in the philos of econ for quite a while. In this new paper, I apply insights from econ to pol philosophy, exploring the pitfalls and dangers of idealising here—for instance, when Cohen imagines a camping trip or Rawls assumes a closed society.
Sind die Grenzen des Fortschritts eine Frage der Technologie oder der Rahmenbedingungen? Juan De Dios Hanke-Estevez hat eine Antwort: https://t.co/9MV3Ji9S2g
Too many fans of Austrian cycle theory get this wrong. Relative price distortions due to easy money are _inevitably_ self-reversing. Far from aiding recovery, a post-boom contraction of spending interferes with it, adding unnecessarily to the severity of the downturn.
🫵🏻Ausgabe 3 von Aevum beginnt. Abundance, Future, Accelerationism: ist in der Zukunft noch Fortschritt zu erwarten, was sind neue Fortschrittserzählungen, wo haben wir die Zukunft vergessen? Marius Drozdzewski gibt die Richtung unserer dritten Ausgabe vor: https://t.co/KPDVlx3hZM
Going to write a tweet that might be mercilessly dunked on later: I think concerns about job loss+AI are wildly overblown & the economy will be great for workers + consumers generally, including new workers, *especially* in a world where AI capabilities keep improving.
Olson argued it takes a catastrophic shock to clear out entrenched distributional coalitions. AI might be that shock—but expect incumbents to try to regulate it out of existence before it can scale...
My latest @EconLib https://t.co/kZ4DcvvmbR
@alexwadecraig Good question. To approach, I'd start with the basics: problems do not exist as such. Problems are always problems to someone (analogous to things vs. goods). From this it follows that, if there is an econ. calc. problem, it is a problem *to* someone—presum. the planner.
@zingales Isn't this recommendation nothing but a further move on the interventionist spiral, i.e., the manifestation of progressive interventionist dynamics? Isn't, then, the lifting of the complete government intervention more recommendable—even if, practically, perhaps more difficult?
Die Politikoption, die in Reaktion auf höhere #Kraftstoffpreise am wenigsten diskutiert wird: Füße stillhalten. Die notwendige Nachfragereduktion gelingt am besten über den #Preismechanismus. Alle „Entlastungen“ schicken ebenso eine Rechnung – nur anders oder später. Je weitgehender der Eingriff, desto fragwürdiger die Wirkung. @welt
https://t.co/m6y1nQQXEj