- Paupers and Richlings: Piketty’s ‘Capital’ by Benjamin Kunkel (h/t Mark Brady)
- The neoconservatives have ramped up their attacks on Rand Paul. This means his foreign policy ideas are winning out, of course. Neoconservatives have also begun blaming libertarians rather than liberals for the failure of their Iraq war campaign
- Liberals and libertarians have been finding common ground in the US House of Representatives
- What does the BRICS bank mean? From Dan Drezner
- Want to solve the border crisis? Give free drugs to addicts. This is from Marc Joffe, and includes a very thoughtful analysis of charter cities and how they can help improve the institutional problems that would still plague Central America even if the drug war were to end
- Help! I’m a Marxist who defends capitalism
New Issue of Econ Journal Watch is Out
For those of you who don’t know, co-editor Fred Foldvary is an editor for the Journal, and Warren Gibson is the math reader. From the website:
James Tooley on Abhijit Banerjee and Esther Duflo’s Poor Economics: Banerjee and Duflo propose to bypass the “big questions” of economic development and focus instead on “small steps” to improvement. But, says Tooley, they proceed to make big judgments about education in developing countries, judgments not supported by their own evidence.
Why the Denial? Pauline Dixon asks why writers at UNESCO, Oxfam, and elsewhere have denied or discounted the success and potentiality of private schooling in developing countries.
Neither necessary nor sufficient, but… Thomas Mayer critically appraises Stephen Ziliak and Deirdre McCloskey’s influential writings, particularly The Cult of Statistical Significance. McCloskey and Ziliak reply.
Was Occupational Licensing Good for Minorities? Daniel Klein, Benjamin Powell, and Evgeny Vorotnikov take issue with a JLE article by Marc Law and Mindy Marks. Law and Marks reply.
Mankiw vs. DeLong and Krugman on the CEA’s Real GDP Forecasts in Early 2009: David Cushman shows how a careful econometrician might have adjudicated the debate among these leading economists over the likelihood of a macroeconomic rebound.
Rating Government Bonds: Can We Raise Our Grade? Marc Joffe, a former Senior Director at Moody’s Analytics, discusses limitations of the methods employed at the credit rating agencies and problems in trying to infer default risks from market prices, suggesting another approach.
Also, if you’re unsatisfied with the status quo in terms of political parties, including the Libertarian party, Dr. Foldvary has established the Free Earth Party for you to look at. Be sure to check it out!