Category Archives: Economics

Book Review: Living Economics

Peter Boettke is an economist out of George Mason University and he specializes in the history of economic thought and institutional economics. Boettke was lucky enough to study under many notable economists, such as James Buchanan, Israel Kirzner, Gordon Tullock, … Continue reading

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Economic Modeling: Societal Preferences and Government

A book I just recently finished, After War: the Political Economy of Exporting Democracy, has a lot of insight into the institutional and behavioral theory behind reconstruction (e.g. the nation building in Iraq and Afghanistan). One of the explanations given by Coyne, … Continue reading

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Book Review: After War

There is a popular joke in academia about the ‘imperialism’ of economics. Just about any topic and field has been covered by economists in one way or another, and with Chris Coyne’s After War: the Political Economy of Exporting Democracy, nation building … Continue reading

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Book Review: Structure and Change in Economic History

For economic historians, the ability to write well comes almost as second nature. For Douglass C. North, the author and Nobel winning economist behind Structure and Change in Economic History, this is no exception. Published in 1981, Structure and Change in … Continue reading

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Debt, Greece, and Democracy

Joseph Stiglitz recently wrote in the Guardian how the European Union and International Monetary Fund’s treatment of Greece was anti-democratic.  I disagree, because the current ‘Grexit’ crisis is not a bug, but a feature of the political and democratic process … Continue reading

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Economists Misunderstand What They Teach

A popular theorem within economics comes from Ronald Coase, an economist who won the Nobel for his analysis of the firm and revitalization of institutional analysis. The Coase Theorem, as vocalized by George Stigler, suggests that so long as transaction … Continue reading

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