The blog entry summarizes a recent working paper I co-authored on how variations in U.S. state firearm law are related to the number of firearm manufacturing plants across states, for the years 1986 to 2010. . . . → Read More: The Effect of State Firearm Laws on Firearm Manufacturing Location
Are conglomeration corporations that own most of the world’s best-known brands really so bad for us, as some internet postings suggest? Think again. . . . → Read More: Megabrands – So what?
Virtually everyone complains about taxes. But where would we be without them? . . . → Read More: Taxes v1.0 and v2.0
A review of Philip J. Cook and Kristin A. Goss’s excellent new book, The Gun Debate: What Everyone Needs to Know (Oxford University Press, 2014). . . . → Read More: The Gun Debate
Nigeria is now Africa’s largest economy, or so its recently “rebased” economic statistics suggest. Yet along with Brazil and China, Nigeria remains a “poor giant.” . . . → Read More: Poor giants
This column takes a look at The Economist’s Big Mac index, the newspaper’s tongue-in-cheek way of determining whether currencies are over- or undervalued relative to the U.S. dollar. . . . → Read More: Burgernomics
In preparing a lecture on the Consumer Price Index (CPI), a popular measure of consumer price inflation, I was reminded of some of the measurement and policy issues involved. . . . → Read More: CPI & COLAs: Still costing us a bundle
The Institute for Economics and Peace released its Mexican Peace Index. Here’s a brief discussion and a comparison of Mexico’s economic record with that of France. . . . → Read More: Mexico and France
Refugees constitute the 30th-largest “country” in the world—larger than Argentina, Canada, Kenya, Malaysia, or Poland. We need a better way to prevent the wars that create them. . . . → Read More: Neighbors: Blessing or Curse?
Energy prices are dropping, or so it is said. The full-scale advent of “fracking,” the extraction of natural gas (and oil) by new commercial technology, is unlocking vast new supplies in the United States and upsetting pricing on the energy markets. I decided to have a look at the numbers provided by the U.S. Energy Information Agency. . . . → Read More: Energy prices
Ronald Coase died in September 2013 at the age of 102. More famous than he was perhaps comfortable with, he made great contributions to rectify shortcomings in the cartoon economics of ordinary economics textbooks. This column elaborates on one example. . . . → Read More: Ronald Coase
In the 1960s a slogan from the anti-Vietnam war movement in the United States urged people to ‘make love, not war’. In 2006—half a century later—Amos Oz published a book, How to Cure a Fanatic, in which he introduces an alternative phrase: ‘make peace, not love.’ He urges us to be more imaginative in peacemaking. The creation of fuzzy borders is one idea. . . . → Read More: Focal points and fuzzy borders