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Hardline Libertarians?

Daron Acemoglu and James Robinson write, Central planning maximizes the extent of control that the state, and the people running the state, exercise. The desire to control others is a constant in...

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Changing the Corporate Form of Organization

Concerning U.S. corporate law, Kent Greenfield writes, Compare this to the European model of corporate governance, which requires much more robust social obligation on the part of corporations,...

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My Last Post

Sorry for being abrupt, but this is something I have been thinking about for months. In the future, I plan to do my writing in essay format. As far as blogging goes, I am opting for exit rather than...

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The Outlook for New York

If there are no objections, I am going to interrupt my non-blogging to offer a downbeat economic prognosis for New York City in the wake of the storm. I can imagine that the disruption to patterns of...

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The Outlook for New York, Continued

The New York Times reports, The storm damage had a synergy of its own. Efforts to pump floodwaters from subway and automobile tunnels were slowed by electrical shortages. Hastily arranged car pools...

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Five Books on the Financial Crisis: Kling’s Favorites

Editor’s Note: As you know, we’re big fans of book lists, like the ones we always read at Five Books. Last month, we posted Amy Willis’s recommendations for the five best books for Introductory Econ....

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Five Books on Nature, Nurture, and Culture

Human behavior reflects nature, nurture, and culture.  By nature I mean general traits that we inherit as a species and individual traits that are present at birth.  By nurture, I mean the efforts of...

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Five Biographies of Economists

This is a rich genre that is under-appreciated. With a quality biography, you can obtain a better understanding of the economist’s background and thinking.   1.  Perry Mehrling, Fischer Black and the...

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Five Books on Macroeconomics

Recently, Raffaele Rossi offered his recommendations for the best macroeconomics textbooks at Five Books. Here, Arnold Kling offers his recommendations:     Macroeconomic Patterns and Stories, by...

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Five Books on the Future of Work

Do machines complement labor, leading to higher wages and better living standards for ordinary workers?  Or do they substitute for labor, driving down living standards for ordinary workers and...

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