I can’t agree with Matt Kahn’s snark at Santa Monica for its attempt to measure some indicators of quality of life. What economists know how to measure is interesting. But it’s not exhaustive. Real estate prices can provide some sort of measure of quality-of-life as evaluated by people with money. But of course someone looking [...]
Archive for the ‘Microeconomics and policy analysis’ Category
When someone makes an argument or does a study that has a policy implication you dislike, it’s natural to attack the argument or the study to show either that it’s wrong on its own terms or that it doesn’t support the policy inference. (Of course, the argument might be right and the inference valid so [...]
Keyword: “integrity.” But why should public service be a financial sacrifice?
The more ignorance, the more confidence.
Kevin Drum responds to comments: the evidence is solid, but we need more science and a real benefit-cost analysis.
Just because a bunch of smart economists agree on something doesn’t make it true. Especially about drug policy.
A seat in a crowded committee hearing room is unlike space on a crowded freeway.
You don’t have to be an altruist to earn like an Episcopalian and vote like a Puerto Rican; you just need to understand that, at the margin, a dollar spent on public goods gives you, personally, more benefit than a dollar spent on private consumption.