Entries by Don Boudreaux

Testing Jonathan Haidt

I happened across this paragraph from the site breastcancer.org – not a political or ideological site: Biopsy is usually a simple procedure. In the United States, only about 20% of women who have biopsies turn out to have cancer. By contrast, in Sweden, where cost accounting is much stricter and only the most suspicious lesions […]

Quotation of the Day…

… is from page 103 of John Wallis’s 1993 essay “The Great Depression: Can It Happen Again?” – which is chapter 12 of the knowledge-packed, Deirdre N. McCloskey-edited volume Second Thoughts: The most important lesson to be learned from the 1930s is that in a crisis it is politics, not economics, that determines what the goals […]

Structure, (Human) Capital, and Coordination

Over at Coordination Problem, Steve Horwitz nicely explains why the U.S. economy might well today be suffering from structural maladjustments in the labor market. Steve’s superb brief post supplies the occasion for me to offer below the full text of the late Sudha R. Shenoy’s “A Note on Austrian Capital Theory” that appears on pages […]

Quotation of the Day…

… is from page 279 of The State Is Rolling Back, which is volume 2 in the 2004 Liberty Fund series The Collected Works of Arthur Seldon; specifically, it’s from Seldon’s 1988 essay “Policies: The Difficult and the ‘Impossible’”: Keynes’ prescription has been shown to be not only defective in economic analysis.  The public choice […]