I wish I had all kinds of time to touch on all of these issues! What a blessing is the division of labor! I hate to rub… Read more “Assorted Links”
Tag: Cowen
Reply to Santiago Garcia Couto
Over at Marginal Revolution, Mr. Garcia Couto responded to Tyler Cowen’s post about Uruguay’s alternative currency, and provided a link to a relatively informative website, for which… Read more “Reply to Santiago Garcia Couto”
Economics and Entropy: Fitness II
In the previous installments, we explained how value is created through irreversible processes, how all economic transactions and transformations involve entropy, and we took a stab into… Read more “Economics and Entropy: Fitness II”
Hypothetical Criticism
I have gotten absolutely zero criticism for my “Liquidity Traps are for Suckers” post. So instead of responding to actual criticism, I’m going to respond to a… Read more “Hypothetical Criticism”
Cowen on Chilean Development
Ever since this op-ed appeared in the Wall Street Journal, there has been a mild uproar in the left-wing blogosphere regarding the impact that Milton Friedman’s ideas… Read more “Cowen on Chilean Development”
Three Cheers for Network Goods!
Network goods are goods that become more valuable as more people use them. Telephones are the staple traditional example of a network good. Money is the most… Read more “Three Cheers for Network Goods!”
Potholes and Personal Cost
Ezra Klein likes the Google SuperBowl ad. As he notes, they have many of them in the same vein…the total production of which probably cost less than… Read more “Potholes and Personal Cost”