Behavioral economics is becoming more and more popular. After Daniel Kahneman, who in 2002 received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for having integrated insights from psychological research into economic science, another representative of this current of thought, Richard Thaler, joined the group of laureates of this prestigious award last year.
Back in the ancient news cycle of August 6, 2018, Alex Jones, host of The Alex Jones Show and curator of Infowars.com, was deplatformed in a coordinated effort by multiple social media and content streaming services. The list of companies, whose simultaneity was surely a coincidence, is quite impressive: Facebook, Apple, YouTube, Spotify, Vimeo, Pinterest, MailChimp, and LinkedIn.
Are you a Murray Rothbard fan? Do you love his writing? His clarity and style? His razor-sharp economic analysis? His penchant for slaying sacred cows?
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American politics seems to revolve around claims of sexual assault, be it the recent fight over the Supreme Court nomination of Brett Kavanaugh (and whether or not he did everything but run a sex trafficking ring at a pizza shop), the past escapades of President Donald Trump, or the sexual exploits of Bill Clinton who also was accused of brutally raping a campaign worker while he was attorney general of Arkansas. Politics not only plays the central role about who is accused, but also about the believability of the accuser and the accused.
September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable.
In 1768, the Portable Theology, or Brief Dictionary of the Christian Religion was published under the authorship of Abbé Bernier. It claimed that all of the “dogmas of the Christian religion are immutable decrees of God, who cannot change His mind except when the Church does.” Posing as an authority on Church doctrine, the piece was actually satire, and the true author was Baron d’Holbach.
At the 73rd session of the United Nations General Assembly, the President of the European Council of the European Union, Donald Tusk, recently gave an address on the EU’s participation in global efforts, and the future directions in which he believes it should move. In recent decades, Europe has been increasingly involved in numerous international missions, often focusing on immigration, environmental, and search-and-rescue endeavors.
According to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products is the key to sustained economic growth. Is it however true that technical knowledge is the heart of economic growth? If this would have been the case, why do economies in the developing world continue to experience poverty? After all individuals in these economies have access to the technical knowledge of the developed world.
Today marks the 50th anniversary of the passage of the Gun Control Act of 1968. The GCA is the main federal law that governs interstate commerce of firearms in the United States. Specifically, the GCA prohibits firearms commerce across state lines except between licensed manufactures, dealers, and importers.
