Category Archives: Economics

Thoughts about economics, incentives, unintended consequences and behavioral puzzles. Usually with an Austrian bent.

Cupcakes and Economics

This blog is supposed to be primarily about economics, with occasional detours into food and other topics.  Thanks to my New Years Resolution to stop eating bad hotel bar cheeseburgers and my new toy, it has veered heavily towards the … Continue reading

Posted in Economics, Food | Tagged , , , , | Leave a comment

My Little Econmist

♪♫My little pony. My little pony.  Ahhhhhh! ♪♫ When my daughter told me I had to watch an episode of My Little Pony: Friendship is Magic because it would teach me something about economics, I couldn’t resist the challenge. By … Continue reading

Posted in Economics | Tagged , , , | Leave a comment

How Blizzards Create Private Property

Three years ago 20″ of snow and 5 days housebound forced me to think about how something like a blizzard could create something as useful as property.  I posted this diary on a prominent liberal web site.  It got a very good … Continue reading

Posted in Economics | Leave a comment

Gilligan, Mr. Howell and M. Say

Thurston Howell the Third had a steamer trunk full of money, yet he lived in a grass hut. Just like everyone else on Gilligan’s Island. Gilligan’s Island was the tale of a fateful trip that started from a tropic port … Continue reading

Posted in Economics | Leave a comment

Unemployment and regulation

Here’s a note I sent to a friend’s father, during an e-mail discussion on unemployment: Regarding unemployment, I think it’s more complicated than technology, women in the work force or immigrants.  At least in the US, we’ve had much greater … Continue reading

Posted in Economics | Tagged , , | 5 Comments

Anarchy in Fairfax County.

Yesterday I left the house around 6:15 am to go to my gym. On the way there, I encountered a dead traffic light. No flashing yellow, no signals, nothing. It was the intersection of a fairly major road and a … Continue reading

Posted in Economics | Tagged , , , , , , , | 3 Comments

Libertarian Charity

One cliche about libertarians is that we are all radical individualists who expect everyone to  pull his own weight and think that “The devil take the hindmost.” is a good way for a society to operate. This stereotype, like most, … Continue reading

Posted in Economics | Tagged , , , | Leave a comment