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Should schools teach Hayek?
The Texas Board of Education recently decided to add F.A. Hayek to the high school economics curriculum. The New York Times reports: In economics, the revisions add Milton Friedman and Friedrich von Hayek, two champions of free-market economic theory, among the usual list of economists to be studied, like Adam Smith, Karl Marx and John ... Should schools teach Hayek?
An Honest Question for Obamacare Supporters
A number of opponents of Obamacare, such as Wall Street Journal columnist William McGurn, have criticized the President and his people for referring to pending proposals as “health insurance reform” rather than “health care reform.” I suppose these critics think the President is engaging in a sleight of hand in an effort to minimize the ... An Honest Question for Obamacare Supporters
Barack Obama, financial journalist?
When I was a student at the University of Chicago Law School, our president lectured there. I didn’t take any classes from him — he taught stuff I wasn’t interested in — but I had friends who did; all raved. The other day, I opened up my copy of the Law School directory for reasons ... Barack Obama, financial journalist?
The Enforcers [#agworkshop] [#dojusda]
To expand on Geoff’s post about concentration in the seed industry, there has been a consistent line of discussion throughout the day raising the specter of monopoly and anti-competitive behavior, not only in seed but also in livestock. There are continual references to adverse price effects and limitations in choice for consumers and producers alike, ... The Enforcers [#agworkshop] [#dojusda]
On seed industry concentration and its claimed effects [#dojusda #agworkshop]
A common theme throughout the day has been the declining number of seed companies–increasing concentration–and its effect. Except no one has talked about the effect. Other than pointing to the structural change itself, no one seems to have any evidence relating to the effect of the change. One farmer at the open mic session (coincidentally ... On seed industry concentration and its claimed effects [#dojusda #agworkshop]
A More "Competitive" Agriculture? [#agworkshop]
The morning’s panel of farmers represented a variety of perspectives, ranging from more reasoned to more reactionary. Among the ideas suggested: More reasoned: Find a balance between food and fuel in the policy debate (though no clear directions how) Increase trade in global markets (always easy to talk about forcing other countries to buy more ... A More "Competitive" Agriculture? [#agworkshop]
Why Citizens United was right
Let me say at the outset, some of my prior beliefs. First, I believe in the marketplace of ideas and think that more speech is generally better than less speech. I believe the Founders shared this belief and enshrined it in the “no law” component of the First Amendment. I believe this is especially true ... Why Citizens United was right
Economics versus politics in antitrust [#agworkshop]
Bill Northey, IA Ag Sec’y, sounds a bit like an economist (ah, turns out he has a degree in ag business and an MBA . . . ). Yes, price of seeds has gone up, but so has yield, and so has overall value. The issue, he says, is how to divide the surplus, and ... Economics versus politics in antitrust [#agworkshop]
Some political theater [#agworkshop]
As readers may know, Eric Holder was added to the workshop at the last minute (see the latest agenda here). So the day starts out with Holder and Vilsack, and they are joined by Varney and Tom Miller (the Iowa AG) and a host of other politicos including Senator Grassley and Congressman Boswell. Vilsack is ... Some political theater [#agworkshop]
The Aggregation Problem [#agworkshop]
As Geoff noted, we’re stationed at the DOJ/USDA workshop to witness the goings on and provide some comments. US Secretary of Agriculture Tom Vilsack opened this session with a laundry list of statistics concerning rural America and the agriculture sector. The statistics focused on national concentration ratios and national averages, which are tremendously deceiving for ... The Aggregation Problem [#agworkshop]
A global warming hypothetical
Global warming critics have taken two primary approaches. First, deny the facts based on the incentives for scientists to fudge the data to get prestige and research dollars (see, for example, the East Anglia emails), based on the inherent limitations of humans to build global weather models to predict the temperature 100 years from now, ... A global warming hypothetical
Sykuta and Manne: Covering the Agricultural Antitrust Workshop in Iowa [#agworkshop]
UPDATE: Trying to find the right hash tag for the event, I’ve changed the title of this post and we’ll follow the convention for our live blogging today–posts from the Workshop will all have “#agworkshop” in the title. Later this week Mike Sykuta and I will be winging our way to Iowa on behalf of ... Sykuta and Manne: Covering the Agricultural Antitrust Workshop in Iowa [#agworkshop]
