Division of Labour
Economics, law tidbits and news of the weird.
Author: Brad Smith, a professor at Capital University Law School, and Michael E. DeBow, a law professor at Samford University author this blawg along with a number of economics professors.
Blawg Related Categories: Capital University Law School • Samford University • Law Professor • Economics
Recent Posts from Division of Labour
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Can the Monetary System Regulate Itself?
Our current system, no, but a free banking system on a gold standard, yes. So I argue in this 51-minute talk, taped at Rhodes College in March. Not just a talking head video, this one…
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The Rent Seeking Society
Articles in today's WSJ (here and here, respectively) mention a couple of interesting trade associations: the National Association of Blind Merchants and the American Pyrotechnics Association. I'll leave comments open for a day or two--feel…
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And with N = 2, your R2 = 1.0!
Personally, though, I prefer N = 1 so I can fit any slope I want....
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Bad news or bad reporting?
The AP headline: Baaad news? Global warming now shrinking sheep The content: local warming is reducing mortality among some wild sheep in Scotland. Wonder if the runts that now survive would count this as baaad…
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N=small
Scott Beaulier's post yesterday reminded me of how fragile city-level unemployment data are especially for small cities. According to the Department of Labor, Bismarck, North Dakota has the lowest unemployment rate for a metropolitan area…
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Foul developments
Here is a satellite shot of the Fort Trumbull neighborhood in New London, CT. Google Maps says the red marker is the former site of Susette Kelo's house. The several blocks of brown to the…
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Markets in Everything: Free Hugs and Deluxe Hugs
HT: Phil Heidenreich and Brent Butgereit, Marginal Revolution for the "Markets in Everything" concept....
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Walmart's Progressive Turn?
Here is Megan McArdle's succinct take on Walmart's endorsement of government-andated health coverage (HT: Sheldon Richman). The story was front-page news in yesterday's Wall Street Journal, and today the Journal editorializes--correctly, I think--on the hidden…
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The Toaster Project and The Great Conversation
You might have by now read about The Toaster Project, a project in which a student at the Royal College of Art in London tries to make a toaster completely from scratch. Here's Radley Balko's…
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Unpublished Letter
Here's a letter that I sent to the Memphis Commercial Appeal a few weeks ago that was never published: "The "prevailing wage" ordinance passed by the County Commission on June 15 was a mistake that…