In Memoriam: Gary S. Becker

Milton Friedman called Gary Becker "the greatest social scientist who has lived and worked in the last half century." The praise was well-deserved, and if it wasn't, that might have been because the only other contender for the title was Friedman himself. Becker was masterful at formulating interesting questions to think about, and he was …

When Regulations Attack . . . and Small Government Advocates Are Responsible

I understand that certain regulations are necessary to prevent fraud, or to ensure that a certain class of individuals aren't made eligible for a certain class of benefits. But I am with Will BaudeĀ and Jacob Levy, who criticize the fact that in the latest farm bill, small-government advocates (Republicans, specifically) have helped ensure the existence …

What Paul Krugman Gets Wrong

Let us make a little list: Tyler Cowen points out that when it comes to discussing Milton Friedman's analysis of the Great Depression, Paul Krugman gets things wrong. Both Tyler Cowen and Donald Boudreaux point out that Krugman gets Hayek wrong. Raghuram Rajan points out that Krugman gets Carmen Reinhart and Kenneth Rogoff wrong, though I am not …