Peter Gordon's Blog

Hydraulic fracturing is partly responsible for a positive "oil shock". "How Plunging Oil Scrambles Geopolitics" by Prof...

The Economist of Oct 25 includes "The geography of joblessness."   The piece cites new studies, not the same old cross-sectional ...

Here is Peter Boettke calling attention to a PBS story with and about Walter Williams. Watch the clip. I find that Williams is always wor...

Many people saw PBS' various installments of Steven Johnson's How We Got to Now . Here is the book which is equally enjoyable. In f...

We love narratives. We produce and consume just-so stories all the time.  In today's NY Times , Konika Banerjee and Paul Bloom ask ...

The LA papers are full of worries over the local drought but have yet to discover, pricing, incentives, and politicized misallocations. This...

Getting my own medical care, I have encountered more than a few medical professionals who are practicing  here from abroad and who treated m...

Tyler Cowen cites Jean Tirole's Nobel-winning economics as exemplifying elaborations of principal-agent theory (and problems).  Who do ...

Pete Boettke points us to the Mercatus 40th anniversary celebration of Hayek's Nobel award. Keynote Israel Kirzner discusses the contex...

James Buchanan's famous description of his work "Politics without romance" hit the nail on the head. But most people cannot or...

Urban economists and urban planners love "density". I put it in quotes because the details (How high? Where? At what cost?) are o...

Probabilities and distributions are hard to grasp. We usually avoid the problem by settling on mean values and hope they are somehow represe...

Here is the announcement of David Andersson and Stefano Moroni's edited volume Cities and Private Planning .  It includes a chapter by ...

The City by Deborah Stevenson is reviewed here by three not-so-sympathetic reviewers. Perhaps that's for the best and I hope Stevenson...

Did someone say that the rich are different? Here is Pierre Desrocher's review of "The latest culinary fad: famine food ... Middl...

Today's WSJ includes Peter Thiel's "Competition is for losers ... Only one thing can allow a business to transcend the daily b...

People like to choose and join teams. There are many examples. Nationalisms and regionalisms are just two of many. Among the latter, there a...

Those who favor higher mandated minimum wages argue that the affected workers "need" and/or "deserve" the extra money. T...

It seems strange but for most of its life, economics was a field of study that did not recognize transaction costs. Look at the 200-year Ngr...

In this morning's WSJ , Edward Glaeser and Cass Sunstein write on " How to Deregulate Cities and States ... Cost-benefit analysis a...