Arnold Kling: April 2003 Archives

The Highest-Cost Producer

As an economist, I am dismayed by the cavalier way in which politicians add to the roster of goods and services provided by the government. I cringe when I hear an official begin a sentence with the phrase "We need... Read More

Don't Smoot the Weasels

If there were a Hall of Fame for economic policy blunders, then the Smoot-Hawley tariff of 1930 would get in on the first ballot. The consensus among economists is that this protectionist legislation exacerbated and contributed to the Great Depression... Read More

Social Software

In 2003, it feels as if someone hit the "pause" button on the innovation machine that drove the economy for the previous twenty years. The existing infrastructure is sufficient to support the applications of word processing, spreadsheets, email, and web... Read More

The Elastic Economy

"For years I thought what was good for our country was good for General Motors and vice versa. The difference did not exist. Our company is too big. It goes with the welfare of the country." - Charlie Wilson, 1953... Read More

Government Is the Solution

Once the fighting dies down in Iraq, new sets of challenges will appear. These involve putting together a new government and a new economy. In order for Iraq to be successful as a democracy, its economy will have to be... Read More

Can Money Buy Happiness?

Many years ago, some friends of mine who were taking a class from popular Swarthmore economics professor Bernard Saffran thought that it would be amusing to ask him if money could buy happiness. Bernie's answer was, "Yes, to a first... Read More

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