Scholarly Comments on Academic Economics

Articles by Publication Date

Table of Contents September 2014
Replicability and Pitfalls in the Interpretation of Resampled Data: A Correction and a Randomization Test for Anwar and Fang by
Saying Too Little, Too Late: Public Finance Textbooks and the Excess Burdens of Taxation by
Ragnar Frisch and the Postwar Norwegian Economy: A Critical Comment on Sæther and Eriksen by
A Reply to Olav Bjerkholt on the Postwar Norwegian Economy by
Does Occupational Licensing Deserve Our Approval? A Review of Work by Morris Kleiner by
Capitalism and the Rule of Love by

Table of Contents May 2014
Does Economics Need an Infusion of Religious or Quasi-Religious Formulations? A Symposium Prologue by
Where Do Economists of Faith Hang Out? Their Journals and Associations, plus Luminaries Among Them by
From an Individual to a Person: What Economics Can Learn from Theology About Human Beings by
Joyful Economics by
Where There Is No Vision, Economists Will Perish by
Economics Is Not All of Life by
Philosophy, Not Theology, Is the Key for Economics: A Catholic Perspective by
Moving from the Empirically Testable to the Merely Plausible: How Religion and Moral Philosophy Can Broaden Economics by
Notes of an Atheist on Economics and Religion by
Entrepreneurship and Islam: An Overview by
On the Relationship Between Finite and Infinite Goods, Or: How to Avoid Flattening by
The Starry Heavens Above and the Moral Law Within: On the Flatness of Economics by
On the Usefulness of a Flat Economics to the World of Faith by
What Has Jerusalem to Do with Chicago (or Cambridge)? Why Economics Needs an Infusion of Religious Formulations by
Maximization Is Fine—But Based on What Assumptions? by
Religion, Heuristics, and Intergenerational Risk Management by
Sympathy for Homo Religiosus by
Can ‘Religion’ Enrich ‘Economics’? by
Sin, and the Economics of ‘Sin’ by

Table of Contents January 2014
Editor’s Notes: Acknowledgments 2012–13
One Swallow Doesn’t Make a Summer: A Comment on Zacharias Maniadis, Fabio Tufano, and John List by
One Swallow Doesn’t Make a Summer: Reply to Kataria by
Should the Modernization Hypothesis Survive Acemoglu, Johnson, Robinson, and Yared? Some More Evidence by
Ill-Conceived, Even If Competently Administered: Software Patents, Litigation, and Innovation—A Comment on Graham and Vishnubhakat by
Ragnar Frisch and the Postwar Norwegian Economy by
The Increasingly Libertarian Milton Friedman: An Ideological Profile by

Table of Contents September 2013
In Memoriam: Ronald Coase
The Ideological Migration of the Economics Laureates: Introduction and Overview by
On the Ideological Migration of the Economics Laureates by
Ideological Profiles of the Economics Laureates
Economics Laureates’ Responses to Questionnaire on Ideological Migration by

Table of Contents May 2013
In Memoriam: Armen Alchian
Regression Costs Fall, Mining Ratios Rise, Publication Bias Looms, and Techniques Get Fancier: Reflections on Some Trends in Empirical Macroeconomics by
Why Is There No Milton Friedman Today? A Symposium Prologue by
Where Is the Next Rose Director? by
Why Are There No Milton Friedmans Today? by
Why Is There No New Milton Friedman Today? by
Why There Is No Milton Friedman Today by
Mistah Friedman? He Dead. by
The Uniqueness of Milton Friedman by
Why Milton Friedman Was Rare by
Why There Is No New Milton Friedman by
On Why There Is No Milton Friedman Today: Sui Generis, Sui Temporis by
Why Is There No Milton Friedman Today? by
Why Is There No Milton Friedman Today? by
Why Is There No Milton Friedman Today? by

Table of Contents January 2013
In Memoriam: James M. Buchanan
The Max U Approach: Prudence Only, or Not Even Prudence? A Smithian Perspective by
Model Distraction: A Comment on Daveri and Tabellini by
Did John Lott Provide Bad Data to the NRC? A Note on Aneja, Donohue, and Zhang by
Substance vs. Sideshows in the More Guns, Less Crime Debate: A Comment on Moody, Lott, and Marvell by
Did Jose Canseco Really Improve the Performance of His Teammates by Spreading Steroids? A Critique of Gould and Kaplan by
The Peer Effect of Jose Canseco: A Reply to J. C. Bradbury by
Reply to Deirdre McCloskey and Stephen Ziliak on Statistical Significance by
We Agree That Statistical Significance Proves Essentially Nothing: A Rejoinder to Thomas Mayer by
Paul Krugman Denies Having Concurred With an Administration Forecast: A Note by
Economics Professors’ Voting, Policy Views, Favorite Economists, and Frequent Lack of Consensus by
Euro Politics: An Interview with Roland Vaubel by

Table of Contents September 2012
Big Questions and Poor Economics: Banerjee and Duflo on Schooling in Developing Countries by
Why the Denial? Low-Cost Private Schools in Developing Countries and Their Contributions to Education by
Was Occupational Licensing Good for Minorities? A Critique of Marc Law and Mindy Marks by
Occupational Licensing and Minorities: A Reply to Klein, Powell, and Vorotnikov by
Ziliak and McCloskey’s Criticisms of Significance Tests: An Assessment by
Statistical Significance in the New Tom and the Old Tom: A Reply to Thomas Mayer by
Mankiw vs. DeLong and Krugman on the CEA’s Real GDP Forecasts in Early 2009: What Might a Time Series Econometrician Have Said? by
Rating Government Bonds: Can We Raise Our Grade? by

Table of Contents May 2012
Freedom Versus Coercion in Industrial Ecology: A Reply to Boons by
Freedom Versus Coercion in Industrial Ecology: Mind the Gap! by
Fact Versus Conjecture in the History of Industrial Waste Utilization by
Race, Ethnicity, and Baseball Card Prices: A Replication, Correction, and Extension of Hewitt, Muñoz, Oliver, and Regoli by
Supplement to “Race, Ethnicity, and Baseball Card Prices: A Replication, Correction, and Extension of Hewitt, Muñoz, Oliver, and Regoli” by
Beyond Race Cards in America’s Pastime: An Appreciative Reply to Findlay and Santos by
Characteristics of the Members of Twelve Economic Associations: Voting, Policy Views, and Favorite Economists by
The Transmission of the Ideals of Economic Freedom by

Table of Contents January 2012
Editor’s Notes: Acknowledgments 2010-11 by
The Unemployment Impact of the 2008 Extension of Unemployment Insurance: As High as Robert Barro Suggested? by
Introduction to Symposium on U.S. Sovereign Debt Crisis: Tipping-Point Scenarios and Crash Dynamics by
Some Possible Consequences of a U.S. Government Default by
The Bond Market Wins by
How a Default Might Play Out by
Courting an Avoidable Financial Crisis by
How and Why a U.S. Sovereign Debt Crisis Could Occur by

Table of Contents September 2011
Property: A Bundle of Rights? Prologue to the Property Symposium by
Bundle-of-Sticks Notions in Legal and Economic Scholarship by
Two Cheers for the Bundle-of-Sticks Metaphor, Three Cheers for Merrill and Smith by
Bundle-of-Rights Theory as a Bulwark Against Statist Conceptions of Private Property by
The Regulative Function of Property Rights by
The Property Prism by
The False Promise of the Right to Exclude by
A Bundle Theorist Holds On to His Collection of Sticks by
Potentiality, Actuality, and “Stick”-Theory by
Property Is Not Just a Bundle of Rights by

Table of Contents May 2011
Adam Smith and Liberal Economics: Reading the Minimum Wage Debate of 1795-96 by
Economics Professors’ Favorite Economic Thinkers, Journals, and Blogs (along with Party and Policy Views) by
Richard T. Ely: The Confederate Flag of the AEA? by
Economic Enlightenment Revisited: New Results Again Find Little Relationship Between Education and Economic Enlightenment but Vitiate Prior Evidence of the Left Being Worse by
Remarks from 1809 by Dupont de Nemours on Adam Smith by
Translated by Frederic Sautet
An Award for Calling the Crash by

Table of Contents January 2011
Unfortunately Unfamiliar with Robert Higgs and Others: A Rejoinder to Gauti Eggertsson on the 1930s by
Constraints on Housing Supply: Natural and Regulatory by
Dropping the Geographic-Constraints Variable Makes Only a Minor Difference: Reply to Cox by
Troubling Research on Troubled Assets: Charles Zheng on the U.S. Toxic Asset Auction Plan by
Growth Accelerations Revisited by
Advanced Placement Economics: The Good, the Bad, and the Ugly by
The Ideological Profile of Harvard University Press: Categorizing 494 Books Published 2000-2010 by
The Never to Be Forgotten Hutcheson: Excerpts from W.R. Scott by

Table of Contents September 2010
A Reply to Steven Horwitz’s Commentary on “Great Expectations and the End of the Depression” by
A Life among the Econ, Particularly at UCLA by
Economics, Economists, and Economic Policy: Modern American Experiences by
Czech Economists on Economic Policy: A Survey by
Economist Petitions: Ideology Revealed by
Do Economists Reach a Conclusion on Organ Liberalization? by
The Unenlightening “Economic Enlightenment in Relation to College-going, Ideology and Other Variables” by
Economic Enlightenment Poll Creates More Heat Than Light by
Identification Problems in Economic Enlightenment Surveys: A Comment on Buturovic and Klein by
A Rigged Test: A Critical Look at Buturovic and Klein’s Conception of “Economic Enlightenment” by

Table of Contents May 2010
Econometric Errors in an Applied Economics Article by
The Euro: It Happened, It’s Not Reversible, So… Make It Work by
When the White House Changes Party, Do Economists Change Their Tune on Budget Deficits? by
Convictions Opposed to Certain Popular Opinions: The 1903 Anti-Protectionism Letter Supported by 16 British Economists
44 Economists Answer Questionnaire on the Pre-Market Approval of Drugs and Devices by
44 Transcripts: Economists Who Answered the Questionnaire on the Pre-Market Approval of Drugs and Devices by
Economic Enlightenment in Relation to College-going, Ideology, and Other Variables: A Zogby Survey of Americans by

Table of Contents January 2010
Editor’s Notes: Acknowledgements 2008-09 by
It Can’t Happen, It’s a Bad Idea, It Won’t Last: U.S. Economists on the EMU and the Euro, 1989-2002 by
I Was a Euro Enthusiast by
A Political Scientist’s Perspective by
Understanding the Euro Requires Political Economy, Not Just Economics by
Reflections on Currency Reform and the Euro by
It Has Happened—And It Will Continue to Succeed by
There Was No Analytical Alternative to the Theory of Optimum Currency Areas by
Mundell Changed His Mind by
The Secret of the Euro’s Success by
The Euro and the German Veto by
Outliers and the Halloween Effect: Comment on Maberly and Pierce by
305 Economists Called to Answer Questionnaire on the Pre-Market Approval of Drugs and Devices by

Table of Contents September 2009
Great Apprehensions, Prolonged Depression: Gauti Eggertsson on the 1930s by
The Policy Views of American Economic Association Members: The Results of a New Survey by
Confession of an Economist: Writing to Impress Rather than Inform by
Preference Falsification in Teaching by
Confessions of a College Non-Economizer by
Economic Dissociative Identity Disorder: The Math Gamer, the Anti-Policy Econometrician and the Narrative Political Economist by
A Reply to Daniel Klein on Adam Smith and the Invisible Hand by
The Scottish Tradition in Economic Thought by

Table of Contents May 2009
Occupational Licensing: Scant Treatment in Labor Texts by
Do Economists Believe American Democracy Is Working? by
The Debate on Shall Issue Laws, Continued by
More Guns, Less Crime Fails Again: The Latest Evidence from 1977 – 2006 by
Adam Smith and the Invisible Hand: From Metaphor to Myth by
In Adam Smith’s Invisible Hands: Comment on Gavin Kennedy by
Intellectual Hazard: A Liberal Selection of Quotations by

Table of Contents January 2009
Editorial Notes January 2009
Goldin and Katz and Education Policy Failings in Historical Perspective by
Some Anomalies Arising from Bandwagons that Impart Upward Sloping Segments to Market Demand by
Yet Another Refutation of the More Guns, Less Crime Hypothesis – With Some Help From Moody and Marvell by
Does Economics Have a Gender? by
Rent Control: Do Economists Agree? by
Desperately Seeking Smithians: Responses to the Questionnaire about Building an Identity by

Table of Contents September 2008
The Debate on Shall-Issue Laws by
Do Economists Reach a Conclusion on Subsidies for Sports Franchises, Stadiums, and Mega-Events? by
Colleagues, Where Is the Market Failure? Economists on the FDA by
The Curtailment of Critical Commentary in Australian Economics by
The Present State of Economic Science by
Toward a Public and Professional Identity for Our Economics by
Uncovering the Costs of the Iraq War by
Correspondence September 2008

Table of Contents May 2008
The Soviet Economic Decline Revisited by
Reply to Brendan Beare by
The Diluted Economics of Casinos and Crime: A Rejoinder to Grinols and Mustard’s Reply by
Connecting Casinos and Crime: More Corrections of Walker by
Smoking in Restaurants: Rejoinder to Alamar and Glantz by
Externalities in the Workplace: A Response to a Rejoinder to a Response to a Response to a Paper by
Reaching the Top? On Gender Balance in the Economics Profession by
On Gender Balance in the Economics Profession by
Mr. Max and the Substantial Errors of Manly Economics by
Diversity in Tastes, Values, and Preferences: Comment on Jonung and Ståhlberg by
Preferences Underlying Women’s Choices in Academic Economics by
What Is the Right Number of Women? Hints and Puzzles from Cognitive Ability Research by
Honestly, Who Else Would Fund Such Research? Reflections of a Non-Smoking Scholar by

Table of Contents January 2008
Foreword: Editor’s Report January 2008
Do Casinos Really Cause Crime? by
Correctly Critiquing Casino-Crime Causality by
Highway Penetration of Central Cities: Not a Major Cause of Suburbanization by
Reply to Cox, Gordon, and Redfearn’s Comment on “Did Highways Cause Suburbanization?” by
Growth Accelerations and Regime Changes: A Correction by
The EITC Disincentive: A Reply to Dr. Hilary Hoynes by
Gulphs in Mankind’s Career of Prosperity: A Critique of Adam Smith on Interest Rate Restrictions by
The Market for Lemmas: Evidence That Complex Models Rarely Operate in Our World by
“Theory” and “Models”: Terminology Through the Looking Glass by
Left Out: A Critique of Paul Krugman Based on a Comprehensive Account of His New York Times Columns, 1997 through 2006 by
Taking Stock of Paul Krugman’s 654 New York Times Columns, 1997 through 2006 by
Sounds of Silence

Table of Contents September 2007
Smoking in Restaurants: Who Best to Set the House Rules? by
Smoking in Restaurants: A Reply to David Henderson by
Deposit Insurance and Moral Hazard: Capital, Risk, Malfeasance, and Mismanagement by
Quantifying Moral Hazard: A Reply to Gary Richardson by
The EITC Disincentive: The Effects on Hours Worked from the Phase-out of the Earned Income Tax Credit by
The EITC Disincentive: A Reply to Paul Trampe by
Got Replicability? The Journal of Money, Credit and Banking Archive by
Thriving at Amazon: How Schumpeter Lives in Books Today by
Economists Against Smoot-Hawley
Correspondence September 2007

Table of Contents May 2007
Symposium Introduction: Trailblazers Too Lightly Mentioned? by
The Economic Analysis of Constitutions: Fatalism Versus Vitalism by
The Empirical Institutions-Growth Literature: Is Something Amiss at the Top? by
Peter Bauer: Blazing the Trail of Development by
The Role of Economists in Liberalizing Swedish Agriculture by
Where Would Adam Smith Publish Today? The Near Absence of Math-free Research in Top Journals by
Model Building versus Theorizing: The Paucity of Theory in the Journal of Economic Theory by
The Internet and the Structure of Discourse: The Websites of Economists at Harvard and George Mason by

Table of Contents January 2007
In Memoriam: Milton Friedman
Empire: Public Goods and Bads by
Death and Taxes, Including Inflation: the Public versus Economists by
Textbooks and Pure Fiscal Policy: The Neglect of Monetary Basics by
Handling Economic Freedom in Growth Regressions: Suggestions for Clarification by
Handling Economic Freedom in Growth Regressions: A Reply to Cole and Lawson by
Do Economists Reach a Conclusion on Household and Municipal Recycling? by
The Practical Utility of Economic Science by
Reasons for Supporting the Minimum Wage: Asking Signatories of the “Raise the Minimum Wage” Statement by

Table of Contents September 2006
On Testing the Connection between Economic Freedom and Growth by
How to Handle Economic Freedom: Reply to Lawson by
Assume the Positional: Comment on Robert Frank by
Taking Libertarian Concerns Seriously: Reply to Kashdan and Klein by
Work Incentives and Employment are the Wrong Explanation of Sweden’s Success by
Second Reply to Bergh by
A Little More Liberty: What the JEL Omits in Its Account of What the Economic Report of the President Omits by
Benjamin Franklin and Colonial Money: A Reply to Michener and Wright—Yet Again by
Knut Wicksell, Gustav Cassel, Eli Heckscher, Bertil Ohlin and Gunnar Myrdal on the Role of the Economist in Public Debate by
Do Economists Reach a Conclusion On Rail Transit? by
Correspondence September 2006 by

Table of Contents May 2006
Is the Swedish Welfare State A Free Lunch? by
The Welfare State Is the Wrong Target: A Reply to Bergh by
Farley Grubb’s Noisy Evasions on Colonial Money: A Rejoinder by
The Costs of Critical Commentary in Economics Journals by
Why Has Critical Commentary Been Curtailed at Top Economics Journals? A Reply to Robert Whaples by
Do Economists Reach A Conclusion on Road Pricing? The Intellectual History of an Idea by
A List of the 364 Economists Who Objected to Thatcher’s Macro Policy by
Reply to Hortlund’s “Defense of the Real Bills Doctrine” by

Table of Contents January 2006
Foreword: Editor’s Report January 2006
Miscounting Money of Colonial America by
Theory, Evidence, and Belief— The Colonial Money Puzzle Revisited: Reply to Michener and Wright by
In Defense of the Real Bills Doctrine by
Damned If You Do: Comment on Schuler’s Argentina Analysis by
Argentina’s problems went far beyond the absence of a strict currency board: Comment on Schuler by
Reply to David Altig and Brad Setser by
Do Economists Reach a Conclusion on Taxi Deregulation? by
Textbook Entrepreneurship: Comment on Johansson by
364 Economists on Economic Policy by
AEA Ideology: Campaign Contributions of American Economic Association Members, Committee Members, Officers, Editors, Referees, Authors, and Acknowledgees by
Sense and Sensibilities: Myrdal’s Plea for Self-Disclosure and Some Disclosures on AEA Members by
Correspondence January 2006

Table of Contents August 2005
Rejoinder to Wittman: True Myths by
Second Reply to Caplan: The Power and the Glory of the Median Voter by
Gold Standards and the Real Bills Doctrine in U.S. Monetary Policy by
Ignorance and Influence: U.S. Economists on Argentina’s Depression of 1998-2002 by
Do Economists Reach a Conclusion on Free-Banking Episodes? by
The Federal Reserve System’s Influence on Research in Monetary Economics by
Decline in Critical Commentary, 1963–2004 by
The Role of Economists in Ending the Draft by
Correspondence August 2005

Table of Contents April 2005
From Friedman to Wittman: The Transformation of Chicago Political Economy by
Reply to Caplan: On the Methodology of Testing for Voter Irrationality by
Rejoinder to Pesendorfer by
Second Reply to Coelho, Klein, and McClure by
Information-Knowledge Symposium: Introduction by
Making Connections by
Information, Knowledge, Understanding and Wisdom by
Information, the Tip of the Tacit Iceberg by
Information-Knowledge and Action-Knowledge by
Why Distinguish Between Information and Knowledge? by
Musings on Information and Knowledge by
Why the Distinction Between Knowledge and Belief Might Matter by
Symposium on Information and Knowledge: Arrow Correspondence by
Geo-Rent: A Plea to Public Economists by
The Ph.D. Circle in Academic Economics by
The Mathematical Romance: An Engineer’s View of Mathematical Economics by
Salute to Schelling: Keeping It Human by

Table of Contents December 2004
Adam Smith’s Invisible Hands by
“Credibility” in Context: Do Central Bankers and Economists Interpret the Term Differently? by
Identity and Politics in School Reform Research by
Fashion Cycles in Economics by
Response to “Fashion Cycles in Economics” by
Rate of Economic Growth, Level of Development, and Income Inequality: Rejoinder to the Reply by Edwards and McGuirk by
Scholasticism versus Pietism: The Battle for the Soul of Economics by
The National Research Council Ranking of Research Universities: Its Impact on Research in Economics by
Economics without Entrepreneurship or Institutions: A Vocabulary Analysis of Graduate Textbooks by
Correspondence December 2004

Table of Contents August 2004
Does Economic Performance Correlate with Big Government? by
Kuznets Curveball: Missing the Regional Strike Zone by
Response to Edwards and McGuirk: Income Level, Economic Growth, and Inequality: Flawed Methodology and Inaccurate Inference by
Reply to Chang and Ram: Statistical Adequacy and the Reliability of Inference by
Statist Quo Bias by
Response to Klein by
Reply to Sunstein by
Rejoinder to De Alessi by
Licensing Doctors: Do Economists Agree? by
The Development Set: The Character of the Journal of Development Economics 2002 by
Institutional Ties of Journal of Development Economics Authors and Editors by
Size Matters: The Standard Error of Regressions in the American Economic Review by
Preference Falsification in the Economics Profession by
Learning to Lose a Leg: Casualties of PhD Economics Training in Stockholm by
Correspondence August 2004

Table of Contents April 2004
Overlooking the Obvious in Africa by
How to Get Real About Organs by
Response to Tabarrok by
Reply to Byrne and Thompson by
Stock Market Efficiency Withstands Another Challenge: Solving the “Sell in May/Buy after Halloween” Puzzle by
An Ivory-Tower Take on the Ivory Trade by
Response to De Alessi by
Reply to Kremer by
Postal Reform by
Prohibition vs. Legalization: Do Economists Reach a Conclusion on Drug Policy? by
Agricultural Economists and the State by
The Social Science Citation Index: A Black Box—with an Ideological Bias? by
Citation Counts and SSCI in Personnel Decisions: A Survey of Economics Departments by
In Sweden, Anti-Globalizationists Dominate Public Discourse, Econ Profs Do Little by
Ken Kam and Market Efficiency by