Beyond behaviorism, positivism, and neo-institutionalism in economics: a conversation with Deirdre Nansen McCloskey

Paolo Silvestri interviews McCloskey about her forthcoming book, ‘Beyond Behaviorism, Positivism, and Neo-Institutionalism in Economics’, critical of recent economics, especially of neo-institutionalism. Neo-institutionalism uses the ugly character ‘Herr Max U’ as its central idea: the elevation of Prudence to the only virtue. Institutions are mainly intermediate, not ultimate, causes in Read more…

Niclas Berggren and Martin Ljunge: Good Faith and Bad Health: Self-Assessed Religiosity and Self-Assessed Health of Women and Men in Europe

Religion exerts a powerful influence on many people’s lives. In their new paper, NOUS member Niclas Berggren and Martin Ljunge investigate how self-assessed religiosity affects self-assessed health in Europe. Their sample consists of individuals with a native father and an immigrant mother from another European country. This sample allows for Read more…

Désirée I. Christofzik, Steffen Elstner, Lars P. Feld & Christoph M. Schmidt: Unraveling the Productivity Paradox: Evidence for Germany

Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth. In their new paper, NOUS member Lars Feld along with Désirée I. Christofzik, Steffen Elstner, and Christoph M. Schmidt empirically analyze three prominent explanations for this development. First, using a novel quarterly utilization-adjusted total Read more…

Peter J. Boettke, Alexander W. Salter & Daniel J. Smith: Money and the Rule of Law

Contemporary monetary institutions are flawed at a foundational level. The reigning paradigm in monetary policy holds up constrained discretion as the preferred operating framework for central banks. But no matter how smart or well-intentioned are central bankers, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. Read more…