Peter Boettke & Christopher Coyne: The Economic Logic Behind the Ultimate Resource

Using economic reasoning, Julian Simon offered crucial insights into a range of pressing issues including the environment, immigration, and economic development. The main lesson from Simon’s scholarship is that the ultimate resource does not reside in the ground (natural resources), or even in the accumulated wisdom and knowledge in books Read more…

Rosolino Candela and Peter Boettke: The Applied Theory of the Bourgeois Era: A Price-Theoretic Perspective

What can we learn about applied price theory from the Bourgeois Era? In their latest paper, NOUS members Rosolino Candela and Peter Boettke contend there are three important lessons that can be extracted from McCloskey’s work on the Great Enrichment. First, transaction costs are not constraints, but objects of choice. Read more…

Daniel B. Klein: On Jordan Peterson, Postmodernism, and PoMo-Bashing

Jordan Peterson says that postmodernists say no interpretation is better than another. Hmm. I would no sooner identify Peterson’s adversaries as those who have been misled by “postmodernism” than I would identify them as misled by “sustainability,” “diversity,” “multiculturalism,” or “intersectionality.” Such fare is mainly symptomatic. “Postmodern” invocations are often Read more…

Daniel Fujiwara/Ulrike Hotopp/Ricky Lawton: Lighting the way for C2 Connecting Communities. Social impact valuation of the beacon project 1995-2001.

When you look at the amazing results from this report it is clear why this study, along with other academic research and newspaper articles all looked at the events and actions in a small council estate in Cornwall between 1997 and 2005. Here we have empirical evidence that involving residents Read more…