Of Plutocrats and Arguments

At the meeting of the American Economic Association in Boston last weekend, there were protests organized by a group calling itself "Kick It Over," who, as the Washington Post styled it, were "battling for the soul of economics." Their protest included heckling and disruptions of the talks given by Gregory Mankiw, Larry Summers, and Carmen Reinhart. … Continue reading Of Plutocrats and Arguments

Breaking News: Otteson to Wake Forest University

[Cross-posted here.]Dear Friends, Students, and Colleagues:I have accepted a new position and will be leaving Yeshiva University. As of September 1, 2013, I will be the executive director of the BB&T Center for the Study of Capitalism at Wake Forest University.This is a tremendous opportunity for me. The Center is beginning its sixth year of existence, having been … Continue reading Breaking News: Otteson to Wake Forest University

Marriage and Culture Change

My marriage is a sacred compact between my wife and me before God. No law, proposition, or court decision can ever change that. The government's recognition of my marriage did not make it the sacred compact that it is; the government's recognition of anyone else's relationship does not affect what mine is; and no legal … Continue reading Marriage and Culture Change

Congratulations, Grover!

After no fewer than six attempts, United States president Grover Cleveland has finally been inducted into the New Jersey Hall of Fame. (Yes, there is such a thing, apparently.) It is a long-overdue honor, but it is well deserved. Of course, President Cleveland has to share the honor with co-inductees like Whitney Houston and Joe … Continue reading Congratulations, Grover!

Adjunct Professors and the Modern Guild

An article on the plight of adjunct professors in higher education, "Labor of Love or Cheap Labor? The Plight of Adjunct Professors," was brought to my attention by its author, Celine James. Ms. James kindly asked me for my thoughts about her article. I thought Pileus readers might be interested in what I sent her. … Continue reading Adjunct Professors and the Modern Guild

A State of the Union Address I Would Like to Hear

Inspired by Marc's post, I would like to reprint a State of the Union address---really an inauguration speech---that Frédéric Bastiat offers in his 1850 Economic Harmonies: "You have invested me with the power of authority. I shall use it only in cases where the intervention of force is permissible. But there is only one such case, … Continue reading A State of the Union Address I Would Like to Hear

Nothing to Work For

Richard Vedder has an op-ed in the WSJ today discussing the costs to American productivity that having fewer people working is having. The cost is substantial: According to Vedder, whereas from the 17th century through the 20th American wealth averaged a robust 3.5% annual growth, during the first twelve years of the 21st century it … Continue reading Nothing to Work For