Expressive Voting, Rational Irrationality, and the Size of Government

A recent homework question asked: Expressive voting and rational irrationality seem to predict that local governments will be more efficient than state governments, which will in turn will be more efficient than federal governments. Are these predictions true? Carefully explain your answer. Is there any reason why we should expect this relative ranking to be … Read more Expressive Voting, Rational Irrationality, and the Size of Government

Zotero Reference Manager is Cool

Zotero is a reference manager which is a helpful tool during a literature research. This article describes why it’s cool. Reasons it’s cool: It’s a free and highly rated unobtrusive browser add-in that’s been around for a while and is bug free. Some journals won’t show you how to cite a paper in various ways … Read more Zotero Reference Manager is Cool

Issues in Modern Microeconomics

This is the longer form of a term paper turned in as part of Wagner’s Theory of the Market Process II, Spring 2017. The more concise version, which was actually turned in, is available for download here. Introduction This paper argues that modern microeconomics would benefit from the incorporation of ethnography into the skillset of … Read more Issues in Modern Microeconomics

A Simple Argument for Objective Value

I’m an economist. I’m studying at GMU, a university known for carrying on the Austrian tradition. While all economists recognize subjectivism, variously understood, I’ve talked about how Austrians are particularly extreme subjectivists and dubious of objective value. This article presents a simple economic argument for objective value. A recent Leeson class was typical. A discussion … Read more A Simple Argument for Objective Value

Experimental Identification of the Preference Effect

The below was a term paper for Dr. Stratmann’s ECON 895, “Empirical Micro Economics,” also known as Microeconometrics, Fall 2016 at GMU. The figures referenced are in the Word document but not in the website article. Download the Word document here. It’s better formatted anyway I think. Abstract Prices, the distribution of income, and individual … Read more Experimental Identification of the Preference Effect

A Review of Subjectivism and Economics

In preparation for an article arguing in favor of objective value, this article goes over comparative views on subjective value among economists. Basically, all economists recognize subjective value, but to different extents and with subtly different meaning. I claim that Austrians emphasize subjective value in a decidedly more extreme way compared to other schools. I … Read more A Review of Subjectivism and Economics