Around the Blogs, Vol. 54: Economics, Broadly Conceived

1. The case against voting

2. Talk is not cheap.

3. The limits of incentives

4. Link of the month (actually, from last month, but never mind): "There are three ways to allocate resources. The market is best; soviet central planning is second best; and the Hobbesian State of Nature is by far the worst. And right now I'm trying to drag you miserable lot out of the Hobbesian State of Nature into soviet central planning." Nick Rowe remembers his time as a university bureaucrat.

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