Re: Senators Denounce Policy Analysis Markets
said the market would focus on the economic, civil and military futures of Egypt, Jordan, Iran, Iraq, Israel, Saudi Arabia, Syria and Turkey and the consequences of United States involvement with those nations. The creators of the market envision other trappings of existing markets like derivatives. In a statement, Darpa said the trading idea was currently a small research program that faces a number of major technical challenges and uncertainties. Chief among these, the agency said, are: Can the market survive and will people continue to participate when U.S. authorities use it to prevent terrorist attacks? Can futures markets be manipulated by adversaries? Mr. Dorgan and Mr. Wyden called for an immediate end to the project and said they would use its existence to justify cutting off financial support for the overall effort. In the letter to Admiral Poindexter, they called the initiative a wasteful and absurd use of tax dollars. The American people want the federal government to use its resources enhancing our security, not gambling on it, the letter said. Prof. Peter J. Boettke, Deputy Director James M. Buchanan Center for Political Economy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Phone: 703-993-1149 FAX: 703-993-1133 Email: [EMAIL PROTECTED] HomePage: http://www.gmu.edu/departments/economics/pboettke Editor, THE REVIEW OF AUSTRIAN ECONOMICS
Re: Income mobility in the US
The Cox and Alm book is based on studies from the Dallas FED, and they get their data to a large degree the University of Michigan Panel data which has been tracking income mobility. So I think the skeptics will have a hard time dismissing the book as based on weak data, etc. Prof. Peter J. Boettke, Deputy Director James M. Buchanan Center for Political Economy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Phone: 703-993-1149 FAX: 703-993-1133 Email: [EMAIL PROTECTED] HomePage: http://www.gmu.edu/departments/economics/pboettke Editor, THE REVIEW OF AUSTRIAN ECONOMICS
Re: Austrians and markets
The institutions of property, prices and profit and loss are at best approximated in science --- we have at best attenuated property rights, etc. The coin of the realm in science is pretige and reputation. It is not necessarily a cash nexus, though of course some drug research etc. does have this implication -- but we were talking about economic science originally. I highly recommend Kenneth Boulding's work on the waste of resources in intellectual markets --- paper can be found in his Collected Writings edited by Fred Glahey. Pete Prof. Peter J. Boettke, Deputy Director James M. Buchanan Center for Political Economy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Phone: 703-993-1149 FAX: 703-993-1133 Email: [EMAIL PROTECTED] HomePage: http://www.gmu.edu/departments/economics/pboettke Editor, THE REVIEW OF AUSTRIAN ECONOMICS
