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David Friedman
6,152 followers -
I am an academic economist who teaches in a law school and has never taken a course for credit in either field.
I am an academic economist who teaches in a law school and has never taken a course for credit in either field.

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Ideas That Teach Economics: A Progress Report
In two previous posts I described my current project to put together a collection of works of literature that teach economics. Inspired in part by comments to those posts, I now have almost half a book's worth and am looking for more. Here is the current li...

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Again Fictional Economics
A while back, I put up a post about an idea for a book, a collection of works of literature that taught economic ideas. Thanks to comments on that post, my list has expanded from two works to four, with a few other possibles. The purpose of this post is to ...

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Free Distance Learning
Both of the courses I am teaching this year are being video recorded and webbed. It occurred to me that some of my readers might find one or both interesting. Economic Analysis of Law Class Page Book: Late Draft in HTML   Page Images with Virtual Footnotes ...

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Propaganda Masquerading as News: The Incredible Shrinking Horse
I recently came across a news story which struck me as a good example of how to mislead people, probably for political purposes, without saying anything that was not actually true. The title was " Watch out: Mammals shrink when Earth heats up, study says. "...

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A Proposal to Triple Tax Robots
Certainly there will be taxes that relate to automation.
Right now, the human worker who does, say, $50,000 worth of work in a
factory, that income is taxed and you get income tax, social security
tax, all those things. If a robot comes in to do the same...

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A Scrap of Libertarian History
I just came across a letter I wrote to Edith Efron in 1978 on the anarchist/minarchist controversy. It occurred to me that others might find it interesting. I don't remember if she ever answered it.  But then, I also don't remember writing it.

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Crazy Like a Fox
One possible interpretation of Trump's actions is that he is ignorant, stupid, impulsive and thin skinned. During the campaign the obvious implication, which many drew, was that he had done and would continue doing stupid things that would lose him the nomi...

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Division Rules and Assortative Mating
 [Warning: This post assumes the reader understands the Principle of Comparative Advantage. Those who don't will find an explanation here .] Assortative mating is the pattern of like partnering with like. A standard example is the tendency of men with colle...

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Anyone Want a Talk in or near Europe?
It looks as though I will be giving a talk in Moscow on May 30th. If I am going to come that far, I might as well give more than one talk. Is anyone in that part of the world interested? Looking at flights to Moscow, they seem to typically go through London...

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An Interesting Mistake
I recently gave and graded a midterm exam on the application of economics to law. On one problem a number of students made the same interesting mistake, interesting for two reasons. It illustrates one of the ways in which it is easy to misunderstand economi...
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