Alex Tabarrok
Alex Tabarrok
Alexander Taghi Tabarrokis a Canadian-American economist and co-author, with Tyler Cowen, of the economics blog Marginal Revolution. Tabarrok and Cowen have also ventured into online education with Marginal Revolution University...
NationalityCanadian
ProfessionEconomist
CountryCanada
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It used to be that almost all innovation came from the U.S. and a small number of other developed countries. That's no longer the case, and as China and India grow, it's changing even more. Expect a lot more Chinese and Indian Nobel prizes in the future.
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Television is much more complex, brain-challenging and involved than it used to be. It's almost impossible to watch a television show from 15 years ago; it's just too boring. I think modern television shows, with their intricate plots, are stimulating our minds. This is one reason IQs have been going up.
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People used to think that more population was bad for growth. In this view, people are stomachs - they eat, leaving less for everyone else. But once we realize the importance of ideas in the economy, people become brain - they innovate, creating more for everyone else.
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Today it is evident that we have two political parties: the Tax and Spenders and the No-Tax and Spenders. Neither party is fiscally conservative. Is there no room at the inn for an honest conservative? A conservative who makes the case for smaller government on its merits and not just as the fallback option when fiscal bankruptcy threatens?
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The term 'natural resources' confuses people. 'Natural resources' are not like a finite number of gifts under the Christmas tree. Nature is given, but resources are created.
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The obsessive focus on a college degree has served neither taxpayers nor students well. Only 35 percent of students starting a four-year degree program will graduate within four years, and less than 60 percent will graduate within six years. Students who haven't graduated within six years probably never will.
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When the FDA forces an old drug off the market, patients have very little say in the matter. Patients have even less of a say when the FDA chooses not to approve a new drug. Instead, we are supposed to rely on the FDA's judgment and be grateful. But can the FDA really make a choice that is appropriate for everyone? Of course not.
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There is no right to a job or a wage rate, but there is a right to move from one country to another in search of a better life. This is the point of view of Thomas Jefferson, John Locke and other great supporters of the natural rights tradition in America.
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Our obsessive focus on college schooling has blinded us to basic truths. College is a place, not a magic formula. It matters what subjects students study, and subsidies should focus on the subjects that matter the most - not to the students, but to everyone else.
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Well-roundedness comes not from sitting in a classroom but from experiencing the larger world.
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If China and India were as rich as the United States is today, the market for cancer drugs would be eight times larger than it is now.
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As far as wages are concerned, the only difference between immigration and birth is that birth takes longer.
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Writing on the blog, you want to get attention and make strong claims. In academic work, that often doesn't pay, so sometimes it's a little bit difficult going back and forth to navigate these differences.
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Michael Moore didn't have to worry that anyone would misinterpret the title of his film, 'Capitalism: A Love Story,' because in Hollywood, no one loves capitalism. That's too bad, because Hollywood is one of capitalism's greatest successes.