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The Becker-Posner Blog
http://www.becker-posner-blog.com/index.html



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The Becker-Posner Blog Latest Posts

Are Newspapers Doomed?--Posner
A newspaper is a bundled product. A bundled product is one that combines a number of products the demands for which may be quite different--some consumers may want some of the products in the bundle, other consumers may want other products in the bundle. (Another good example is the Windows... Read more...
Published 6 days ago


Yes, Newspapers are Doomed-Becker The number of general-purpose newspapers has been declining in cities ever since the growth of television, and the decline accelerated after the Internet was developed. The trend downward will continue, and perhaps even accelerate. I do not see much of a future... Read more...
Published 6 days ago

Energy Prices, Offshore Drilling, and an "Excess" Profits Tax-Becker
Increases in energy prices sharply accelerated during the past year, as the price of oil more than doubled, and gasoline prices in United States rose by 25 percent. Responding to these price increases, Senator McCain and President Bush have called for an end to the 27-year old federal moratorium... Read more...
Published 2 weeks ago

Oil Prices, Offshore and Alaska Drilling, and Excess Profits Taxes--Posner's Comment
Although I worry more than Becker does about the environmental consequences of the production and consumption of oil, and although I want oil prices to remain high--indeed to continue rising--I largely agree with his analysis of the rival proposals for dealing with the present "crisis": allowing... Read more...
Published 2 weeks ago

Have We Lost the Moral Values That Undergird a Commercial Society?--Posner
David Brooks is one of the most thoughtful newspaper columnists. In a recent op-ed ("The Great Seduction," New York Times, June 10, 2008, p. A 23), he argues that the founders of the nation "built a moral structure around money. The Puritan legacy inhibited luxury and self-indulgence. Benjamin... Read more...
Published 3 weeks ago

Borrowing and Consumption over the Life Cycle-Becker
The types of loans available to consumers have grown at unprecedented rates during the past 40 years. These include credit card debt, expanded availability of mortgages, student loans, payday loans, reverse mortgages, and many other types. The provocative social commentator and columnist David... Read more...
Published 3 weeks ago

The Boom in College Education-Becker
The worldwide boom in college education during past several decades has been as remarkable as it was unexpected. Many economists in the United States were claiming in the 1970s that college education was overrated, at least as far as its effects on earnings. Yet starting in the late 1970s, the... Read more...
Published 4 weeks ago

The Boom in College Education--Posner
The increased percentage of persons who go to college is not surprising. Advances in technology have reduced the demand for brawn and increased the demand for brains. But several significant questions (concerning college education in the United States, to which I confine this comment) remain: ... Read more...
Published 4 weeks ago

The Cost of Infrastructure Deterioration--Posner
The term "infrastructure" is much used but lacks a clear definition. I shall use it to mean inputs, often provided by government rather than private enterprise, into a very large variety of products and services. Good examples are transportation, communications (including the Internet),... Read more...
Published 1 month ago

Infrastructure and the Value of Time-Becker
Time is the most precious resource of men and women, and even older children. This is why it is disturbing that so much time is wasted through bad policies of the public authorities that manage infrastructure. I have been bothered for many years by the tendency of local and state authorities to... Read more...
Published 1 month ago

Paying the Poor to Improve their School Performance-Becker
In the mid-1990's Mexico started an anti-poverty program, called Progressa, that revolutionized the way low income countries try to reduce child labor and the school dropout rate. This new approach typically pays poor parents to keep their children in school and to take them for regular health... Read more...
Published 1 month ago

Paying Children to Go to School--Posner's Comment
The Mexican and New York City programs are well described in Becker's post and in a recent article in the Financial Times by Christopher Grimes, "Do the Right Thing," May 24, 2008, www.ft.com/cms/s/0/a2f1b24a-292a-11dd-96ce-000077b07658.html?nclick_check=1. I cannot comment on the Mexican... Read more...
Published 1 month ago