Adam Smith's market never stood alone

I like this as far as it goes, but why not make the point that there is a role for government in solving the market failures that lead to the lack of job insurance for vulnerable workers (and *perhaps* for solving the inequality problem as well if it progresses beyond some threshold)?:

|Peter Boettke| I had the great privilege of introducing Elinor Ostrom tonight.  She is a very special person and we were all very fortunate to have her join us tonight.  Here are my introductory remarks:

Via Steve Benen, a fascinating point from Jay Bookman—Republican politicians are much more conservative than the self-identified Republican electorate:

Steven HorwitzSome of you may have seen a variety of blog posts in the last week or two discussing the results of a Pew survey in which people were asked whether they viewed a variety of political terms positively or negatively.  Tim Cavanaugh at Reason has most of the data and a libertarian perspective on it.  The results are not too bad for libertarian-minded folks.

The enormous tragedy for young people today is that so many are sealed off by law from any involvement in the commercial marketplace… until it is too late. This means that they know not the heartbeat of civilization itself. This terrible condition persists until their young adulthood. It is their luxury — for the first time in world history! — to sit at desks for a full decade after they are old enough to be working. Instead of skills and experience, they mostly learn little how to be bored for extended periods.

Argumentative Indians it is. The Amartya Sen-Bhagwati face-off deepened with Gujarat, Modi right at the centre of it. While Sen offered to return his Bharat Ratna, Bhagwati reiterated his support for Gujarat growth model.