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.

Yves here. In this post, Michael Perelman continues his discussion of Adam Smith’s The Wealth of Nations. Here, he focuses on the contradiction between Smith’s laissez faire attitude towards commerce and the need he saw for extensive control of the behavior of workers. By Michael Perelman, a professor of economics at California State University, Chico Military Discipline, Market Discipline

By Situm:A few months ago an interesting debate took place between Larry Smith, a retired biotech analyst who writes for Seeking Alpha as well as his own website, SmithonStocks.com and Adam Feuerstein who writes for the Street.Com regarding Northwest Biotherapeutics (NWBO). Mr. Feuerstein basically called out the data from NWBO's phase i/ii trials and Mr. Smith rebutted the critique.

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.

from Lars Syll Interviewed by Olaf Storbeck and Dorit Hess, Nobel laureate Amartya Sen makes some interesting remarks on the state of modern economics: Question: Professor Sen, do you have the impression that economists and economic policy makers are learning the right lessons from the most severe economic and financial crisis since the Great Depression? [...]