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Do Individuals Measure Value? Ludwig von Mises vs. David Friedman »

In a recent blog post, Bryan Caplan favorably quoted David Friedman, who claimed in his book Hidden Order that economists believed that everything—including happiness—can be measured in money, or in units of anything else, for that matter. Friedman and Caplan are deliberately trying to jolt the reader, but they believe the claim is defensible once put into...
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Jurors’ Moral Duty »

Panelists David Friedman and Judge Alex Kozinski had a lively exchange in response to a question about the doctrine of jury nullification during the Q&A portion of our recent Independent Policy Forum, “Is U.S. Justice Broken? Overcoming Government Legal Failure“, based on our book, The Pursuit of Justice: Law and Economics of Legal Institutions,...
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