[…] I must out of courtesy and caution reserve judgment on any laws that Professor Stigler may unveil. For, as I learned when our friendship began long ago, George Stigler can do anything– anything but be boring.
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At the root of the difference between the Libertarian and welfarist-Utilitarian conception of optimal tax policy is the relationship of the individual to the state. The welfarist-Utilitarian model sees the state as an entity outside the individuals who compose it, in that the government puts in place policies that are optimal according to its own social welfare function.
Some recommendations among the books I’ve recently finished reading:
“On Bullshit” by Harry Frankfurt, truly a gem of a book (in fact a book in miniature; it can be read in less than an hour). Teaches you the obvious and not so obvious differences between “bullshit”, “humbug” and “lies” & much more than that… I guarantee you that you’ll love it; I chose a fragment of this book as last week’s quote on my blog.