We explore examples of positive and negative unintended consequences, what causes them, and how to navigate a world where unanticipated things happen all of the time.
Topics covered include:
- What leads to unintended consequences
- What are some unintended consequences of QE and stimulus, price controls, tax incentives, gun legislation, and marijuana legalization
- How positive unintended consequences and order can arise from the bottom up
- How recent climate legislation could lead to unintended consequences
- Why customers don't always know what they want
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Show Notes
Large rent increases squeeze metro Phoenix tenants by Associated Press—The Journal Record
Unintended Consequences by Karras Lambert and Christopher J. Coyne
The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives by Per L. Bylund
Norway reconsiders electric car privileges by Chris Randall—electrive.com
More Guns, More Unintended Consequences: The Effects of Right-to-Carry on Criminal Behavior and Policing in Us Cities by John J. Donohue, Samuel Cai, Matthew Bondy, and Philip J. Cook
Marijuana Legalization and Fertility by Sarah Papich
Japan’s latest alcohol advice: please drink more by Leo Lewis and Kana Inagaki—Financial Times
The Poverty of Historicism by Karl Popper
How the New Climate Bill Would Reduce Emissions by Nadja Popovich and Brad Plumer—The New York Times
Democrats Designed the Climate Law to Be a Game Changer. Here’s How. by Lisa Friedman—The New York Times
Economists’ Statement on Carbon Dividends; The Largest Public Statement of Economists in History—Climate Leadership Council
Why We Don't Have a Carbon Tax by Paul Krugman—The New York Times
Lean Startup and the Business Model: Experimentation Revisited by Teppo Felin, Alfonso Gambardella, Scott Stern, and Todd Zenger
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