Line graph of the day: EU's refugee problem

Gary Becker's last paper?

Published posthumously: "A theory of intergenerational mobility" (August 2015).
http://www.kellogg.northwestern.edu/faculty/spenkuch/research/mobility.pdf

Milton Friedman on free international trade

Optimal bibliography

Where Becker went wrong

Excerpt from Tabarrok on MR:

Inspired by Becker, a large, credible, empirical literature–including my own work on police (and prisons)–has demonstrated that this is no myth, the police deter. Score one for rational choice theory. It’s a far cry, however, from police deter to twenty years in prison deters twice as much as ten years in prison. The rational choice theory was pushed beyond its limits and in so doing not only was punishment pushed too far we also lost sight of alternative policies that could reduce crime without the social disruption and injustice caused by mass incarceration.

Intellectual incest among academic economists

Insightful paper.
http://www.palgrave-journals.com/eej/journal/v41/n2/pdf/eej201478a.pdf