Measure what is measurable, and make measurable what is not so. -Galileo Galilei Any science contends with a difficult problem: there are things we want to understand, but we cannot easily measure those things. Any tool for measurement will inherently have technical limitations (that is, limited by the technology of the time) and be subject […]

Econlib Blog

17.09.2025

The Anthropic Settlement: A $1.5 Billion Precedent for AI and Copyright - Econlib

Last week, Anthropic, the AI company behind the Claude chatbot, settled a landmark class-action lawsuit for $1.5 billion. The amount is very large in the context of copyright legal cases, yet it represents just a fraction of Anthropic’s estimated $183 billion valuation. Authors and publishers, led by figures like Andrea Bartz and Charles Graeber, accused […]

Econlib Blog

18.09.2025

The Problem with Government-Run Grocery Stores - Econlib

In 1989, Russian President Boris Yeltsin took a famous trip to a grocery store in Texas. The event lives on in popular history because of this famous photograph. Yeltsin was amazed by the food availability in the US, in contrast with the breadlines of the Soviet Union. Markets successfully catered to customers, whereas government central […]

Econlib Blog

18.09.2025

Preference Falsification, Marginal Cost, and Cancel Culture - Econlib

In my earlier post on preference falsification, I argued that a culture of free speech and open debate is a necessary factor for the benefits of free speech to be fully realized. This post expands on that, examining a common fable involving preference falsification, how the dynamics of preference falsification are different in reality than […]

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The Measurement is Not the Thing - Econlib

The Anthropic Settlement: A $1.5 Billion Precedent for AI and Copyright - Econlib

The Problem with Government-Run Grocery Stores - Econlib

Preference Falsification, Marginal Cost, and Cancel Culture - Econlib

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