September 14, 2006
Do Drinkers Earn More?

Ed Stringham and Bethany Peters have a new study (.pdf) arguing that they do. The study is receiving considerable media attention. Note: this is just an edited version of their recent Journal of Labor Research article.

Posted by Joshua Hall at 12:41 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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