Friday, June 12, 2026

Best books of 2026 so far (a small publishing adventure, with pictures)

 At one month post-publication of Moral Economics, I continue to get small bits of feedback.  Here's one, from the editors of Amazon.

Best Business & Leadership Books of 2026 So Far 

 

 Neither first nor last on the list:

 ,,,

And that list is one among many that Amazon compiles:

 

 

With so many best books, I asked Microsoft Copilot for an estimate of total numbers of new books annually, and got this table, which notes that the vast majority of new books are self-published. (I wonder how many are written by A.I....):

 

 

While I'm on the subject, here's a picture a friend sent me from a bookstore in Chicago's OHare airport. (Maybe Moral Economics is an airport book after all:)

IMG_0878.jpeg 

Thursday, June 11, 2026

Euthanasia and hospice care for pets

Medical aid in dying and hospice care are now available for pets too. 

 The New Yorker has the story:

When Should You Say Goodbye to a Pet?
Across the country, the booming industry of pet hospice is teaching people how to face the loss of their beloved companions.
By Sunita Puri 

" In the nineteen-seventies, hospice care evolved as more people resisted the compulsion to extend life at all costs, preferring instead to focus on dying comfortably, often at home. Now caring for a sick pet involved the same questions: What is a good quality of life? How much suffering is too much? And when is the right time to let go?

...

"The concept of pet hospice emerged in the eighties and nineties. In 1994, Amir Shanan, a Chicago-based veterinarian, was asked by a couple to euthanize their beloved dog at home. He started to advertise his work, and more people began calling. Their desire to give their pets a graceful end was so strong that they were willing to invite a stranger into their homes to do it. Shanan was astounded.

"Eventually, pet owners began to tell Shanan that they needed his help well before it was time for euthanasia. “With euthanasia, the focus is on the time of death, and grief after the loss, but there is so much more that happens in the time between a bad diagnosis and death,” Shanan told me. 

...

" In 2009, he founded the International Association for Animal Hospice and Palliative Care, which now has more than fifteen hundred veterinarian-members around the world. Shanan recruited a team that helped him develop guidelines, create a training program for veterinarians, and write an early textbook on the subject, which was published in 2017. The organization believes that dying is “a normal process,” and that its work allows pets and their families “to attain a degree of mental and spiritual preparation for death.”

"Although pet hospice is modelled on human hospice, there are fundamental differences between the two. Human hospice, which is covered by most insurance, involves treating the emotional, spiritual, and physical suffering caused by a terminal illness as it unfolds naturally. Enrollment requires a prognosis of less than six months to live, and euthanasia is never considered. (Some states have legalized medical aid-in-dying, in which patients self-administer a life-ending medication, but euthanasia, in which the medication is administered intravenously by a health-care provider, is illegal in the United States.) "

Wednesday, June 10, 2026

Will cloned horses end progress in horse breeding?

 The WSJ has the story:

 More Top Horses Are Being Cloned, Rattling the World of Equestrian Sports
"Exact genetic replicas of successful steeds, long popular in polo, are appearing in other disciplines. Some ask: Is it the end of the happy accidents that breed ever-better horses?  By  Alexandra Wexler

"For generations, the world’s top horse breeders have carefully mixed bloodlines for temperament, strength, conformation and athleticism. Each new foal bore the promise of outperforming a carefully chosen set of parents. It isn’t quite natural selection, but it isn’t far off.

"Now the equestrian world might be hitting a plateau: exact genetic replicas of successful horses and ponies. In other words, clones.

...

"Polo player Adolfo Cambiaso, regarded by many in the sport as the greatest of all time, essentially created the sporthorse cloning industry when he made a slew of genetic copies of his best ponies, starting in the early 2000s—and began winning tournaments on them.

"In 2010, a clone of his champion mare Cuartetera sold at auction for $800,000, an eye-popping sum for a polo pony at the time

...

"Cloning is a controversial practice, but particularly so in horse sports. It is banned in thoroughbred racing and competitors in other disciplines are divided, with some saying it creates unrealistic expectations and stifles advances in breeding.

...

"The Fédération Equestre Internationale, the governing body for Olympic horse sports, banned clones from competition in 2007. But it reversed that decision in 2012 after determining they didn’t provide competitors with an unfair advantage, due to the myriad environmental factors that go into producing a champion, like parentage, training, the rider, the type of food it eats and even the shoes it wears. 

...

"Buenos Aires-based Kheiron Biotech, an equine cloning company, produced around 400 cloned horses during the season that ended in February, mostly of various polo ponies. "

########

Clone your pet. 



 

 

Tuesday, June 9, 2026

Privacy and prices: will A.I. accelerate surveillance pricing?

If A.I. assisted "surveillance pricing" is going to identify you as a high willingness-to-pay consumer, maybe it will be a good idea to train an A.I. shopping agent to impersonate a low willingness-to-pay consumer on your behalf.

The WSJ has the story: 

What Is Personalized Pricing—and Why Are Lawmakers Scrambling to Ban It?
Companies already track your every move online. Some researchers say it is only a matter of time until retailers start using that data to set prices just for you.
By Jackie Snow 

"Businesses have long tracked customers’ search behavior and buying history and used that information, along with other factors like a consumer’s location, to offer promotions and discounts to motivate purchases. Dynamic pricing, where the same fare or rate shifts for everyone based on supply and demand, also has become common across industries, including airfares and ride-shares. What is different now and concerning to researchers is the possibility that online retailers could use personal data to set a higher base price for individual consumers, without their knowledge, when algorithms detect things like urgent need or high disposable income.

...

"It is difficult to find more than isolated cases currently. However, many researchers believe personalized pricing will become increasingly common as the technology to make it possible improves.
...

" Software that automates price-setting—often driven by artificial intelligence—can help retailers seamlessly turn that data into tailored pricing.

"In early 2025, the Federal Trade Commission released initial findings of an investigation into surveillance pricing (another term for personalized pricing). It determined that companies were selling pricing and consumer-data tools to help retailers across various industries set individualized prices—a strong indication to some researchers that retailers were headed in that direction. 

Monday, June 8, 2026

Law grads are taking multiple judicial clerkships

 Here's a paper that points to the increasingly common practice of law grads taking multiple consecutive clerkships.

George, Tracey E. and Yoon, Albert and Gulati, Mitu, Stacking the Deck (May 29, 2026). Virginia Public Law and Legal Theory Research Paper No. 2026-33, Virginia Law and Economics Research Paper No. 2026-10, Vanderbilt Law Research Paper, Available at SSRN: https://ssrn.com/abstract=6850719 or http://dx.doi.org/10.2139/ssrn.6850719 

Abstract
A federal judicial clerkship is a government-funded Golden Ticket that opens doors otherwise closed to most. This ticket grants entry to a one-year apprenticeship-an exclusive glimpse behind the judiciary's gates that functions as a mentorship-rich fourth year of law school. Historically, a second passage through those gates was exceedingly rare, typically reserved for those en route to the Supreme Court. That norm has fractured. Increasingly, graduates make repeated passes through the gates, taking two, three, or even four clerkships in succession-a practice now known as "stacking." Each additional passage comes at a cost: it reduces the number of clerkship opportunities available to others and delays the clerk's entry into the legal profession. Drawing on roughly 130 interviews with judges, we examine both the rise of stacking and the forces driving it. Our central argument is that stacking is not an irrational pathology but a rational market response to a structural information failure-and that well-intentioned reform efforts have, perversely, made the problem worse. Judges agree that certain forms of stacking are troubling. Yet few see ready solutions. The problem, as they describe it, is not a lack of awareness but a structure of incentives that makes restraint individually irrational, even if the collective outcome is seen as suboptimal. This Essay diagnoses those structural failures and evaluates the most promising paths forward. 

Sunday, June 7, 2026

Marital sorting by income and education--a marriage squeeze for women who don't attend college

 More American women than men now attend college, and this has created a marriage squeeze for women who don't attend college, as the highest-income non-college men increasingly marry college-educated women.

Bachelors Without Bachelor's: Gender Gaps in Education and Declining Marriage Rates
Clara Chambers, Benjamin Goldman & Joseph Winkelmann
NBER Working Paper 35179 DOI 10.3386/w35179  May 2026


Abstract: Over the past half-century, U.S. four-year colleges have shifted from enrolling mostly men to enrolling mostly women, while the economic position of non-college men has weakened markedly. We examine how these changes correspond with the evolving structure of marriage markets across cohorts and places. As college men have become increasingly scarce, college women have maintained stable marriage rates by marrying high-earning non-college men. This shift—combined with the broader economic decline of non-college men—has sharply reduced the pool of economically stable partners available to non-college women: the share of non-college men who earn above the national median and are not married to college women has fallen by more than 50%. Cross-area evidence shows that education gaps in marriage are smaller where non-college men face lower rates of joblessness and incarceration. Taken together, the evidence suggests that deteriorating outcomes for men have primarily undermined the marriage prospects of non-college women

 

 

 

Saturday, June 6, 2026

Two audio podcasts about Moral Economics, interviews by a Texan, and by a libertarian

 First, from NPR radio station KERA for North Texas, the Think talk show podcast (interview by Krys Boyd):

What black markets can teach us about the economy
June 3, 2026 

  "To really understand the nuts and bolts of economics, look to the black market. Alvin E. Roth is Craig and Susan McCaw Professor of Economics at Stanford University and the George Gund Professor of Economics and Business Administration Emeritus at Harvard University. He was awarded the Nobel Prize in Economics in 2012. He joins host Krys Boyd to discuss his work on organ donation which led him to study what he called “repugnant transactions” like sex and drugs and why he feels banning them completely doesn’t always have the effect we think it does. His book is “Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal About How Markets Work.”


    Transcript (also at the above link)

Here's a very contemporary Texas question: 

"Krys Boyd [00:25:48] I’m really curious, Alvin, about whether making things illegal has much of an effect on things. I live in Texas, where recreational marijuana is against the law. I can tell you just anecdotally that it appears to not stop very many people. You pose this interesting question about why the laws work pretty well to keep people from committing murder for hire, but not so well at all from buying and selling illegal drugs. "

######### 

And here, from the libertarian think tank Cato is the  Cato Podcast • June 4, 2026   The Markets We Love to Ban (audio only, interview by Ryan Bourne)

"Kidneys, surrogacy, prostitution, gambling, price gouging, assisted dying: some transactions make people recoil, even when all parties consent. Cato’s Ryan Bourne talks with Nobel Prize-winning economist Alvin Roth about his new book, Moral Economics, what makes markets “repugnant,” what economists can add to moral debates, and why banning exchange rarely makes scarcity, exploitation, or hard trade-offs disappear."