Outside the Beltway

Tipping Economics

· Tuesday, October 2, 2007 · 4 comments

Greg Mankiw observes that “Economists do not have a good theory of tipping.” King Banian contends this is untrue and then demonstrates that economists have many theories of tipping.

Whether any of them amounts to a good theory, however, I shall leave to the reader to decide.

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James Joyner
About James Joyner
James Joyner is Professor and Department Head of Security Studies at Marine Corps University's Command and Staff College. He's a former Army officer and Desert Storm veteran. Views expressed here are his own. Follow James on Twitter @DrJJoyner.

Comments

  1. Andy says:
    Tuesday, 2 October 2007 at 11:43

    Mankiw’s theory of tipping probably involves a pigouvian tax on the gasoline used by the waiters driving to work and writing a number of excuses for Bush’s horrible fiscal policies on the check.

  2. Anderson says:
    Tuesday, 2 October 2007 at 12:26

    In a *real* science, having *many* theories means that you don’t have a *good* theory.

  3. Tlaloc says:
    Tuesday, 2 October 2007 at 12:36

    I’m sorry could we get a list of those areas for which Economists *do* have good theories?

    I promise it won’t take long to compile.

  4. Dave Schuler says:
    Tuesday, 2 October 2007 at 13:30

    Do any of the economists involved have only one hand?

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