“In 1940, Hayek (1940 [1972], 198-199) wrote an article that analyzed and criticized Lange’s model in great detail and explained, point by point, which implications of the model were problematic. Lange was deeply impressed by these critiques, and acknowledged that Hayek had succeeded in raising a series of essential errors and problems with the model: «There is no question that you have succeeded in raising essential problems and in showing gaps in the pure static solution given by me. I intend to work in this subject and give an answer to your paper … sometime in the fall.» (Lange, in a letter to Hayek dated August 31, 1940) Such an answer never came.”
Imagine what would have become of declaring who won the socialist calculation debate if this 1940 letter was better known. Hayek never mentioned the letter. The letter from Lange was found in Lange’s complete works published in 1973 in Polish.
Homeowners are being forced to tear out air conditioning from their properties under Net Zero laws that prioritise “passive cooling” and only permit “active cooling” as a “last resort”. The Telegraph has the story. The post Air Conditioning Torn From Homes Under Net Zero Clampdown appeared first on Watts Up With That?.
Most pharmaceuticals involve high upfront costs, to discover and test the drug, and very low marginal costs. Another pill can be printed almost for free. That cost structure favors health systems, such as that of Britain, that try to pay lower for services. They can end up getting a relatively good deal from price discrimination. …
You guessed it! Coal and gas! It’s wonderful, all of this “renewable” electricity! The post No Wind? No Sun? What Could Possibly Go Wrong? appeared first on Watts Up With That?.
There is talk of this with the pending change in PM, but I would not do it. I am quite aware that a) not all of the privatisations went well, and b) American data indicate that state-owned utilities do not seem very economically different than, or less efficient than, privately-owned utilities. Especially for water, where…
I’ve written several columns (here, here, here, here, and here) detailing the folly of rent control. And now that New York City’s dilettante socialist mayor has proposed to expand rent control, I thought about doing the same thing. But I noticed so many clever comments on Twitter/X that I decided on a different approach. Here […]
Anyone who tells me they like rock music but don’t like Elvis, are either lying or don’t like rock or pop music at all. The fact is that without Elvis Rock N Roll would have never been as popular as it is. He always will have a special place in my heart. However there is […]
Across the Western democracies, the political centre is under pressure. The populist right is rising, especially in Europe and the United States, while younger voters are showing renewed interest in socialism, or at least in much more interventionist economic policies. The result is not that the centre has vanished, but that it has lost much […]
Since 1996 no new party has entered Parliament without either a sitting or former MP leading it. The Conservative Party in 2014 came close to doing so, scoring about 4% of the party vote, but ultimately failed and never attained that level of support again.
The NY Post reports: A woke new bill erases the terms “mother” and “father” from state child custody and parental laws — a gender-neutral rewriting that’s expected to spark a flood of similarly clunky legislation. “Mother” would be replaced with “gestating parent” while “father” becomes “non-gestating parent” or “parent” in family court along with in domestic and education law,…
(Churchill and Eisenhower) Jonathan W. Jordan has written a superbly blended dual biography of Dwight D. Eisenhower and Winston S. Churchill entitled IKE AND WINSTON:WORLD WAR, COLD WAR, AN EXTRAORDINARY FRIENDSHIP. He focuses on their relationship from the time they met in 1941 carrying through World War II and the Cold War. It is carefully […]
++++++++++++++CAUTION: CONTAINS GRAPHIC IMAGES++++++++++++++++ When Dwight D. Eisenhower entered Ohrdruf Concentration Camp after it was liberated, he had the foresight to document the horrors he saw with his own eyes. Ohrdruf was liberated on 4 April 1945, by the 4th Armored Division, led by Brigadier General Joseph F. H. Cutrona, and the 89th Infantry Division. […]
By Paul Homewood h/t Doug Brodie Reality has finally caught up with the crooks: From the Telegraph: Labour’s green levies on energy bills are holding back Britain’s net zero push, government advisers have warned. Extra charges on energy bills to subsidise the growth of wind and solar plants championed by Ed […]
I’ve been sent a copy of a report by FTI Consulting on the tobacco black market in NZ. It is referenced here by Retail NZ. It is 63 pages long and full of data. It is produced for the three main tobacco companies in NZ (not surprisingly they are against their product being stolen). Some…
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
Utopia, you are standing in it! 
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