Deirdre McCloskey explains the Bourgeois Deal

Image

The relative importance of capitalism and the British welfare state in abolishing destitution

HT: Andrew Newell

Image

Behind on my food snob blogging

A Burglar’s Quest | What do burglars steal these days?

When I came out of university, it must have been the golden age of burglary. A VCR would cost $1,000, which was about two weeks’ wages back then. Small televisions could be carried away. They were about a week’s wages.

In these days of dirt cheap electrical goods, a huge flatscreen TV is about $700. I don’t know what you get for that. Not much, I suppose. Second-hand electrical goods don’t go for much these days.

Mobile phones are the new cash cows for burglars and pickpockets. Even then, it costs nothing to download a security app that kills the phone in the event of theft. I’m told the life of a stolen credit card is measured in hours.

Not surprisingly, a major factor in the decline in domestic burglaries is that they are no longer profitable. Supply and demand rules.

A Burglar's Quest Infographic

via Security Infographic: A Burglars Quest | ASecureLife.com.

Milton Friedman (2006) on the ideal monetary policy

Image

The Economics of Immigration

owenzidar

Given the interest and policy relevance (as well as Miles Kimball’s immigration tweet day), I thought I’d write a post on the theory and empirics of the effects of immigration in the labor market.

A simple starting point for thinking about the labor market effects of immigration begins with the supply and demand for labor.

immigration1

Supply:
An increase in the number of immigrants increases aggregate labor supply. You can see this in the chart as a rightward shift in labor supply (from S to S’) since the number of people who are willing to work for a given wage increases for all wages. Based partially on this simple framework, some believe that immigration decreases wages. Prominent economists in the immigration literature such as George Borjas espouse this “labor demand is downward sloping” view of immigration and argue that increased immigration adds to the supply of workers and depresses the…

View original post 561 more words

Friedman on Assigning Public Schools by Home Address

KIDS REACT TO WALKMANS

Mark Twain on the secrets of success

Price of Job “Flexibility” for Women: Lower Salaries

Kathryn Welds | Curated Research and Commentary

Claudia Goldin Claudia Goldin

Women pay for occupational “flexibility” in smaller paychecks than men in equivalent roles, according to Harvard’s Claudia Goldin, who analyzed higher-paying occupations, and found that women earn an average of 71 percent of men’s wages after controlling for age, race, hours and education.

However, she found significant differences across professional occupations, related to flexibility in work schedule and work location.
For example, women financial specialists earn 66 percent of men’s pay in the same field, but women pharmacists earn 91 percent of their male colleagues’ salaries.  Goldin-Womens salaries as percentage of mens

Comparable salaries were reported for male and female tax preparers, ad sales agents and human resources specialists, attributable to workers’ ability to substitute for each other.
Among medical professions, obstetricians and “hospitalists” have introduced “interchangeability” with trusted colleagues.

This difference is explained by higher pay for roles that require longer hours, physical presence for “office…

View original post 521 more words

Previous Older Entries

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

(macro)Economics live from London

Franck Portier's professional page

Catallaxy Files

Australia's leading libertarian and centre-right blog

Climate Audit

by Steve McIntyre

The Secret Barrister

Independent Blogger of the Year, The Comment Awards 2016 & 2017

Notes On Liberty

Spontaneous thoughts on a humble creed

StephenFranks.co.nz

A New Zealand lawyer, ex-MP, farmer and enthusiast for life opines on law, politics and the universe

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

The Dangerous Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The Long Run

the EHS blog

The Undercover Historian

Beatrice Cherrier's blog

Vincent Geloso

Economics, History, Lots of Data and French Stuff

Climatism

Tracking Anthropogenic Climate Alarmism

Science Matters

Reading between the lines, and underneath the hype.

Point of Order

Politics and the economy

FREEcology

Libertarian environmentalism

Doc's Books

A window into Doc Freiberger's library

Newmark's Door

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Media Myth Alert

Calling out media myths

Uneasy Money

Commentary on monetary policy in the spirit of R. G. Hawtrey

European Royal History

Exploring the History of European Royalty

Tallbloke's Talkshop

Cutting edge science you can dice with

Marginal REVOLUTION

Small Steps Toward A Much Better World

THE COLUMBOPHILE

The blog for those who LOVE Lieutenant Columbo...

The Risk-Monger

Let's examine hard decisions!

NOT A LOT OF PEOPLE KNOW THAT

“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.

STOP THESE THINGS

The truth about the great wind power fraud

Trust, yet verify

Searching for the missing pieces of climate change communication

Roger Pielke Jr.

professor, author, speaker

commentisfreewatch.wordpress.com/

Promoting fair and accurate coverage of Israel

Economics in the Rear-View Mirror

Archival Artifacts from the History of Economics

Ideas

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Velvet Glove, Iron Fist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Lindsay Mitchell

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Alt-M

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

croaking cassandra

Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective

James Bowden's Blog

A blog (primarily) on Canadian and Commonwealth political history and institutions

%d bloggers like this: