Little River Band – Home On A Monday

SUNNYBOYS Happy Man

Aerogard insect repellant TV commercial – Max Walker

The gales of creative destruction in vinyl, cassettes and CDs

image

Image

Treasury says there’s sloppy analysis on sin taxes. We agree.

The Sand Pit

Last week The New Zealand Initiative released The Health of the State, our report on public health and lifestyle regulations. You may have caught some of the media coverage on it.

While the report has a bunch of key messages that I think are important, here’s the one I found most valuable during the course of this research: don’t rely on media coverage or press releases alone. Read the report. And even then, read the whole report, not just the abstract and conclusion. It’s amazing, and incredibly rewarding, discovering studies – evenly highly regarded studies – aren’t all that they seem.

Outcomes from the panel discussion

To launch the report, we held a panel discussion where I spoke alongside The Treasury’s Chief Economist and Deputy Secretary Dr Girol Karacaoglu, Maori Party co-leader Marama Fox, and Institute for Economic Affairs Fellow Jamie Whyte. You can watch the full panel discussion here

View original post 789 more words

Cooper and Kovacic on Behavioral Economics and Regulatory Agencies

Truth on the Market

There is an embarrassing blind spot in the behavioral law and economics literature with respect to implementation of policy whether via legislation or administrative agency.  James Cooper and William Kovacic — both currently at the Federal Trade Commission as Attorney Advisor Commissioner, respectively — aim to fill this gap with a recent working paper entitled “Behavioral Economics: Implications for Regulatory Behavior.”  The basic idea is to combine the insights of public choice economics and behavioral economics to explore the implications for behavioral regulation at administrative agencies and, in particular given their experiences, a competition and consumer protection regulator.

Here is the abstract:

Behavioral economics (BE) examines the implications for decision-making when actors suffer from biases documented in the psychological literature. These scholars replace the assumption of rationality with one of “bounded rationality,” in which consumers’ actions are affected by their initial endowments, their tastes for fairness, their inability…

View original post 506 more words

University paternalism and the outwardly-focused student movement

Family Inequality

I’m not going to join  the criticism of the students at Yale, because I don’t know all that they’re going through. From a distance the symbolic things (like emails about Halloween costumes) that spark massive reactions often appear out of scale. Straws that break camels’ backs appear weightless.

So just two thoughts to share inspired by recent events.

Universities shouldn’t be in this business

A lot of people were taken aback by the casual way that Black students refer to Nicholas Christakis as the “master” of Silliman College. That archaic paternalism is not just linguistic.

I’ve previous argued that, although they do have legal and ethical obligations to respond to sexual assault on campus, colleges shouldn’t be in the business of investigating and punishing those crimes. They are terrible at it, their intervention downgrades sexual assault from crime to (student) women’s issue, and the campus system separates sexual assault (and its…

View original post 877 more words

Image

Financial capability: what New Zealanders could do with from their governments

croaking cassandra

I’ve written previously, and skeptically, about the financial capability strategy the government released last year. It is something of a wonder that civilisations have reached their current prosperity and sophistication without the aid of governments and their officials strategizing and pontificating about what we, citizens, “need” to know about money.  “Building the financial capability of New Zealanders is”, we are told, “a priority for the government”.  But what business is it of theirs?   And each time I read that line, I can’t help thinking that it would be better, and much more legitimate, if it were reversed: building financial capability of governments (and its agencies and officials) should be a priority for New Zealanders.

Last week, the bureaucrats were at it again.  The Financial Markets Authority published a so-called White Paper, with a Foreword written by the Chief Executive (so this is no mere background research paper, simply reporting the…

View original post 1,373 more words

Jeffrey Miron of Havard University explores three myths about capitalism

The Philippines’ Geographic Challenge

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

Friends of Science Calgary

The Sun is the main driver of climate change. Not you. Not carbon dioxide.

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

No Punches Pulled

Laughter – the best medicine

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

Economic Growth in History

Nuno Palma's economic and political history blog

The Logical Place

Tim Harding's writings on rationality, informal logic and skepticism

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

%d bloggers like this: