No gender gap in self-employment in New Zealand
26 May 2017 Leave a comment
in discrimination, entrepreneurship, gender, industrial organisation, labour economics, labour supply, occupational choice, Robert E. Lucas, survivor principle Tags: female labour supply
Inaugural Speech by Aaron Stonehouse
26 May 2017 Leave a comment
in liberalism, libertarianism, politics - USA Tags: Liberal Democrats
Don’t Be “a jibbering idiot”: Economic Principles and the Properly Trained Economist
26 May 2017 Leave a comment
in economics
A must read short paper by Prof Peter Boettke of George Mason Univ. It is actually a speech given at 42nd Annual Meetings of The Association for Private Enterprise, Hawaii.
He calls to bring back history into economics (how many such calls will be made to a profession and yet be ignored):
Economics, properly understood, makes sense out the complex web of historical relations that constitute reality, namely by utilizing economic theory. Economics without price theory is not economic theory, and measurement without theory isn’t empirically meaningful. However, graduate students are being increasingly trained in sophisticated procedures of optimization and statistical testing, remaining largely ignorant of economic theory as a tool to understanding economic history. This address is a renewed call for my fellow economists to continue to instill in their teaching the beauty of economic theory, as well as the empirical importance of economic history. In short, economic teaching and…
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Caught this great Rod Stewart song on the car radio for first time in a long time
26 May 2017 Leave a comment
in Music Tags: Rod Stewart
Trump Reportedly Denounced Germans At EU Meeting As “Evil, Very Evil” and Threatened To Curtail German Car Sales
26 May 2017 Leave a comment
in economics
Is all getting weirder by the day
President Donald Trump is being widely quoted by European allies as making a rather disturbing statements about Germany to EU Commissioner Jean-Claude Juncker and European Council president Donald Tusk. German news magazine Der Spiegel is quoting multiple sources that Trump went off on Germany over the trade surplus and said that “The Germans are evil, very evil.” If true, it would not exactly be a diplomatic or even comprehensible approach. Trump also reportedly said that he would end the German car sales in the United States behind the surplus. Der Spiegel is a widely respected publication. However, this would be as big a story if the statement was not made. The article describes almost open hostility and shock toward Trump. If the statement was not made (and Juncker has not denied it), it would be evidence of an open effort by top European diplomats to portray Trump as unhinged and…
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Trump Order “Drips With Religious Intolerance”: Fourth Circuit Uphold Injunction on Second Immigration Order
26 May 2017 Leave a comment
in economics
In a stinging defeat for the Trump Administration, the United States Court of Appeals for the Fourth Circuit has upheld an injunction on the Trump Administration’s immigration order. The Fourth Circuit is widely viewed as one of the most conservative circuits and has proven the most deferential to national security powers by the Executive Branch. Indeed, the government often openly forum shops in pushing national security cases through the Eastern District of Virginia and ultimately the Fourth Circuit. The 10-3 vote is an impressive victory for the challengers and now sets the case for the long-awaited petition to the Supreme Court. The court did not spare the rhetorical bite, observing that the order “speaks with vague words of national security, but in context drips with religious intolerance, animus, and discrimination.”
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It Was Fifty Years Ago Today! The Beatles: Sgt. Pepper & Beyond – OFFICIAL TRAILER
26 May 2017 1 Comment
in movies, Music Tags: The Beatles
Thomas Sowell – Gender Bias and Income Disparity
26 May 2017 Leave a comment
in applied price theory, discrimination, economic history, gender, labour economics, labour supply, occupational choice Tags: gender wage gap, Thomas Sowell
A Draft of my Paper on Rules versus Discretion Is Now Available on SSRN
26 May 2017 Leave a comment
in economics
My paper “Rules versus Discretion in Monetary Policy Historically Contemplated” which I spoke about last September at the Mercatus Center Conference on rules for a post-crisis world has been accepted by the Journal of Macroeconomics. I posted a draft of the concluding section of the paper on this blog several weeks ago. An abstract, and a complete draft, of the paper are available on the journal website, but only the abstract is ungated.
I have posted a draft of the paper on SSRN where it may now be downloaded. Here is the abstract of the paper.
Monetary-policy rules are attempts to cope with the implications of having a medium of exchange whose value exceeds its cost of production. Two classes of monetary rules can be identified: (1) price rules that target the value of money in terms of a real commodity, e.g., gold, or in terms of some…
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Median Ages in Europe: 1960-2060
26 May 2017 Leave a comment
in population economics Tags: ageing society, Europe, Population demographics
Coffee at the university – Yes Minister
25 May 2017 Leave a comment
in television Tags: Yes Minister
Evidence based environmentalism @GreenpeaceNZ @NZGreens
25 May 2017 Leave a comment
in health economics Tags: organic farming
Cultural Appropriation and Other Leftist Stupidity
25 May 2017 Leave a comment
in economics
Sometimes news about America appears first in the British papers, in this case, the Daily Mail. Not big or even important news, but slightly embarrassing. Two young women, friends from Portland, opened Kooks Burritos in Portland, Oregon. A taco truck. After a visit to Puerto Nuevo, Mexico last December, they learned the basics of tortilla making by talking to cooks and peeking into the windows of kitchens.
For the first few months, the weekend pop-up shop housed in an taco truck was a smash hit. It gained so much popularity, a local weekly newspaper decided to profile the entrepreneurial duo.
But that’s when the trouble started for Wilgus and Connelly, after quotes they gave to the Willamette Week led to them being accused of “stealing their success.”
Well, two white women and Burritos, a taco truck! You can guess what happened. The terminally ignorant cried out:
Cultural Appropriation!!!
Of course…
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Utopia, you are standing in it! 
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