Uber creative destruction

More definitive evidence that property rights improve fishing yields and sustainability

Knowledge Problem

Lynne Kiesling

I’ve been enjoying this new research from environmental economist Chris Costello and his two co-authors, Steven Gaines and John Lynham: “Can Catch Shares Prevent Fisheries Collapse?”:

Recent reports suggest that most of the world’s commercial fisheries could collapse within decades. Although poor fisheries governance is often implicated, evaluation of solutions remains rare. Bioeconomic theory and case studies suggest that rights-based catch shares can provide individual incentives for sustainable harvest that is less prone to collapse. To test whether catch-share fishery reforms achieve these hypothetical benefits, we have compiled a global database of fisheries institutions and catch statistics in 11,135 fisheries from 1950 to 2003. Implementation of catch shares halts, and even reverses, the global trend toward widespread collapse. Institutional change has the potential for greatly altering the future of global fisheries.

This is a wonderful result for a whole host of reasons — good for fish, good…

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My favourite recently deleted #livingwage tweet @NeumarkDN @jmhorp

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The Japanese bosses have been losing the class war big-time if labour shares are the definitive evidence

Source: Is Labor’s Loss Capital’s Gain? Gross versus Net Labor Shares Benjamin Bridgman Bureau of Economic Analysis October 2014.

THE DEATH OF STALIN (2018) – Brutal Dark Comedy Still Generates Laughter

Well worth watching. This review contains spoilers.

This Is My Creation: The Blog of Michael Arruda

death-of-stalin

THE DEATH OF STALIN (2018), the most recent film by writer/director Armando Iannucci, is one of the darkest and painfully ugly black comedies I’ve seen in a long time.

And yet, like the audience I saw it with, I laughed out loud. Frequently.

In terms of its satirical tone, THE DEATH OF STALIN is reminiscent of Stanley Kubrick’s classic DR. STRANGELOVE OR: HOW I LEARNED TO STOP WORRYING AND LOVE THE BOMB (1964). Whereas STRANGELOVE made people laugh with a story about nuclear annihilation, THE DEATH OF STALIN takes the ruthlessness of Russian politics in the days following Stalin’s death and presents a story that somehow gets its audience to howl with laughter.

The story opens in Moscow in 1953, and we see a nation living in mortal fear of its leader, Joseph Stalin (Adrian McLoughlin). In fact, the people are so frightened, that when Stalin requests a recording of…

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Two Reasons Progressives on the Left Must Vocally Repudiate Islam

All religions share these founding characteristics.

Michael A. Sherlock (Author)

“We now live in a world where criticism of Muslim homophobia is islamophobia.”

~Lalo Dagach

Islam, unlike Christianity, is a comprehensive religious, political and legal ideology. Its construction in the first few centuries of its creation lends itself to the encroachment upon both the personal and the political. This fact ensures that its beliefs, customs and practices are not simply relegated to something personal, but rather its very structure sows the seeds of theocratic authoritarianism, as has been a key ingredient in its global success. Apostasy, at least in the early days of Islam and in some modern Islamic countries, was not merely apostasy from the religion, but treason against the (Islamic) ruler. Blasphemy against the Prophet was not simply blasphemy against the Prophet, but the deliberate rejection of Islamic authority. Thus, the beliefs and practices at the core of Islam are a concern not only for Muslims, but…

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Labour share of income

croaking cassandra

The other day I ran this chart showing how the labour share of income (“compensation of employees” in national-accounts-speak) had changed in New Zealand over recent decades.    COE

It isn’t data I usually pay any attention to, and I was somewhat surprised by the trend increase since around 2002.

And then I was reading a Financial Times article about last weekend’s Jackson Hole retreat for central bankers (perhaps including Graeme Wheeler) and assorted other eminent people.   The journalist mentioned that one prominent Asian central banker had warned that a declining labour share of income around the world could make problems for central bankers (the idea being that workers  –  especially low income ones – tend to spend most of their income, and demand shortfalls are a potentially serious issue, especially when the next recession happens).    And that left me wondering just how unusual New Zealand’s experience –  a…

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Living in the 70s C’down Skyhooks

Hamas: By the Numbers

Why Is It So Hard to Fix Traffic?

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