The Nobel prize goes to Daron Acemoglu, Simon Johnson and James Robinson for their work on institutions, prosperity, and economic growth. Here is a key piece summarizing their work: Institutions as a Fundamental Cause of Long-Run Growth. This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of […]
Acemoglu, Johnson and Robinson Win Nobel Prize for Institutions and Prosperity
Acemoglu, Johnson and Robinson Win Nobel Prize for Institutions and Prosperity
15 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, history of economic thought, income redistribution, macroeconomics, Public Choice, public economics, rentseeking
A Nobel for Acemoglu, Johnson, and Robinson: Institutions and Prosperity
15 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, history of economic thought
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 has been awarded to Daron Acemoglu, Simon Johnson and James Robinson “for studies of how institutions are formed and affect prosperity.” Each year, the Nobel Committee helpfully publishes both a “Popular information” overview of of the award and a “Scientific Background” essay that goes into greater depth.…
A Nobel for Acemoglu, Johnson, and Robinson: Institutions and Prosperity
Seven Samurai – Official 70th Anniversary 4K Restoration Trailer
15 Oct 2024 Leave a comment
in movies
Dearth of Green Jobs in UK
15 Oct 2024 Leave a comment
in energy economics, environmental economics, global warming, human capital, labour economics, labour supply, occupational choice Tags: solar power, wind power
Chris Morrison provides the analysis in his Daily Sceptic article ONS Reveals the Pitiful Number of New Green Jobs Being Created in the U.K. Economy. Excerpts in italics with my bolds and added images. The problem with the green U.K. economy, and its associated destruction of the hydrocarbon environment, is that there are very few […]
Dearth of Green Jobs in UK
Electric car battery maker’s value slashed by 85pc
15 Oct 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: electric cars
By Paul Homewood Investors are preparing to write off nearly the entire value of their stakes in Swedish battery giant Northvolt as a crisis at the troubled European green technology champion deepens. Once valued at more than $12bn (£9bn), Northvolt is scrambling to raise hundreds of millions of euros to shore up its […]
Electric car battery maker’s value slashed by 85pc
“No Kidding! No Joke!” Liberals Call on Biden to Commit Unconstitutional Acts in his Final Days
14 Oct 2024 Leave a comment
in law and economics, politics - USA Tags: 2024 presidential election, constitutional law
With the end of the Biden Administration in sight, liberal pundits seem to be striving to prove that the only difference between a law-breaker and a law-abiding citizen is the ability to get away with the crime. Popular figures on the left from Michael Moore to Keith Olbermann are calling on President Joe Biden to […]
“No Kidding! No Joke!” Liberals Call on Biden to Commit Unconstitutional Acts in his Final Days
‘Taxpayer Talk’ | Simon Court joins Jordan Williams to talk RMA reform
14 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, environmental economics, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, public economics, rentseeking, resource economics, transport economics, urban economics Tags: zoning
UK PM ratings
14 Oct 2024 Leave a comment
in economic history, politics Tags: British politics
Here are the net approval ratings for UK Prime Ministers three months after each election: Starmer has become incredibly unpopular so quickly.
UK PM ratings
Bill Maher’s weekly bit: an open letter to Chappell Roan
13 Oct 2024 Leave a comment
in liberalism, television, TV shows
If you don’t know who Chappell Roan is, she’s a singer/songwriter who recently became famous; you can read about here. She identifies as queer and as a drag queen, even though she’s apparently a biological woman. In this video, Bill Maher addresses an open letter to her. Roan has touted the virtues of open-mindedness, which…
Bill Maher’s weekly bit: an open letter to Chappell Roan
Cleese on ‘woke’
13 Oct 2024 Leave a comment
in law and economics, liberalism, Marxist economics, movies, politics - Australia, politics - New Zealand, politics - USA, television Tags: Age of Enlightenment, free speech, political correctness, regressive left
John Cleese says woke people want to be right even if they don’t know why:
Cleese on ‘woke’
Industrial Policy: The Triumph of Hope over Experience
13 Oct 2024 Leave a comment
in applied price theory, income redistribution, industrial organisation, Public Choice, public economics, rentseeking, survivor principle
Industrial policy is when politicians and bureaucrats use various combinations of tax, spending, and regulatory policies to steer the economy. In other words, they are putting their thumbs on the scale to pick winners and losers. It means replacing the “invisible hand” of the market with the “grabbing hand” of politics. I’m motivated to write […]
Industrial Policy: The Triumph of Hope over Experience
Colorado Supreme Court Dismisses Another Lawsuit Against Masterpiece Cakeshop
13 Oct 2024 Leave a comment
in discrimination, law and economics, liberalism, Marxist economics, politics - USA, property rights Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
In prior columns, academic articles, and my book, “The Indispensable Right, I discuss the never-ending litigation targeting Jack Phillips, the Christian baker who declined to make cakes that violated his religious beliefs. Phillips continues to be the subject of continuing lawsuits despite the Supreme Court upholding his right to decline to make expressive products […]
Colorado Supreme Court Dismisses Another Lawsuit Against Masterpiece Cakeshop
Operation Albion – Passchendaele Drowns In Mud I THE GREAT WAR Week 168
13 Oct 2024 Leave a comment
in defence economics, war and peace Tags: World War I
Zero remorse
12 Oct 2024 Leave a comment
in discrimination, economics of crime, gender, law and economics, politics - New Zealand Tags: crime and punishment, criminal deterrence, free speech, law and order, political correctness, regressive left
The Herald reports: A pharmacist and transgender refugee who was convicted last month for pouring tomato juice over the head of anti-transgender rights activist Posie Parker – prompting the controversial British speaker to promptly leave New Zealand over safety fears – returned to a courtroom today as her lawyer asked to have the conviction rescinded. … He acknowledged there was a degree of […]
Zero remorse
A concern not a catastrophe
12 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming
Bjørn Lomborg brings some much needed reason to counter the emotion in the climate change debate, saying it’s a concern not a catastrophe : Apropos of this, Lomborg writes of climate fictions: Whatever happened to polar bears? They used to be all climate campaigners could talk about, but now they’re essentially absent from headlines. Over […]
A concern not a catastrophe
Utopia, you are standing in it! 
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