Yesterday we learned the Commerce Commission’s decision on the merger application by Foodstuffs North Island and Foodstuffs South Island (which I posted about last month). As NBR reported yesterday (paywalled, but you can read this briefer New Zealand Herald story instead, or the Commerce Commission’s decision here):Foodstuffs wanted to see the co-ops merged within and…
The Foodstuffs merger is rejected, so the wholesale market remains an oligopsony
The Foodstuffs merger is rejected, so the wholesale market remains an oligopsony
10 Oct 2024 1 Comment
in applied price theory, economics of regulation, industrial organisation, politics - New Zealand Tags: competition law
Transit’s Ride into Irrelevance
10 Oct 2024 Leave a comment
in transport economics, urban economics
Just 3.5 percent of American workers commuted to work by public transit in 2023, according to American Community Survey data recently released by the Census Bureau. That’s down from 5.0 percent in 2019. Since transit ridership so far in 2024 is only about 4 percent more (when measured as a … Continue reading →
Transit’s Ride into Irrelevance
Labour’s Climate Sleaze
09 Oct 2024 Leave a comment
in economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, Public Choice Tags: British politics, climate activists
By Paul Homewood LONDON/NEW YORK (Reuters) -Britain on Thursday named Oxford University professor Rachel Kyte as its new climate envoy and announced a new investment facility, the latest steps in the new government’s efforts to bolster Britain’s role in international climate politics. The appointment of Kyte, a climate policy professor, as the UK’s […]
Labour’s Climate Sleaze
What planet are they on?
09 Oct 2024 Leave a comment
in applied price theory, economics of media and culture, economics of regulation, entrepreneurship, industrial organisation, law and economics, politics - New Zealand, property rights, survivor principle Tags: creative destruction, legacy media
New Zealand’s newspaper chiefs’ views on how the Fair Digital News Bargaining Bill works is somewhat at odds with the text of the Bill. Google today, admirably, said they’ll stop linking to New Zealand news outlets in search if the Bill goes ahead. News Publishers’ Association’s Andrew Holden and Stuff’s Sinead Boucher aren’t happy about that. But…
What planet are they on?
Paid music makes a comeback
09 Oct 2024 1 Comment
in economic history, industrial organisation, Music, survivor principle
Further evidence for the babysitting theory of education
08 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of love and marriage, human capital, labour economics, labour supply, law and economics Tags: economics of fertility
Bryan Caplan will feel vindicated: This paper asks whether universal pre-kindergarten (UPK) raises parents’ earnings and how much these earnings effects matter for evaluating the economic returns to UPK programs. Using a randomized lottery design, we estimate the effects of enrolling in a full-day UPK program in New Haven, Connecticut on parents’ labor market outcomes […]
Further evidence for the babysitting theory of education
Fatal Flaw Discredits IPCC Science
08 Oct 2024 Leave a comment
in econometerics, energy economics, environmental economics, global warming
By way of John Ray comes this Spectator Australia article A basic flaw in IPCC science. Excerpts in italics with my bolds and added images. Detailed research is underway that threatens to undermine the foundations of the climate science promoted by the IPCC since its First Assessment Report in 1992. The research is re-examining the […]
Fatal Flaw Discredits IPCC Science
US Productivity Growth: Downside, Upside
08 Oct 2024 Leave a comment
in applied price theory, econometerics, economic growth, economic history, entrepreneurship, history of economic thought, industrial organisation, labour economics, labour supply, macroeconomics Tags: The Great Enrichment
Over time, a rising US standard of living is driven by productivity growth. Michael Peters succinctly describes the problem in “America Must Rediscover Its Dynamism” (Finance & Development, September 2024). He writes: The US economy has a multitrillion-dollar problem. It’s the dramatic slowdown in productivity growth over the past couple of decades. Between 1947 and…
US Productivity Growth: Downside, Upside
In 1900, when most U.S. women baked their own bread and did the laundry by hand, maintaining a home was a full-time job.
07 Oct 2024 Leave a comment
in discrimination, economic history, gender, labour economics, labour supply, occupational choice Tags: The Great Enrichment
The NZ Treasury’s Lack of Imagination Threatens our Future. It has no faith in Economic Magic (Einstein did).
07 Oct 2024 Leave a comment
in applied price theory, health economics, labour economics, labour supply, poverty and inequality, public economics, welfare reform Tags: retirement savings
Our Treasury is at it again. Telling Kiwis a bleak future awaits them, especially in retirement. Its latest report about how NZ Demographic Change will affect the Country’s Finances is enough make the PM’s eyes glaze over, Finance Minister Willis fall asleep, NZ First leader Peters to press Delete on his laptop & everyone else…
The NZ Treasury’s Lack of Imagination Threatens our Future. It has no faith in Economic Magic (Einstein did).
On the price of Ozempic
07 Oct 2024 Leave a comment
in applied price theory, economics of regulation, health economics, industrial organisation
That is the topic of my latest Bloomberg column, here is one excerpt: As for consumer prices for the current obesity drugs, they are not as high as is often reported, once the various ways to get a discount are taken into account. Despite reports that the drugs cost $1,000 per month, the reality is more favorable. […]
On the price of Ozempic
What’s going on with Biden and Israel? (and a coda about Trump’s possible mental problems)
06 Oct 2024 Leave a comment
in defence economics, politics - USA, war and peace Tags: 2024 presidential election, Gaza Strip, Middle-East politics, regressive left, war against terror
Although Biden (and now Harris) have proclaimed an ironclad commitment to Israel’s well-being, they’re acting very wonky about Israel’s behavior. First they withheld 2000-pound bombs from Israel (you know, the kind that were used on the targeted strike that killed the leader of Hassan Nasrallah, the leader of Hezbollah), though the U.S. rations some of […]
What’s going on with Biden and Israel? (and a coda about Trump’s possible mental problems)
“Schencking” Free Speech: Walz Makes the Case for the Most Anti-Free Speech Ticket in History
06 Oct 2024 Leave a comment
in law and economics, liberalism, Marxist economics, politics - USA Tags: 2024 presidential election, Age of Enlightenment, free speech, political correctness, regressive left
Below is my column in USA Today on the most chilling moment from the Vance-Walz debate when the Democratic nominee showed why he is part of the dream ticket for the anti-free speech movement. Here is the column: In the vice presidential debate Tuesday, Minnesota Gov. Tim Walz pulled the fire alarm. His opponent, Sen.…
“Schencking” Free Speech: Walz Makes the Case for the Most Anti-Free Speech Ticket in History
Māori academics finally admit that their way of knowing is not science, but asserts that it is better than science because the truth is “both factual and ethically value-laden”
05 Oct 2024 Leave a comment
in economics of education, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, conjecture and refutation, free speech, philosophy of science, political correctness, regressive left
The “Listener letter” appeared in 2021, signed by 7 professors at the University of Auckland (see it here) in New Zealand. It was a response to the drive (still going on) to teach indigenous “ways of knowing”, Mātauranga Māori (MM), as coequal with science in science classes. The letter argued that while MM was of […]
Māori academics finally admit that their way of knowing is not science, but asserts that it is better than science because the truth is “both factual and ethically value-laden”
Utopia, you are standing in it! 
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