Celebrating humanity's flourishing through the spread of capitalism and the rule of law
05 Dec 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, economics of crime, law and economics, property rights, Public Choice, public economics Tags: British politics, constitutional law
The question of separating constitutional powers in Jersey is more complex than it appears. Here’s why. Jersey and Guernsey are unique globally in having constitutions that in the ancient office of Bailiff fuse together the roles of chief justice and presiding officer of their respective courts and parliaments. As I argue, this is further complicated […]
Andrew Le Sueur: Finally, separation of powers in Jersey?
05 Dec 2024 Leave a comment
in economics of bureaucracy, economics of regulation, health economics, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: nanny state, zoning
If you thought McDonald’s was some kind of public health hazard, using processes under the Resource Management Act to try to block one from opening in Wanaka would be among the stupidest possible ways of dealing with it. The country already has food safety regulations. If you thought that (in fact delicious and fine) McDonald’s food…
Misuse of land use planning
05 Dec 2024 Leave a comment
in applied price theory, econometerics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice, rentseeking, resource economics Tags: peak oil
It is now plausible to envision scenarios in which global demand for crude oil falls to essentially zero by the end of this century, driven by improvements in clean energy technologies, adoption of stringent climate policies, or both. This paper asks what such a demand decline, when anticipated, might mean for global oil supply. One […]
The end of oil?
04 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, celebrity technologies, solar power, wind power
By Paul Homewood . As we are well aware, the UK has some of the highest electricity prices in the world. It is commonly claimed that the rapid price rise in recent years has been driven by the soaring price of natural gas. In fact, this is only a small part of the story. I […]
Why Are UK Electricity Prices So High?
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of climate change, economics of information, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, gender, global warming, health economics, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking Tags: Age of Enlightenment, crime and punishment, criminal deterrence, free speech, gender wage gap, law and order, political correctness, racial discrimination, regressive left, sex discrimination
Michael Huemer’s Progressive Myths is the best book on wokeness. One of its many strengths is its focus on basic facts. As the author explains:I have selected beliefs that can be debunked fairly quickly and forcefully. Many other progressive beliefs require long argumentation and subjective judgment calls to assess. About these more difficult issues, I…
The Missing Myths
04 Dec 2024 Leave a comment
in development economics, economics of crime, growth miracles, law and economics Tags: South Korea
South Korean President Yoon Suk-yeol, elected in 2022, declared martial law. Given the conditions for which martial law is justified in the constitution (see below) were clearly not in place, this was a power usurpation–an autogolpe. Or an attempted one. It collapsed within about a matter of hours, with the National Assembly voting to annul […]
The South Korean autogolpe attempt
04 Dec 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, fiscal policy, law and economics, macroeconomics Tags: France
The French National Assembly is scheduled to vote tomorrow (4 Dec.) on a vote of no confidence against the government of Premier Michel Barnier. The premier has been in office only three months, having been appointed following (with some lag) the snap election President Emmanuel Macron had called in July, and which–predictably, given the timing–did […]
The no-confidence vote in France
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, income redistribution, industrial organisation, international economics, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: tarrifs
I like profits. But let me qualify that statement. I like profits that are the result of businesses providing goods and services that consumers value. Those profits are earned. By contrast, I don’t like it when businesses get in bed with government and get money via cronyism, bailouts, subsidies, protectionism, or industrial policy. Those profits […]
Paul Krugman Is Right…albeit Selectively and Hypocritically
04 Dec 2024 Leave a comment
in economic growth, health economics, macroeconomics Tags: economics of pandemics, Germany
Here is the link.
Germany chart of the day
04 Dec 2024 Leave a comment
in economics of regulation, health economics, politics - New Zealand Tags: economics of pandemics
Bryce Edwards writes – Any criticism of New Zealand’s Covid response needs to begin by acknowledging its success. Our total confirmed deaths per million people is far lower than those of many peer nations. But we’re still living with the cost of that response: reduced trust in institutions and deeper social division; years of […]
Will politicians learn anything from the first Covid Response report?
03 Dec 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, health economics, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics Tags: land supply, nanny state, zoning
Is there any better – or should that be worse? – example of how the consenting process sabotages productivity than the current hearings on McDonalds’ application to open in Wanaka? Public submissions were sought, and of the 366 made, 339 were opposed, 21 in support and six wanted changes to the plan. Among the submissions […]
Sabotaging productivity
03 Dec 2024 Leave a comment
in economics of regulation, health economics, labour economics, labour supply, politics - New Zealand Tags: economics of pandemics
The Royal Commission concluded: The case for vaccine requirements of all kinds weakened in early 2022 with the arrival of the Omicron variant since vaccination was now much less effective in preventing COVID-19 transmission and immunity waned over time. While beneficial to the individual concerned, vaccination now offered less protection to others and the public […]
The Government didn’t move with the science around Covid
03 Dec 2024 Leave a comment
in applied price theory, econometerics, entrepreneurship, fiscal policy, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
We study the tax payment and innovation consequences of limiting the tax deductibility of research and development (“R&D”) expenditures. Beginning in 2022, U.S. companies are required to capitalize and amortize R&D rather than immediately deduct these expenditures. We utilize variation in U.S. firms’ fiscal year ends to test the effects of the R&D tax change […]
The Consequences of Limiting the Tax Deductibility of R&D
03 Dec 2024 Leave a comment
in law and economics, liberalism, Marxist economics Tags: Canada, free speech, political correctness, regressive left
CBC News is reporting that the Ontario Human Rights Tribunal has ordered the small town of Emo to pay damages after failing to hoist an “LGBTQ2 rainbow flag” in celebration of Pride Month. One problem is that the town of fewer than 2000 inhabitants does not have a flagpole (though you could presumably “show the […]
Canadian Town Fined and Mayor Sent for Compulsory Education After Failing to Hoist Pride Flag
03 Dec 2024 1 Comment
in economic history, law and economics, liberalism, politics - New Zealand Tags: constitutional law, racial discrimination
After the mass Maori Party madness over David Seymour’s Treaty Principles Bill comes more extreme Maori make-believe. Some are now calling the 83% of New Zealanders who aren’t Maori, “guests” or “visitors” to the country where they are citizens. Many of long standing. According to some radicals, the 83% are “manuhiri”, a word traditionally used…
MICHAEL BASSETT: MAORI PARTY MADNESS
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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“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.
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