The History and Importance of the Austrian Theory of the Market Process …
21 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, history of economic thought
Dr. Israel M. Kirzner — “Economics and Entrepreneurship”
21 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, entrepreneurship, F.A. Hayek, history of economic thought, Israel Kirzner, market efficiency
Did UBI make people happier?
21 Aug 2026 Leave a comment
in applied price theory, labour economics, labour supply, welfare reform
Eh, only in the short run: We study the causal impacts of income on a rich array of employment outcomes, leveraging an experiment in which 1,000 low-income individuals were randomized into receiving $1,000 per month unconditionally for three years, with a control group of 2,000 participants receiving $50/month. We gather detailed survey data, administrative records,…
Did UBI make people happier?
Dr. Israel M. Kirzner — “Economics and Entrepreneurship”
19 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, law and economics, Public Choice, regulation, rentseeking Tags: competition law
The Cost of Going to Space
18 Aug 2026 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, industrial organisation Tags: space
Terzi & Nicoli have a fascinating new paper analyzing over 4,400 orbital launches since 1960 to estimate “Wright’s Law.” This law states that a new technology’s unit costs fall in proportion to cumulative experience. Essentially, it is an expression of learning-by-doing. They show:… that the average cost of sending a kilogram to orbit has dropped…
The Cost of Going to Space
Alex Tabarrok: Britain’s equal pay madness
16 Aug 2026 Leave a comment
in applied price theory, Austrian economics, discrimination, economics of education, gender, health and safety, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality Tags: affirmative action, gender wage gap, pay equity, sex discrimination
Incentive Misalignment in Communism: the case of Vietnam
15 Aug 2026 1 Comment
in applied price theory, development economics, economic history, growth disasters, history of economic thought, industrial organisation, labour economics, labour supply, Marxist economics Tags: economics of central planning, Vietnam
Rainer Zitelmann writes in How Capitalism Beat Communism in Vietnam in Reason Magazine, The state collectives did not reward members for the amount of rice they produced, but instead counted how many days they had worked. 183 more words
Incentive Misalignment in Communism: the case of Vietnam
Some Links
14 Aug 2026 Leave a comment
TweetRyan Bourne explains that “burrito-gate reflects inflation’s toxic legacy.” Brian Albrecht carefully lays out the likely consequences of Mamdani’s government-run grocery stores. National Review‘s Jim Geraghty is right: “Both parties embrace what’s popular and abandon what’s right.” A slice: The Republican president keeps taking a government stake in private companies, now up to 30 firms.…
Some Links
A rent control experiment
13 Aug 2026 1 Comment
in applied price theory, econometerics, economic history, economics of information, economics of regulation, law and economics, property rights Tags: offsetting behavior, rent control, unintended consequences
Alex Tabarrok on the Economic Analysis of Crime
12 Aug 2026 Leave a comment
in applied price theory, economics of crime, Gary Becker, history of economic thought, law and economics
I tell my Gary Becker story, why I like police more than prisons, how criminals are like children and more. The post Alex Tabarrok on the Economic Analysis of Crime appeared first on Marginal REVOLUTION.
Alex Tabarrok on the Economic Analysis of Crime
Some Links
10 Aug 2026 Leave a comment
in applied price theory, economics of regulation, income redistribution, liberalism, libertarianism, Marxist economics, Public Choice, rentseeking, urban economics Tags: rent control
TweetChristine Rosen uncovers evidence of the pathetic appeal of the DSA. Two slices: But one aspect of the DSA’s appeal has been too often overlooked, particularly by conservative critics: its appeal as a form of instant community for a generation that often lacks one. DSA supporters are a highly homogenous group: 85 percent of DSA…
Some Links
Bill Maher’s new rule re Fauci
10 Aug 2026 Leave a comment
This week’s Real Time with Bill Maher comedy-and-news bit takes up Rand Paul’s jihad against Anthony Fauci, which includes Paul’s publishing Fauci’s personal diary, which showed Fauci basking in his celebrity. Maher concludes that Fauci is, at the same time, “an esteemed, dedicated public servant” and a “vain, flawed bureaucrat”. As Maher notes, Fauci got…
Bill Maher’s new rule re Fauci
Immigration and Macroeconomic Outcomes in OECD Countries
10 Aug 2026 Leave a comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply Tags: economics of immigration
OECD countries experienced declining native population growth and rising net immigration over 1990-2024. We compile a new dataset of net immigration rates to OECD countries from all origins and show that most of the increase came from non-OECD countries and was predominantly high-skilled. Push factors, network effects, and policy indices explain little of the large…
Immigration and Macroeconomic Outcomes in OECD Countries
Geloso on how to think like a good economist
10 Aug 2026 Leave a comment
in applied price theory, Austrian economics
I really like Vincent Geloso’s slide deck on market processes, market failures, and government failures.Over the past couple of months, Claude read through about four million words I’ve written to develop an “Eric skill”. I can now give it documents that I don’t have time to read, and it’ll tell me what to watch for. When…
Geloso on how to think like a good economist
Utopia, you are standing in it! 
Recent Comments