November 9, 1841: Birth of King Edward VII of the United Kingdom. Part I

10 Nov 2021 Leave a comment

by Jim Rose in applied price theory

liamfoley63's avatarEuropean Royal History

Edward VII (Albert Edward; November 9, 1841 – May 6, 1910) was King of the United Kingdom of Great Britain and Ireland and the British Dominions, and Emperor of India from January 22, 1901 until his death in 1910.

Edward was born at 10:48 in the morning on November 9, 1841 in Buckingham Palace. He was the eldest son and second child of Queen Victoria of the United Kingdom and her husband, Prince Albert of Saxe-Coburg and Gotha. He was christened Albert Edward at St George’s Chapel, Windsor Castle, on January 25, 1842.

He was named Albert after his father and Edward after his maternal grandfather, Prince Edward, Duke of Kent and Strathearn. He was known as Bertie to the royal family throughout his life. He was related to royalty throughout Europe.

As the eldest son of the British sovereign, he was automatically Duke of Cornwall and Duke of Rothesay…

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The mistake that toppled the Berlin Wall #OTD 6.53 pm CET

09 Nov 2021 Leave a comment

by Jim Rose in applied price theory

Jim Rose's avatarUtopia, you are standing in it!

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Single best critic of a Monetary History

09 Nov 2021 Leave a comment

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Lost on the Woke

09 Nov 2021 Leave a comment

by Jim Rose in applied price theory, Karl Popper, liberalism, Marxist economics Tags: , , , ,

Small scale nuclear to get green light this week

08 Nov 2021 Leave a comment

by Jim Rose in applied price theory

oldbrew's avatarTallbloke's Talkshop

SMR transporter

Nuclear is a slow-moving game but signs of progress are emerging. The problems of intermittent wind and solar power are only going to increase in step with their share of the UK power supply, as the government has caved in to the ’emissions’ obsessions of the climate lobby.
– – –
Reactor designer Rolls-Royce will announce that a consortium of investors will back plans for a new smaller nuclear reactor project, reports BBC News.

As part of its 10 point green energy plan, the government has already announced it would provide £210m in funding if that could be matched by private capital.

An announcement that money has been raised could come as soon as Tuesday.

Around 21% of Britain’s electricity supply is provided by nuclear power.

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More on @NZprocom not citing world’s top immigration economist?

08 Nov 2021 Leave a comment

by Jim Rose in applied price theory, economics of bureaucracy, labour economics, labour supply, politics - New Zealand

From

Why did @NZprocom not cite world’s top immigration economist?

08 Nov 2021 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, economics of bureaucracy, labour economics, labour supply, politics - New Zealand, Public Choice, unemployment Tags:

The Explanatory Gap and Mengerian Subjectivism

08 Nov 2021 Leave a comment

by Jim Rose in applied price theory

David Glasner's avatarUneasy Money

My last several posts have been focused on Marshall and Walras and the relationships and differences between the partial equilibrium approach of Marshall and the general-equilibrium approach of Walras and how that current state of neoclassical economics is divided between the more practical applied approach of Marshallian partial-equilibrium analysis and the more theoretical general-equilibrium approach of Walras. The divide is particularly important for the history of macroeconomics, because many of the macroeconomic controversies in the decades since Keynes have also involved differences between Marshallians and Walrasians. I’m not happy with either the Marshallian or Walrasian approach, and I have been trying to articulate my unhappiness with both branches of current neoclassical thinking by going back to the work of the forgotten marginal revolutionary, Carl Menger. I’ve been writing a paper for a conference later this month celebrating the 150th anniversary of Menger’s great work which draws on some of my…

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On This Day — Richard Sorge is Executed for Espionage (November 7 1944) [“The spy who changed the world”]

08 Nov 2021 Leave a comment

by Jim Rose in applied price theory

L's avatarIntel Today

“Richard Sorge’s brilliant espionage work saved Stalin and the Soviet Union from defeat in the fall of 1941, probably prevented a Nazi victory in World War II and thereby assured the dimensions of the world we live in today.”

American writerLarry Collins

November 7 2021 — On October 18 1941, Richard Sorge was arrested in Tokyo. He was hanged on November 7 1944, at 10:20 Tokyo time in Sugamo Prison. A number of famous personalities — from General Douglas MacArthur to James Bond’s father and former MI6 Ian Fleming — considered him one of the most accomplished spies. Chief Prosecutor Mitsusada Yoshikawa — the Japanese who led the prosecution and obtained Sorge’s death sentence — wrote that he never met a greater man. Richard Sorge is proof that one spy can alter the History of our world. Follow us on Twitter: @INTEL_TODAY


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Econ101 is unsafe for socialists

08 Nov 2021 Leave a comment

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Lynne Kiesling “Regulation and Innovation: The Case of Electricity”

08 Nov 2021 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, economics of regulation, energy economics

The reduced supply of safe assets

07 Nov 2021 Leave a comment

by Jim Rose in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economics, law and economics, macroeconomics, monetarism, monetary economics, public economics Tags:

Rumpole of the Bailey: Leo McKern – S07E03 – Rumpole and the Eternal Triangle

07 Nov 2021 Leave a comment

by Jim Rose in applied price theory

adamsmith1922's avatarThe Inquiring Mind

The classic comedy drama written by John Mortimer QC, starring Leo McKern together with an excellent supporting cast

Rumpole is seduced by a violinist, and learns that music can be the food of death as well as love.

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Determining the Value of Money: Next Steps for the Fiscal Theory of the Price Level

07 Nov 2021 Leave a comment

by Jim Rose in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: ,

The importance of not having dumb policy regimes

06 Nov 2021 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, international economic law, international economics, labour economics, Public Choice, rentseeking, survivor principle Tags:

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