
Economic Growth in the Long Run: Artificial Intelligence Explosion or an Empty Planet? Ben Jones & Chad Jones
27 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, behavioural economics, comparative institutional analysis, development economics, discrimination, economic growth, economic history, economics of education, economics of regulation, entrepreneurship, gender, growth disasters, growth miracles, history of economic thought, human capital, industrial organisation, labour economics, labour supply, law and economics, macroeconomics, occupational choice, population economics, poverty and inequality, property rights, public economics, survivor principle Tags: creative destruction, economics of fertility, endogenous growth theory
‘Battery arms race’: how China has monopolised the electric vehicle industry
27 Nov 2021 Leave a comment
French Resistance: Couple Collect €100,000 In Damages For Wind Turbine Noise Nuisance
27 Nov 2021 Leave a comment
The grinding, thumping cacophony generated by giant industrial wind turbines delivers wholly unnecessary misery worldwide. Sleep deprivation is first among the list of adverse health effects caused by these things and the pulsing low-frequency noise they generate.
The wind industry has fought tooth and nail to avoid the consequences of the harm it dishes out, mostly with impunity.
However, increasingly its victims are fighting back and winning.
One French couple, driven mad and eventually driven out of their home by wind turbine noise have had just such a victory.
French couple win legal fight
The Guardian
Kim Willsher
8 November 2021
A French court has recognised “wind turbine syndrome” after a couple established that their health was damaged by noise from a nearby wind farm.
In what is believed to be the first judgment of its kind in France, Belgians Christel and Luc Fockaert were awarded more than €100,000 in…
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A Liberal View on Trade and Development
27 Nov 2021 Leave a comment
This is the pre-edited text of an article that will shortly be published in World Commerce Review (https://www.worldcommercereview.com)
The liberal tradition in political thought is by no means unified. The original ideas developed in the (Scottish) Enlightenment, most importantly by David Hume and Adam Smith, have been modified extensively. This has led to different definitions and practical applications of individual freedom, the core idea of liberalism, but also of most other ideas associated with the liberal tradition.[i] Regardless this proliferation, the wide liberal support for free trade and globalization as a means to alleviate poverty and foster human development more broadly has been rather constant, although the ideal of trade free from all government interference has never been within reach. With the World Trade Organization at shambles, the increase of bilateral and regional trade treaties which often hamper free trade more than fostering it, and a general anti-liberal sentiment…
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Why Was the Fed Created?” with George Selgin — Ron Paul Fed Lecture Series, Pt 1/3
27 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, economic history, economics of bureaucracy, great depression, industrial organisation, macroeconomics, monetarism, monetary economics, Public Choice Tags: monetary policy
Nobody Messes with Godfrey Giffard, Bishop of Worcester: Punishing the Violators of Sanctuary
27 Nov 2021 Leave a comment
Posted by Sara M. Butler, 26 November 2021.

A felon’s right to claim sanctuary upon sacred ground for a period of forty days is hardly a new subject for this blog (see previous blogs by McSheffrey, Butler, Kesselring, and McSheffrey). Nor is the tension that sometimes existed between sheriffs keen to catch a criminal and the church’s dogged persistence that sanctuary must be respected. When violations of sanctuary by royal officials did occur, we usually hear about the consequences from the secular side of things. The close rolls offer up numerous instances of felons restored to sanctuary at the request of the king, presumably after complaints issued from the church in question. For example, royal correspondence to the sheriffs of London in September of 1337 ordered them to restore Andrew of Sutton immediately to the church of All Hallows, Haywharf in London…
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12th Annual Feldstein Lecture – 2020 Claudia Goldin
27 Nov 2021 Leave a comment
in applied price theory, comparative institutional analysis, discrimination, economic history, economics of education, gender, history of economic thought, human capital, industrial organisation, labour economics, labour supply, occupational choice, occupational regulation, poverty and inequality
George Selgin the Fed’s century of failure
26 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Greenland Ice Sheet Melting No Faster Than Last Century
26 Nov 2021 Leave a comment
By Paul Homewood
The climate doomsday machine makes much more noise about warming-induced melting of Greenland’s ice sheet than Antarctica’s, even though the Greenland sheet holds only about 10% as much ice. That’s because the smaller Greenland ice sheet is melting at a faster rate and contributes more to sea level rise. But the melt rate is no faster today than it was 90 years ago and appears to have slowed over the last few years.
Full story here.
Below is the key graph, with Ralph’s comments:
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Not really up to the job
25 Nov 2021 Leave a comment
I was tempted to head-up this belated MPS post “Je ne regrette rien”, as that – I regret nothing (about last year’s monetary policy) – was what Orr told yesterday’s press conference as he was getting rattled towards the end. He should regret quite a bit – notably the $5.7 billion of taxpayer losses on the LSAP, and the ongoing huge risks (neither were points he was willing to engage on, whether in the MPS, in the press conference, or at FEC this morning – indeed he actively played distraction). But that isn’t really where I want to focus my thoughts on the Monetary Policy Statement.
I thought the MPC should have raised the OCR by 50 points. The MPC disagreed, and moved by only 25 points. That is their choice of course, but – once again – I was struck by just how lacking and inadequate the supporting…
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The Religious Discrimination Bill arrives
25 Nov 2021 Leave a comment
After a long wait, the Federal government has released the text of the Religious Discrimination Bill 2021 which is about to be introduced into the Parliament. There has been no general Federal law dealing with detrimental treatment of Australians on the basis of their religious faith and activities, and this is a welcome development, implementing a recommendation of the Ruddock Review which reported in 2018.
The government previously released two “Exposure Drafts” of the Bill (see some comments on those in previous posts, here, and here.) Having promised prior to the last election that he would advance this law, Prime Minister Morrison will now introduce it into the House of Representatives. If passed by the House, the Bill will then need to approved by the Senate, where it seems likely to be referred to (yet another) committee before being voted on there, probably sometime in the New Year.
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The State of Africa: A History of the Continent Since Independence by Martin Meredith (2005)
25 Nov 2021 Leave a comment
Meredith’s big book (770 pages) does what it says on the tin and tells the history of every African country from the run-up to independence, i.e. starting in the mid-1950s, to the time of writing, i.e. about 2004, covering half a century of tumultuous history. It’s a vast subject but Meredith’s book is an easy and pleasurable read. He writes a wonderfully clear, expressive prose which effortlessly conveys a huge amount of information and profiles countries, leaders and events with deceptive ease.
The narrative is chock-a-block with facts and dates, central figures and key events, but a handful of general principles emerge all too clearly.
Imperialism’s mistakenly long-term view
The colonial powers thought they were in it for the very long haul. As the Second World War ended, most thought the colonies they ruled wouldn’t be ready for independence for centuries, certainly not till the end of the twentieth century…
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The Private Supply of Money | George A. Selgin
24 Nov 2021 1 Comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, economic history, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy

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