The Importance of Economics in the Field of Law. David Friedman & Keith Knight
12 Feb 2021 Leave a comment
in applied price theory, comparative institutional analysis, David Friedman, economic history, economics of crime, economics of information, history of economic thought, industrial organisation, law and economics, property rights, Ronald Coase
Matthew Kahn on Climate Change Adaptation
12 Feb 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, energy economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, public economics, transport economics, urban economics Tags: climate alarmists
February 11: Birth and Death Anniversary of Elizabeth of York, Queen of England (1466-1503).
12 Feb 2021 Leave a comment
Elizabeth of York (February 11, 1466 – February 11, 1503) was Queen of England from her marriage to King Henry VII on 18 January 1486 until her death. Elizabeth married Henry after his victory at the Battle of Bosworth Field, which marked the end of the Wars of the Roses. Together, they had seven children.
Elizabeth’s younger brothers, the “Princes in the Tower”, mysteriously disappeared shortly after the death of her father, King Edward IV. Although the 1484 act of Parliament Titulus Regius declared the marriage of her parents, Edward and Elizabeth Woodville, invalid, she and her sisters were subsequently welcomed back to court by Edward’s brother, King Richard III. As a Yorkist princess, the final victory of the Lancastrian faction in the Wars of the Roses may have seemed a further disaster, but Henry Tudor knew the importance of Yorkist support for his invasion and promised to marry Elizabeth…
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The Swedish model – myths and realities – Johan Norberg
12 Feb 2021 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, economics of education, economics of regulation, entrepreneurship, health economics, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, liberalism, Marxist economics, politics - USA, poverty and inequality, privatisation, Public Choice, survivor principle Tags: Sweden
100 years of the Government of Ireland Act: how it provided a model for Westminster-Edinburgh relations
11 Feb 2021 Leave a comment
The Government of Ireland Act 1920 is 100 years old tomorrow. David Torrance examines the legislation and its impact, arguing that a number of the constitutional conventions that regulate relations between Westminster and Holyrood have roots in those that applied to Stormont between 1920 and 1972.
Wednesday 23 December marks the centenary of royal assent for the Government of Ireland Act 1920 (the ‘1920 Act’). That this created the part of the UK known as ‘Northern Ireland’ and its border is well known, but its devolution settlement – a parliament, government, governor and prime minister – has largely faded from public consciousness.
As the historian Graham Walker has observed, Northern Ireland ‘serves as a reminder that devolution and constitutional change has a long, complex, and fascinating history, and did not just appear magically at the end of the twentieth century’ [1]. Indeed, this blog will argue that many of the…
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It’s Subsidised Wind & Solar or Meaningful Well-Paid Jobs: But You Can’t Have Both
10 Feb 2021 Leave a comment
Australian power prices went through the roof as a result of its obsession with chaotically intermittent and heavily subsidised wind and solar (see above).
The relationship is so stark, why even a blind man, open to reality, will readily see it. However, no amount of evidence appears to register with those who pretend to govern us.
In the week just gone, Australia’s PM, Scott Morrison confirmed (if there was much doubt?) that he’s off with the fairies, with a commitment to Australia hitting a “net-zero emissions” target by 2050. Central to which is the even wilder and more fantastic claim that the target will be hit by “clean hydrogen”. Whatever on earth that means?
If Scotty from marketing thinks that we’ll soon be converting all of our ‘excess’ wind and solar power into a gas that no industrialised country has managed to tame in any great volume, as the Americans…
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Liberia II
10 Feb 2021 Leave a comment

Because AKs are inexpensive, easy to fire, require almost no training, need few repairs or maintenance, they are ideally suited for child soldiers. As many as 80 percent of the Revolutionary United Front (RUF) rebels in Sierra Leone, shown here, were boys and girls between seven and fourteen.
Within seven months of his invasion, barely noticed by the outside world, Taylor and an estimated five thousand guerillas reached the outskirts of Monrovia with their sights set on the presidential mansion where Doe had hunkered down. Despite his oppressive regime, Doe’s government had received more than half a billion dollars from the United States since the 1980s. In exchange, Doe pushed out the Soviets and permitted U.S. access to ports and land.
During the capital’s siege, U.S. Marines offered Doe safe passage out of Liberia in August along with U.S. citizens and other foreign nationals, but he refused. Doe’s rule ended…
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The End of Roman Britain I
10 Feb 2021 Leave a comment



In AD 378 the Romans suffered a catastrophic defeat at Adrianople where two-thirds of their eastern army was destroyed. Troops had to be brought from the west, which included those in Britain. In addition provincial barbarians led by their own kings and chieftains filled the ranks. In Britain there were campaigns against the Picts and the Scots led by Magnus Maximus, a Spaniard, who had been with Theodosius in Britain in AD 367–9 and had been sent back to organize the province’s defences. He was successful in these campaigns but was resentful that he had not been promoted to higher office. In AD 383, making himself popular with the troops and taking advantage of their resentment against Gratian, he got himself acclaimed emperor. He left for Gaul, taking with him a large number of troops from Britain, probably from some of the forts in Wales and the northern Pennines that…
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Finance Manager Interview #007 – David Friedman
10 Feb 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, David Friedman, defence economics, economic history, economics of crime, history of economic thought, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice, poverty and inequality, property rights, Richard Posner, Ronald Coase
Not really
09 Feb 2021 Leave a comment
Late on Friday afternoon I saw a tweet from Stuff politics and economics journalist Thomas Coughlan linking to a new and substantive article he’d written under the headline “Reserve Bank repeatedly warned Government money printing would lead to house price inflation”. Several other journalists who’ve each had a bee in their bonnet about the Reserve Bank’s asset purchase programme weighed in in support. None of them is too keen on Grant Robertson, and so it was presented as if they’d found evidence that the Minister of Finance had spent the year ignoring things that were not only totally predictable, but of which he had been advised by his officials. The Bank knew (we are told), as did The Treasury, but Robertson fiddled while Rome burned. Or so the story goes.
Now I yield to no one in my distaste for this government’s 3.5 years of appalling indifference to the…
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.@ClimateCommNZ has banned new restaurants
09 Feb 2021 Leave a comment
in applied price theory, comparative institutional analysis, energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, politics - New Zealand, survivor principle Tags: climate alarmists, unintended consequences


COLONEL WILLIAM J. DONOVAN
09 Feb 2021 Leave a comment

| Lt. Col. Donovan , 165th Reg. Inf. formerly 69th Regt. Inf. N.Y.N.G., 42nd division. Note the stripes indicating the D.S.C. which he won for bravery at Château-Thierry and the french Croix de Guerre which he was awarded on another occasion. Hazavant, France. 6 September 1918 |
William J. Donovan was combat leader, envoy, unconventional warrior, spymaster, and ambassador. His leadership in the 165th Infantry Regiment of Pershing’s American Expeditionary Forces (AEF) during the Great War demonstrated his courage, ability, and potential to become one of the most influential (and famous) Americans of his time. He received some of the nation’s highest decorations for heroism and public service. In doing so, he became the future patron of two elite U.S. organizations – the Central Intelligence Agency and the U.S. Army’s Special Forces – both of which claim descent from the Office of Strategic Services he would later found to conduct the deadly…
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And so it begins: UK Government mulls emergency measures that would enable networks to switch off your electricity without warning or compensation
08 Feb 2021 Leave a comment
White Defeat in the Russian Civil War
08 Feb 2021 Leave a comment


The Red versus White struggle was decided on the battlefield, but the outcome of civil wars also depends on the contenders’ ability, through politics and propaganda, to convince people to fight for them (or at least not to raise arms against them). In this field, governance, the Whites were a spectacular failure. Consequently, no matter how successful their main military thrusts were, when the tide turned and advances morphed into retreats, the Whites had nothing to fall back on. Hence the precipitous collapse of the AFSR, the North-West Army, and Kolchak’s Russian Army.
This is not to say that the Whites did not try to compete with the Bolsheviks on the political plane—however much their background in the Russian military tended to incline them to regard “politics” as a dirty word (a feeling amplified by the disasters of 1917). Both Kolchak and Denikin actually elaborated political programs in 1919 that…
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