02 Feb 2020
by Jim Rose
in applied price theory
European Royal History
Carlos I (September 28, 1863 – February 1, 1908), known as the Diplomat and the Martyr was the King of Portugal from 1889 until his assassination in 1908. He was the first Portuguese king to die a violent death since Sebastian in 1578.

Carlos, King of Portugal
Carlos was born in Lisbon, Portugal, the son of King Luís and Queen Maria Pia, daughter of King Victor Emmanuel II of Italy and his wife Archduchess Adelaide of Austria, daughter of Archduke Rainer of Austria and his wife Princess Elisabeth of Savoy. and was a member of the House of Braganza. He had a brother, Infante Afonso, Duke of Porto. He had an intense education and was prepared to rule as a constitutional monarch. In 1883, he traveled to Italy, the United Kingdom, France and Germany, where he increased his knowledge of the modern civilization of his time. In 1883, 1886 and…
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02 Feb 2020
by Jim Rose
in applied price theory
Climate Etc.
by Judith Curry
Of the four IPCC assessment reports, I think the first assessment report (FAR) presents the case with the greatest clarity.
Since the FAR was published 20 years ago, it is worth taking a look to see how their conclusions and levels of confidence and uncertainty have stood up to the test of time.
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02 Feb 2020
by Jim Rose
in applied price theory
Why Evolution Is True
The “Atheist Muslim” Ali Rizvi called attention to Facebook’s new ban on his wife, feminist activist Alishba Zarmeen, for an emotional but affecting post that, as he notes below, condemned those who blamed an 8-year-old Pakistani girl for her own rape and murder, as well as calling out some doctrines of Islam that enable this kind of victim-blaming.
Now we can only speculate why Facebook banned Zarmeen, but I’ve put her entire post below, and you can judge for yourself why Facebook suspended her for a month for violating “community standards”.
(Note: CNN reports the girl…
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02 Feb 2020
by Jim Rose
in applied price theory
Why Evolution Is True
Today, February 1, is World Hijab Day. Ironically, the date coincides with the day in 1979 when Ayatollah Ruhollah Khomeini returned to Tehran and became the country’s Supreme Leader, helping turn Iran into a theocracy.
Part of the theocratic changes involved laws forcing women to wear the hijab. The women of Iran didn’t like that. They took to the streets, demonstrating against the regulation, but it was to no avail. Now women in Iran are being jailed, even for years, for simply removing their hijab in public (see my posts here and here, and the collection here). It’s not optional, but mandatory, and it might as well be mandatory in Afghanistan, where social pressure and the morality police mean that virtually every woman covers their head.
In other places where hijab isn’t mandatory, social pressure and parental and peer pressure mean that even young girls are forced to…
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02 Feb 2020
by Jim Rose
in applied price theory
Tallbloke's Talkshop
Towing is not suitable for EVs
All wheels should ideally be off the ground when moving EVs from point to point. But now a diesel rescue van can generate enough of a boost charge to enable stranded drivers to get to the nearest charge point in their own EV – in parts of the UK at least.
In readiness for the UK’s expected electric vehicle boom, the RAC has developed its EV Boost system – the first lightweight mobile EV-charger capable of giving stranded out-of-charge cars a power boost from one of its standard orange roadside rescue vans, says NextGreenCar.
The bespoke solution can be rolled-out to hundreds of patrol vehicles ensuring the RAC can match the scale of demand as electric vehicle ownership grows in the coming years.
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02 Feb 2020
by Jim Rose
in applied price theory
Tallbloke's Talkshop

Lack of public enthusiasm for much-touted electric cars wasn’t overcome by these relatively low-cost offerings. Where they think a sales boom is going to come from is a mystery.
An all-electric car-sharing scheme in London is being scrapped next month in a setback to the capital’s ambitions to get more polluting vehicles off the road, says the Evening Standard.
French-owned Bluecity, which ran a fleet of distinctive red battery-powered cars, said its £5-per-half hour service was no longer financially viable after it secured deals with only three London councils. It will officially shut down on February 10.
A second car-sharing club, German-owned DriveNow, is pulling out of London at the end of next month. It operated 130 electric BMW i3 cars out of a total fleet of more than 700 vehicles.
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02 Feb 2020
by Jim Rose
in applied price theory
Science Matters

Writing in the National Post Conrad Black asks the question: What did Canadians do to deserve this government? Excerpts below with my bolds and images.
Canada is a great country crossing the desert of self-chosen and misguided leadership. There is no vision except platitudes and quixotry
Following the decisive defeat of the international left in the Cold War, the disintegration of the Soviet Union, the collapse of international communism and the defection of China to the virtues of a market economy (though still with a heavy command ingredient), the international left, evicted from power and even intellectual respectability, fetched up in the camp of the conservationists, those who cared most demonstratively for the environment. They shouldered aside the long-standing opponents of untreated effluent and advocates for natural habitats, and assaulted capitalism from a new quarter, waving the green flag of ecological radicalism rather than the red banner of Marx.
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02 Feb 2020
by Jim Rose
in applied price theory, discrimination, econometerics, economics of education, economics of information, gender, human capital, labour economics, labour supply, law and economics, occupational choice, personnel economics
Tags: gender wage gap, sex discrimination
01 Feb 2020
by Jim Rose
in applied price theory
Michael A. Sherlock (Author)
Introduction
In 2009, a Christian mother of five, Aasiya Noreen (AKA Asia Bibi), was arrested and charged with blasphemy under S. 295C of Pakistan’s Penal Code.[1] In 2010, Aasiya was sentenced to death for “insulting the Prophet”.[2] Aasiya’s case has garnered international attention,[3] and owing not only to the unconvincing case against her[4] but also the assassinations of two politicians associated with her case – Punjab governor Salman Taseer and Christian minorities minister Shabhaz Bhatti –[5] Pakistan’s anti-blasphemy law (hereon ‘blasphemy law’) has been placed under an increasingly intense spotlight.[6] In 1986, Pakistan’s blasphemy law, which is a legislative colonial relic of pre-partitioned India,[7] was amended under the military governance of General Zia-ul Haq to include the death penalty.[8] In 1991, the Federal Shariat Court of Pakistan struck down the option for life imprisonment, prescribing death and a heavy fine as obligatory punishments under S 295 C,[9] which reads:
‘
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01 Feb 2020
by Jim Rose
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, discrimination, econometerics, economic history, economics of bureaucracy, economics of education, economics of information, economics of regulation, human capital, income redistribution, labour economics, labour supply, law and economics, occupational choice, occupational regulation, politics - USA, population economics, poverty and inequality, Public Choice, public economics, urban economics
Tags: affirmative action, child poverty, family poverty, racial discrimination, The fatal conceit
01 Feb 2020
by Jim Rose
in applied price theory, applied welfare economics, comparative institutional analysis, discrimination, econometerics, economic history, economics of bureaucracy, economics of education, economics of information, economics of regulation, gender, human capital, income redistribution, labour economics, labour supply, law and economics, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking
Tags: affirmative action
01 Feb 2020
by Jim Rose
in applied price theory, budget deficits, business cycles, economic growth, economic history, economics of information, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, macroeconomics, monetary economics, Public Choice
Tags: fiscal stimulus, monetary policy
01 Feb 2020
The Baseline Scenario
By Simon Johnson, co-author of 13 Bankers
In our continuing financial debate, one of the central myths – put about by big banks and also not seriously disputed by the administration – is that reining in “too big to fail” banks is in some sense an “anti-market” approach.
Speaking on CNBC at the end last week, Gene Fama – probably one of the most pro-market economists left standing – pointed out that this view is nonsense. (The clip is here, and also on Greg Mankiw’s blog; TBTF is the focus from about the 5:50 minute mark.)
Having banks that are Too Big To Fail, according to Fama, is “perverting activities and incentives” in financial markets – giving big financial firms,
“a license to increase risk; where the taxpayers will bear the downside and firms will bear the upside.”
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by Jim Rose
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