TweetAmong the many bits of unearned good fortune that have come my way in life was to have been a student in two of Fritz Machlup‘s classes at NYU. (In Spring 1981 I was a student in the last graduate course he taught on one of his specialities, International Trade. That course was phenomenally good.…
Fritz Machlup (1902-1983)
Fritz Machlup (1902-1983)
19 Dec 2023 Leave a comment
in applied price theory, Austrian economics, history of economic thought, international economics
Claudia Goldin: “What’s ‘Greedy Work’ and Why Is It a Problem?” | People…
18 Dec 2023 Leave a comment
in applied price theory, discrimination, economic history, gender, history of economic thought, human capital, labour economics, labour supply, minimum wage, occupational choice Tags: gender wage gap, sex discrimination
The Piketty-Saez-Zucman response to Auten and Splinter
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
Is Discrimination Still Causing The Gender Pay Gap With Claudia Goldin
13 Dec 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, human capital, labour economics, labour supply, minimum wage, occupational choice Tags: gender wage gap, sex discrimination
Goldin Nobel
13 Dec 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
Can Argentina Be Rescued, Part III
12 Dec 2023 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, growth disasters, income redistribution, international economics, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, Milton Friedman, monetary economics, Murray Rothbard, Public Choice Tags: Argentina
My trip to Argentina last year motivated me to write Part I of this series, which focused on whether things might get better in that tragic country for the simple reason that they couldn’t possibly get any worse. In Part II of this series, I analyzed whether a libertarian candidate’s surprisingly strong performance in Argentina’s […]
Can Argentina Be Rescued, Part III
California dreaming no more
11 Dec 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, entrepreneurship, income redistribution, industrial organisation, labour economics, minimum wage, Public Choice, public economics Tags: California, Florida
A Pro-Globalization Banquet
05 Dec 2023 Leave a comment
in applied price theory, development economics, economic history, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, liberalism, Marxist economics, Public Choice, rentseeking Tags: Age of Enlightenment, The Great Enrichment, The Great Escape
If you want to drink deeply of unabashedly pro-globalization essays, the Cato Institute has a “Defending Globalization” project underway. The well-written essays are mostly short or mid-length, and clearly aimed at the general public–including undergraduate students. I can’t hope to summarize the essays here, and indeed, more essays are on their way (and you can…
A Pro-Globalization Banquet
Dr Michael John Schmidt: Poisoned pill – Te Whatu Ora
02 Dec 2023 Leave a comment
In September 2008 during the year of the last financial collapse, Peter Cappelli authored an article titled The Trouble with HR in the Harvard Business Review. In it, he argued that HR departments had lost their relevance and credibility in many organisations, asserting the need for them to reinvent themselves. Cappelli claimed that HR departments…
Dr Michael John Schmidt: Poisoned pill – Te Whatu Ora
November 17, 1516: Birth of Queen Mary I of England and Ireland. Part VI.
01 Dec 2023 Leave a comment
Religious policy In the month following her accession, Mary issued a proclamation that she would not compel any of her subjects to follow her religion, but by the end of September 1553, leading Protestant churchmen—including Thomas Cranmer, John Bradford, John Rogers, John Hooper, and Hugh Latimer—were imprisoned. Mary’s first Parliament, which assembled in early October, […]
November 17, 1516: Birth of Queen Mary I of England and Ireland. Part VI.
Perhaps intergenerational mobility has not declined in the United States after all
30 Nov 2023 Leave a comment
From the latest American Economic Review: A large body of evidence finds that relative mobility in the US has declined over the past 150 years. However, long-run mobility estimates are usually based on White samples and therefore do not account for the limited opportunities available for nonwhite families. Moreover, historical data measure the father’s status […]
Perhaps intergenerational mobility has not declined in the United States after all
Prize lecture: David Card, Sveriges Riksbank Prize in Economic Sciences …
30 Nov 2023 Leave a comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply, minimum wage, unemployment
DAVID FARRAR: Luxon is absolutely right
29 Nov 2023 Leave a comment
1 News reports: Christopher Luxon says he was told by some Kiwis on the campaign trail they “didn’t know” the difference between Waka Kotahi, Te Pūkenga and Te Whatu Ora. Speaking to Breakfast, the incoming prime minister said having English first on government agencies will “make sure” people “understand” what agencies are and what they…
DAVID FARRAR: Luxon is absolutely right
Treaty pledge to secure funding is contentious – but is Peters being pursued by a lynch mob after making bribery claims?
29 Nov 2023 Leave a comment
TV3 political editor Jenna Lynch was among the corps of political reporters who bridled, when Deputy Prime Minister Winston Peters told them what he thinks of them (which is not much). She was unabashed about letting her audience know she had bridled. More usefully, she drew attention to something which rankles the combative Peters. It’s […]
Treaty pledge to secure funding is contentious – but is Peters being pursued by a lynch mob after making bribery claims?
Utopia, you are standing in it! 
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