
Can behavioural economists explain why incentives work in an asylum for the criminally insane
07 Aug 2019 Leave a comment
in applied price theory, behavioural economics, comparative institutional analysis, experimental economics, health economics, labour economics, labour supply, occupational choice Tags: economics of mental illness, token economies

Convention rules for the Democratic Socialists of America
07 Aug 2019 Leave a comment
Here are two videos from last weekend’s Atlanta, Georgia convention of the Democratic Socialists of America (DSA), a group whose members include Alexandria Ocasio-Cortez and which has endorsed (and worked for) the election of Bernie Sanders. The organization is pretty much what it says it is,—a group that favors liberal democracy but with significant socialistic aspects like universal Medicare. As they say,
We believe that working people should run both the economy and society democratically to meet human needs, not to make profits for a few. We are a political and activist organization, not a party; through campus and community-based chapters, DSA members use a variety of tactics, from legislative to direct action, to fight for reforms that empower working people.
So far so good, though I’m probably less socialistic than many of them (I’m not quite ready for “Medicare for All”, for instance). But I’m not above…
View original post 370 more words
Economics #1 Law vs. Politics #1 Law
06 Aug 2019 Leave a comment
By Dan Sanchez writes at Real Clear Markets ‘Free Everything’ and Thomas Sowell’s First Law of Politics.Excerpts in italics with my bolds.
The other night, a politician criticized Bernie Sanders and Elizabeth Warren for offering voters “free everything and impossible promises.” Remarkably, the critique came, not from a Republican fiscal conservative, but from a fellow Democrat during a primary debate. John Delaney, a former congressman from Maryland, said such policies were based on “fairy-tale economics.”
As economist Thomas Sowell wrote, “The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
So it was surprising to see a presidential candidate give a nod to the first lesson of economics and lay off the first lesson of politics for a moment.
The word “free” slips freely…
View original post 633 more words
How Tory was Wilberforce?
06 Aug 2019 Leave a comment
The House of Commons in Wilberforce’s day, by Augustus Pugin and Thomas Rowlandson
Note: unless otherwise indicated, page numbers cited are from my book. For copyright reasons I am unable to quote directly from the Wilberforce MS in the Bodleian Library, Oxford, but the quotations are to be found in the book, fully referenced.
The Chancellor of the Exchequer, George Osborne is the latest Conservative to claim the credit of the abolition of the slave trade and slavery for his party. This is repeated so often than it is almost becoming an established ‘fact’. The reality is that the slave trade was abolished in 1807 by a coalition government, and slavery itself was abolished in 1833 by a Whig administration. Alongside this false claim goes the assumption that William Wilberforce was a Tory. I am going to suggest here that this is a problematic identification that risks misunderstanding both the man…
View original post 1,323 more words
Kaput!!: German Resistance Killing Off Wind Power Projects – Wind Turbine Construction at a Standstill
06 Aug 2019 Leave a comment
Not long ago, Germany led the charge on wind power, now its wind industry faces Armageddon. Subsidies have been cut. Market rules against intermittent sources have been tightened. Germany’s rural residents are on the brink of revolt, fed up with their bucolic landscapes being trashed and being forced to live with practically incessant turbine generated low-frequency noise and infrasound. And a fair proportion of those neighbours forced to suffer these things are pursuing legal remedies against those ready to torment them.
All in all, it’s a perfect storm, with thousands of MWs worth of projects at a standstill and the hopes of eager developers left in tatters.
Needless to say, the rent-seekers that populate Germany’s wind industry are apoplectic.
German daily Die Welt reports on the desperate state of fear and self-loathing that’s struck amongst a group who thought that their sunny days would never end.
Collapse of Wind Power…
View original post 705 more words
Book Review: The Complete Maisky Diaries
04 Aug 2019 Leave a comment
Having published The Maisky Diaries: Red Ambassador to the Court of St James’s, 1932-1943, an abridged version of the Soviet Ambassador to London diaries, in 2015, Yale University Press has now published The Complete Maisky Diaries in three volumes. The set is edited by Gabriel Gorodetsky, emeritus professor of history at Tel Aviv University, and presents the entire original diary which is 500,000 words in length. The editor provides annotations, extensive commentary to contextualize the diaries and fill gaps in their keeping, and three biographical chapters on Ivan Maisky (“The Making of a Soviet Diplomat,” “End of an Era: Maisky’s Recall,” and “The Price of Fame: A Late Repression).
Maisky was appointed Soviet ambassador to London in 1932, despite his having a dubious background as a Menshevik and member of the anti-Bolshevik Komuch government in 1918 who only belatedly joined the Bolsheviks. His earlier associations always cast “a huge…
View original post 532 more words
Legal Calamity: Climate Nuisance Lawsuits
04 Aug 2019 Leave a comment
Iowa Climate Science Education

It has come to this: Sue anyone doing anything you don’t like for profit as a “Public Nuisance.” Further on is reprinted a previous post explaining why it is legally wrongheaded to claim damages against purveyors of fossil fuels because of global warming/climate change. What is news today is a federal judge making exactly that mistake.
Michael I. Krauss writes at Forbes Federal Judge Allows Misuse Of Public Nuisance Doctrine. Excerpts in italics with my bolds.
I have written, in this column and elsewhere, about the threat to the Rule of Law created by the misuse and abuse of Public Nuisance doctrine. Now I write to bemoan a federal judge’s tolerance of a particularly egregious effort by a state to invoke this ancient tort (typically used to sanction those who blocked the public roads) to judicially create legislative policy.
In State of Rhode Island v Chevron Corp. et…
View original post 2,670 more words
The History of Human Progress in Just Five Minutes
04 Aug 2019 Leave a comment
Back in 2014, I shared two videos – one narrated by Deirdre McCloskey and the other narrated by Don Boudreaux – explaining how the world went from near-universal poverty to mass prosperity (at least in the nations that embraced free markets and the rule of law).
Here’s a video with a similar theme, narrated by Dan Hannan, a British member of the European Parliament (hopefully not for long).
I like this video because it goes back 10,000 years to the invention of agriculture.
Hannan explains how this led to the creation of governments, basically acting as “stationary bandits.”
And for thousands of years, a tiny elite of kings and nobles basically acted as dictators while 99 percent of people endured horrid lives of slavery, oppression, poverty, and misery.
But then, as Hannan discusses (and also explained in the McCloskey and Bourdreaux videos), arbitrary power eventually…
View original post 135 more words
New Brunswick’s Lieutenant Governor Has Died In Office
03 Aug 2019 Leave a comment
Without a Lieutenant Governor, the Legislature of New Brunswick (which consists of the Legislative Assembly and the Lieutenant Governor) can pass no laws, and the Government of New Brunswick can promulgate no Orders-in-Council in the name of the Lieutenant Governor-in-Council and no proclamations in the name of the Lieutenant Governor. Administrators who can act in place of Lieutenant Governors also lose their functions upon the resignation or death of the Lieutenant Governor whom they serve.
Jocelyne Roy-Vienneau, the Lieutenant Governor of New Brunswick, has just died of cancer after having revealed the diagnosis in the fall of 2018 around the time of the last change of government from Gallant to Higgs. CBC News reports that the province’s Protocol Office will make more announcements in the coming days. Canada has lost two Lieutenant Governors to cancer in as many months, after W. Thomas Molloy, the Lieutenant Governor of Saskatchewan, died in office on 2 July.
View original post 613 more words
Weekend long read
03 Aug 2019 Leave a comment
1) At ‘Lawfare’, Matthew J. Aiesi presents a legal view of the incendiary attacks launched from the Gaza Strip.
“…Israel has also been subjected to frequent attacks by incendiary balloons. By early June of this year, these attacks had destroyed approximately 4,300 acres of land, and more has been destroyed since then. Yet news reports on the incendiary balloons often fail to identify the balloons for what they are—a war crime. […]
As Hamas has been using them, these incendiary balloon attacks violate numerous rules and customs of warfare—principally concerning the targeting of civilians and the use of indiscriminate weapons. The attacks also likely violate the prohibition on the use of incendiary weapons in this context.”
2) MEMRI reportson views of the PA’s handling of an incident earlier this year.
“On April 26, 2019, an urgent appeal by the largely Christian residents of the Palestinian village of Jifna, in the Ramallah and Al-Bireh district…
View original post 441 more words
@PaulKrugman explains #TPPANoWay
03 Aug 2019 Leave a comment
in applied price theory, applied welfare economics, health economics, international economic law, international economics, International law, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: patents and copyright, preferential trade agreements
NEWSPAPERS- CAN THEY SURVIVE?
03 Aug 2019 Leave a comment
The latest Pew Research American statistics at first light make grim reading. It appears that over the last decade in all traditional news outlets, that is newspapers, radio, television and cable, total employee numbers dropped by 25%.
But analysis shows the employee numbers in radio, television and cable in fact pretty much stayed the same and the drop was almost entirely attributable to newspapers which lost 47% of their staff in the past ten years. For those of us interested in quality and substance in their news consumption, which television and radio cannot provide, this is alarming.
View original post 321 more words
WHY SHOULD TODAY’S POOR SUBSIDISE TOMORROW’S RICH?
02 Aug 2019 Leave a comment
Iowa Climate Science Education
Sanjeev Sabhlok: Why Should We Subsidise Tomorrow’s Rich In The Name Of The Climate?
The Times of India, 28 July 2019
As a liberal party, our default position is to reject any government intervention in the lives of people unless it is thoroughly justified. In particular, we reject the wishy-washy precautionary principle. Real harm must be proven before even the thought of government intervention is entertained.
The Times of India, 28 July 2019
As a liberal party, our default position is to reject any government intervention in the lives of people unless it is thoroughly justified. In particular, we reject the wishy-washy precautionary principle. Real harm must be proven before even the thought of government intervention is entertained.
It is a matter of concern to us that Indian governments have been dumping scarce taxpayer resources into renewable energy and other inefficient technologies in the name of “climate change”. Instead of acting as the voice of reason, governments world-wide are having a picnic, feasting on our panic. When people are scared, it is much easier to raid their pockets.
We are the only party in India (and possibly in the world) that stands for reason. We believe that everything must be…
View original post 796 more words






Recent Comments