
From Big Ideas in Macroeconomics: A Nontechnical View By Kartik B. Athreya
23 Jul 2019 Leave a comment
Alan Manning does his best to argue that monopsony is not a pejorative word nor grounds for minimum wage rises
23 Jul 2019 Leave a comment

Classic TV: Special Branch – George Sewell, Patrick Mower,Roger Rowland – S03 E06
22 Jul 2019 Leave a comment
Episode 1 and 2 seem to be missing
Special Branch is a British television series made by Thames Television for ITV and shown between 1969 and 1974. A police drama series, the action was centred on members of the Special Branch anti-espionage and anti-terrorist department of the London Metropolitan Police.
The first two series were shot mainly in a studio on videotape with filmed location inserts; a standard method of the time but one which suffered from jarring differences in picture quality between interior and exterior scenes. The location scenes of some episodes were shot on outside broadcast cameras, leading to smoother transitions between location and studio work for those episodes. Series 1 and 2 starred Derren Nesbitt as Detective Chief Inspector (DCI) Jordan, working to Detective Superintendent Eden (Wensley Pithey) and subsequently Det. Supt. Inman (Fulton Mackay). The episodes featuring Eden (the first nine…
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Why and how geographic differences matter in economic well-being?
22 Jul 2019 Leave a comment
Superb interview of University of California, Berkeley economist Enrico Moretti.
He explains why despite the internet people continue to work in select concentrated locations:
EF: During perhaps the first decade or so of the World Wide Web, there were numerous predictions that geography would disappear or almost disappear as an issue in knowledge work. It seemed as if white-collar workers, if one believed the predictions, would be able to work from anywhere.
Moretti: Yes.
EF: What happened?
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The Myth of the Rational Voter | Bryan Caplan & Will Wilkinson
22 Jul 2019 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of information, Public Choice, public economics Tags: rational ignorance, rational irrationality
Thomas Sowell On the Myths of Economic Inequality
22 Jul 2019 Leave a comment
It’s Sunday, so perhaps you have more time to watch a little longer intellectual discussion of capitalism and freedom from Thomas Sowell, brilliant as usual. A splendid commentary on the general conversation out there today.
Sowell discusses his early life as a high school dropout and his first full-time job as a Western Union messenger delivering telegrams. He admits to flirting with Marxism in his early twenties as he first tried to grapple with the housing inequality he saw across the neighborhoods of New York City. Marxism, he says, was the only explanation he could find at the time. He went on to serve in the Marine Corps before continuing his education in economics at Harvard and earning a master’s at Columbia and a PhD at the University of Chicago.
Sowell’s first job after his receiving his PhD in economics was working for the Department of Labor, and he says…
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Zimbabwe’s inflation and economic mismanagement impacts its cricket..
21 Jul 2019 Leave a comment
International Cricket Council has suspended Zimbabwe as its member:
Zimbabwe have been suspended from the ICC with immediate effect. ICC funding to Zimbabwe Cricket has been frozen, and representative teams from Zimbabwe will not be allowed to participate in any ICC events while under suspension, making Zimbabwe’s participation in the Women’s T20 World Cup Qualifier in August and Men’s T20 World Cup Qualifier in October highly unlikely.
After several rounds of meetings in London this week, the ICC Board unanimously decided that Zimbabwe Cricket was in breach of Article 2.4 (c) and (d) of the ICC Constitution, and that the actions of the Sports and Recreation Commission (SRC) in suspending the board in June constituted government interference in Zimbabwe Cricket’s affairs.
“We do not take the decision to suspend a Member lightly, but we must keep our sport free from political interference,” ICC Chairman Shashank Manohar said. “What has happened…
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Hyper-Hypocrites: Greens Love Wind Power – In Your Backyard – But Never In Theirs
21 Jul 2019 Leave a comment
Did it occur to Brown that this opposition would completely discredit him
Don’t let Bill McKibben’s red T-Shirt fool you…
Fascism comes in all shades, including ‘green’. Marching around and telling other people what to do, makes the green fascist no different than the jackbooted kind, of old.
Where the green fascist differs, is in his ability to pontificate from the high moral ground, while engaging in every act he so vocally despises.
Which brings us to Bob Brown.
Dr Bob has called in an airstrike in his own position, with the media having a field day with his very sudden about face on wind power.
The former head honcho for the Australian Greens is now guilty of precisely the charge he’s been laying at the feet of oppressed rural folk for years.
Bob and his ilk scream N-I-M-B-Y whenever ordinary Australians jack up about the idea of having a few hundred 300 tonne plus, 270 m whirling wonders speared into their…
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Paul Krugman on virtue signaling over sweatshop labour in export industries in poor countries
21 Jul 2019 Leave a comment
in applied price theory, development economics, economic history, growth disasters, growth miracles, labour economics, labour supply, Public Choice Tags: child labour, The Great Escape
Global energy demand to double by 2050
21 Jul 2019 Leave a comment

While many richer countries play fake climate games with their so-called ‘virtue signalling’ energy policies, the not-so-well-off majority try to get more access to those same power sources which are so necessary for better living conditions, e.g. air conditioning in hotter countries, and for general prosperity and health: more schools, hospitals, roads and all the rest.
Global power consumption will more than double over the next 30 years, says The Global Warming Policy Forum (GWPF).
Global oil and gas demand will respectively surge 22% and 66% from 2020 to 2050. There’s an unimaginable urbanization boom occurring around the world that means more energy use.
We, of course, don’t see much of it here in the West, but global cities swell in population by some 80 million people every year: e.g., the rise of the “megacity” with 10 million residents.
Basically all population growth in the decades ahead will take…
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NYT Does More Weird Science: Heat Waves
21 Jul 2019 Leave a comment
Ronald Bailey writes at Reason The New York Times Says Heat Waves Are Getting Worse. The National Climate Assessment Disagrees. Excerpts in italics with my bolds.
Americans east of the Rockies are sweltering as daytime temperatures soar toward 100 degrees or more. It is now customary for journalists covering big weather events to speculate on how man-made climate change may be affecting them, and the current heat wave is no exception. Take this headline in The New York Times: “Heat Waves in the Age of Climate Change: Longer, More Frequent and More Dangerous.”
As evidence, the Times cites the U.S. Global Change Research Program, reporting that “since the 1960s the average number of heat waves—defined as two or more consecutive days where daily lows exceeded historical July and August temperatures—in 50 major American cities has tripled.” That is indeed what the numbers show. But it seems odd…
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Common Sense & Thomas Sowell – by Amanda S. Green
20 Jul 2019 Leave a comment
Common Sense & Thomas Sowell – by Amanda S. Green
Say the name Thomas Sowell to many liberals and you will quickly see them searching for ways to condemn him. He’s a well-respected, extremely well-educated person of color (to use the term du jour) who refuses to be a victim. Worse, he refuses to parrot the party line. Instead, he looks at history. He studies the facts. Then—gasp—he applies common sense. How dare he do anything but fall into whatever pre-ordained category they want to shuffle him off into.
Another reason the Left would dearly love to silence him is because his writing is easily readable by just about anyone. Don’t get me wrong. He can write an academic paper or book to rival anyone. But he can also take a serious topic and write about it in such a way the average person can not only understand the facts—and…
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The National Climate Assessment Disagrees With NYT That Heatwaves Are Getting Worse
20 Jul 2019 Leave a comment
At least in the lower 48 states.
RONALD BAILEY | 7.19.2019, Reason
Americans east of the Rockies are sweltering as daytime temperatures soar toward 100 degrees or more. It is now customary for journalists covering big weather events to speculate on how man-made climate change may be affecting them, and the current heat wave is no exception. Take this headline in The New York Times: “Heat Waves in the Age of Climate Change: Longer, More Frequent and More Dangerous.”
As evidence, the Times cites the U.S. Global Change Research Program, reporting that “since the 1960s the average number of heat waves—defined as two or more consecutive days where daily lows exceeded historical July and August temperatures—in 50 major American cities has tripled.” That is indeed what the numbers show. But it seems odd to highlight the trend in daily low temperatures rather than daily high temperatures.
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