19 May 2019
by Jim Rose
in applied price theory
Climatism
Labor’s election strategy to make climate alarmism the key issue has backfired | CLIMATISM
“The whole aim of practical politics is to keep the populace alarmed
(and hence clamorous to be led to safety)
by menacing it with an endless series of hobgoblins,
all of them imaginary.”
– H.L. Mencken
“The fact that an opinion has been widely held is no evidence whatever that it is not utterly absurd; indeed in view of the silliness of the majority of mankind, a widespread belief is more likely to be foolish than sensible.” – Bertrand Russel
***
DAY by day, all around the globe, Global Warming Climate Change is being exposed as simply a moral issue for the wealthy urban elite.
BLUE collar workers and the silent majority are not buying into the relentless fear-mongering and warming hysteria driven by climate theory-obsessed politicians, propped up by a compliant mainstream media.
THE
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19 May 2019
by Jim Rose
in applied price theory
Why Evolution Is True
I’ve just seen the new movie “Spotlight,” about the Boston Globe‘s coverage of the Catholic child-rape scandal in their city, and how their stories shed light on not only pervasive priestly pedophilia, but its coverup by the Church hierarchy. Their reporting eventually not only led to the criminal conviction of several priests, but brought down Cardinal Law, the Archbishop of Boston (after resigning he was, as “punishment”, given a cushy sinecure in the Vatican). It also won the paper a well deserved Pulitzer Prize.
I’ve posted about this movie twice before, once with a preliminary and positive review by a reader, and another in which I discuss Frank Bruni’s high praise for the film in the New York Times and his criticism of the privileging of faith in America.
Although I haven’t watched a ton of movies this year, I have no qualms about recommending “Spotlight’ as one…
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19 May 2019
by Jim Rose
in applied price theory, comparative institutional analysis, development economics, discrimination, economic history, economics of education, economics of regulation, entrepreneurship, health economics, human capital, income redistribution, labour economics, labour supply, law and economics, minimum wage, occupational choice, poverty and inequality, Public Choice, Thomas Sowell
18 May 2019
by Jim Rose
in applied price theory
Doc's Books

(US troops waiting to leave southern England)
Next month will be the 75th anniversary of the allied landing in Normandy. As with most major historical commemorations people will flock to the beaches off the French coast. In addition, the anniversary has produced a plethora of new books to go with the classic works that have been written in the past, including; Cornelius Ryan’s THE LONGEST DAY, Max Hasting’s OVERLORD, John Keegan’s SIX ARMIES IN NORMANDY, Carlo D’Este’s DECISION IN NORMANDY, Anthony Beevor’s D DAY and Stephen Ambrose’s D DAY:JUNE 6TH 1944. New books published in the last two months include COUNTDOWN TO D DAY: THE GERMAN PERSPECTIVE by Peter Margaratis, NORMANDY ’44: D DAY AND THE EPIC 77 DAY BATTLE FOR FRANCE by James Holland, SAND AND STEEL: D DAY AND THE LIBERATION OF FRANCE by Peter Caddick-Adams, THE FIRST WAVE:THE D DAY WARRIORS WHO…
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18 May 2019
by Jim Rose
in applied price theory
Point of Order
A headline in the left-leaning The Standard – In praise of Judith Collins – caught us by surprise.
The author of The Standard’s post criticised ACT leader David Seymour for “being a dick” about Green MP Golriz Gharaman and for tweeting:
“Golriz Ghahraman is a real menace to freedom in this country.” spoke to about the dangers facing free speech in New Zealand and the political theatre of Jacinda Ardern’s Christchurch Call.”
Let’s check out what’s going on here and why – on this matter, at least – Collins is being praised by a left-wing blogger.
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18 May 2019
by Jim Rose
in applied price theory, budget deficits, business cycles, currency unions, economic growth, economic history, economics of bureaucracy, economics of information, economics of regulation, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economics, International law, law and economics, macroeconomics, monetary economics, property rights, Public Choice, public economics, rentseeking
Tags: moral hazard, sovereign debt crises, sovereign defaults, Thomas Sargent
18 May 2019
by Jim Rose
in applied price theory, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, currency unions, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, income redistribution, law and economics, macroeconomics, monetary economics, politics - USA, property rights, Public Choice, public economics, rentseeking
Tags: sovereign defaults, Thomas Sargent
18 May 2019
by Jim Rose
in applied price theory
NEP-LTV Blog
| By: | Acemoglu, Daron (MIT); Restrepo, Pascual (Boston University) |
| Abstract: | Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus on creating new tasks where labor can be productively employed. The consequences of this choice have been stagnating labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the “right” kind of AI with better economic and social outcomes. |
| Keywords: | automation, artificial intelligence, jobs, inequality, innovation, labor demand, productivity, tasks, technology, wages |
| JEL: | J23 J24 |
|
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp12292&r=ltv |
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17 May 2019
by Jim Rose
in applied price theory
Dark Tales
One of the United Kingdom’s longest-reigning monarchs, George III ruled as king for nearly 60 years, initially as both King of Great Britain and King of Ireland and later as King of the United Kingdom of Great Britain and Ireland after the unification of the new nations in 1801. His long reign was marked by some of the British Army’s greatest triumphs, culminating in the the defeat of Napoleon at the Battle of Waterloo in 1815. However, many also remember him as the king that lost America. Towards the end of his life, George III suffered bouts of severe mental illness that would ultimately become a permanent condition. While many readers are more likely to associate the term ‘the mad king’ with Game of Thrones, George III was known by the same moniker by both contemporaries and later researchers alike. While his mental health undoubtedly deteriorated severely towards the end…
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16 May 2019
by Jim Rose
in applied price theory
BBC Watch
Two months ago, on March 18th, BBC Radio 4’s ‘Today’ programme aired an item which included an interview presented by host Nick Robinson as follows:
Robinson: “The United Nations has said that over a year of weekly protests at the border with Gaza [sic] 193 Palestinians have been killed and more than 26 thousand injured. Among them is Dr Tarek Loubani, a Canadian Palestinian associate professor at the University of Western Ontario.”
Loubani: “I’d like to say that I was doing something heroic when I got shot but I wasn’t. I was standing. It was quiet, there was nothing else happening on the field. I was just loitering, talking to some of my colleagues. I was marked clearly in greens and had been on the field for a few hours so it was obvious to the soldiers, who were very close to us, exactly what we were doing. And I…
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16 May 2019
by Jim Rose
in applied price theory, development economics, discrimination, economic history, economics of crime, economics of education, economics of information, economics of regulation, entrepreneurship, gender, human capital, industrial organisation, labour economics, labour supply, law and economics, minimum wage, occupational choice, poverty and inequality, Public Choice, Thomas Sowell, unemployment
16 May 2019
by Jim Rose
in applied price theory, development economics, economics of bureaucracy, economics of crime, economics of regulation, entrepreneurship, environmental economics, growth disasters, growth miracles, health economics, industrial organisation, international economics, law and economics, property rights, Public Choice, public economics, urban economics
Tags: bribery and corruption, India
16 May 2019
by Jim Rose
in applied price theory, applied welfare economics, economic history, economics of education, entrepreneurship, human capital, income redistribution, industrial organisation, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics, survivor principle
Tags: top 1%
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