Celebrating humanity's flourishing through the spread of capitalism and the rule of law
12 Jan 2024 Leave a comment
I believe I mentioned this faux pas by the BBC earlier today, but here are the hard, cold facts. On Christmas Eve, BBC radio repeated, six times, a completely false report that Israeli troops had executed 137 Palestinian civilians and buried them in unmarked graves. This of course came from a notice by the ever-reliable…
The BBC apologizes for making false and defamatory claims about the IDF executing Palestinian civilians
11 Jan 2024 Leave a comment
in applied price theory, history of economic thought, income redistribution, labour economics, labour supply, Public Choice, public economics, welfare reform Tags: negative income tax, universal basic income
Philosopher Matt Zwolinski, co-author of Universal Basic Income: What Everyone Needs to Know, was a core member of the old Bleeding Heart Libertarians blog, which shut down in 2020. Now’s he’s singledly-handed revived the BHL brand on his new Bleeding Heart Libertarian substack. Matt recently published a critique of my response to Chris Freiman on…
Zwolinski on the UBI
08 Jan 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic growth, economic history, fiscal policy, inflation targeting, international economics, labour economics, macroeconomics, monetary economics, politics - New Zealand
06 Jan 2024 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, history of economic thought, liberalism, Marxist economics Tags: fall of the Berlin wall, The Great Enrichment
05 Jan 2024 Leave a comment
in applied price theory, economics of bureaucracy, politics - New Zealand, Public Choice, public economics
Matthew Hooton’s recommendation that Nicola Willis cut the cost of the Public Service by 25% (NZ Herald 22nd December) reminded me of a story. Years ago, the engineering community was getting fired up about new Japanese business and manufacturing efficiency methods, and “kaizen” (continuous improvement) and “just in time” were being bandied about. At the…
JOHN RAINE: Ministerial Spring Cleaning and the Parable of the Rowing Eight
05 Jan 2024 Leave a comment
in applied price theory, defence economics, development economics, economic history, growth disasters, history of economic thought, war and peace Tags: Africa
Catching up is about radically raising growth in the countries now at the bottom…This book sets out an [aid] agenda for the G8 that would be effective. (The Bottom Billion, pages 12 and 13) Sir Paul Collier, Commander of the British Empire (CBE) and Fellow of the British Academy (FBA) is a British development economist […]
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It by Paul Collier (2007)
04 Jan 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, environmental economics, global warming Tags: British politics, land supply, zoning
In the past five years, the number of applications to connect to the electricity grid — many of them for solar energy generation and storage — has increased tenfold, with waits of up to 15 years. The underinvestment is restricting the flow of cheap energy from Scottish wind farms to population centers in England and adding to […]
Why Britain’s economy is failing
01 Jan 2024 Leave a comment
in applied price theory, Austrian economics, behavioural economics, economic history, history of economic thought, human capital, industrial organisation, labour economics, labour supply, occupational choice Tags: capitalism and freedom, evolutionary psychology, The Great Enrichment
Tweet… is from my emeritus Nobel-laureate colleague Vernon Smith‘s splendid speech “Human Betterment Through Globalization,” delivered in September 2005 at the Irvington-on-Hudson then-headquarters of the Foundation for Economic Education: The challenge is that we all function simultaneously in two overlapping worlds of exchange. First, we live in a world of personal, social exchange based on…
Quotation of the Day…
31 Dec 2023 Leave a comment
in applied price theory, business cycles, economic growth, economic history, economics of regulation, entrepreneurship, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment
Robert Solow (1924-2023) died last week. As a starting point for understanding his life and his work on growth theory, the Nobel prize website, since he won the award in 1987, includes an overall description, a biographical essay, and his Nobel lecture. I can also strongly recommend an interview that Steven Levitt carried out with…
Solow on Market Advantages and Market Failures
29 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, defence economics, economic growth, economic history, economics of information, Euro crisis, fiscal policy, fisheries economics, global financial crisis (GFC), great recession, growth disasters, growth miracles, history of economic thought, human capital, inflation targeting, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics, unemployment
28 Dec 2023 Leave a comment
in applied price theory, business cycles, economic history, economics of bureaucracy, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Public Choice, rentseeking Tags: monetary policy
27 Dec 2023 Leave a comment
25 Dec 2023 Leave a comment
in applied price theory, development economics, econometerics, experimental economics, growth disasters, growth miracles, history of economic thought
David A. Price of the Richmond Fed carries out an interview titled “Angus Deaton: On deaths of despair, randomized controlled trials, and winning the Nobel Prize” (Econ Focus: Federal Reserve Bank of Richmond, Fourth Quarter 2023, pp. 18-22). Here are a few of Deaton’s comments that caught my eye: On his shift from “cosmopolitan prioritarianism” to…
Interview with Angus Deaton: Critiques of Cosmopolitan Prioritarianism and Randomized Control Trials
24 Dec 2023 Leave a comment
in applied price theory, economic growth, economic history, macroeconomics, public economics Tags: Ireland, taxation and entrepreneurship, taxation and investment
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a hard time figuring out what to do with all the money (as you might […]
Corporate Taxation, Ireland, and Jealousy
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
I didn’t have much time in Argentina, but I can pass along a few impressions about how Milei is doing, noting I hold these with “weak belief”: 1. He is pretty popular with the general population. He is also popular in B.A. in particular. People are fed up with what they have been experiencing. It […]
Argentina Milei reform impressions
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Reading between the lines, and underneath the hype.
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
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