applied price theory | Utopia, you are standing in it! | Page 719

Murray Rothbard on the proper response to the Fatal Conceit

23 Dec 2014 Leave a comment

Image by Jim Rose

Saudi oil minister blames non-OPEC producers, speculators for oil price slide

22 Dec 2014 Leave a comment

by Jim Rose in applied price theory, energy economics Tags: cartels, Speculation

via Saudi oil minister blames non-OPEC producers, speculators for oil price slide | TODAYonline.

Ludwig von Mises on the economic calculation problem

22 Dec 2014 Leave a comment

by Jim Rose in applied price theory, Austrian economics, Ludwig von Mises Tags: economic calculation problem, Ludwig von Mises, market process, The meaning of competition

Brad de Long on the difference between the Left and Social Democrats

22 Dec 2014 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, constitutional political economy, economics of bureaucracy, Marxist economics, Public Choice Tags: Brad De Long, Leftover Left, Social Democrats

Deirdre McCloskey on the competition for rents

21 Dec 2014 Leave a comment

Image by Jim Rose

Some people don’t understand why organic farming isn’t more popular than it is

20 Dec 2014 Leave a comment

by Jim Rose in applied price theory, entrepreneurship, health economics, rentseeking Tags: organic farming, Quacks

Armen Alchian on the inconsistent treatment of the concept of cost in economic theory

17 Dec 2014 Leave a comment

Image by Jim Rose

Was Aaron Sorkin right? Hollywood discriminates? Sacrifices profit to indulge sexism?

17 Dec 2014 1 Comment

Image by Jim Rose

Thomas Sowell on the importance of opportunity cost in decision making

17 Dec 2014 Leave a comment

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong. - Thomas Sowell

Image by Jim Rose

Political Calculations: What Drives CEO Pay?

16 Dec 2014 Leave a comment

by Jim Rose in applied price theory, human capital, occupational choice Tags: CEO pay, superstars

Xavier Gabaix and Augustin Landier found back in 2008 that what a major company’s CEO earns is directly proportional to the size of the firm that they are responsible for running.

The chart below shows the correlation between firm size and CEO compensation for the top 500 public firms in 2010.

Executive Compensation vs Firm Size for Top 500 Firms, 2010

Executive compensation closely track the evolution of average firm value. During 2007 – 2009, firm value decreased by 17%, and CEO pay by 28%. During 2009-2011, firm value increased by 19% and CEO pay by 22%.

Executive Compensation and Firm Size for Top 500 Firms, 1992-2011

via Political Calculations: What Drives CEO Pay?.

Is it really too hard for people to bother to feed their kids? – Whale Oil Beef Hooked

13 Dec 2014 1 Comment

by Jim Rose in applied price theory, applied welfare economics, labour economics, liberalism, poverty and inequality Tags: causes of poverty, inequality and poverty, school breakfast programmes, The Great Fact

via Is it really too hard for people to bother to feed their kids? – Whale Oil Beef Hooked | Whaleoil Media.

An Economic Explanation for Putin’s Recklessness

12 Dec 2014 Leave a comment

The Putin Years Chart

via An Economic Explanation for Putin’s Recklessness and Can Sanctions Stop Putin? | Brookings Institution.

Image by Jim Rose

Richard Epstein on the relative simplicity of labour markets

12 Dec 2014 Leave a comment

Image by Jim Rose

Ronald Coase on monopoly as the default explanation for perplexing business practices

11 Dec 2014 Leave a comment

Image by Jim Rose

But money is so impersonal

10 Dec 2014 Leave a comment

Image by Jim Rose

Coordination Problem

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Libertarian Land

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Arin’s Substack

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

David Andolfatto

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Monetary Non-Neutrality

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Reason Magazine

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

Thoughts from the North

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

My Journey Through the Best Presidential Biographies

Reading the Best Biographies of All Time

A History of the Alt-Right

Econ Prof at George Mason University, Economic Historian, Québécois

Bassett, Brash & Hide

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Truth on the Market

Scholarly commentary on law, economics, and more

The Undercover Historian

Beatrice Cherrier's blog

Matua Kahurangi

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Temple of Sociology

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Velvet Glove, Iron Fist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Why Evolution Is True

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

A rural perspective with a blue tint by Ele Ludemann

DPF's Kiwiblog - Fomenting Happy Mischief since 2003

The Dangerous Economist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Watts Up With That?

The world's most viewed site on global warming and climate change

The Logical Place

Tim Harding's writings on rationality, informal logic and skepticism

A window into Doc Freiberger's library

The Risk-Monger

Let's examine hard decisions!

Commentary on monetary policy in the spirit of R. G. Hawtrey

Barrie Saunders

Thoughts on public policy and the media

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Politics and the economy

James Bowden's Blog

A blog (primarily) on Canadian and Commonwealth political history and institutions

Science Matters

Reading between the lines, and underneath the hype.

Economics, and such stuff as dreams are made on

A Venerable Puzzle

"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II

The Antiplanner

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

History of Sorts

WORLD WAR II, MUSIC, HISTORY, HOLOCAUST

Roger Pielke Jr.

Undisciplined scholar, recovering academic

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

Conversable Economist

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.”

The Victorian Commons

Researching the House of Commons, 1832-1868

Reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

Sex, Drugs and Economics

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

European Royal History

Exploring the Monarchs of Europe

Tallbloke's Talkshop

Cutting edge science you can dice with