From https://www.brookings.edu/wp-content/uploads/2012/09/2012b_Meyer.pdf
Top 1% drops the ball again alert: immiseration of the proletariat edition – consumption poverty drops to near zero in the US impossibility theorem
27 Jan 2018 Leave a comment
in applied welfare economics, economic history, poverty and inequality
Slippery @jamespeshaw admits he does not know the cost of #globalwarming. Had to go to ombudsman to get him to admit that. Maybe he should ask for those projections and considered ministerial advice on the same
25 Jan 2018 Leave a comment
in applied welfare economics, global warming, politics - New Zealand, Public Choice
Robert Mendelsohn on global warming
25 Jan 2018 Leave a comment
in applied price theory, applied welfare economics, environmental economics, global warming Tags: carbon tax
. @smalltorquer was Coase wrong in 1972? @EricCrampton
21 Jan 2018 Leave a comment
in applied welfare economics, comparative institutional analysis, history of economic thought, Public Choice
Ht Café Hayek.
Robert Mendelsohn, Cost-Benefit Analysis and The Social Cost of Carbon
19 Jan 2018 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics, global warming, industrial organisation Tags: carbon tax
The “Dutch Disease” – @DavidParkerMP to note on export growth fetish
18 Jan 2018 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, international economics, survivor principle Tags: industry policy
Left still claims some Americans & Canadians are poorer than poor Indians!? China has many more wretchedly poor than India!
25 Dec 2017 Leave a comment
in applied welfare economics, development economics, poverty and inequality
Source: The World Inequality Report 2018.
In the last 25 years, more than 750 million people came out of poverty in China. Truly an amazing achievement:… twitter.com/i/web/status/7…—
Alvaro SantosPereira (@santospereira_a) October 13, 2016
60 years of #poverty reduction in #India: A look at the data @voxeu wrld.bg/105GJ6 https://t.co/iI6I7RxGWR—
World Bank Poverty (@WBG_Poverty) April 06, 2016
There are no externalities from hosting the America’s Cup because externalities arise from incomplete property rights
23 Dec 2017 Leave a comment
in applied price theory, applied welfare economics, politics - New Zealand, rentseeking, sports economics
Externalities arise out of incomplete property rights. The only externalities that arise from an airport expansion proposed in Wellington is from noise.
There are no externalities from building sports stadiums or hosting mega sports events because all of the effects are transacted through the market. No inputs are used without the permission of the owner, nothing is produced that is not charged for by the venue or event organisers.
As for the use of benefit cost analysis to strengthen the claim for a government subsidy, you use cost benefit analysis when you are too stupid to charge for the good or service such as a road or you are evaluating regulations because they deal with nonmarket effects, effects that are not mediated through the market process.
Sports stadiums and mega sports events should pass the usual market test. Is it profitable for the entrepreneurs backing the project when they are using their own money.
David Friedman: Neglected Arguments in the Debate around Climate Change
21 Dec 2017 Leave a comment
in applied welfare economics, David Friedman, environmental economics, global warming Tags: climate alarmism
Poverty in America
21 Dec 2017 Leave a comment
in applied welfare economics, economic history, labour economics, poverty and inequality, welfare reform Tags: child poverty, family poverty
Why do progressives hate progress? | Steven Pinker
21 Dec 2017 Leave a comment
in applied welfare economics, development economics, economic history, environmental economics, health economics Tags: The Great Enrichment, The Great Escape
Utopia, you are standing in it! 
Recent Comments