Climate economics: Economic impacts of climate change
11 Mar 2017 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics, global warming Tags: climate alarmism
My favourite @FairnessNZ graphic
05 Mar 2017 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, economics of regulation, macroeconomics, politics - New Zealand Tags: alternative facts, Employment Contracts Act, labour market reform, neoliberalism, Rogernomics
Source: Low Wage Economy | New Zealand Council of Trade Unions – Te Kauae Kaimahi, with extra annotations by this blogger.
To paint pre-1984 New Zealand, pre-neoliberal New Zealand as a fairly egalitarian paradise, Max Rashbrooke is an example, is to ignore two thirds of the population and the inequalities they suffered:
“New Zealand up until the 1980s was fairly egalitarian, apart from Maori and women, our increasing income gap started in the late 1980s and early 1990s,” says Rashbrooke. “These young club members are the first generation to grow up in a New Zealand really starkly divided by income.”
Racism and patriarchy can sit comfortably with a fairly egalitarian society if you are to believe the vision of the Twitter Left as to their good old days.
John Quiggin refers to the period in Australia known as the Menzies Era as part of his golden age of the mixed economy. The Menzies Era was most of the 23 years of uninterrupted conservative party rule between 1949 and 1972. The actual Menzies Era was the period up to 1966 when Liberal Party Prime Minister Sir Robert Menzies retired
The Economics Of Seinfeld: What’s the right Gift to give; cash?”
26 Feb 2017 Leave a comment
in applied price theory, applied welfare economics, television Tags: Seinfeld, signaling
What’s the Right Minimum Wage?
25 Feb 2017 Leave a comment
in applied price theory, applied welfare economics, economics, labour economics, minimum wage Tags: offsetting behaviour, The fatal conceit, unintended consequences
Dead Wrong™ with Johan Norberg – Green Tariffs?
19 Feb 2017 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, environmental economics, global warming, international economics Tags: climate alarmism, green tariffs
Bryan Caplan on “The Economics of Immigration”
11 Feb 2017 Leave a comment
in applied price theory, applied welfare economics, economic history, human capital, labour economics, labour supply Tags: economics of immigration
What’s wrong with the American economy? John Cochrane
09 Feb 2017 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, labour economics, macroeconomics
The Coase Theorem
08 Feb 2017 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, history of economic thought, industrial organisation, law and economics, property rights, Ronald Coase Tags: Coase theorem
What Donald Trump doesn’t understand about trade
08 Feb 2017 1 Comment
in applied price theory, applied welfare economics, international economics Tags: 2016 presidential election, comparative advantage, free trade
Deirdre McCloskey summarises Rawls and Nozick on unequal incomes
02 Jan 2017 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, Gordon Tullock, growth miracles, history of economic thought, James Buchanan, James Buchanan, labour economics, law and economics, poverty and inequality, property rights, Public Choice, Rawls and Nozick Tags: creative destruction, Deirdre McCloskey, industrial revolution, John Rawls, Robert Nozick, The Great Enrichment, The Great Escape, The Great Fact, top 1%, veil of ignorance, veil of uncertainty
Source: Review of Michael J. Sandel’s What Money Can’t Buy: The Moral Limit of Markets by Deirdre McCloskey August 1, 2012. Shorter version published in the Claremont Review of Books XII(4), Fall 2012 via Deirdre McCloskey: editorials.
Utopia, you are standing in it! 
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