SHOWDOWN: Willie Jackson vs David Seymour on the Treaty Principles Bill
11 Sep 2024 Leave a comment
in comparative institutional analysis, economic history, law and economics, liberalism, politics - New Zealand, property rights, Public Choice Tags: constitutional law, political correctness, racial discrimination, regressive left
Uber messy
11 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, entrepreneurship, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - New Zealand, property rights, Public Choice, transport economics, urban economics Tags: employment law, Uber
Caught a fun phone call from an accountant after this week’s column over at the Dom Post (and Christchurch Press, etc) on the court’s decision in the Uber case.If Uber drivers are employees, rather than contractors, as the Court sees things, how will depreciation on their cars be handled? Contractors can count all those expenses…
Uber messy
Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela
06 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, international economics, labour economics, law and economics, liberalism, Marxist economics, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle Tags: Argentina, Chile, Poland, regressive left, Venezuela
About 10 days ago, i showed that Milton Friedman was a much better economist than Joseph Stiglitz by comparing Chile (which followed Friedman’s ideas) and Venezuela (which followed Stiglitz’s ideas). It was a slam-dunk win for Friedman. Chile started poor and has become relatively prosperous. The opposite happened in Venezuela, which started relatively prosperous and […]
Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela
Why the @NZGreens are beside the point
31 Aug 2024 Leave a comment
in applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, entrepreneurship, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, liberalism, macroeconomics, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, rentseeking, technological progress Tags: child poverty, family poverty, The Great Enrichment
European Policies = European Stagnation
31 Aug 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economic growth, economic history, economics of bureaucracy, entrepreneurship, human capital, income redistribution, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking, welfare reform Tags: Europe, social insurance
I’ve written many times about how Americans are much richer than Europeans. And I’ve also written many times that the U.S. economy has been growing faster (which shouldn’t happen according to convergence theory). There’s a simple reason for America’s superior performance. The U.S. is burdened by a medium-sized welfare state and a bad tax system […]
European Policies = European Stagnation
Guest Post: Criticising Cuba
23 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of crime, growth disasters, history of economic thought, law and economics, liberalism, Marxist economics, politics - New Zealand, Public Choice Tags: Cuba
A guest post by Lucy Rogers: Today (as of the time of writing) I saw Associate Professor Michael Mawson of the theology faculty at Auckland University advertise on Facebook an event hosting Professor Miguel De La Torre, a Cuban academic specialising in liberation theology. The event is to be held at the Maclaurin Chapel at […]
Guest Post: Criticising Cuba
The Intellectual Roots of YIMBYism
23 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of regulation, history of economic thought, politics - USA, urban economics Tags: housing affordability, zoning
At the Democratic National Convention former President Obama came out strongly in favor of housing deregulation saying “we need to build more homes and clear away some of the outdated laws and regulations that make it harder to build homes”. Robert Kwasny asks on X, “What are the intellectual roots of present-day YIMBYism?” Looking at […]
The Intellectual Roots of YIMBYism
How Chlöe Swarbrick struggled to accept the PM’s position on sovereignty
21 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
Bob Edlin writes – Historian and former Labour Government cabinet minister Michael Bassett, in an article posted here earlier today, said those who spend time on the web examining the Treaty of Waitangi will find claims there are four or even five articles when officially there have never been more than three. Bassett went on […]
How Chlöe Swarbrick struggled to accept the PM’s position on sovereignty
Kamala Harris, Price Controls, and the Contest for the Dumbest Policy Proposal of 2024
17 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, energy economics, health economics, history of economic thought, income redistribution, industrial organisation, international economics, liberalism, Marxist economics, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, price controls, tariffs
As a Senator, Kamala Harris embraced all sorts of terrible ideas, such as the Green New Deal and Medicare for All. But she’s now disavowed those proposals in an attempt to make herself seem more reasonable. Trump, by contrast, is consistent. For better or worse, he’s pushing in 2024 the same agenda that he ran […]
Kamala Harris, Price Controls, and the Contest for the Dumbest Policy Proposal of 2024
Should the government operate petrol stations?
17 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, law and economics, politics - Australia, politics - New Zealand, privatisation, property rights
The extent to which the government should be involved in the provision of goods and services generates a lot of debate. Most of that debate is unhelpful, since it involves small-government, market-fundamentalist types arguing against anti-market socialist types. It’s all ideological, and there’s a pretty good chance that neither of the sides in that argument…
Should the government operate petrol stations?
The (Non) Mystery of Economic Growth
13 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, law and economics, macroeconomics, property rights, Public Choice, rentseeking Tags: The Great Enrichment
The recipe for economic growth is not complicated. You can put it in very simple terms, as Adam Smith did a few hundred years ago. Or you can develop and utilize data-heavy indexes like the ones published by the Fraser Institute and Heritage Foundation. In either case, the result will be the same. If you […]
The (Non) Mystery of Economic Growth
Don’t Invest in a Light-Rail Boondoggle
12 Aug 2024 Leave a comment
in comparative institutional analysis, politics - USA, Public Choice, transport economics, urban economics
Last week, I observed that “Transit’s failure to recover from the pandemic is due largely to its downtown-centric orientation in most urban areas.” An op-ed in yesterday’s Baltimore Sun makes a similar point about the planned Red Line light-rail project for that city. “The problem with Baltimore transit is not … Continue reading →
Don’t Invest in a Light-Rail Boondoggle
Jurisdiction Stripping or Court Killing? The “No Kings Act” is a Decapitation of the Constitution
08 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of crime, law and economics, politics - USA, property rights Tags: constitutional law
Senate Majority Leader Chuck Schumer (D., N.Y.) has introduced the “No Kings Act” with great fanfare and the support of most of his Democratic colleagues. Liberal groups have heralded the measure to legislatively reverse the ruling in Trump v. United States. It is obviously popular with the press and pundits. It is also entirely unconstitutional in […]
Jurisdiction Stripping or Court Killing? The “No Kings Act” is a Decapitation of the Constitution
Roots of Climate Change Distortions
08 Aug 2024 Leave a comment
in comparative institutional analysis, economics of bureaucracy, economics of education, economics of information, economics of media and culture, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand, politics - USA, population economics, Public Choice Tags: climate alarmism
Roger Pielke Jr. explains at his blog Why Climate Misinformation Persists. Excerpts in italics with my bolds and added images. H/T John Ray Noble Lies, Conventional Wisdom, and Luxury Beliefs In 2001, I participated in a roundtable discussion hosted at the headquarters of the National Academy of Sciences (NAS) with a group of U.S. Senators, […]
Roots of Climate Change Distortions
Fast Takes on *Build, Baby, Build*: David Schleicher
07 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply
I met Yale Law’s David Schleicher when he was still a law professor at GMU. Back then, we argued about the best model of non-rigged one-party democracy, often seen in major cities… and Singapore. Since then, David’s become a powerful academic voice for YIMBY. Last month, David joined me for another Fast Take on Build,…
Fast Takes on *Build, Baby, Build*: David Schleicher
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