TweetProf. Angus Deaton Princeton University Prof. Deaton: Over the years I’ve learned much from your writings, and I regard your 2013 The Great Escape as one of the most important books published in the past 15 years. So I was quite surprised and disappointed to read that you, as you say, are now “much more…
An Open Letter to Nobel-laureate Economist Angus Deaton
An Open Letter to Nobel-laureate Economist Angus Deaton
13 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, income redistribution, international economics, labour economics, labour supply, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment Tags: creative destruction, free trade, tariffs
The RCT Agenda
12 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, economic history, economics of bureaucracy, economics of education, economics of information, economics of regulation, experimental economics, growth disasters, growth miracles, history of economic thought, human capital, labour economics, labour supply, law and economics, managerial economics, market efficiency, Marxist economics, occupational choice, organisational economics, property rights, Public Choice, public economics Tags: The fatal conceit
Randomized Controlled Trials: Could you be any more scientific? The book I’m now writing, Unbeatable: The Brutally Honest Case for Free Markets, insists that the randomistas of the economics profession actually have a thinly-veiled political agenda. Namely: To get economists to humbly serve the demagogues that rule the world instead of bluntly challenging their unabated…
The RCT Agenda
Not Bridgeable
10 Mar 2024 Leave a comment
in comparative institutional analysis, discrimination, economic history, economics of crime, economics of education, economics of love and marriage, gender, income redistribution, labour economics, law and economics, liberalism, Marxist economics, politics - USA, Public Choice Tags: 2024 presidential election, free speech, political correctness, regressive left
In the last few years, especially after I started writing for this blog, I got more than a few comments about the need for bi-partisanship, not hating out ideological, let alone political opponents. What was notable about this was that they all came from the Right of the political spectrum. The Left seem quite happy […]
Not Bridgeable
Environmentalism Perverted by Climatism
08 Mar 2024 1 Comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of climate change, economics of crime, energy economics, environmental economics, environmentalism, global warming, growth miracles, law and economics, liberalism, macroeconomics, Marxist economics, property rights Tags: climate alarmism, free speech, regressive left, The Great Enrichment
J. Scott Turner explains how the roots of environmental stewardship were poisoned, resulting in the perverted modern decarbonization movement. His Spectator Australia article is Environmentalism: from concern about clean air to throwing soup at the Mona Lisa. Excerpts in italics with my bolds and added images. H/T John Ray Garrett Hardin was a professor of biology […]
Environmentalism Perverted by Climatism
Even Lowerer Hutt
07 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, regulation, urban economics Tags: housing affordability, land supply, zoning
One annoying thing about writing a Saturday column for the Stuff papers is never knowing whether a piece will show up in print.I’d thought this one was a banger. I’ll be talking about related issues tomorrow night as part of a panel for A City for People. 🟨🟪 Our speaker line up has dropped! 🟪🟨Join us on…
Even Lowerer Hutt
What can be learned from Singaporean health care institutions?
06 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, growth miracles, health economics, industrial organisation Tags: health insurance, Singapore
Besides the usual, that is. Max Thilo of the UK has a new and excellent study on this, here is one excerpt from the foreword by Lord Warner: Second, and critical, the Singaporeans are not fixated on delivering services from acute hospitals – the most expensive part of any healthcare system because of its fixed […]
What can be learned from Singaporean health care institutions?
The Uncompetitive Urban Land Markets Theory of Everything
03 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, environmental economics, income redistribution, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
The Housing Theory of Everything has one of those wonderful self-explanatory titles. A good title matters. The recent and thorough essay explains how the anglosphere’s unnecessarily expensive housing affects, well, everything. Or at least almost everything.Zoning makes it too hard to build houses where people want to build. Urban containment policies block new subdivisions, so…
The Uncompetitive Urban Land Markets Theory of Everything
The Economics of Creative Destruction, Part II
29 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, industrial organisation, survivor principle Tags: creative destruction
I’ve referred to “creative destruction” as the “best and worst part of capitalism.” This short video from the Fraser Institute is a good tutorial on the topic. The core message is that entrepreneurs improve our lives by coming up with new ideas, new technologies, and new products. That’s the good news. The bad news is […]
The Economics of Creative Destruction, Part II
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
Tino Rangatiratanga and localism
20 Feb 2024 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economics of regulation, law and economics, property rights Tags: Canada
My piece for the Saturday papers weekend before last, and now ungated here, went back to a theme that Richard Harman had noticed in the Waitangi speeches. Minister Shane Jones argued fuller debate on the meaning of Tino Rangatiratanga is inevitable, saying, “There is a deep, committed view from Pita Tipene and others that article two…
Tino Rangatiratanga and localism
OLIVER HARTWICH: Absurd – NZ courts can now decide on climate change
17 Feb 2024 Leave a comment
in comparative institutional analysis, economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, liberalism, politics - New Zealand, property rights, Public Choice, public economics, rentseeking Tags: climate activists, rule of law
Oliver Hartwich writes – The World Justice Project ranks New Zealand 7th out of 142 countries on its ‘Rule of Law Index’, narrowly ahead of Australia’s 13th place. However, Australia still has hope – if only because of a recent decision by the Supreme Court of New Zealand. The case is easily told. Mike Smith, […]
OLIVER HARTWICH: Absurd – NZ courts can now decide on climate change
Congress and Courts enable Energy and Climate Fantasy and Tyranny
15 Feb 2024 Leave a comment
in comparative institutional analysis, economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice Tags: constitutional law
Supreme Court should end “Chevron deference” to restore checks, balances and reality
Congress and Courts enable Energy and Climate Fantasy and Tyranny
Jon Haidt goes after DEI
13 Feb 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of education, economics of media and culture, income redistribution, law and economics, liberalism, Marxist economics, politics - USA, Public Choice Tags: Age of Enlightenment, free speech, political correctness, regressive left
A lot of academics who haven’t previously gone after DEI (Diversity, Equity, and Inclusion) initiatives are coming out of the woodwork to criticize the philosophy and actions of DEI. New critics include Steve Pinker, who, in his Boston Globe article on how to fix the problems of Harvard, included “Disempowering DEI” as one of the […]
Jon Haidt goes after DEI
BRIAN EASTON: Te Tiriti as a social contract
12 Feb 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: Age of Enlightenment, constitutional law, regressive left
Interpreting the agreement made at Waitangi as a social contract is a way to move forward on treaty issues (This column follows ‘Our Understandings Of Te Tiriti Has Evolved Organically’.) Brian Easton writes – Te Tiriti is in the form of a social contract of the sort that political theorists have discussed since the seventeenth […]
BRIAN EASTON: Te Tiriti as a social contract
Utopia, you are standing in it! 
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