TweetIn the Spring of 2023 I had the honor of delivering, at the Richmond Fed, the annual Sandridge Lecture to the Virginia Association of Economists. The text of that lecture – the title of which is “The Role of the Economic Scholar in Highly Politicized Society” – is available here. And pasted below are two…
Economists Should Never Abandon Their Principles
Economists Should Never Abandon Their Principles
14 Jan 2025 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, economics of information, economics of regulation
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
10 Jan 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of regulation, financial economics, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetarism, monetary economics, political change, politics - USA, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina

It’s easy to mock economists. Consider the supposedly prestigious left-leaning academics who asserted in 2021 that Biden’s agenda was not inflationary. At the risk of understatement, they wound up with egg on their faces.* Today, we’re going to look at another example of leftist economists making fools of themselves. It involves Argentina, where President Javier […]
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
Austria 2024–2025: Will FPÖ form government or will there be an early election?
09 Jan 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, politics, Public Choice Tags: Austria, constitutional law
The President of Austria, Alexander Van der Bellen, has called upon Freedom Party (FPÖ) leader Herbert Kickl to attempt to form a government. This development comes after the incumbent Chancellor (PM) Karl Nehammer of the Austrian People’s Party (ÖVP) resigned upon failing to assemble a coalition. The ÖVP is the mainstream conservative party, whereas the […]
Austria 2024–2025: Will FPÖ form government or will there be an early election?
Justin Trudeau Had an Epiphany and Endorsed My Doctrine on Prorogation
07 Jan 2025 1 Comment
in comparative institutional analysis, constitutional political economy, economic history, law and economics, politics, Public Choice Tags: Canada, constitutional law

On the Twelfth Day of Christmas, the Prime Minister gave to me his second tactical prorogation and endorsed what I had written in 2011. Introduction At around 10:45 on the morning of 6 January 2025 – the Feast of Epiphany and the Day of the Three Kings – Prime Minister Justin Trudeau revealed that he […]
Justin Trudeau Had an Epiphany and Endorsed My Doctrine on Prorogation
JOHN MENDZELA: Submission on the Treaty Principles Bill
07 Jan 2025 1 Comment
in comparative institutional analysis, constitutional political economy, development economics, discrimination, economic history, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, Public Choice, rentseeking Tags: constitutional law, racial discrimination

4 January, 2025 Justice Committee Parliament of New Zealand Dear Committee Members, I wish to make a submission on the Principles of the Treaty of Waitangi Bill that you will be considering in the near future. As the map below demonstrates, I have independently consulted on governance and management in dozens of diverse nations. Many…
JOHN MENDZELA: Submission on the Treaty Principles Bill
Submission on the Principles of the Treaty of Waitangi Bill
07 Jan 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
By Dr Peter Winsley I support the Bill, despite its weaknesses. For expositional clarity, in my submission I use the term “te Tiriti” rather than “the Treaty.” This acknowledges that about 540 rangatira signed te Tiriti versus about 39 who signed the English language document.to a Context is important. Te Tiriti was an international treaty […]
Submission on the Principles of the Treaty of Waitangi Bill
Ruth Richardson on the Treaty Principles Bill
07 Jan 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, discrimination, economic history, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Ruth Richardson’s submission on the Treaty Principles Bill is excellent. I’ve copied it below.
Ruth Richardson on the Treaty Principles Bill
Some Links
03 Jan 2025 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, defence economics, economic history, economics of crime, economics of regulation, industrial organisation, international economics, International law, law and economics, politics - USA, war and peace
TweetArnold Kling ponders producers versus parasites. A slice: What I notice is that the elites on the Republican side tend to earn a living as producers. They make things that other people want or need. In contrast, elites on the Democratic side include many people one may think of as parasites. They depend on producers…
Some Links
Te Pati Maori promise retrospective legislation
02 Jan 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of regulation, industrial organisation, law and economics, politics - New Zealand, property rights Tags: constitutional law
Te Pati Maori have written to organisations saying that if they are part of a Labour-led Government, they will pass retrospective legislation to punish organisations for actions that were entirely legal. You wonder how much more they need to do, to have media hold them to the same account as any other political party. They […]
Te Pati Maori promise retrospective legislation
Argentina facts of the day
29 Dec 2024 Leave a comment
in budget deficits, comparative institutional analysis, development economics, economic growth, economics of bureaucracy, economics of regulation, F.A. Hayek, financial economics, fiscal policy, growth disasters, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights, Public Choice, rentseeking, unemployment Tags: Argentina
Argentina’s bonds have already rallied dramatically. One gauge of the nation’s hard-currency debt, the ICE BofA US Dollar Argentina Sovereign Index, has generated a total return of about 90% this year. Meanwhile, the S&P Merval Index has risen more than 160% this year through Monday, far outpacing stock benchmarks in developed, emerging and frontier markets […]
Argentina facts of the day
Treaty Principles Submissions – Hobsons Pledge Lend A Hand
24 Dec 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, law and economics, politics - New Zealand, property rights Tags: constitutional law
If you haven’t already done yours here is a helping hand from Hobsons Pledge so now you will have no excuse not to get to it. SUBMISSIONS CLOSE AT 11.59PM ON 7 JANUARY 2025!!!!! You can use the following as a guide – I am going to – but, use your own words and under […]
Treaty Principles Submissions – Hobsons Pledge Lend A Hand
My Submission On The Treaty Principles Bill
22 Dec 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights Tags: constitutional law
Sent in a few minutes ago. Principles of the Treaty of Waitangi Bill I thank you for the opportunity to make a Submission on this very important Treaty Principles Bill which I support very strongly for a number of reasons – not least of those being the undemocratic way the the Labour Government in the […]
My Submission On The Treaty Principles Bill
Call in the Bailiffs: How the NZ Government’s Green Investment Fund Turned Itself Into an Unpleasant Predatory Lender and Debt Collection Agency.
16 Dec 2024 1 Comment
in applied price theory, comparative institutional analysis, energy economics, entrepreneurship, environmental economics, law and economics, politics - New Zealand, property rights Tags: solar power
The just resigned Chair of the NZ Green Investment Fund (NZGIF) and Chancellor of Auckland University, Cecilia Tarrant, previously worked at Morgan Stanley Bank in New York, starting in 1997 and finishing in 2009. She’s a very nice person, a lawyer by training, and Structured Products expert, in particular on Mortgage Backed Securities. The collapse of…
Call in the Bailiffs: How the NZ Government’s Green Investment Fund Turned Itself Into an Unpleasant Predatory Lender and Debt Collection Agency.
Has an Anonymous Political Donor to Schools Sabotaged National, ACT & NZ First? Will Children be Educated Not to Vote for them, as of Next Week?
12 Dec 2024 Leave a comment
in comparative institutional analysis, economics of education, politics - New Zealand Tags: constitutional law
The State-owned Broadcaster has just announced, “Every high school in NZ is set to receive a copy of a new book about the Treaty of Waitangi following a surprise donation by an [anonymous] Auckland couple”. One News says the book, “Understanding Te Tiriti”, is “a guide to NZ’s founding document”. Except that’s not the book’s…
Has an Anonymous Political Donor to Schools Sabotaged National, ACT & NZ First? Will Children be Educated Not to Vote for them, as of Next Week?
The Nobel Prize lectures in economics
12 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economics of crime, economics of regulation, growth disasters, growth miracles, history of economic thought, law and economics, property rights, Public Choice
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