Celebrating humanity's flourishing through the spread of capitalism and the rule of law
01 May 2025 Leave a comment
in constitutional political economy, politics, Public Choice Tags: Canada
Election of 2025 On 28 April 2025, we returned yet another minority parliament in the 45th federal general election. Elections Canada’s preliminary results show that this general election brought out the highest voterturnout since 1993, at 68.7% compared to 69.6% thirty-two years ago. The fervent proponents of proportional representation should take heart that the Bloc […]
More Arthur Meighen Than Brian Mulroney? Pierre Poilievre Might Soon Confront The Reform Act
03 Apr 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of education, economics of information, economics of media and culture, international economics, law and economics, liberalism, Marxist economics, politics, property rights, Public Choice Tags: Brexit, British politics, political psychology
Political battles historically have been framed as contests between left-wing and right-wing ideologies, with clear distinctions based on policy preferences and socio-economic class interests. However, contemporary political dynamics reveal a new axis of conflict: the division between the educated and the uneducated. This emerging distinction marks a significant departure from traditional political alignments, reshaping electoral […]
Uneducated vs educated
03 Apr 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, economic growth, economic history, law and economics, macroeconomics, politics - New Zealand, Public Choice Tags: constitutional law
In an excellent article in the Herald, Richard Prebble (or “Prebs” as we call him) argues the proposals presented by National-ACT for a…
Prebs is Right – a 4 Year Parliamentary Term is no panacea to NZ’s stagnation. The problem is neither the Nats nor Labour have had a plan since 1993.
02 Apr 2025 Leave a comment
in constitutional political economy, economic history, liberalism, Public Choice Tags: British constitutional law
In this guest post, originally published on the Victorian Commons website, Professor Simon Morgan of Leeds Beckett University, the principal investigator on the Letters of Richard Cobden Online resource, shows how Cobden’s letters can shed light on his role as a constituency MP. The publication in 2023 of the Letters of Richard Cobden Online, an open access database […]
Richard Cobden and his constituencies
31 Mar 2025 Leave a comment
in constitutional political economy, discrimination, politics - New Zealand Tags: Age of Enlightenment, constitutional law, free speech, political correctness, regressive left
Tauranga MP Sam Uffindell has a simple proposed members’ bill to amend the Bill of Rights Act to have equal suffrage extend to local government. Equal suffrage is a fundamental human right. The Universal Declaration of Human Rights says: The will of the people shall be the basis of the authority of government; this will […]
Equality of suffrage seen as bad by Radio NZ
14 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, entrepreneurship, history of economic thought, income redistribution, industrial organisation, labour economics, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, rentseeking Tags: The Great Enrichment
Long ago, I co-blogged for EconLog with Arnold Kling. Now he’s running a book club for Liberty Fund. Last month, Arnold invited me and philosopher Rachel Ferguson to discuss Mike Huemer’s new Progressive Myths. Enjoy!
*Progressive Myths*: The Kling Club Convo
14 Mar 2025 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, economics of information, entrepreneurship, history of economic thought, industrial organisation, law and economics, property rights Tags: economics of planning
An excellent EconTalk episode with Pete Boettke on the socialist calculation debate. I like Boettke on the three Ps. The three Ps–property, prices, and profits and loss. Property incentivizes us. Prices guide us. Profits lure us to new changes and losses discipline us. Today, “incentives matter” is often considered the first lesson of economics. But […]
Boettke on the Socialist Calculation Debate
09 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, entrepreneurship, health economics, history of economic thought, Public Choice, public economics, rentseeking
I have a new working paper out. It proposes a price theory-based explanation of why states nationalize the production of “public goods” (i.e., non-excludable and non-rivalrous). This is different than existing explanations as the theory ignores whether private provision is efficient or superior to public provision. I call it the “redistributive engine” theory whereby the […]
Working paper: Why nationalize the production of public goods?
06 Mar 2025 Leave a comment
in constitutional political economy, discrimination, economic history, economics of bureaucracy, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: Age of Enlightenment, constitutional law, free speech, political correctness, racial discrimination, regressive left
Hon Tama Potaka Minister of Maori Development 28 February 2025 Dear Minister, After careful consideration I must resign as a Member of the Waitangi Tribunal. The treaty is not just our founding document, it makes New Zealand unique. Two peoples peacefully agreeing to form a nation. Over the summer I have been reading Tribunal reports […]
RICHARD PREBBLE: Letter of resignation from the Waitangi Tribunal
08 Feb 2025 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, entrepreneurship, industrial organisation, international economics, politics - USA Tags: 2024 presidential election
To augment my four-part video series about trade (dealing with the WTO, creative destruction, deficits, and economics), here’s part of my recent lecture about Trump’s trade policy to the Universidad de Libertad in Mexico City For those who (mistakenly) want to skip the video, my speech focused on these five themes. Trade deficits don’t matter. […]
Trade 101 for Trumpies
16 Jan 2025 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economic growth, economic history, economics of regulation, energy economics, environmental economics, financial economics, fiscal policy, human capital, income redistribution, international economics, labour economics, labour supply, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, property rights, Public Choice, public economics, regulation, rentseeking
In this 12-second video, Margaret Thatcher is talking about the Labour Party in the United Kingdom, but her warning has universal application. And when I say her warning has universal application, I’m not joking. Politicians generally can’t resist the temptation to buy votes. And I fear that this can and will happen at all levels […]
Margaret Thatcher, Michael Curley, and the 19th Theorem of Government
15 Jan 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, discrimination, economic history, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
The New Zealand Centre for Political Research dipped into the Parliamentary archives and retrieved Winston Peters’ speech on the first reading of New Zealand First’s “Principles of the Treaty of Waitangi – Deletion” Bill on 8 June 2005 Rt Hon WINSTON PETERS (Leader—NZ First) : I move, That the Principles of the Treaty […]
Winston Peters: “Principles of the Treaty of Waitangi – Deletion” Bill…
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
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?
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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