Celebrating humanity's flourishing through the spread of capitalism and the rule of law
25 Jun 2025 Leave a comment
in development economics, economics of bureaucracy, growth disasters, history of economic thought, liberalism, Marxist economics, Public Choice Tags: capitalism and freedom, capitalism and socialism, economics of central planning
I shared a very clever tweet back in 2018 that highlighted the huge gap between “almost capitalism” and “almost socialism.” That column was entitled the “World’s Best Tweet about Socialism and Capitalism.” And capitalism won the comparison (needless to say). Let’s do the same thing today, but we’ll replace socialism with communism. And our “Best […]
World’s Best Tweet about Communism and Capitalism
05 Jun 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, growth disasters, growth miracles, history of economic thought, macroeconomics Tags: anticapitalist mentality, capitalism and freedom
Tweet The post An American Enterprise Institute Discussion of “The Triumph of Economic Freedom” appeared first on Cafe Hayek.
An American Enterprise Institute Discussion of “The Triumph of Economic Freedom”
05 Jun 2025 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, industrial organisation, labour economics, labour supply, law and economics, property rights, Public Choice, survivor principle Tags: employment law, India
In our textbook, Modern Principles, Tyler and I contrast basic U.S. labor law, at-will employment—where employers may terminate workers for any reason not explicitly illegal (e.g., racial or sexual discrimination), without notice or severance—with Portugal’s “just cause” regime, which requires employers to prove a valid reason, give advance notice, pay severance, and endure extensive regulatory […]
No Exit, No Entry
03 Jun 2025 1 Comment
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth disasters, growth miracles Tags: carbon tax, India
India won’t bow to carbon taxes and it won’t join an unscientific climate war that sacrifices its future. The U.K. and EU would do well to listen, lest they find themselves on the losing end of an Asian-dominated trade battle over manufactured goods.
India Rejects Carbon Tax, Backs Fossil Fuels and Trade in Defiance of Green Policies
26 Apr 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, Marxist economics Tags: economics of central planning
Building on my four-part series (here, here, here, and here) explaining the case against socialism and my five-part series (here, here, here, here, and here) on socialism in the modern world, today’s column will look at the economic argument against that statist ideology. Practically speaking, this seems unnecessary. After all, we can simply look at […]
Socialism Is an Economic Cancer
29 Mar 2025 Leave a comment
in development economics, economic history, growth disasters Tags: Haiti
This was in 1994, right after the Aristide regime was restored by Clinton. I had traveled a good deal by that time, mostly in North America, Europe, and southeast Asia. But I had never been anywhere truly dangerous. It seemed impossible to visit such places. It is not that I did any serious risk calculation, […]
My first trip to Haiti
27 Mar 2025 Leave a comment
in applied price theory, development economics, economics of information, economics of regulation, growth disasters, health economics, industrial organisation, labour economics, law and economics, liberalism, Marxist economics, property rights, regulation Tags: Argentina
Cato has a good summary of Deregulation in Argentina: The end of Argentina’s extensive rent controls has resulted in a tripling of the supply of rental apartments in Buenos Aires and a 30 percent drop in price. The new open-skies policy and the permission for small airplane owners to provide transportation services within Argentina has […]
Argentina’s DOGE
25 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of education, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, international economic law, international economics, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, Public Choice, rentseeking, survivor principle Tags: India, preferential trade agreements
Chris Trotter writes – What does India want from New Zealand? Not our dairy products, that’s for sure, it’s got plenty of those. Indeed 45 percent of the Indian population are small-scale farmers, most of them running a few head of cattle – not to eat, you understand – but to milk. If it once […]
What does India want – and what is New Zealand willing to give?
20 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, growth miracles Tags: overseas aid
John Cochrane recommends the Economist article Aid cannot make poor countries rich. From 2004 to 2014, foreign aid increased by 75%, but it didn’t help: 2004, William Easterly: aid was just as likely to shrink the world’s poorest economies as to help them grow. 2005, World Bank: grants and loans did not move the needle…
The Grumpy Economist on Foreign aid: “send a person a fish every day, and he forgets how to fish.”
22 Feb 2025 Leave a comment
in development economics, economic history, growth disasters, health economics Tags: child mortality, infant mortality, The Great Escape
01 Feb 2025 Leave a comment
in defence economics, development economics, economic history, economics of crime, growth disasters, International law, law and economics, politics - USA, war and peace Tags: Congo, economics of colonialism
The early 1960s was a period of decolonization in Africa. European countries had come to the realization that the burden of empire no longer warranted the cost and commitment to maintain them, except in the case where it was suspected that the Soviet Union was building a communist base. One of the countries which was […]
THE LUMUMBA PLOT: THE SECRET HISTORY OF THE CIA AND A COLD WAR ASSASSINATION by Stuart A. Reid
31 Jan 2025 Leave a comment
in development economics, growth disasters, growth miracles, history of economic thought Tags: Africa
Economist: In the coming years Africa will become more important than at any time in the modern era. Over the next decade its share of the world’s population is expected to reach 21%, up from 13% in 2000, 9% in 1950 and 11% in 1800. As the rest of the world ages, Africa will become…
The capitalist revolution Africa needs
30 Jan 2025 Leave a comment
in comparative institutional analysis, development economics, discrimination, economic history, growth disasters, law and economics, politics - New Zealand, property rights Tags: affirmative action, Age of Enlightenment, constitutional law, free speech, political correctness, racial discrimination, regressive left
Presented Jan 30, 2025 Kia Ora. Morena. Tena Koutou, Tena Koutou, Tena Koutou Katoa. My name is Ananish Chaudhuri. I am Professor of Economics at the University of Auckland. My views are my own and not those of my employer. Thank you very much for giving me an opportunity to speak this morning.…
ANANISH CHAUDHURI: Oral submission on the Treaty Principles Bill
25 Jan 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, growth miracles, international economics Tags: India
In the comments to my post, India has Too Few Tourists, many people worried about the food, the touts and the poverty. Many of these comments are mistaken or apply only if you are traveling to India on the cheap as an adolescent backpacker (nothing wrong with that but I suspect the MR audience is […]
How to Visit India for Normies
12 Jan 2025 Leave a comment
in applied price theory, budget deficits, development economics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, international economics, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment
TweetGMU Econ alum Holly Jean Soto busts the myth of “greedflation.” Scott Lincicome identifies an interesting contrast between the facts and opinion about China. George Will decries the spinelessness of the modern U.S. Congress. A slice: The incoming president will be able, on a whim, to unilaterally discombobulate international commerce — and the domestic economy…
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