Shanghai in 1990 vs 2010. http://t.co/a6JPeHzsBX—
History In Pictures (@HistoryInPics) July 20, 2015
Shanghai Sky
28 Jul 2015 1 Comment
in development economics, growth disasters, growth miracles, Marxist economics, Music Tags: capitalism and freedom, China, collapse of communism, Joe Jackson, Shanghai
62 years ago North and South Korea signed a truce
28 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, liberalism, Marxist economics, Public Choice, rentseeking Tags: collapse of communism, economics of central planning, failed states, North Korea, South Korea
https://twitter.com/TheEconomist/status/625658259861598209/photo/1
Truce is signed and the fighting ends in Korea on this day in 1953. nyti.ms/1D1Yswe http://t.co/O9a8iJgE99—
NYT Archives (@NYTArchives) July 27, 2015
Hong Kong and Venezuela compared
27 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: capitalism and freedom, Hong Kong, Latin American crony capitalism, Venezuela
Socialism works -Venezuela twice as rich as Hong Kong!
No, wait, that was in 1960. http://t.co/sqwVnMc19t—
Screwed by State (@ScrewedbyState) July 26, 2015
The Great Escape in South Korea
27 Jul 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: child mortality The Great Escape, infant mortality, South Korea
Child Mortality decreased incredibly fast in South Korea.
My History of Global Health: OurWorldInData.org/VisualHistoryO… http://t.co/dMl8YOOuuJ—
Max Roser (@MaxCRoser) July 20, 2015
The world poverty rate has been reduced by 80% since 1970
25 Jul 2015 Leave a comment
in development economics, growth disasters, growth miracles Tags: The Great Enrichment, The Great Escape, The Great Fact
@larry_kudlow @LarryKudlowShow @jason_trennert @MarkPMills The world poverty rate has been reduced by 80% since 1970 http://t.co/KfDG4HBi09—
Mark J. Perry (@Mark_J_Perry) May 30, 2015
Some of the kidnapped ODA activists have been freed and can speak out at last!
23 Jul 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, Marxist economics Tags: activists, anticapitalist mentality, antiforeign bias, antimarket bias, do gooders, expressive voting, Left-wing hypocrisy, Leftover Left, mass kidnappings, ODA, overseas aid, rational ignorance, rational irrationality, The Guardian
The role of the spread of capitalism and globalisation in massively reducing extreme poverty just gets a mention, begrudgingly, but it’s better than nothing From a newspaper of record of the Left over Left.
The impact of neoliberalism on labour market freedom in Argentina, Brazil, Chile and Venezuela
22 Jul 2015 Leave a comment
in development economics, economic history, economics of regulation, growth disasters, growth miracles, labour economics, labour supply, minimum wage, unions Tags: Argentina, Brazil, Chile, conspiracy theories, employment law, employment regulation, Index of Economic Freedom, Leftover Left, Mont Pelerin Society, neoliberalism, Twitter left, Venezuela
All was quiet on the neoliberalism front in Latin America for the last 20 years. In yet another defeat for the Mont Pelerin Society led transnational conspiracy, labour market freedom has declined in the four countries in figure 1. I’ve always had my doubts about the ability of a transnational conspiracy to be led by a society with such a crappy website.
Figure 1: Index of Economic Freedom, Argentina, Brazil, Chile and Venezuela, 95 – 2015
Source: Index of Economic Freedom 2015.
There are 620 million people in Africa without electricity
22 Jul 2015 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth disasters, growth miracles Tags: Africa, climate alarmists, energy poverty, extreme poverty, global poverty, global warming
There are 620 million people in Africa without electricity. Here's where they live. vox.com/2014/10/13/697… (via @iea) http://t.co/bhK5CVmtpZ—
Vox Maps (@VoxMaps) June 09, 2015
Capitalism and Pope Francis
22 Jul 2015 1 Comment
in development economics, economic history, economics of religion, growth disasters, growth miracles Tags: capitalism and freedom, East Asian Tigers, Latin American popularism, Pope Francis, The Great Escape, The Great Fact
https://twitter.com/Mark_J_Perry/status/620591953290375169/photo/1
Pope's plan to curtail use of fossil fuels will hurt the poor, see chart and @FurchtgottRoth tinyurl.com/oy5w5o3 http://t.co/YWEloL04MK—
Mark J. Perry (@Mark_J_Perry) June 21, 2015
The impact of neoliberalism on economic freedom in Argentina, Brazil, Chile and Venezuela since 1995
20 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, economics of regulation, growth disasters, growth miracles Tags: Argentina, Brazil, Chile, conspiracy theories, Index of Economic Freedom, Leftover Left, Mont Pelerin Society, neoliberalism, Twitter left, Venezuela
All was quiet on the neoliberalism front in Latin America for the last 20 years. In yet another defeat for the Mont Pelerin Society led transnational conspiracy, economic freedom has been pretty stable in Chile for 20 years and in the serious decline in Venezuela and Argentina – see figure 1. Not much happening in Brazil either on the neoliberalism front – see figure 1. I’ve always had my doubts about the ability of a transnational conspiracy to be led by a society with such a crappy website.
Figure 1: Index of Economic Freedom, Argentina, Brazil, Chile and Venezuela, 95 – 2015
Source: Index of Economic Freedom 2015.

Thomas Macaulay (1830) on the green movement
19 Jul 2015 Leave a comment
in development economics, economic history, economics of media and culture, environmental economics, environmentalism, growth disasters, growth miracles Tags: doomsday prophecies, doomsday prophets, Leftover Left, Thomas Macaulay
“…we see nothing but improvement behind us [yet] expect nothing but deterioration before us” buff.ly/1HscRBL http://t.co/cKILhkKWvr—
HumanProgress.org (@humanprogress) June 30, 2015
Millennium Development Goal 4: Reduce by two-thirds, between 1990 and 2015, the under-five mortality rate
17 Jul 2015 Leave a comment
in development economics, growth disasters, growth miracles, health economics Tags: capitalism and freedom, child mortality, child poverty, extreme poverty, infant mortality rates, life expectancies, millennium development goals, The Great Escape
Although there has been a dramatic decline in deaths, most children still die from causes that are readily preventable or curable with existing interventions. Pneumonia, diarrhea, and malaria are the leading causes, accounting for 30 percent under-five deaths
via MDG4: A dramatic decline in child mortality over the last 20 years | Open Data.
Latin American populism versus the East Asian Tigers
17 Jul 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: East Asian Tigers, Latin American populism
Growth paths of #LatAm & the Caribbean the South East Tigers: wrld.bg/NCtLt #RiseoftheSouth http://t.co/IFuUOWldox—
World Bank Pubs (@WBPubs) May 31, 2015
Recent Comments