Celebrating humanity's flourishing through the spread of capitalism and the rule of law
20 Jan 2026 Leave a comment
in applied price theory, development economics, economic growth, economic history, growth miracles, income redistribution, labour economics, liberalism, macroeconomics, Marxist economics, poverty and inequality, Public Choice, technological progress Tags: regressive left, The Great Enrichment
As I wrote nine years ago, Oxfam is a pathetic organization. Originally created to help the poor, it has been captured by activists who peddle class warfare. But they play that role in an incredibly sloppy fashion. In all the debates I’ve been part of over the years, no left-leaning academic has been willing to […]
Part II: Oxfam Is a Leftist Joke, not a Real Charity
06 Jan 2026 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, entrepreneurship, growth disasters, growth miracles, industrial organisation, labour economics, law and economics, politics - USA, property rights, Public Choice
Our colleague Thomas Stratmann writes about the political economy of Indian reservations in his excellent Substack Rules and Results. Across 123 tribal nations in the lower 48 states, median household income for Native American residents ranges from roughly $20,000 to over $130,000—a sixfold difference. Some reservations have household incomes comparable to middle-class America. Others face persistent…
Why Some US Indian Reservations Prosper While Others Struggle
25 Dec 2025 Leave a comment
in development economics, growth disasters, growth miracles Tags: India
Another excellent post from Samir Varma, this time on the 1991 reforms in India that launched India’s second freedom movement: Three men you’ve probably never heard of—P.V. Narasimha Rao, Manmohan Singh, Montek Singh Ahluwalia—may be the three most important people of the late 20th century. Bold claim. Audacious, even. Let me defend it. Here are…
Three that Made a Revolution
27 Nov 2025 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: child mortality, life expectancies, The Great Escape
25 Nov 2025 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: The Great Enrichment
11 Nov 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, growth miracles, history of economic thought, international economics Tags: economics of colonialism 0
That is the new William Easterly book, and the subtitle is The West’s Conquest of the Rest. I liked this book very much, but found the title and also book jacket and descriptions misleading. I think of this work as a full-throated examination and study of the classical liberal anti-imperialist tradition. We have been needing […]
*Violent Saviors*
29 Oct 2025 Leave a comment
in budget deficits, development economics, economic growth, fiscal policy, growth disasters, growth miracles, liberalism, libertarianism, macroeconomics Tags: Argentina
In yesterday’s column, I celebrated the huge victory for Javier Milei and his libertarian LLA party in Argentina’s mid-term elections. Today, let’s contemplate the consequences. Starting with this video. The above video is from an interview yesterday with the great Ross Kaminsky of KOA in Denver. He wanted to know the big-picture meaning of Sunday’s […]
Implications of the (Second) Libertarian Landslide in Argentina
29 Oct 2025 Leave a comment
in development economics, growth disasters, growth miracles, liberalism, libertarianism Tags: Argentina
Passed along to me by the excellent Gonzalo Schwarz, I will not double indent: “Against all odds, Javier Milei achieved a major national victory, surpassing the expectations of polls that had predicted a technical tie, and doing so in a context where markets were deeply pessimistic and heavily dollarized. Despite having most of the media […]
Agustín Etchebarne on Milei and the election
28 Oct 2025 Leave a comment
in development economics, growth miracles, liberalism, libertarianism Tags: Argentina
The good part about being a libertarian or classical liberal is that you are always morally and economically correct. The bad part is that very few elections ever produce unambiguously happy outcomes. Here’s my list: 1980 presidential election in the United States. 1994 and 2010 congressional elections in the United States.* 2016 vote for Brexit […]
Another Libertarian Landslide in Argentina
27 Oct 2025 Leave a comment
in budget deficits, development economics, economic growth, fiscal policy, growth disasters, growth miracles, macroeconomics, monetary economics Tags: Argentina
I explained two months ago that Argentina’s mid-term elections are critically important, and here’s some of what I said in an interview with Austin Peterson. I’ll be paying close attention to the results later today for three reasons. The mid-term elections will determine whether Milei has legislative support for the additional reforms that are desperately […]
The Out-Sized Importance of Today’s Mid-Term Elections in Argentina
20 Oct 2025 1 Comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles Tags: age of empires, economics of colonialism
The British Empire, which at its height ruled over a quarter of the world’s population and landmass, remains one of the most consequential forces in global history. Its legacy is deeply contested: defenders emphasize the spread of law, education, and infrastructure, while critics highlight the violence, exploitation, and cultural destruction it entailed. A balanced assessment […]
The Costs and Benefits of British Colonialism
13 Oct 2025 Leave a comment
in applied price theory, development economics, economics of religion, growth disasters, growth miracles Tags: The Great Enrichment
TweetHere’s a letter to a new correspondent. Mr. __: Thanks for sharing Sohrab Ahmari’s tweet, which I’d not otherwise have noticed. It is, frankly, pathetically inept. In order to criticize the pro-free-market Acton Institute, Ahmari favorably quotes Pope Leo’s assertion that “pseudo-scientific data are invoked to support the claim that a free market economy will…
Sorry, But Pope Leo Is Mistaken
02 Oct 2025 Leave a comment
in development economics, economic history, growth miracles, labour economics, labour supply, population economics Tags: ageing society, China, population bust
25 Sep 2025 Leave a comment
in applied price theory, development economics, economic history, growth disasters, growth miracles, history of economic thought, Marxist economics Tags: East Germany, economics of central planning, West Germany
07 Sep 2025 Leave a comment
in development economics, economic history, energy economics, growth miracles Tags: China
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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