Samuelson on socialism
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
Power supply
07 Sep 2025 Leave a comment
in development economics, economic history, energy economics, growth miracles Tags: China
China Still Building Coal Power Plants
04 Sep 2025 Leave a comment
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth miracles Tags: China, coal power
By Paul Homewood China continues to burn more and more coal, according to dw.com: China burned more coal at power plants between January and July of 2025 than at any time since 2016, despite massive renewable capacity, according to new environmental research report. The report, published by the Center for Research on Energy and […]
China Still Building Coal Power Plants
Inside India’s endless trials
03 Sep 2025 1 Comment
in comparative institutional analysis, development economics, economic history, economics of crime, growth disasters, growth miracles, law and economics, property rights Tags: India
The FT’s Krishn Kaushik covers the courts in India: …in one recent example a Delhi court concluded a property dispute after 66 years. Both the original litigants were dead. Still, the lawyer for one of the warring parties cautioned that the conclusion was in fact not the end, as the ruling would be appealed. Three […]
Inside India’s endless trials
Exports
31 Aug 2025 Leave a comment
in development economics, economic history, growth miracles, international economics Tags: free trade
More On Alleged Chinese Dumping
24 Aug 2025 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetHere’s a second note to a commenter at my Facebook page. Mr. Schlomach: Commenting on my Facebook page, you allege that China ‘dumps’ goods in the U.S. and, in doing so, “has used our love of cheap stuff to suck our country of strategically critical technology/industry.” By suggesting that your fellow Americans buy stuff simply…
More On Alleged Chinese Dumping
A Great Enrichment
06 Aug 2025 Leave a comment
in development economics, economic history, growth disasters, growth miracles, transport economics, urban economics Tags: India
The Tragedy of India’s Government-Job Prep Towns
04 Aug 2025 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, labour economics, labour supply, occupational choice, Public Choice Tags: India
In Massive Rent-Seeking in India’s Government Job Examination System I argued that the high value of government jobs has distorted India’s entire labor market and educational system. India’s most educated young people—precisely those it needs in the workforce—are devoting years of their life cramming for government exams instead of working productively. These exams cultivate no […]
The Tragedy of India’s Government-Job Prep Towns
Expanding the Milei Miracle: Trade Liberalization
25 Jul 2025 Leave a comment
in development economics, growth disasters, growth miracles, international economics, liberalism, libertarianism Tags: Argentina, tariffs
Part I of this series celebrated Javier Milei’s amazing success, Part II pointed out that labor market liberalization is still a big challenge, while Part III noted that the tax system still needs to be fixed. This final video in the series explains the need for free trade. As noted in the video, Milei inherited […]
Expanding the Milei Miracle: Trade Liberalization
The Milei Miracle, Part II
23 Jul 2025 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, fiscal policy, growth disasters, growth miracles, law and economics, liberalism, libertarianism, macroeconomics, property rights Tags: Argentina
I almost feel sorry for the 108 leftist economists who predicted back in 2023 that Argentina would suffer if Javier Milei won the presidential election. Not only were they disappointed when he enjoyed a landslide victory, but the subsequent events in Argentina have shown that they were wildly wrong (all of which is discussed in […]
The Milei Miracle, Part II
#TheGreatEscape
11 Jul 2025 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: India, Pakistan
Another Open Letter to Howard Lutnick
04 Jul 2025 1 Comment
in applied price theory, development economics, growth miracles, international economic law, international economics, politics - USA Tags: tarrifs, Vietnam
TweetMr. Howard Lutnick Secretary, U.S. Department of Commerce Washington, DC Mr. Lutnick: Yesterday you tweeted this: Our trade deal with Vietnam is a massive win for America’s businesses, manufacturers, and farmers! For the FIRST TIME EVER, Vietnam will open its market to the United States. They will pay 20% to sell their products here, and…
Another Open Letter to Howard Lutnick
Massive Rent-Seeking in India’s Government Job Examination System
03 Jul 2025 1 Comment
in applied price theory, development economics, economics of bureaucracy, economics of education, growth disasters, growth miracles, labour economics, occupational choice, personnel economics, Public Choice Tags: India
In India, government jobs pay far more than equivalent jobs in the private sector–so much so that the entire labor market and educational system have become grossly distorted by rent seeking to obtain these jobs. Teachers in the public sector, for example, are paid at least five times more than in the private sector. It’s […]
Massive Rent-Seeking in India’s Government Job Examination System
An American Enterprise Institute Discussion of “The Triumph of Economic Freedom”
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”
No Exit, No Entry
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
Utopia, you are standing in it! 
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