#Africa is turning democratic
01 Nov 2015 Leave a comment
in constitutional political economy, development economics, economic history, growth disasters, growth miracles, liberalism, Public Choice Tags: Africa, capitalism and freedom
Chinese and Hong Kong fertility since the one child policy was adopted
01 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, Marxist economics, population economics Tags: China, economics of fertility, Hong Kong, one child policy, The fatal conceit, The pretense to knowledge
The world’s most polluted cities
01 Nov 2015 Leave a comment
in development economics, environmental economics, growth miracles, urban economics Tags: air pollution, indoor pollution
https://twitter.com/wef/status/655654641145876483/photo/1
Live map shows the air-pollution level in hundreds of cities around the world buff.ly/1LyAECb http://t.co/Y89ESUhmWI—
Business Insider (@businessinsider) October 18, 2015
Chinese and Indian real GDP PPP since 1980
31 Oct 2015 Leave a comment
in development economics, economic history, growth miracles Tags: China, extreme poverty, India
Despite coming out of the blocks together, the Chinese economic miracle led to far larger increase in its respective real GDP PPP. Indian GDP only increased eightfold while Chinese GDP increased 18 fold since 1980 on a purchasing power parity basis.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
@oxfamnz The Great Escape from starving Africa
29 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles
@oxfamgb @GreenpeaceUSA Cooking is now one of the biggest causes for outdoor air pollution
28 Oct 2015 Leave a comment
in applied welfare economics, development economics, energy economics, environmental economics, growth disasters, growth miracles Tags: air pollution, energy poverty, indoor air pollution
P.T. Bauer agrees with George Stigler on the demand and supply for economic advice
27 Oct 2015 Leave a comment
in development economics, George Stigler, P.T. Bauer Tags: consultants
Source: Quotation of the Day…
A rising majority of university students around the world are women
26 Oct 2015 Leave a comment
in development economics, discrimination, economic history, economics of education, gender, growth disasters, growth miracles, human capital, labour economics Tags: College premium, compensating differentials, education premium, graduate premium, marriage and divorce, reversing gender gap
A rising majority of university students around the world are women (HT @cblatts) http://t.co/6loTmSgrk9—
William Easterly (@bill_easterly) June 15, 2015
The Great Escape and #vegetarianism
25 Oct 2015 Leave a comment
in development economics, economic history, environmental economics, growth miracles, health economics, Public Choice, rentseeking Tags: expressive politics, The Great Enrichment, The Great Escape, The Great Fact, vegetarianism
@NaomiAKlein agrees with #MiltonFriedman on Mancur Olson’s theory of how nations escape institutional sclerosis
25 Oct 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, income redistribution, Marxist economics, Milton Friedman, Public Choice, rentseeking, technological progress Tags: expressive voting, interest groups, Leftover Left, logic of collective action, Mancur Olson, Naomi Klein, pressure groups, rational ignorance, rational irrationality, rise and decline of nations, Twitter left
Source: quoted by Naomi Klein in “The Shock Doctrine”.
LA premiere tonight @NaomiAKlein @avilewis @mrdannyglover in person Q&A 7.30pm sundancecinemas.com http://t.co/wRkPFbnUHu—
Changes Everything (@thischanges) October 16, 2015
1. There will be no countries that attain symmetrical organization of all groups with a common interest and thereby attain optimal outcomes through comprehensive bargaining.
2. Stable societies with unchanged boundaries tend to accumulate more collusions and organizations for collective action over time.
3. Members of “small” groups have disproportionate organizational power for collective action, and this disproportion diminishes but does not disappear over time in stable societies.
4. On balance, special-interest organizations and collusions reduce efficiency and aggregate income in the societies in which they operate and make political life more divisive.
5. Encompassing organizations have some incentive to make the society in which they operate more prosperous, and an incentive to redistribute income to their members with as little excess burden as possible, and to cease such redistribution unless the amount redistributed is substantial in relation to the social cost of the redistribution.
6. Distributional coalitions make decisions more slowly than the individuals and firms of which they are comprised, tend to have crowded agendas and bargaining tables, and more often fix prices than quantities.
7. Distributional coalitions slow down a society’s capacity to adopt new technologies and to reallocate resources in response to changing conditions, and thereby to reduce the rate of economic growth.
8. Distributional coalitions, once big enough to succeed, are exclusive, and seek to limit the diversity of incomes and values of their membership.
9. The accumulation of distributional coalitions increases the complexity of regulation, the role of government, and the complexity of understandings, and changes the direction of social evolution.
Source: Obituary: Professor Mancur Olson | Obituaries | News | The Independent
@JamilAnderlini @ft @PickardJE British & Chinese real GDP PPP @urmyes1
25 Oct 2015 Leave a comment
in development economics, economic history, growth miracles
Stunning statistic from @JamilAnderlini @ft https://t.co/Uotf5kzwlQ—
Jim Pickard (@PickardJE) October 24, 2015
Looks like it’s been another big day for breathless journalism at the Financial Times.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Angus Deaton on slow growth as a force for distributional conflict
25 Oct 2015 Leave a comment
in applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, growth disasters, growth miracles, income redistribution, liberalism, Public Choice, rentseeking Tags: Angus Deaton, The Great Enrichment, The Great Escape, The Great Fact
RT @NaomiAKlein what’s changed since you left high school?
24 Oct 2015 Leave a comment
in development economics, economic history, growth miracles, Marxist economics Tags: Bill Easterly, Leftover Left, Naomi Klein, The Great Enrichment, The Great Escape, The Great Fact
.@worldbankdata allows us to see how our world has changed since 1985 #BackToTheFuture https://t.co/8t5DZDMFfz—
DFID Stats (@DFID_Stats) October 21, 2015
No matter how you measure it, the news on global poverty is great. From @EconBizFin http://t.co/qKM6suo4YO—
William Easterly (@bill_easterly) October 15, 2015
Special 5pm premiere screening in Los Angeles tonight Q&A with @avilewis & @NaomiAKlein sundancecinemas.com http://t.co/Oi4oeKoQHB—
Changes Everything (@thischanges) October 16, 2015
South Korean gender pay gap for the 10th, 50th and 90th percentile since 1985
24 Oct 2015 Leave a comment
in development economics, discrimination, economic history, economics of education, gender, growth miracles, human capital, labour economics, labour supply, occupational choice Tags: asymmetric marriage premium, compensating differentials, gender wage gap, marital division of labour, South Korea
Utopia, you are standing in it! 
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