Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Jul 2024 Leave a comment
in development economics, economic history, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: China, economics of fertility
I’m in China this week, teaching about fiscal policy, convergence theory, and inequality at Northeastern University in Shenyang. So it’s a good opportunity to write about some pluses and minuses of Chinese economic policy. We’ll start this series by looking at demographics, which almost surely is the biggest long-run challenge for Chinese policymakers. How big […]
Chinese Economic Policy, Part I: The Demographic Challenge
16 Jul 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles Tags: China, wind power
The UK equivalent of China’s restrictions on renewable power generation would mean even larger constraint payments than the current £billions, and even bigger increases in costly transmission lines than already happening or planned. But that’s the implication of pushing ever harder for mythical net zero targets, resulting in greater fluctuations between excessive electricity and shortage […]
China’s renewable energy surge strains power grid – a warning to ‘net zero’ advocates
14 Jul 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles Tags: China, solar power, wind power
By Paul Homewood h/t Ian Magness Today’s misinformation from the Guardian: The amount of wind and solar power under construction in China is now nearly twice as much as the rest of the world combined, a report has found. Research published on Thursday by Global Energy Monitor (GEM), an NGO, […]
China Still Lagging Way Behind The UK On Renewable Energy
04 Jul 2024 Leave a comment
in applied price theory, development economics, economic growth, macroeconomics Tags: The Great Enrichment
26 Jun 2024 Leave a comment
in development economics, energy economics, environmental economics, environmentalism, global warming, growth disasters Tags: climate activists, cranks
Degrowth’s prophets offer little more than hand-waving in response to the most elementary questions about their prescription.
Wash Post Editorial Board Denounces ‘De-Growth Communism’ – ‘Ending Growth Won’t Save the Planet’
24 Jun 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming
Adoption of gas fuels did more to reduce air pollution over the last 60 years than any other energy source. Gas consumption will continue to rise for decades to come.
Climate Activists Are Wrong About Which Energy Source Reduces Air Pollution
20 Jun 2024 1 Comment
in development economics, energy economics, environmental economics, global warming Tags: climate activists, climate alarmism
From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h/t Ray Sanders It is hard to describe just how low the BBC has sunk. Climate change deniers have found a new champion in Kenyan farmer Jusper Machogu. On social media, he has become known as a flagbearer for fossil fuels in Africa, but […]
BBC Worried About Kenyan Farmer’s Climate Scepticism
19 Jun 2024 Leave a comment
in development economics, economic history, growth disasters Tags: South Africa
Perhaps “both” is the correct answer? The right-wing tendencies are easiest to explain. South Africa is obviously much wealthier than the rest of sub-Saharan Africa, and of course Westerners play a larger role in its history and also in its present. You can put different glosses on that, but a variety of those paths lead […]
Does visiting South Africa make you more right-wing or more left-wing?
14 Jun 2024 Leave a comment
in development economics, growth disasters, growth miracles, health economics Tags: India, water pollution
13 Jun 2024 Leave a comment
in applied price theory, development economics, economic growth, economic history, growth miracles, macroeconomics Tags: China, India
If you are someone from a high-income country, or even just a high-income city, and you travel to other places, you are familiar with finding that, at least sometimes, many items are considerably cheaper in the low-income country: food and meals, entertainment and even health care. As a result, $100 of buying power in the…
International Comparisons with a PPP Metric
10 Jun 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, macroeconomics Tags: constitutional law
Just as trend lines are important for fiscal policy, they are perhaps even more important when looking at economic performance. Even small difference in annual growth rates, for instance, can lead to big changes in prosperity within a couple of decades. And enormous changes over longer periods of time. All of which explains why I’m […]
Leftists Against Growth: Honest, but Wrong
10 Jun 2024 Leave a comment
in comparative institutional analysis, development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, growth miracles, income redistribution, law and economics, Public Choice, rentseeking Tags: economics of corruption, India
In India it’s common for politicians to have criminal cases against them. Why do voters vote for criminals? One compelling explanation provided by political scientist Milan Vaishnav is that voters often care less about their represntative’s ability to deliver broad-based development or draft good laws, and more about the effectiveness at helping them access limited […]
Haan, goonda hai, magar hamara goonda hai
06 Jun 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: Age of Discovery, age of empires, economics of colonialism
01 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, development economics, growth disasters, health economics Tags: The Great Escape
The author is Bjorn Lomborg, and the subtitle is The 12 most efficient solutions for the world’s poorest and our global SDG promises. I missed this book when it first came out last year. Here is what Lomborg presents as the twelve best global investments, in no particular order: Tuberculosis Maternal and newborn health Malaria […]
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