A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
The Piketty-Saez-Zucman response to Auten and Splinter
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
Is Discrimination Still Causing The Gender Pay Gap With Claudia Goldin
13 Dec 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, human capital, labour economics, labour supply, minimum wage, occupational choice Tags: gender wage gap, sex discrimination
Goldin Nobel
13 Dec 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
Comparing EU-to-US Output Per Hour
01 Dec 2023 Leave a comment
in econometerics, economic growth, economic history, labour economics, labour supply, macroeconomics, occupational choice
The per capita GDP for the combined 27 countries of the European Union (EU-27) is about 72% of the US level. On the other side, the average worker in EU countries puts in far fewer hours on the job than do American workers. For example, OECD data says that the average US worker put in…
Comparing EU-to-US Output Per Hour
Prize lecture: David Card, Sveriges Riksbank Prize in Economic Sciences …
30 Nov 2023 Leave a comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply, minimum wage, unemployment
AASLE 2021 Bob Gregory Lecture – Claudia Goldin
23 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, discrimination, econometerics, economic history, economics of education, economics of information, gender, health and safety, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
Filling in the Gaps: Next Steps for the Fiscal Theory of the Price Level
15 Nov 2023 Leave a comment
in applied price theory, budget deficits, business cycles, econometerics, economic history, financial economics, fiscal policy, great depression, great recession, history of economic thought, inflation targeting, macroeconomics, monetarism, monetary economics Tags: monetary policy
Jennifer Burns on Milton Friedman 11/13/23
14 Nov 2023 Leave a comment
in applied price theory, Austrian economics, business cycles, comparative institutional analysis, econometerics, economic history, economics of education, economics of regulation, fiscal policy, great depression, history of economic thought, labour economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
This year ‘virtually certain’ to be warmest in 125,000 years, EU scientists say — ignoring contradictory evidence?
10 Nov 2023 Leave a comment
in econometerics, environmental economics, global warming
The ‘virtual’ in virtually certain is from a computer model result: ‘we combine our data with the IPCC’. Two things to bear in mind: satellite data only started in the 1970s, with other less accurate (due to shortage of data) records being kept from the 1880s onwards, and ‘the mid-Holocene … mean annual temperature reached […]
This year ‘virtually certain’ to be warmest in 125,000 years, EU scientists say — ignoring contradictory evidence?
Book Presentation with John Cochrane: “The Fiscal Theory of the Price Le…
09 Nov 2023 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics, public economics Tags: monetary policy
Self Imposed Energy Poverty Coming to Canada
08 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, econometerics, energy economics, environmental economics, global warming Tags: Canada
Jock Finlayson describes how climate change policies are depleting Canadians’ financial means in his article Millions of Canadians May Face ‘Energy Poverty’. Excerpts in italics with my bolds and added images. The term “energy poverty” is not yet part of day-to-day political debate in Canada, but that’s likely to change in the next few years. […]
Self Imposed Energy Poverty Coming to Canada
The Case Against Affordable Housing
06 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, econometerics, economic history, urban economics Tags: affordable housing
Affordable housing projects aren’t making housing more affordable. In fact, says a new study by an MIT economist, construction of new subsidized housing displaces new unsubsidized housing for little net gain in the housing supply. Specifically, the study found, ten new subsidized housing units resulted in eight fewer unsubsidized units. … Continue reading →
The Case Against Affordable Housing
More Evidence for Trump’s Corporate Tax Reform, Part I
03 Nov 2023 Leave a comment
in applied price theory, econometerics, economic growth, entrepreneurship, fiscal policy, macroeconomics, public economics Tags: taxation and investment
I’m very critical of bad policies we got during the Trump years, most notably profligacy and protectionism. But I shower praise on the good policies, such as the 2017 tax legislation (especially the lower corporate tax rate and the curtailing of the state and local tax deduction). Today, we’re going to focus on the positive. […]
More Evidence for Trump’s Corporate Tax Reform, Part I
Walter Block on Sexual Discrimination & the Pay Gap(Uncut)
02 Nov 2023 Leave a comment
in applied price theory, Austrian economics, discrimination, econometerics, economic history, economics of education, gender, health economics, history of economic thought, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
To what extent are temperature levels changing due to greenhouse gas emissions?
28 Oct 2023 Leave a comment
in econometerics, economic history, energy economics, environmental economics, global warming Tags: climate alarmism
By Paul Homewood A new Norwegian paper has found that the effects of man-made CO2 emissions are not strong enough to explain global warming in the last 200n years, implying that natural factors must play a large role: https://granitegrok.com/wp-content/uploads/2023/10/To-what-extent-are-temperature-levels-changing-due-to-greenhouse-gas-emissions.pdf
To what extent are temperature levels changing due to greenhouse gas emissions?
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