Celebrating humanity's flourishing through the spread of capitalism and the rule of law
13 Dec 2025 Leave a comment
in economic history, politics - USA
On December 2, 1845, U.S. President James K. Polk addressed Congress, advocating for the aggressive westward expansion of the United States—a philosophy widely known as “Manifest Destiny.” I first encountered the term in the 1970s when I heard it mentioned in Redbone’s song Wounded Knee. For years, however, I misheard the lyrics, thinking they sang […]
The Legacy of Manifest Destiny: America’s Ambitious—and Controversial—Dream
11 Dec 2025 Leave a comment
in applied price theory, econometerics, economic history, financial economics, politics - USA, Public Choice
Using transaction-level data on US congressional stock trades, we find that lawmakers who later ascend to leadership positions perform similarly to matched peers beforehand but outperform them by 47 percentage points annually after ascension. Leaders’ superior performance arises through two mechanisms. The political influence channel is reflected in higher returns when their party controls the…
Congressional leadership is corrupt
10 Dec 2025 Leave a comment
in applied price theory, econometerics, economic growth, economic history, fiscal policy, labour economics, macroeconomics, politics - New Zealand
In a post last week I included this chart of the latest annual OECD data on labour productivity, expressed in PPP terms. It was grim, in a familiar sort of way. New Zealand’s overall economic performance has long been poor (the halcyon days when New Zealand was in the top 3 in the world relegated […]
Productivity growth (or lack of it)
09 Dec 2025 Leave a comment
in budget deficits, economic growth, economic history, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: ageing society, Germany
A lot has happened if you look at the past 100 years of German economic policy. Hyperinflation leading to Hitler’s National Socialists taking power. An impressive free-market revival after World War II. A growing welfare state after the imposition of a value-added tax in the 1960s. Some semi-impressive spending restraint starting in the mid-1990s. Very […]
Germany’s Accelerating Fiscal and Economic Decline
07 Dec 2025 Leave a comment
in applied price theory, economic history, history of economic thought, labour economics, labour supply, poverty and inequality
A quarter century ago, economist Price Fishback published “Operations of ‘Unfettered’ Labor Markets: Exit and Voice in American Labor Markets at the Turn of the Century” 1,762 more words
Unfettered: Fishback 25 Years Later
05 Dec 2025 Leave a comment
in business cycles, econometerics, economic history, economics of bureaucracy, macroeconomics, monetary economics, politics - USA, Public Choice Tags: monetary policy
From a forthcoming paper by Thomas Drechsel: This paper combines new data and a narrative approach to identify variation in political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not necessarily reflect political…
Political pressure on the Fed
03 Dec 2025 Leave a comment
in budget deficits, economic growth, economic history, financial economics, fiscal policy, macroeconomics, population economics, public economics Tags: ageing society, Japan, population bust
I often get asked when the United States will suffer a Greek-style fiscal crisis. My answer is always “I don’t know,” though I freely admit we are heading in that direction. My lack of specificity isn’t merely because economists are lousy forecasters. I tell people it’s all about investor sentiment, and it’s hard to know […]
Japan’s Growing Burden of Government Means an Inevitable Fiscal Crisis
02 Dec 2025 Leave a comment
in defence economics, economic history, politics - USA, war and peace Tags: American Civil War
01 Dec 2025 Leave a comment
in defence economics, economic history, war and peace Tags: Japan, World War II
30 Nov 2025 Leave a comment
in defence economics, economic history, Marxist economics, war and peace Tags: Cold War, fall of communism
(Zbigniew Brzezinski in 1987. He had considerable influence in global affairs, both before and long after his official tour of duty in the White House.Credit) When I was a graduate student in the early 1970s I was enrolled in a 20th century diplomatic history course. The professor, a Holocaust survivor from Eastern Europe with a […]
ZBIG: THE LIFE OF ZBIGNIEW BRZEZINSKI, AMERICA’S GREAT POWER PROFIT by Edward Luce
29 Nov 2025 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, development economics, economic history, economics of information, entrepreneurship, F.A. Hayek, history of economic thought, industrial organisation, law and economics, Ludwig von Mises, market efficiency, property rights, survivor principle, Thomas Sowell
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
22 Nov 2025 Leave a comment
in applied price theory, economic history, history of economic thought, labour economics, labour supply
In my own family, the reverence that we have for the dishwasher (and other time-saving devices) is such that we have a cat named “Josephine” after the Josephine Cochrane–the inventor of the first commercially viable dishwasher. (Also named because, as a kitten, she liked to forage in the back of the dishwasher.) Erin Braid provides…
Dishwashers and the 24/7 Time Constraint
18 Nov 2025 Leave a comment
in econometerics, economic history Tags: housing affordability, The Great Enrichment
Wayne Jackson writes – The 50th anniversary of New Zealand’s Household Economic Survey (HES) provides a unique vantage point to assess how far households have come in terms of income, expenditure, and wealth accumulation. Comparing 1974 with 2024 reveals a story of rising prosperity, shifting household structures, and widening disparities. From dual‑income households to skyrocketing […]
50 years of economic progress – but are New Zealand households better off?
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
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