Europe at a crossroad

The Constitution of Innovation The continent faces two options. By the middle of this century, it could follow the path of Argentina: its enormous prosperity a distant memory; its welfare states bankrupt and its pensions unpayable; its politics stuck between extremes that mortgage the future to save themselves in the present; and its brightest gone…

Europe at a crossroad

The Value-Added Tax: A Recipe for More Spending…and More Debt: Part II

The case against the value-added tax (VAT) is not complicated. Simply stated, this hidden type of national sales tax was a key precursor for the expansion of the European welfare state. As you can see in the chart, the burden of government spending in Europe  after World War II was similar to the size of […]

The Value-Added Tax: A Recipe for More Spending…and More Debt: Part II

The AI Revolution Will Bring Prosperity

The growth of industry disrupted old economic patterns but produced undreamed-of wealthBy Phil Gramm and Michael Solon. Excerpts:”From the colossal changes wrought by the Industrial Revolution to the Digital Revolution of the last quarter-century, improvements in technology have created an array of jobs that far exceeded—in quantity and quality—the ones eliminated, elevating standards of living.””the…

The AI Revolution Will Bring Prosperity

Don Brash’s Oxford Union speech

The House believes that the Sun should never have set on the British Empire Don Brash says – Mr/Madame President, I speak in opposition to the motion. But I also want to acknowledge at the outset that the British Empire did more good things for more people than any other empire in human history.

Don Brash’s Oxford Union speech

*Violent Saviors*

That is the new William Easterly book, and the subtitle is The West’s Conquest of the Rest.  I liked this book very much, but found the title and also book jacket and descriptions misleading.  I think of this work as a full-throated examination and study of the classical liberal anti-imperialist tradition.  We have been needing […]

*Violent Saviors*

How advanced was Māori civilisation?

David Farrar writes – Something I have been interested in is trying to get a better understanding of what life was like for Maori in New Zealand before Abel Tasman made contact in 1642. By then Maori had been in New Zealand for around 400 years. Some people dismiss Maori civilisation back then as Stone […]

How advanced was Māori civilisation?

Economists on the Trump Tariffs Supreme Court Case

It seems as if a few times every week, I see a headline about President Trump announcing a new tariff or repealing a tariff, sometimes involve many countries and sometime just a few. However, it is not at all clear that any president has a right to alter tariffs. This question was raised before Trump…

Economists on the Trump Tariffs Supreme Court Case

The Great Escape

The scramble for Africa

https://www.facebook.com/share/p/1BeizPZ5rt/

The Great Enrichment

https://www.facebook.com/share/p/17MN4pgG9h/

What does a Nobel Prize on ‘innovation-driven economic growth’ actually reward?

A historian’s perspective on how to deal with the Nobel frenzy I generally try to stay away from the Economics Nobel frenzy, if only because the hyper-personalization of scientific achievements it entails it at odds with how we historians understand credit dynamics in science. Economics research has become increasingly collective, drawing on expertise in theory, […]

What does a Nobel Prize on ‘innovation-driven economic growth’ actually reward?

The Costs and Benefits of British Colonialism

The British Empire, which at its height ruled over a quarter of the world’s population and landmass, remains one of the most consequential forces in global history. Its legacy is deeply contested: defenders emphasize the spread of law, education, and infrastructure, while critics highlight the violence, exploitation, and cultural destruction it entailed. A balanced assessment […]

The Costs and Benefits of British Colonialism

My excellent Conversation with George Selgin

Here is the audio, video, and transcript.  Here is part of the episode summary: Tyler and George discuss the surprising lack of fiscal and monetary stimulus in the New Deal, whether revaluing gold was really the best path to economic reflation, how much Glass-Steagall and other individual parts of the New Deal mattered, Keynes’ “very […]

My excellent Conversation with George Selgin

A Nobel for Innovation-Driven Economic Growth: Aghion, Howitt, and Mokyr

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded this morning for “for having explained innovation-driven economic growth.” The award was divided between Joel Mokyr ““for having identified the prerequisites for sustained growth through technological progress” to Philippe Aghion and Peter Howitt “for the theory of sustained growth through…

A Nobel for Innovation-Driven Economic Growth: Aghion, Howitt, and Mokyr

Germany’s Reckoning – Bulgarian Armistice I THE GREAT WAR Week 219

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