Smoking
27 Apr 2025 Leave a comment
in economic history, health economics Tags: economics of smoking
Socialism Is an Economic Cancer
26 Apr 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, Marxist economics Tags: economics of central planning
Building on my four-part series (here, here, here, and here) explaining the case against socialism and my five-part series (here, here, here, here, and here) on socialism in the modern world, today’s column will look at the economic argument against that statist ideology. Practically speaking, this seems unnecessary. After all, we can simply look at […]
Socialism Is an Economic Cancer
Marriage is in decline
25 Apr 2025 Leave a comment
in economic history, economics of love and marriage, gender, labour economics, law and economics Tags: marriage and divorce
Interview with Robert Barro: Empirical Macroeconomics
24 Apr 2025 1 Comment
in budget deficits, business cycles, econometerics, economic history, fiscal policy, macroeconomics
Jon Hartley serves as interlocutor in “Revisiting Empirical Macroeconomics with Robert Barro” (Hoover Institution, Capitalism and Freedom Podcast, March 25, 2025, audio and transcript available). Here are a few of the comments from Barro that especially caught my eye. One basic question in economics is about “the multiplier”–that is, how much will an increase in…
Interview with Robert Barro: Empirical Macroeconomics
My debate with Dani Rodrik about tariffs and free trade
22 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, history of economic thought, industrial organisation, international economic law, international economics, labour economics, politics - USA, unemployment Tags: 2024 presidential election, free trade, tariffs
This occurred in Knoxville, you can watch it here. Lots of fun, and p.s. I am more of a free trader than he is. We did have some disagreements.
My debate with Dani Rodrik about tariffs and free trade
Ronald Reagan in 1982 on Free Trade
20 Apr 2025 Leave a comment
in applied price theory, economic history, history of economic thought, industrial organisation, international economic law, international economics, liberalism, libertarianism, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetWhen President Ronald Reagan delivered this address in November 1982, I was a 24-year-old graduate student. Radically libertarian at that point for almost six years, I was sufficiently astute enough to know that Reagan wasn’t terrible on most of the issues that I cared about, but I was nevertheless insufficiently mature and astute enough to…
Ronald Reagan in 1982 on Free Trade
Net zero has a long way to go
20 Apr 2025 Leave a comment
in economic history, economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: solar power, wind power
Victor Davis Hanson Should Stick to the Classics
18 Apr 2025 Leave a comment
in applied price theory, comparative institutional analysis, economic history, history of economic thought, industrial organisation, international economics, politics - USA Tags: 2024 presidential election, free trade, tarrifs
TweetHere’s a letter to The Daily Signal. Editor: Suppose I submitted to you an essay in which Thucydides is described as a first-century Roman senator who wrote a biography of Charlemagne – would you publish it? Of course not. The ignorance of such an essay would be palpable. But I would never write such a…
Victor Davis Hanson Should Stick to the Classics
For @AOC @SenSanders @Greens @NZGreens
16 Apr 2025 Leave a comment
in economic history, history of economic thought, liberalism, Marxist economics Tags: Berlin wall, East Germany, free speech, regressive left
Against cultural equivalence
15 Apr 2025 1 Comment
in economic history, history of economic thought, law and economics, liberalism, libertarianism, Marxist economics, property rights Tags: Age of Enlightenment, The Great Enrichment
The assertion that all cultures are equal has become a widely accepted axiom in contemporary discourse, shaped significantly by well-intentioned efforts to foster global tolerance and respect. However, it is not only possible but necessary to challenge this view. While cultural relativism emphasizes understanding and tolerance, it need not extend to cultural equivalence. Indeed, an […]
Against cultural equivalence
Catholics in the Commons after emancipation
13 Apr 2025 Leave a comment
in discrimination, economic history, economics of religion Tags: British constitutional law, British politics
Today (13 April) marks the anniversary of the Roman Catholic Relief Act gaining royal assent in 1829, which removed many of the barriers restricting Roman Catholics from sitting in Parliament. However, as Dr Philip Salmon of the Victorian Commons explores, hostility to Catholics continued despite their emancipation … It may seem surprising to some that […]
Catholics in the Commons after emancipation
The Year Without a Summer: A Climate Catastrophe and Its Global Impact
10 Apr 2025 Leave a comment
in economic history, economics of natural disasters
The “Year Without a Summer,” which occurred in 1816, stands as one of the most dramatic examples of short-term climate disruption in recorded history. This year was marked by unusual and extreme weather patterns that caused widespread crop failures, food shortages, and social unrest across the Northern Hemisphere. The phenomenon was primarily caused by the […]
The Year Without a Summer: A Climate Catastrophe and Its Global Impact
Book review: The Economists’ Hour
10 Apr 2025 Leave a comment
in applied price theory, economic history, history of economic thought, labour economics, macroeconomics
Once upon a time, economists were backroom advisers, crunching numbers and developing theories, but rarely in the limelight and certainly not the central actors in political decision-making. However, as Binyamin Appelbaum outlines in his 2019 book The Economists’ Hour, that all changed in the late 1960s. The title of the book references the period from…
Book review: The Economists’ Hour
THE TRIALS OF HARRY S. TRUMAN: THE EXTRAORDINARY PRESIDENCY OF AN ORDINARY MAN, 1945-1953 by Jeffrey Frank
09 Apr 2025 Leave a comment
in defence economics, economic history, politics - USA, war and peace Tags: Korean war, World War II
(President Franklin D. Roosevelt, Vice President elect Harry S. Truman, Vice President Henry Wallace) During my forty-four year teaching career on the secondary and university level I was often asked; “Who is your favorite President?” The answer came very easily, Harry S. Truman. My response was based on his personality, moral code, and his actions […]
THE TRIALS OF HARRY S. TRUMAN: THE EXTRAORDINARY PRESIDENCY OF AN ORDINARY MAN, 1945-1953 by Jeffrey Frank
Resource Management and Property Rights
08 Apr 2025 Leave a comment
in applied price theory, economic history, economics of regulation, entrepreneurship, environmental economics, industrial organisation, law and economics, politics - New Zealand, property rights Tags: housing affordability, land supply
Brian Easton writes – While there have been decades of complaints – from all sides – about the workings of the Resource Management Act (RMA), replacing is proving difficult. The Coalition Government is making another attempt. To help answer the question, I am going to use the economic lens of the Coase Theorem, set out […]
Resource Management and Property Rights
Utopia, you are standing in it! 
Recent Comments