So Much for the one child policy
01 Dec 2024 Leave a comment
in development economics, economic history, economics of love and marriage, growth miracles, human capital, labour economics, labour supply, law and economics, population economics Tags: China
The Great Enrichment
30 Nov 2024 Leave a comment
in economic history, economics of media and culture Tags: creative destruction, The Great Enrichment
I like maps
28 Nov 2024 Leave a comment
in economic history, International law Tags: economics of borders, maps
1650
20 Nov 2024 Leave a comment
in economic history, International law Tags: economics of borders, maps
Setelinleikkaus: When Finns snipped their cash in half to curb inflation
18 Nov 2024 Leave a comment
in applied price theory, economic history, financial economics, law and economics, macroeconomics, monetarism, monetary economics, property rights Tags: Finland, monetary policy
On the last day of 1945, with World War II finally behind it, Finland’s government announced a new and very strange policy.All Finns were required to take out a pair of scissors and snip their banknotes in half. This was known in Finland as setelinleikkaus, or banknote cutting. Anyone who owned any of the three…
Setelinleikkaus: When Finns snipped their cash in half to curb inflation
1814
12 Nov 2024 Leave a comment
in economic history, economics of media and culture Tags: economics of borders, maps
THE WIDE WIDE SEA: IMPERIAL AMBITIONS, FIRST CONTACT AND THE FATEFUL FINAL VOYAGE OF CAPTAIN JAMES COOK by Hampton Sides
11 Nov 2024 Leave a comment
in economic history Tags: Age of Discovery
(Captain James Cook) One of the most important questions in evaluating the men that made up the Age of Exploration rests on their motivation. Were they driven by visions of wealth or conquest as most were or was it the desire to map the 18th century world for future generations? For the explorer, James Cook, […]
THE WIDE WIDE SEA: IMPERIAL AMBITIONS, FIRST CONTACT AND THE FATEFUL FINAL VOYAGE OF CAPTAIN JAMES COOK by Hampton Sides
Hedy Lamarr and ‘WiFi’ during WWII
10 Nov 2024 Leave a comment
in defence economics, economic history, entrepreneurship, movies, war and peace Tags: World War II
Hedy Lamarr, born Hedwig Eva Maria Kiesler in 1914 in Vienna, Austria, is best known for her work as a Hollywood actress during the Golden Age of cinema. However, her contributions to science and technology, particularly her co-invention of a technology that laid the groundwork for WiFi, Bluetooth, and GPS, have garnered increasing recognition. Lamarr’s […]
Hedy Lamarr and ‘WiFi’ during WWII
The Russian October Revolution 1917 I THE GREAT WAR Week 172
09 Nov 2024 Leave a comment
in defence economics, economic history, Marxist economics, war and peace Tags: Russian revolution, World War I
Quotation of the Day…
04 Nov 2024 Leave a comment
in economic history, economics of education, liberalism, Marxist economics Tags: Age of Enlightenment, economics of slavery, free speech, political correctness, regressive left
Tweet… is from page 390 of the 2016 second edition of Thomas Sowell’s excellent volume Wealth, Poverty and Politics (footnotes deleted; original emphases): People who seek to find blame, as distinct from causation, often also seek a localized source of evil to blame. Professor Paul Krugman, for example, refers to slavery as “America’s original sin.”…
Quotation of the Day…
Creative destruction
04 Nov 2024 Leave a comment
in economic growth, economic history, industrial organisation, macroeconomics, survivor principle Tags: creative destruction, The Great Enrichment
The National Childcare Program During World War II
02 Nov 2024 Leave a comment
in applied price theory, defence economics, discrimination, econometerics, economic history, gender, human capital, labour economics, labour supply, war and peace Tags: World War II
The United States has has a nationwide childcare program at one time in its history: a temporary program during World War II. Tim Sablik of the Federal Reserve Bank of Richmond tells the story and summarizes some economic research on the topic in “When Uncle Sam Watched Rosie’s Kids: To support women working on the…
The National Childcare Program During World War II
Biden-Harris policies and their consequences were no surprise to those paying attention
30 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, fiscal policy, global warming, health economics, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: 2024 presidential election, drug lags, taxation and entrepreneurship, taxation and investment
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from the noise. In this sense, the “ambitious” policy agenda of the Biden-Harris administration was expected to be a gift to the research community. Accepting this gift, since 2020 I have been making forecasts…
Biden-Harris policies and their consequences were no surprise to those paying attention
The Battle of La Malmaison – Breakthrough at Caporetto I THE GREAT WAR W…
26 Oct 2024 Leave a comment
in defence economics, economic history, war and peace Tags: World War I
The Puzzle of Japan’s Economy: When Productivity Gains Are Outside National Borders
26 Oct 2024 Leave a comment
in development economics, economic growth, economic history, growth miracles, labour economics, labour supply, macroeconomics, population economics Tags: economics of fertility, Japan
In total size, Japan’s economy is fourth-largest in the world, just behind Germany for third-largest. In per capita GDP, Japan is ahead of Spain and South Korea, although well behind Italy and France. With a life expectancy at birth of 84 years, ,Japan has one of the highest levels in the world. Clearly, Japan has…
The Puzzle of Japan’s Economy: When Productivity Gains Are Outside National Borders
Utopia, you are standing in it! 
Recent Comments