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14 Apr 2017 Leave a comment
in applied price theory, economic history, industrial organisation, politics - USA, rentseeking, survivor principle, transport economics Tags: corporate welfare, picking winners
Houston we have a problem #OTD
13 Apr 2017 Leave a comment
in economic history Tags: moon landing, space

The Great Explorer – Ernest Shackleton
13 Apr 2017 Leave a comment
in economic history Tags: Age of exploration
From Socialist to Fascist – Benito Mussolini in World War 1
12 Apr 2017 Leave a comment
in defence economics, economic history Tags: fascism, World War I
The fall of extreme poverty and child mortality, 1976-2015
10 Apr 2017 Leave a comment
in development economics, economic history, growth miracles Tags: capitalism and freedom, child poverty, extreme poverty, The Great Escape, The Great Fact
Islamists are not the first to be told where to get off
09 Apr 2017 Leave a comment
in economic history, economics of religion, liberalism Tags: Age of Enlightenment, free speech, political correctness

The History of the Romans: Every Year
09 Apr 2017 Leave a comment
in economic history Tags: Roman empire
Top income shares falling since 1950s @FairnessNZ @CloserTogether
07 Apr 2017 Leave a comment
in economic history, politics - New Zealand, poverty and inequality Tags: superstar wages, superstars, top 1%
It has become an urban legend in New Zealand that inequality is getting worse and worse.
Brian Easton adjusted the top income share database for New Zealand for the introduction of dividend imputation. This encouraged companies to distribute more dividends.
Once this measurement error was corrected by Easton, there has been no increase in top income shares in New Zealand since the 1950s. It has been a slow taper at best or a flat line.
There is a wages boom from the early 1990s after 20 years of wage stagnation, a period which some people regard as the good old days.
The return of real wages growth, and strong employment growth to boot, came straight after the Ruth Richardson horror budget and the passage of the Employment Contracts Act.
Every ethnic group experienced strong income growth as well as the graphic below shows. The rich got richer and the poor got richer too.
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