Source: Price Waterhouse Coopers (2016) BILLIONAIRES INSIGHTS The changing faces of billionaires.
Creative destruction in billionaires
25 Apr 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: billionaires, entrepreneurial alertness, superstars
1000 Years Time-Lapse Map of Europe
25 Apr 2016 Leave a comment
in economic history, economics of media and culture Tags: Europe, maps
Freedom as a solution to poverty @Oxfam
24 Apr 2016 Leave a comment
in Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of media and culture, growth miracles Tags: Bill Easterly, The Great Escape, The pretence to knowledge
The share of women who have earned a college degree
23 Apr 2016 Leave a comment
in economic history, economics of education, economics of media and culture, gender, human capital, labour economics, labour supply, occupational choice Tags: gender gap, gender wage gap, reversing gender gap
Forget avoidance outrage: public’s real attitude to tax is revealed by their actions @JordNZ
21 Apr 2016 Leave a comment
in applied price theory, constitutional political economy, economic history, economics of media and culture, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: British economy, British politics, expressive voting, growth of government, rational irrationality, revealed preference, size of government, voter demographics
George Plunkitt of Tammany Hall on the difference between honest and dishonest political graft
21 Apr 2016 Leave a comment
in economic history, economics of bureaucracy, economics of crime, economics of media and culture, law and economics, politics - USA, Public Choice, rentseeking Tags: bribery and corruption
In the book Plunkitt of Tammany Hall William Riordan published many of George Washington Plunkitt’s thoughts about government and about big city machines. In the link below, you can find the passage that explains the difference between honest and dishonest graft.
Honest graft is using your connections and knowledge as a government official to enrich yourself. It is essentially what we would now call “insider trading.”
Honest graft is when a goverment official goes out (for example) and buys up land because he knows a city project will need that land and he will be able to make a lot of money by buying the land now while no one else knows that it is about to be bought by the city. He can buy it cheap and then sell it at a higher price to the city.
Dishonest graft consists of doing things like blackmailing people who are doing illegal or semi-illegal things. It can also consist of actually taking money directly from the city treasury.
It is more of what you would expect mobsters to do–things like forcing prostitutes to pay money to police in order to be allowed to work in a given area rather than being arrested.
Source: How does George Plunkitt define “honest/dishonest graft”? | eNotes.
How much of global low carbon energy is wind and solar?
21 Apr 2016 Leave a comment
in economic history, energy economics, environmental economics, resource economics Tags: geothermal power, hydroelectric power, nuclear power, renewable energy, solar power, wind power
Public Transportation Ridership: Three Steps Forward, Two Steps Back? | @transportblog
19 Apr 2016 Leave a comment
in economic history, transport economics Tags: public transport
Recent data showing declining transit ridership is only the latest news to cast doubt on expectations of a public transit renaissance.
Thinking about The Great Leap Forward | Econbrowser
19 Apr 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic growth, economic history, growth disasters, industrial organisation, law and economics, Marxist economics, Public Choice, rentseeking Tags: China, economics of planning, extreme poverty, famine, Great Leap Forward
P.T. Bauer on @BernieSanders extending #fightfor15 to entire Third World!
19 Apr 2016 Leave a comment
in applied welfare economics, behavioural economics, constitutional political economy, development economics, economic history, growth disasters, growth miracles, P.T. Bauer, politics - USA, Public Choice Tags: 2016 presidential election, antiforeign buyers, George Orwell, living wage, rational irrationality, The fatal conceit, The pretense to knowledge
India tried that in the 1950s as part of its five-year plans. It did not work that well. Bauer said that in development economics there is a “need to restate the obvious.”
Source: Ending the Race to the Bottom – Bernie Sanders.
Source: Indian Economic Policy and Development – P. T. Bauer (1959) – Google Books
<p><img src="http://quotes.lifehack.org/media/quotes/quote-George-Orwell-we-have-now-sunk-to-a-depth-39424.png" /></p> <p>
Rare colour photograph of San Francisco after disastrous earthquake/fire, today 1906
18 Apr 2016 Leave a comment
in economic history, economics of natural disasters Tags: San Francisco earthquake
Rare color photograph of San Francisco after disastrous earthquake/fire which started today 1906: #Ives http://t.co/AEyZzRrjYC—
Michael Beschloss (@BeschlossDC) April 18, 2015
Is the direction of technological change mostly skill biased?
18 Apr 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: general purpose technologies, induced innovation, skill biased technological change
Source: Philippe Aghion and Peter Howitt THE ECONOMICS OF GROWTH.
Utopia, you are standing in it! 
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