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The Treasury and productivity
10 May 2024 Leave a comment
in applied price theory, economic growth, economic history, human capital, labour economics, labour supply, macroeconomics, politics - New Zealand
Late last week The Treasury released a new 40 page report on “The productivity slowdown: implications for the Treasury’s forecasts and projections” (productivity forecasts and projections that is, rather than any possible fiscal implications – the latter will, I guess, be articulated in the Budget documents). In short, if (as it has) productivity growth has slowed down […]
The Treasury and productivity
The Rise and Decline and Rise Again of Mancur Olson
09 May 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, law and economics, property rights, Public Choice, public economics, rentseeking
Mancur Olson’s The Rise and Decline of Nations is one of my favorite books and a classic of public choice. Olson may well have won the Nobel prize had he not died young. He summarized his book in nine implications of which I will present four: 2. Stable societies with unchanged boundaries tend to accumulate […]
The Rise and Decline and Rise Again of Mancur Olson
The Disgusting Truth About Mao Zedong’s Personal Hygiene
08 May 2024 Leave a comment
in economic history, health economics, Marxist economics Tags: China
Dishonest Pimping for a Global Wealth-Tax Cartel
07 May 2024 Leave a comment
in applied price theory, economic growth, economic history, entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, macroeconomics, Marxist economics, politics - USA, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, wealth tax
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps to finance future growth. Wealth taxes would dramatically increase the tax bias against saving […]
Dishonest Pimping for a Global Wealth-Tax Cartel
2024 Annual GWPF Lecture – Judith Curry – Climate Uncertainty and Risk
04 May 2024 Leave a comment
in development economics, economic history, energy economics, environmental economics, global warming
Dr Judith Curry gives the 2024 Annual GWPF Lecture on the subject of ‘Climate Uncertainty and Risk’.
2024 Annual GWPF Lecture – Judith Curry – Climate Uncertainty and Risk
Some Economics of Tipping
01 May 2024 Leave a comment
in applied price theory, economic history, industrial organisation, labour economics, labour supply Tags: asymmetric information, moral hazard, tipping
Why leave a tip? You have already received whatever food or service you are going to receive. Maybe if you are a very regular customer, tipping could lead to better service in the future. But most people who leave tips do so even if they are stopping off at, say, a restaurant in a city…
Some Economics of Tipping
How we know that the sun changes the Climate. Part I: The past
01 May 2024 Leave a comment
in economic history, energy economics, environmental economics, global warming
by Javier Vinós Part I of a three part series. The Sun is a variable star and the amount of energy it emits varies from month to month, year to year, and century to century. One of the manifestations of these variations are sunspots, which are more common when the Sun is more active and…
How we know that the sun changes the Climate. Part I: The past
More Good Results from Argentina
28 Apr 2024 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, Public Choice, rentseeking, unemployment Tags: Argentina
The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show. Here’s a brief excerpt. As you can see, I’m worried that Milei faces enormous obstacles. Argentina […]
More Good Results from Argentina
Claim: Global Warming is Spreading Malaria and Dengue to Europe
27 Apr 2024 Leave a comment
in economic history, environmental economics, global warming, health economics Tags: climate alarmism
Famous British playwright William Shakespeare wrote about endemic Malaria in Britain in the 1500s. Malaria was the scourge of Scandinavia and Russia right up until the 20th century. But this has not stopped greens falsely claiming Malaria is a disease of warm climates.
Claim: Global Warming is Spreading Malaria and Dengue to Europe
Why Socialism Won’t Die
26 Apr 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, history of economic thought, income redistribution, industrial organisation, law and economics, liberalism, Marxist economics, property rights, Public Choice Tags: economics of socialism
“to employ a hundred people is… exploitation, but to command the same number [is] honorable.” That’s an actual book by the way, explaining that although communism has failed in the past across different nations, races and cultures, it might work in the future where machines can create anything we want. Think Star Trek’s replicator technology. […]
Why Socialism Won’t Die
Bjorge brings calm to climate conversation
24 Apr 2024 Leave a comment
in applied price theory, applied welfare economics, development economics, econometerics, economic history, energy economics, environmental economics, global warming
The War On Cars
24 Apr 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, energy economics, environmental economics, global warming, Public Choice, public economics, transport economics, urban economics Tags: electric cars
In a fit of self-loathing, the European Union has begun to destroy the economic engine that pays its bills. Some of this is well known, but some is not, and it will astonish you.
The War On Cars
Why the Global Free Market Will Save the World
23 Apr 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, energy economics, environmental economics, global warming, growth disasters, growth miracles, health economics, history of economic thought, income redistribution, labour economics, law and economics, liberalism, macroeconomics, Marxist economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking Tags: anticapitalist mentality, capitalism and freedom
What does Earth Day teach us about supply?
23 Apr 2024 Leave a comment
in applied price theory, economic history, energy economics, environmental economics
Around the time of the first Earth Day (1970), Environmentalists were making dire predictions (via Mark Perry): …world famines of unbelievable proportions. some 4 billion people, including 65 million Americans, would perish in the “Great Die-Off.” By the year 2000, … there won’t be any more crude oil. Lead, zinc, tin, gold, and silver would…
What does Earth Day teach us about supply?
Utopia, you are standing in it! 
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