Celebrating humanity's flourishing through the spread of capitalism and the rule of law
06 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, international economics, labour economics, law and economics, liberalism, Marxist economics, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle Tags: Argentina, Chile, Poland, regressive left, Venezuela
About 10 days ago, i showed that Milton Friedman was a much better economist than Joseph Stiglitz by comparing Chile (which followed Friedman’s ideas) and Venezuela (which followed Stiglitz’s ideas). It was a slam-dunk win for Friedman. Chile started poor and has become relatively prosperous. The opposite happened in Venezuela, which started relatively prosperous and […]
Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela
05 Sep 2024 Leave a comment
in applied price theory, discrimination, economic history, economics of education, human capital, labour economics, labour supply, politics - USA, poverty and inequality Tags: economics of slavery, racial discrimination
This paper studies the long-run effects of slavery and restrictive Jim Crow institutions on Black Americans’ economic outcomes. We track individual-level census records of each Black family from 1850 to 1940, and extend our analysis to neighborhood-level outcomes in 2000 and surname-based outcomes in 2023. We show that Black families whose ancestors were enslaved until […]
Jim Crow and Black Economic Progress After Slavery
05 Sep 2024 Leave a comment
in economic history, liberalism, Marxist economics, politics - USA Tags: 2024 presidential election, Age of Enlightenment, free speech, political correctness, regressive left
I previously wrote how a Harris-Walz Administration would be a nightmare for free speech. Both candidates have shown pronounced anti-free speech values. Now, X owner Elon Musk and former independent presidential candidate Robert F. Kennedy Jr. have posted a Harris interview to show the depths of the hostility of Harris to unfettered free speech. I […]
“That Has to Stop”: Harris Denounces Unfettered Free Speech in 2019 CNN Interview
04 Sep 2024 Leave a comment
in applied price theory, budget deficits, business cycles, development economics, econometerics, economic growth, economic history, Edward Prescott, fiscal policy, great depression, history of economic thought, labour economics, law and economics, macroeconomics, Milton Friedman, monetarism, monetary economics, politics - USA, Public Choice, Robert E. Lucas, unemployment
Jon Hartley interviews Greg Mankiw on topics including New Keynesian macroeconomics, growth, and economic policy more broadly at his Capitalism and Freedom website (August 20, 2024, video and transcript available). Here are a few of the comments that caught my eye. On big models and small models in studying the macroeconomy: [O]n the issue of…
Interview with Greg Mankiw: New Keynesian Macro, Growth, and Economic Policy
03 Sep 2024 Leave a comment
in economic history, transport economics Tags: Sweden
“Dagen H,” or “H Day,” stands for “Högertrafikomläggningen” in Swedish, meaning “The right-hand traffic diversion.” This term refers to one of the most significant and carefully planned transportation changes in Sweden’s history: the switch from driving on the left-hand side of the road to the right. On September 3, 1967, Sweden made this monumental change, […]
Lets switch sides!!-Dagen H: Sweden’s Historic Switch to Right-Hand Traffic
03 Sep 2024 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction
02 Sep 2024 Leave a comment
in economic history, economics of crime, law and economics, Public Choice Tags: bribery and corruption, British history, British politics
Marking the anniversary of the passage of the 1883 Corrupt Practices Act, Dr Kathryn Rix, assistant editor of the House of Commons, 1832-1945, begins a series of blog posts on this landmark reform by looking at the key changes made by the act and the motivations behind it. On 25 August 1883, the final day […]
Tackling the problem of electoral corruption: the 1883 Corrupt and Illegal Practices Prevention Act
31 Aug 2024 1 Comment
in applied price theory, econometerics, economic history, entrepreneurship, history of economic thought, industrial organisation, survivor principle Tags: creative destruction
The differences between the most and least productive companies can be startlingly high. By one estimate, in the US alone the most productive firms in a sector can be more than two to four times more cost-effective than the least productive ones. Given the size of those discrepancies, any expansion of trade or innovation that makes […]
It is wonderful to put inefficient firms out of business
31 Aug 2024 Leave a comment
in economic history, entrepreneurship, industrial organisation Tags: The Great Enrichment
31 Aug 2024 Leave a comment
in applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, entrepreneurship, growth miracles, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, liberalism, macroeconomics, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, rentseeking, technological progress Tags: child poverty, family poverty, The Great Enrichment
31 Aug 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, economic growth, economic history, economics of bureaucracy, entrepreneurship, human capital, income redistribution, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking, welfare reform Tags: Europe, social insurance
I’ve written many times about how Americans are much richer than Europeans. And I’ve also written many times that the U.S. economy has been growing faster (which shouldn’t happen according to convergence theory). There’s a simple reason for America’s superior performance. The U.S. is burdened by a medium-sized welfare state and a bad tax system […]
European Policies = European Stagnation
29 Aug 2024 Leave a comment
in economic history, economics of crime, law and economics Tags: Nazi Germany
The 1934 German head-of-state referendum, held on August 19, stands as a crucial moment in the Nazi regime’s consolidation of power. Following the death of President Paul von Hindenburg on August 2, 1934, Adolf Hitler sought to solidify his grip on Germany by merging the offices of President and Chancellor, thus assuming the title of […]
The 1934 German Head of State Referendum: A Pivotal Moment in Nazi Consolidation of Power
28 Aug 2024 1 Comment
in economic history, economics of bureaucracy, health economics, industrial organisation, Marxist economics, politics - New Zealand, Public Choice, theory of the firm Tags: health insurance
Enough is enough. Former PMs Helen Clark and Jacinda Ardern should come clean about how they were the Chief Architects of the omni-shambles that has become our health system. They should take responsibility for the folks who suffered from long waiting lists and declining health-care quality, some of whom didn’t make it. The person who…
Former Labour PM’s Clark and Ardern wrecked NZ’s Health System: they should be held accountable for the lives that have been lost
27 Aug 2024 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, financial economics, fiscal policy, history of economic thought, inflation targeting, macroeconomics, monetary economics, politics - New Zealand Tags: monetary policy
Over the last few years, The Treasury seems to have been toying with bidding for a more significant role for fiscal policy as a countercyclical stabilisation tool It seemed to start when Covid hubris still held sway – didn’t we do well? – and the first we saw of it in public was at a […]
Fiscal and monetary policy
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
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Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
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Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Utopia, you are standing in it! 
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