People said "what's the point?" about color films https://t.co/1AGXHf7EiB pic.twitter.com/TjhP2dqSmZ
— Pessimists Archive (@PessimistsArc) January 10, 2016
Colour films were initially thought to be uncompetitive on cost grounds
12 Feb 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation Tags: creative destruction, Hollywood economics
Where is Holland?
11 Feb 2016 Leave a comment
in economic history, economics Tags: Holland, The Netherlands
Source: Confused? You will be
The invention of anesthesia upset the Luddites of that day
11 Feb 2016 Leave a comment
in economic history, health economics Tags: Luddites, precautionary principle
PMG radio & TV licences (Frank Thring)
11 Feb 2016 Leave a comment
in economic history, economics of media and culture, economics of regulation, public economics
HT: Antony Green.
US, UK, Canadian and Danish health spending as % of GDP
10 Feb 2016 Leave a comment
in economic history, health economics Tags: British economy, Canada, Denmark, health insurance
Health spending is surprisingly stable outside of the USA. Even in the UK it was a gentle taper upwards.
Source: OECD Health Statistics.
The Hilarious Censor Negotiation Letter From Monty Python
09 Feb 2016 Leave a comment
in economic history, economics of media and culture, economics of regulation, liberalism, movies
Regulating Monopolies: A History of Electricity Regulation
09 Feb 2016 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of religion, industrial organisation, law and economics, Public Choice, rentseeking, survivor principle Tags: competition law, electricity industry, natural monopolies, network industries
@realdonaldtrump @BernieSanders are equally ignorant and unfit for office
09 Feb 2016 Leave a comment
in applied welfare economics, economic history, labour economics, macroeconomics, politics - USA Tags: 2016 presidential election, antiforeign bias, antimarket bias, Leftover cab left, pessimism bias, rational rationality, The Great Enrichment, Twitter left
Map of the unexplored world in 1881
09 Feb 2016 Leave a comment
The map above appeared in Jules Verne’s The Great Explorers of the Nineteenth Century and shows the areas of the world that remained unexplored (to Westerners) in 1881.
Source: Map of The Unexplored World From 1881 – Brilliant Maps.
G7, Australian, New Zealand and Danish life expectancies of males aged 65
08 Feb 2016 2 Comments
in economic history, health economics Tags: ageing society, life expectancies, Population demographics
I am surprised that Japanese male life expectancy at age 65 is the same as most everybody else.
Source: OECD Health Statistics.
Chileans’ life expectancy is now higher than Americans’, while Venezuela’s still catching up
08 Feb 2016 1 Comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: Chile, life expectancies, The Great Escape, Venezuela
@berniesanders How America’s middle class is disappearing
08 Feb 2016 Leave a comment
in applied welfare economics, economic history, labour economics, politics - USA, poverty and inequality Tags: living standards, rational ignorance, rational irrationality, withering away of proletariat
Both the proletariat and the middle class are withering away these days thanks to capitalism and freedom.
@jacindaardern wrong to say Australia is last place to follow in race relations
07 Feb 2016 Leave a comment
in constitutional political economy, discrimination, economic history, law and economics, politics - Australia, politics - New Zealand, property rights, Public Choice Tags: Aboriginal land rights, Maori economic development, native title, racial discrimination
From 1965 onwards, 1/3rd of terrestrial Australia – 2.5 million sq kms of land – was returned to indigenous owners, with half of that since the Native Title decision in 1993. Tasmania pioneered aboriginal land rights with the Cape Barron Island Act 1912.
Source: Jon Altman, The political ecology and political economy of the Indigenous land titling ‘revolution’ in Australia, March 2014 Māori Law Review.
New Zealand extinguished native title twice in its history with the 2nd of these takings of Māori land by the last Labour government with the foreshore and seabed legislation. In her op-ed today, has Jacinda Ardern forgotten why the Māori party came into being?
Unlike New Zealand, Australia welcomed migrants from a wide range of ethnicities after the Second World War. It abolished the White Australia policy in the 1960s along with any discrimination in its Constitution against aboriginals.
Australia takes 8 times as many refugees as New Zealand on a per capita basis.
Sweden – the OECD's highest per capita recipient of asylum seekers bit.ly/1vfFEUh http://t.co/y6DmdJjAsE—
Guardian Data (@GuardianData) December 02, 2014
This redress of indigenous grievances was done out of the generosity of the Australian heart. Aboriginals are a tiny minority in Australia with little independent political pull.
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