Remember iron lungs for polio?
— Neil Stone (@DrNeilStone) January 4, 2025
No me neither.
Because vaccines work pic.twitter.com/RYddxQG740
Polio
05 Jan 2025 Leave a comment
in economic history, health economics Tags: anti-vaccination movement, The Great Escape, vaccines
DON BRASH: TIME TO SUBMIT ON THE TREATY PRINCIPLES BILL FAST RUNNING OUT
03 Jan 2025 Leave a comment
in economic history, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
This Parliament is being asked to pass a significant number of important Bills during the course of its three-year life – Bills related to resource management planning, to infrastructure, to education and to health. But few Bills are of greater significance than the Treaty Principles Bill which David Seymour has sponsored. Why? Because it goes…
DON BRASH: TIME TO SUBMIT ON THE TREATY PRINCIPLES BILL FAST RUNNING OUT
Some Links
03 Jan 2025 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, defence economics, economic history, economics of crime, economics of regulation, industrial organisation, international economics, International law, law and economics, politics - USA, war and peace
TweetArnold Kling ponders producers versus parasites. A slice: What I notice is that the elites on the Republican side tend to earn a living as producers. They make things that other people want or need. In contrast, elites on the Democratic side include many people one may think of as parasites. They depend on producers…
Some Links
Some Jimmy Carter observations from the 1970s
01 Jan 2025 Leave a comment
in business cycles, defence economics, economic history, economics of regulation, energy economics, macroeconomics, monetary economics, politics - USA, war and peace Tags: Middle-East politics
Usually I am reluctant to criticize or even write about the recently departed, but perhaps for former Presidents there is greater latitude to do so. I never loved Jimmy Carter, and I saw plenty of him on TV and read about his administration on a daily basis in The New York Times. I fully appreciate […]
Some Jimmy Carter observations from the 1970s
Nordhaus on the Perils of Long-Term Forecasting
01 Jan 2025 Leave a comment
in applied price theory, econometerics, economic history Tags: The Great Enrichment
When people try to think about the long-term future, by which I mean here looking a half-century or a century ahead, they often suffer a lack of imagination. As a common example, they take today’s problems and just multiply them by a factor of ten. Or they assume that improved central planning, in one form…
Nordhaus on the Perils of Long-Term Forecasting
The Great Enrichment
01 Jan 2025 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: The Great Enrichment
James E. Carter (1924-2024)
30 Dec 2024 Leave a comment
in economic history, politics - USA
Jimmy Carter, the 39th president of the United States, died today at the age of 100. He was the oldest-ever former president of the United States. It is also worth noting that he was married to Rosalynn Carter for an impressive 77 years. George H.W. Bush was the second-oldest former president, passing at the age […]
James E. Carter (1924-2024)
On the Great F.A. Hayek
30 Dec 2024 Leave a comment
in applied price theory, applied welfare economics, economic history, F.A. Hayek, history of economic thought
TweetJonathan Fortier and his colleagues at Libertarianism.org produced this truly splendid 21-minute-long video to commemorate the 50th anniversary of Hayek’s receipt of the Nobel Prize in economics. The post On the Great F.A. Hayek appeared first on Cafe Hayek.
On the Great F.A. Hayek
Creative destruction
29 Dec 2024 Leave a comment
in economic history, entrepreneurship Tags: creative destruction
Two examples of wages rising for one occupation leading workers to move into it from other occupations
29 Dec 2024 Leave a comment
in applied price theory, economic history, human capital, labour economics, labour supply, minimum wage, occupational choice, poverty and inequality
See $500,000 Pay, Predictable Hours: How Dermatology Became the ‘It’ Job in Medicine: Americans’ newfound obsession with skin care has medical students flocking to this specialty by Te-Ping Chen of The WSJ. Excerpts:”Four-day workweeks, double the salary of some colleagues and no emails at night. If those perks sound like they belong to a few vaunted…
Two examples of wages rising for one occupation leading workers to move into it from other occupations
The Changing US Labor Market
28 Dec 2024 Leave a comment
in applied price theory, economic history, history of economic thought, human capital, labour economics, labour supply, occupational choice, poverty and inequality, unemployment Tags: creative destruction
There is a widespread belief that the US labor market has been undergoing a period of unprecedented chance in the last decade or two. On one hand, David Deming, Christopher Ong, and Lawrence H. Summers case doubt on this historical claim in their essay, ” Technological Disruption in the US Labor Market”–that is, they argue…
The Changing US Labor Market
The curse of socialism
27 Dec 2024 Leave a comment
in development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, health economics, history of economic thought, law and economics, liberalism, Marxist economics, property rights, Public Choice Tags: economics of socialism, The Great Escape
The Great Enrichment
27 Dec 2024 Leave a comment
in development economics, economic history, growth miracles
Technological Disruption in the US Labor Market
27 Dec 2024 Leave a comment
in applied price theory, economic history, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: creative destruction
Deming, Ong and Summers have a good overview of long-run and very recent changes in the US labor market. Using a measure of occupational titles the authors find: The years spanning 1990-2017 were the most stable period in the history of the US labor market, going back nearly 150 years. It’s a bit too early […]
Technological Disruption in the US Labor Market
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