Celebrating humanity's flourishing through the spread of capitalism and the rule of law
09 Aug 2015 Leave a comment
in business cycles, economic history, global financial crisis (GFC), job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: British disease, British economy, equilibrium unemployment rate, Margaret Thatcher, natural unemployment rate, unemployment duration, unemployment rates
In contrast to the USA, there is been a long-term decline in long-term unemployment, that is unemployment of more than a year, in the British economy over the 1990s. The situation then stabilised and then increased after the global financial crisis. There is also a rather rapid fall in long-term unemployment in the mid-1980s as the British economy recovered under Thatchernomics
Source: OECD StatExtract.
09 Aug 2015 1 Comment
in economic history, politics - USA, public economics Tags: ageing society, demographic crisis, dependency ratio, social insurance
Past, present, and future of the welfare state… http://t.co/1gcGree4o1—
Austrian EconoCenter (@AustrianCenter) June 22, 2015
For both policy reasons and narcissism, I wish the most popular item ever posted on International Liberty was Mitchell’s Golden Rule.
But that guide to sensible fiscal policy isn’t even in the top 70.
Instead, my most-read post is a set of cartoons showing how the welfare state inevitably metastasizes as more and more people are lured into the wagon of government dependency.
I suspect these cartoons are popular because they succinctly capture and express a concern that is instinctively felt by many people.
But instinct isn’t the same as evidence.
So I’ve shared various estimates of America’s growing dependency problem, though I’ve also warned that these numbers don’t necessarily tell the full story.
Given my dissatisfaction with the current estimates, I was very interested to see a new attempt to measure the degree to which nations are undermined by ever-expanding redistribution. Writing for the Mises Institute and…
View original post 590 more words
09 Aug 2015 Leave a comment
in cats, economic history Tags: ancient Egypt, cats, Egypt, pyramids
09 Aug 2015 2 Comments
in applied welfare economics, economic history Tags: creative destruction, entrepreneurial alertness, living standards, The Great Enrichment
https://twitter.com/VisualEcon/status/501347052878823425/photo/1
Share of Income Before & After Federal Taxes "An Illustrated Guide to Income" bit.ly/1tfXrse #inequality http://t.co/DnkSWZ6Yov—
Catherine Mulbrandon (@VisualEcon) April 24, 2014
08 Aug 2015 Leave a comment
in business cycles, economic history, global financial crisis (GFC), great recession, job search and matching, labour economics, labour supply, macroeconomics, unemployment Tags: Australia, Canada, unemployment rates
Source: OECD StatExtract.
I have no information as to why there is a sudden surge in the Canadian unemployment duration rate in 2001.
08 Aug 2015 Leave a comment
in economic growth, economic history, income redistribution, macroeconomics, Public Choice, rentseeking Tags: British economy, British Labour Party, British politics, Tony Blair Blair
Quarters following general elections tend to see decent growth – especially 1979 http://t.co/bJarqD8Etj—
RBS Economics (@RBS_Economics) July 28, 2015
08 Aug 2015 Leave a comment
in Adam Smith, applied price theory, comparative institutional analysis, economic history, economics of regulation, entrepreneurship, industrial organisation Tags: creative destruction, entrepreneurial alertness, offsetting behaviour, The meaning of competition
08 Aug 2015 Leave a comment
in development economics, economic history, economics of education, growth disasters, growth miracles Tags: educational attainment, schooling, The Great Fact
"55 million children remained out of school in 2012" New blog on #MDG2 – blogs.worldbank.org/opendata/mdg2-… #opendata #WDI2015 http://t.co/6uYQE1RNSG—
World Bank Data (@worldbankdata) May 20, 2015
08 Aug 2015 Leave a comment
in economic history Tags: Iceland
Northern Lights in Iceland – ozzophotography (IG) http://t.co/13GKyCQ3zF—
Earth Pics (@Earth_Pics) August 05, 2015
08 Aug 2015 Leave a comment
in economic history, economics of media and culture, health economics Tags: cancer survival rates, child mortality, cranks, infant mortality leukaemia, modern medicine, natural medicine, The Great Escape
08 Aug 2015 Leave a comment
in economic history, economics of media and culture Tags: New York
07 Aug 2015 Leave a comment
in currency unions, economic growth, economic history, Euro crisis, macroeconomics Tags: Eurosclerosis, Greece, prosperity and depression
Greece's GDP collapse is among the worst advanced economy falls since 1870. And most of those were war-related. http://t.co/QLp6fYN83u—
RBS Economics (@RBS_Economics) July 04, 2015
07 Aug 2015 Leave a comment
in economic history, global financial crisis (GFC), job search and matching, labour economics, labour supply, macroeconomics, politics - New Zealand, unemployment Tags: Australia, equilibrium unemployment rate, natural unemployment rate, unemployment duration
As with New Zealand, Australian long-term unemployment seems to go up and down quite a lot with recessions such as those in the early 1980s and early 1990s but not after the global financial crisis.
Source: OECD StatExtract.
07 Aug 2015 Leave a comment
in economic history Tags: Ottoman Empire, World War I
Stratfor Graphic: The Ottoman Empire, 1798-1923 info.stratfor.com/twlg/ http://t.co/Grq8LCHHRG—
(@Stratfor) July 30, 2015
07 Aug 2015 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of media and culture Tags: adverse selection, asymmetric information, competition as a discovery procedure, duals, feuds, game theory, moral hazard, screening, signalling
How they resolved spats before Twitter existed
thepoke.co.uk/2015/07/26/res… http://t.co/a04CTYT2aX—
The Poke (@ThePoke) July 27, 2015
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
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
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