Celebrating humanity's flourishing through the spread of capitalism and the rule of law
27 Jan 2024 1 Comment
in econometerics, economic history, energy economics, environmental economics, global warming Tags: climate alarmism
By Paul Homewood Roy Spencer has written a long, detailed critique of climate models: https://www.heritage.org/environment/report/global-warming-observations-vs-climate-models The full report is worth reading, but his key graph and conclusions are below:
Global Warming: Observations vs. Climate Models
27 Jan 2024 Leave a comment
in economic history, economics of media and culture
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25 Jan 2024 Leave a comment
in defence economics, economic history, Public Choice Tags: British history, constitutional law
The Cavalier Parliament of England lasted from May 8, 1661 until January 24, 1679. It was the longest English Parliament, and longer than any Great British or UK Parliament to date, enduring for nearly 18 years of the quarter-century reign of King Charles II of England, Scotland and Ireland. Like its predecessor, the Convention Parliament, […]
January 24, 1679: King Charles II of England, Scotland and Ireland dissolves the English Cavalier Parliament
25 Jan 2024 Leave a comment
in economic history, entrepreneurship, transport economics Tags: space
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25 Jan 2024 Leave a comment
in economic history, economics of crime, economics of education, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights Tags: constitutional law
Screeds have been written about the Treaty of Waitangi. And there’s more to come as division over race and rights ramps up.Its content and meaning are getting lost in the crossfire and the danger of ‘contestants’ talking past each other looms, if not already happening.When matters get murky, and misunderstandings abound, there is also a…
The danger of the Treaty debate wearing us down
23 Jan 2024 Leave a comment
in economic history Tags: British history
Victoria (Alexandrina Victoria; May 24, 1819 – January 22, 1901) was Queen of the United Kingdom of Great Britain and Ireland from June 20, 1837 until her death. On May 1, 1876, she adopted the additional title of Empress of India. Known as the Victorian era, her reign of 63 years and seven months was […]
January 22, 1901: Death of Queen Victoria of the United Kingdom and Empress of India
23 Jan 2024 Leave a comment
in economic history, economics of information, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
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22 Jan 2024 Leave a comment
in applied price theory, budget deficits, 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, public economics, rentseeking Tags: Argentina
I give him a 30-40% chance, which is perhaps generous because I am rooting for him. Bryan Caplan, who is more optimistic, offers some analysis and estimates that Milei needs to close a fiscal gap of about five percent of gdp. I have two major worries. First, if Milei approaches fiscal success, the opposing parties […]
Will Milei succeed in Argentina?
22 Jan 2024 Leave a comment
in development economics, economic history, entrepreneurship, financial economics, growth disasters, growth miracles Tags: India
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21 Jan 2024 Leave a comment
in discrimination, economic history, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Last Friday night, TV One’s lead item on the 6pm news was a story by reporter Te Aniwa Hurihanganui. She had scored a leaked piece of advice not yet considered by Cabinet that was intended to warn ministers in the new government that they would run into trouble with Maori if they backed David Seymour’s…
MICHAEL BASSETT: TV ONE’S BEAT-UP ON THE TREATY AND THE KING’S HUI
19 Jan 2024 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, entrepreneurship, growth disasters, growth miracles, history of economic thought, labour economics, law and economics, macroeconomics, property rights Tags: Argentina
Argentina’s President Javier Milei had a warning for those attending the annual WEF meeting in Davos, Switzerland; ‘the Western world is in danger’ from ‘collectivist experiments’ such as Diversity, Equity and Inclusion (DEI), and has called on the world to reject socialism and instead embrace “free enterprise capitalism” to end global poverty. H/T zerohedge “Today, […]
Milei Speaks Truth to WEF Elite Power
18 Jan 2024 Leave a comment
in development economics, economic history, energy economics, environmental economics, global warming
By Paul Homewood Read Trevor Stark’s analysis here.
No Such Thing as a Low-Energy Rich Country
18 Jan 2024 Leave a comment
in defence economics, economic history, International law Tags: maps
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17 Jan 2024 Leave a comment
in applied price theory, discrimination, economic history, economics of information, economics of regulation, health and safety, history of economic thought, human capital, industrial organisation, international economics, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, minimum wage, occupational choice, occupational regulation, poverty and inequality, unemployment, unions
A quarter century ago, economist Price Fishback published “Operations of ‘Unfettered’ Labor Markets: Exit and Voice in American Labor Markets at the Turn of the Century” in the prestigious Journal of Economic Literature. Fishback’s article is packed with insight… and understatement. But let’s back up. Virtually every standard history textbook describes U.S. labor markets before…
Unfettered: Fishback 25 Years Later
17 Jan 2024 Leave a comment
in business cycles, econometerics, economic history, history of economic thought, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, unemployment
Yusuf Mercan, Benjamin Schoefer, and Petr Sedláček, newly published in American Economic Journal: Macroeconomics. I best liked this excerpt from p.2, noting that “DMP” refers to the Nobel-winning Diamond-Mortensen-Pissarides search model of unemployment: This congestion mechanism improves the business cycle performance of the DMP model considerably. It raises the volatility of labor market tightness tenfold, […]
A congestion theory of unemployment fluctuations
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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