The United Nations’ Intergovernmental Panel on Climate Change (IPCC) published their latest assessment report (AR6) in 2021. In 2023, the Clintel Foundation published a report which criticizes AR6.
IPCC’s New “Hockey Stick” Temperature Graph
IPCC’s New “Hockey Stick” Temperature Graph
02 Mar 2024 Leave a comment
in econometerics, economic history, energy economics, environmental economics, global warming Tags: climate alarmism
Three Snapshots of Where US Population is Headed
29 Feb 2024 Leave a comment
in economic history, environmental economics, labour economics, labour supply, population economics Tags: ageing society, economics of fertility, economics of immigration, population bust
The Congressional Budget Office has published The Demographic Outlook: 2024 to 2054 (January 2024), which offers some recent history and projections of how the US population is evolving. Here are three snapshots: The Role of Immigration in Total US Population Growth The black line shows projected US population growth since 2004, with firm data up…
Three Snapshots of Where US Population is Headed
The Economics of Creative Destruction, Part II
29 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, industrial organisation, survivor principle Tags: creative destruction
I’ve referred to “creative destruction” as the “best and worst part of capitalism.” This short video from the Fraser Institute is a good tutorial on the topic. The core message is that entrepreneurs improve our lives by coming up with new ideas, new technologies, and new products. That’s the good news. The bad news is […]
The Economics of Creative Destruction, Part II
The US Housing Market Is Very Quickly Becoming Unaffordable
27 Feb 2024 Leave a comment
in applied price theory, economic history, economics of regulation, politics - USA, urban economics Tags: land supply, zoning
In a post from July 2021, I discussed housing affordability and “zoning taxes” — in other words, how land use restrictions such as zoning were driving up the cost of housing in some US cities. San Francisco, Los Angeles, Seattle, and New York stood out as the clear outliers, with “zoning taxes” adding several multiples […]
The US Housing Market Is Very Quickly Becoming Unaffordable
ROBERT MacCULLOCH: Former PM Hipkins & Profs Bloomfield & Baker should be held accountable for quoting statistics that have now been shown to be wrongly estimated
27 Feb 2024 1 Comment
in applied welfare economics, econometerics, economic history, economics of regulation, health economics, politics - New Zealand Tags: economics of pandemics
Why are we still talking about Covid when many countries – like the US – have moved on? Well the US economy is currently booming and ours is stuck in the mud. The reason has emerged over time. Although our response to the virus was to be commended in early 2020 when no-one knew what…
ROBERT MacCULLOCH: Former PM Hipkins & Profs Bloomfield & Baker should be held accountable for quoting statistics that have now been shown to be wrongly estimated
Lifespans of the rich and famous, from 800-1800 C.E.
27 Feb 2024 Leave a comment
in economic history, population economics Tags: life expectancies
Life expectancy is one of the key statistics in human wellbeing. However, we know surprisingly little about life expectancy prior to the systematic recording of births, deaths, and marriages, which began in England in 1538 with the establishment of parish registers. Many other countries started recording this data, but later in the 16th Century (or…
Lifespans of the rich and famous, from 800-1800 C.E.
This is the only picture ever taken of the Concorde flying at Mach 2 (1,350 mph). Taken from an RAF Tornado fighter jet, which only rendezvoused with Concorde for 4 minutes over the Irish Sea
26 Feb 2024 Leave a comment
in economic history, transport economics
📸 Look at this post on Facebook
https://www.facebook.com/share/XKSwzjxUr4X7YJL1/?mibextid=RXn8sy
Sorry, the Little Ice Age Does Exist
26 Feb 2024 Leave a comment
in economic history, environmental economics, global warming
By Andy May Renee Hannon (@hannon_renee) pointed out that Raphael Neukom, et al. (2019) compares the modern instrumental temperature record to the Pages2K proxy temperature record and declares that: “… we find that the coldest epoch of the last millennium—the putative Little Ice Age—is most likely to have experienced the coldest temperatures during the fifteenth […]
Sorry, the Little Ice Age Does Exist
How good was Paul Samuelson’s macroeconomics?
25 Feb 2024 Leave a comment
in business cycles, economic history, history of economic thought, macroeconomics, Milton Friedman, monetary economics Tags: monetary policy, wage and price controls
Reading the new Nicholas Wapshott book and also Krugman’s review (NYT) of it, it all seemed a little too rosy to me. So I went back and took a look at Paul Samuelson the macroeconomist. I regret that I cannot report any good news, in fact Samuelson was downright poor — you might say awful […]
How good was Paul Samuelson’s macroeconomics?
Government Intervention and Relative Prices
25 Feb 2024 Leave a comment
in economic history, economics of regulation, entrepreneurship, industrial organisation, macroeconomics
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see similar patterns in other countries. And we do. Here’s a chart from Matthew Lesh of the Institute for […]
Government Intervention and Relative Prices
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
Arrant misconceptions about the war and Israel
24 Feb 2024 Leave a comment
in defence economics, economic history, International law, law and economics, liberalism, politics - USA, property rights Tags: free speech, Gaza Strip, Israel, Middle-East politics, political correctness, regressive left, war against terror
One thing that bothers me about the war between Hamas and Israel is the large number of manifestly dumb beliefs that pervade the discourse. This is also true about Israel itself. Here’s a list of a few, all them wrong and all of them easily refuted. A two-state “solution” will end Palestinian terrorism towards Israel […]
Arrant misconceptions about the war and Israel
In 1900, when most U.S. women baked their own bread and did the laundry by hand, maintaining a home was a full-time job.
24 Feb 2024 Leave a comment
in economic history, economics of love and marriage, gender, labour economics, law and economics Tags: The Great Enrichment
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