Celebrating humanity's flourishing through the spread of capitalism and the rule of law
07 Sep 2025 Leave a comment
in applied price theory, economic history, entrepreneurship, financial economics, macroeconomics Tags: China, Japan
TweetThe folks at Unleash Prosperity share a chart that shows that Japanese industrial policy – which we Americans a few decades ago were warned by oh so very many pundits, professors, and politicians left, right, and center would propel Japan’s economy to great heights and leave America’s in the dust – was a curse to…
Some Links
05 Sep 2025 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of natural disasters, income redistribution, politics - USA, Public Choice, public economics, rentseeking
…the federal government did something extraordinary: It committed more than $140 billion toward the region’s recovery. Adjusted for inflation, that’s more than was spent on the post-World War II Marshall Plan to rebuild Europe or for the rebuilding of Lower Manhattan after the Sept. 11 attacks. It remains the largest post-disaster domestic recovery effort in […]
How well did Katrina reconstruction go?
03 Sep 2025 1 Comment
in comparative institutional analysis, development economics, economic history, economics of crime, growth disasters, growth miracles, law and economics, property rights Tags: India
The FT’s Krishn Kaushik covers the courts in India: …in one recent example a Delhi court concluded a property dispute after 66 years. Both the original litigants were dead. Still, the lawyer for one of the warring parties cautioned that the conclusion was in fact not the end, as the ruling would be appealed. Three […]
Inside India’s endless trials
31 Aug 2025 Leave a comment
in development economics, economic history, growth miracles, international economics Tags: free trade
30 Aug 2025 Leave a comment
in economic history, labour economics Tags: economics of slavery
Rewriting History: The truth about slavery and the British Empire Ani O’Brien writes – You’d think from the way some people talk that the British Empire invented slavery, ran it single-handedly, and then quietly slunk away in shame. That’s the cartoon version of history pushed by activists who want every discussion of colonisation to be […]
Slavery: A human crime, not a British one
30 Aug 2025 Leave a comment
in applied price theory, development economics, econometerics, economic history, economics of bureaucracy, growth disasters, history of economic thought, industrial organisation, law and economics, Marxist economics, property rights, Public Choice Tags: Cuba
I’ve written several articles about the failure of Cuban socialism (2024, 2022, 2021, 2019, and 2016). My leftist friends almost always respond by claiming that U.S.-imposed trade restrictions are the primary reason for Cuba’s terrible economy. Since I like free trade, I certainly agree that trade restrictions are bad for growth (a lesson I wish […]
The Ongoing Tragedy of Cuban Socialism
28 Aug 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality Tags: gender wage gap, sex discrimination
Stats NZ reports: The gender pay gap was 5.2 percent in the June 2025 quarter, down from 8.2 percent in the June 2024 quarter, according to figures released by Stats NZ today. “The June 2025 quarter gender pay gap of 5.2 percent is the lowest since the series began in 1998,” labour market spokesperson Abby […]
The smallest gender pay gap in history
27 Aug 2025 1 Comment
in applied price theory, defence economics, economic history, entrepreneurship, industrial organisation, labour economics, labour supply, occupational choice, war and peace Tags: World War II
See ‘Launching Liberty’ Review: Shipyard Victory The U.S. quickly constructed a fleet of vessels to carry vital war supplies across the oceans. Did the rush to build so fast affect quality? by Marc Levinson. He reviewed the book Launching Liberty: The Epic Race to Build the Ships That Took America to War by Doug Most.The Liberty…
World War II Liberty Ships and the Law of Increasing Opportunity Cost
25 Aug 2025 Leave a comment
in budget deficits, business cycles, economic growth, economic history, economics of bureaucracy, fiscal policy, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: economics of pandemics, monetary policy
I got home from Papua New Guinea at 1:30 on Saturday morning and by 3:30 yesterday afternoon I’d finished Grant Robertson’s new book, Anything Could Happen, and in between I’d been to two film festival movies, a 60th birthday party, and church. It is that sort of book, a pretty easy read. In some respects, […]
Reading Grant Robertson
24 Aug 2025 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetHere’s a second note to a commenter at my Facebook page. Mr. Schlomach: Commenting on my Facebook page, you allege that China ‘dumps’ goods in the U.S. and, in doing so, “has used our love of cheap stuff to suck our country of strategically critical technology/industry.” By suggesting that your fellow Americans buy stuff simply…
More On Alleged Chinese Dumping
20 Aug 2025 1 Comment
in economic history, health economics Tags: life expectancies
Stats NZ have published the latest life expectancy at birth data. Here’s the increase for each ethnic and gender group from 2006 to 2023. This is what TPM presumably calls genocide!
Maori life expectancy rising the fastest
18 Aug 2025 Leave a comment
in constitutional political economy, economic history, Public Choice Tags: British constitutional law, British history, British politics
Unlike the House of Commons, which underwent major ‘democratic’ reform in the 19th century, the Lords remained virtually unchanged during the entire Victorian period. With a new hereditary peers bill now entering its final stages, Dr Philip Salmon explores how and why the House of Lords was able to survive the ‘age of reform’, highlighting […]
House of Lords reform: a Victorian perspective
15 Aug 2025 1 Comment
in defence economics, economic history, economics of crime, International law, law and economics, laws of war, war and peace Tags: World War II
Following the Hiroshima bombing on August 6, the Soviet declaration of war and the Nagasaki bombing on August 9, the Emperor’s speech was broadcast at noon Japan Standard Time on August 15, 1945, and did reference the atomic bombs as a reason for the surrender. The broadcast was recorded a day earlier but was broadcast […]
Fred Hockley-Executed 9 hours after Japanese surrender.
11 Aug 2025 1 Comment
in applied price theory, economic history, history of economic thought, international economics, politics - USA Tags: tarrifs
TweetFareed Zakaria, writing in the Washington Post, eloquently corrects many of the fallacies believed by MAGA-types (and also by many – most? – progressives’) about the American economy. Two slices: The Organization for Economic Cooperation and Development’s measure of median disposable household income in America was higher than in all but one advanced industrial economy…
Some Links
11 Aug 2025 Leave a comment
in applied price theory, economic history, economics of regulation, human capital, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: family poverty, homelessness, regressive left
Ani O’Brien writes – Chlöe Swarbrick wants you to believe the Government is intentionally increasing homelessness. She told RNZ’s Mata with Mihingarangi Forbes: “The only conclusion that I can really come to is that this Government has intentionally increased homelessness…” It’s the kind of soundbite that plays well on social media. Outrage travels faster than nuance, and a […]
Chlöe Swarbrick’s homelessness hyperbole
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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