Perspectives on the Pandemic | Dr John Ioannidis of Stanford University | Interview #COVID19

30 Mar 2020 Leave a comment

by Jim Rose in economics of information, health economics Tags:

Steven N.S. Cheung on the Communist economy

29 Mar 2020 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, economics of information, history of economic thought, law and economics, Marxist economics, property rights, Public Choice, Ronald Coase, theory of the firm

From https://books.google.co.nz/books?id=_VAd-VhDlncC&pg=PA232&lpg=PA232&dq=Economic+Organization+and+Transaction+Costs+Authors+Authors+and+affiliations+Steven+N.+S.+Cheung&source=bl&ots=NhcvVq2xiD&sig=ACfU3U02P5iKFkUwlUQ5bnK5h4ETGvZmQg&hl=en&sa=X&ved=2ahUKEwjir8H1lb_oAhUT4zgGHWaMCc8Q6AEwBHoECAsQAQ#v=onepage&q&f=false

Coronavirus: Do socialists understand socialism?

29 Mar 2020 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, law and economics, liberalism, libertarianism, Marxist economics, Public Choice, public economics, rentseeking, survivor principle Tags:

Spare a thought for those locked in their rooms at backpackers hotels and camping grounds #COVID19 #Hayekianknowledgeproblem

27 Mar 2020 Leave a comment

by Jim Rose in Austrian economics, economics of bureaucracy, economics of information, health economics

From https://covid19.govt.nz/government-actions/covid-19-alert-level/essential-businesses/#additional

More from Murphy and Topel on why efficiency wages theory falls down

27 Mar 2020 Leave a comment

by Jim Rose in applied price theory, economics of information, labour economics, personnel economics

 

From https://books.google.co.nz/books?id=T5yvCwAAQBAJ&pg=PA204&lpg=PA204&dq=Efficiency+Wages+Reconsidered:+Theory+and+Evidence&source=bl&ots=AWcByEQtA9&sig=ACfU3U3Rt-Yk3-LqjNyUhLd1zfN9DHp-XQ&hl=en&sa=X&ved=2ahUKEwiGquK9nrDoAhXmzzgGHYliC5M4ChDoATAGegQIChAB#v=onepage&q=Efficiency%20Wages%20Reconsidered%3A%20Theory%20and%20Evidence&f=false

Cabinet must be adjudicating 24/7 on which businesses stay open #COVID19 #Hayekianknowledgeproblem

26 Mar 2020 Leave a comment

by Jim Rose in Austrian economics, economics of bureaucracy, economics of information, health economics

From https://covid19.govt.nz/government-actions/covid-19-alert-level/essential-businesses/

#Hayekianknowledgeproblem: 2006 pandemic law couldn’t even list all of NZ’s courts properly so emergency amendment passed yesterday

26 Mar 2020 Leave a comment

by Jim Rose in Austrian economics, economics of information, F.A. Hayek, health economics

From http://www.legislation.govt.nz/bill/government/2020/0239/latest/LMS327153.html

Why Murphy and Topel do not think much of efficiency wages theory

26 Mar 2020 Leave a comment

by Jim Rose in applied price theory, economics of information, labour economics, personnel economics

From https://books.google.co.nz/books?id=T5yvCwAAQBAJ&pg=PA204&lpg=PA204&dq=Efficiency+Wages+Reconsidered:+Theory+and+Evidence&source=bl&ots=AWcByEQtA9&sig=ACfU3U3Rt-Yk3-LqjNyUhLd1zfN9DHp-XQ&hl=en&sa=X&ved=2ahUKEwiGquK9nrDoAhXmzzgGHYliC5M4ChDoATAGegQIChAB#v=onepage&q=Efficiency%20Wages%20Reconsidered%3A%20Theory%20and%20Evidence&f=false

#GMO

22 Mar 2020 Leave a comment

Image by Jim Rose

My local super

20 Mar 2020 Leave a comment

by Jim Rose in economics of information, entrepreneurship, health economics Tags:

.@Bryan_Caplan’s best presentation of the case against education

18 Mar 2020 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, economics of education, economics of information, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, Public Choice, public economics, rentseeking, survivor principle Tags: , , , , , ,

Hayek (1950) on why the current stimulus will fail

18 Mar 2020 Leave a comment

by Jim Rose in Austrian economics, business cycles, economic history, economics of information, F.A. Hayek, fiscal policy, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics, occupational choice, Public Choice, public economics Tags: ,

Patrick Moore: 12 Fake Invisible Catastrophes and Threats of Doom

18 Mar 2020 Leave a comment

by Jim Rose in economic history, economics of information, economics of natural disasters, energy economics, environmental economics, environmentalism, global warming, Marxist economics Tags:

Share buybacks limit free cash and managerial excesses

18 Mar 2020 Leave a comment

by Jim Rose in economics of information, entrepreneurship, financial economics, industrial organisation, labour economics, law and economics, managerial economics, organisational economics, property rights, survivor principle, theory of the firm Tags:

From https://johnhcochrane.blogspot.com/2018/03/buybacks.html?m=1

Nice summary of time inconsistency by Kydland and Wynne

17 Mar 2020 Leave a comment

Image by Jim Rose

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