The FDA is holding a public hearing today on regulating homeopathic remedies
21 Apr 2015 Leave a comment
in economics of information, economics of regulation, health economics Tags: homoeopathy, quackery
Gary Libecap: Global environmental externalities, property rights, and public policy – Coase conference video
20 Apr 2015 Leave a comment
in economics of regulation, environmental economics, law and economics, property rights, Ronald Coase Tags: Coase conference, Gary Libecap
Sam Peltzman: Future directions of research in the Coasean tradition – Coase conference video
19 Apr 2015 Leave a comment
in law and economics, property rights, Ronald Coase, Sam Peltzman Tags: Coase conference
Why are Europe’s strong employment protection laws still popular with the Left?
17 Apr 2015 Leave a comment
in economics of regulation, Euro crisis, global financial crisis (GFC), great recession, job search and matching, labour economics, macroeconomics, unemployment Tags: employment law reform, employment protections laws, Eurosclerosis, Germany
#Unemployment rate in #OECD area fell to 7.0% in Feb, w/42.9mn people jobless bit.ly/1FNK0W5 #stats http://t.co/RPUqvlR3mQ—
(@OECD) April 13, 2015
The countries with the more liberal labour markets are recovering fastest from the Great Recession and the Global Financial Crisis.
EZ unemployment rates http://t.co/vnfti1hhqe—
(@cigolo) March 31, 2015
This includes Germany where there were major labour market reforms a couple of years before the onset of the Global Financial Crisis. For that reason, German unemployment rates didn’t rise much in 2008 and after and are now falling quite rapidly because of their labour market liberalisations. Germany has the lowest unemployment rate in Europe.
UK youth unemployment high but lower than 20 other EU member states. #Budget2015 http://t.co/eBa8W9rr6C—
RBS Economics (@RBS_Economics) March 18, 2015
The Uber effect on taxi medallion prices
17 Apr 2015 Leave a comment
in economics of regulation, Public Choice, rentseeking Tags: taxi regulation, Uber
https://twitter.com/Mark_J_Perry/status/576460181862801408/photo/1
$TAXI Ruh roh. Big jump in cabbies having trouble paying their loans on time. Aging of medallion loans '13 vs '14. http://t.co/Ayn69u1mgK—
Donut Shorts (@DonutShorts) March 12, 2015
How toxic is it?
15 Apr 2015 Leave a comment
in economics of information, economics of regulation, health economics Tags: Anti-Science left
Uber is bringing a new meaning to creative destruction
14 Apr 2015 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, Uber
Uber's astounding rise: onforb.es/1yiZFNp http://t.co/VocIl3EogE—
Forbes Tech News (@ForbesTech) April 10, 2015
The merits of different options to combat global warming
14 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, entrepreneurship, environmental economics, global warming Tags: climate alarmism, cost benefit analysis, evidence-based policy, global warming
Gun control advocates in the USA will have to rethink their messaging
13 Apr 2015 1 Comment
in economics of media and culture, economics of regulation, politics - USA Tags: gun control
The Greens are what they eat, but does that include insightful?
11 Apr 2015 Leave a comment
in economics of media and culture, economics of regulation
A UK Greens voter spends more on organic food than do your average UKIP supporter and they are a lot thinner too.
It’s a lot easier to support Nanny State policies when they mostly won’t apply you and are about forcing others to live like you:
Greens “Living the lifestyle; slim and organic-eating, home-delivered, concerned about health issues, the most eclectic shopping basket.”
I almost took this all back when I found out that Greens and Lib Dems are the most likely voters to have cats (30% and 25%) while UKIP supporters prefer dogs (28%).
New Zealand and Australia in The Economist House-Price Index
07 Apr 2015 Leave a comment
in economics of regulation, politics - Australia, politics - New Zealand, urban economics
Everything seemed to go wrong regarding housing prices in New Zealand in about the year 2000, which was the year after the election of a Labour government. Labour parties are supposed to stand for a better deal for the ordinary worker. Clearly, they did not when housing prices run away because of restrictions on land supply.
@NZNationalParty housing policy defies the laws of supply and demand for land
05 Apr 2015 1 Comment
in applied price theory, economics of regulation, politics - New Zealand, urban economics Tags: housing affordability, RMA, supply of land, zoning
If homebuyers access additional lines of funding because they can tap into their KiwiSaver retirement savings, they will use this to bid up the price of housing and land.
If the supply of land is fixed or otherwise constrained from expanding much, such as by the Resource Management Act and the metropolitan urban limit in Auckland, the only thing that will happen is that the price will go up with more money chasing the same amount of land and housing.
The price of land and housing must go up in the absence of some reforms that increase the supply of land. Rather than increase access to housing among those with don’t own a house, allowing homebuyers to access their KiwiSaver retirement savings entrenches the prospects of Generation Rent.
When did administering first aid in an ambulance become lawful in Japan
30 Mar 2015 Leave a comment
in economics of media and culture, economics of regulation, health economics Tags: Japan
One of the pluses of moving to Japan to study in 1995 was I didn’t move to study in Japan before 1992, which was when Japanese ambulances were first allowed to administer first aid.
Prior to 1992, Japanese ambulances were not permitted to administer first aid.They just loaded you into the back of the ambulance and off they went.
I know this to be true because I visited the Tokyo Fire Department in 1997 on on a field trip. On page 400 or so of their hand-out, there is a discussion of the change in Japanese ambulance law in 1992 permitting limited first aid to be administered in an ambulance under the supervision of a doctor by radio.
In our tour of the Tokyo Fire Department, we saw the control room where the doctor was sitting who administer guidance while first aid was being administered in an ambulance. Japanese ambulance professionals still have relatively limited training compared to other advanced countries.
Utopia, you are standing in it! 
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