What happened and early lessons
The Iberian Blackout
The Iberian Blackout
02 May 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: solar power, wind power
Trump Admin Sues to Block Blue States From Taking Fossil Fuel Companies To Court Over Climate Change
02 May 2025 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: climate activists, nuisance suits
The Trump administration filed lawsuits Wednesday against Michigan and Hawaii in an attempt to block the states from seeking damages in court against fossil fuel companies for alleged environmental harm.
Trump Admin Sues to Block Blue States From Taking Fossil Fuel Companies To Court Over Climate Change
Housing affordability
01 May 2025 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
‘Rule of Two’ medicines approval needs improving
28 Apr 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, health economics, politics - New Zealand, Public Choice Tags: drug lags
Eric Crampton writes – Come the next pandemic, we are going to be in the same stupid mess that we were in during the last one. Trusted pharmaceutical regulators overseas, like those in Australia, Canada, Europe, and the UK, will have given provisional approvals for vaccines that are safe. And Kiwis will have to wait, […]
‘Rule of Two’ medicines approval needs improving
Pandemic Preparation Without Romance
25 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of regulation, health economics, politics - USA, Public Choice Tags: economics of pandemics
My latest paper, Pandemic Preparation Without Romance, has just appeared at Public Choice. Abstract: The COVID-19 pandemic, despite its unprecedented scale, mirrored previous disasters in its predictable missteps in preparedness and response. Rather than blaming individual actors or assuming better leadership would have prevented disaster, I examine how standard political incentives—myopic voters, bureaucratic gridlock, and […]
Pandemic Preparation Without Romance
Smith Reviews Stiglitz
24 Apr 2025 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, economics of information, economics of regulation, entrepreneurship, experimental economics, history of economic thought, industrial organisation
Vernon Smith reviews Joe Stiglitz’s book The Road to Freedom: Stiglitz did work in the abstract intellectual theoretical tradition of neoclassical economics showing how the standard results were changed by asymmetric or imperfect information. He is oblivious, however, to the experimental lab and field empirical research showing that agent knowledge of all such information is […]
Smith Reviews Stiglitz
From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?
22 Apr 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, industrial organisation, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, survivor principle Tags: California, climate activists, regressive left
California’s refining capacity is collapsing—not because demand has disappeared, but because it is being deliberately dismantled by regulatory fiat. The recent announcement that Valero Energy will idle or shutter its Benicia refinery by 2026 isn’t just a business decision. It’s the calculated result of a hostile policy environment designed to punish traditional energy producers until they either leave the state or fall into government hands.
From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?
Time to Axe the Climate-Industrial Complex
22 Apr 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: climate alarmism
Kevin Mooney makes the urgency case in his Real Clear Energy article Celebrating American Independence With an All-Out Assault on Anti-Constitutional Climate Measures. Excerpts in italics with my bolds and added images. Now is the time to double down against the “Climate-Industrial Complex” with accelerated regulatory reforms that will hopefully endure beyond Donald Trump’s second […]
Time to Axe the Climate-Industrial Complex
No Beef, Lamb, Milk and Cheese Within 25 Years Under Net Zero, Government-Funded Report Confirms
19 Apr 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, health economics Tags: climate alarmism
Achieving Net Zero in 25 years would need a “complete transformation” of the UK’s agricultural and food system that would in effect mean a diet devoid of beef, lamb and all dairy products, according to the latest work from the Government-funded UK FIRES. Look at the research that governing elites commission and read, not what they say. UK FIRES takes an absolute view of Net Zero and bases its work on existing technologies, not the pie in the sky inventions still to come and the whacky schemes that cannot reach economic scale.
No Beef, Lamb, Milk and Cheese Within 25 Years Under Net Zero, Government-Funded Report Confirms
Strange alliances on alcohol vote
13 Apr 2025 Leave a comment
in economics of regulation, health economics, politics - New Zealand Tags: economics of prohibition
The House voted on the first reading of the bill by Kieran McAnulty’s bill to allow businesses that are allowed to open on public holidays to have normal alcohol sale conditions apply. It is a very common sense bill and passed 67 to 54. It is a personal vote, but it was interesting where the […]
Strange alliances on alcohol vote
NZ workplace safety experiment a breath of fresh air
12 Apr 2025 Leave a comment
in economics of regulation, health and safety, labour economics, law and economics, politics - New Zealand, property rights
Oliver Hartwich writes – One of the pleasures of my job as Executive Director of The New Zealand Initiative is hosting events with Ministers explaining their new policies to our members. Last week, we hosted Workplace Relations and Safety Minister Brooke van Velden at our annual retreat. I was impressed by the range of policies […]
NZ workplace safety experiment a breath of fresh air
Climate Change Weekly # 540 — ‘Cheap’ Wind and Solar Raise Electricity Prices
12 Apr 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: solar power, wind power
Multiple studies have demonstrated wind and solar power remain more expensive than historically traditional sources of electricity, such as coal, natural gas, nuclear, and hydropower, and Energy Information Administration data back that up—disproving claims by renewable energy profiteers and their lobbying groups. As coal plants have been prematurely retired and replaced by wind and solar, prices have risen and reliability has declined. The greater the forced (through renewable mandates) or incentivized (through subsidies, tax breaks, and tax credits) incursion of wind and solar into a state’s electric power supply, the higher and faster the costs rise.
Climate Change Weekly # 540 — ‘Cheap’ Wind and Solar Raise Electricity Prices
Finally common sense for drug approvals
12 Apr 2025 Leave a comment
in economics of bureaucracy, economics of regulation, health economics, politics - New Zealand, Public Choice
David Seymour announced: Associate Health Minister David Seymour is welcoming Cabinet’s decision to enable medicines to be approved in less than 30 days if the product has approval from two recognised overseas jurisdictions. This change is included in the Medicines Amendment Bill (the Bill), which amends the Medicines Act 1981. The pathway will be in […]
Finally common sense for drug approvals
When Genius Failed
10 Apr 2025 1 Comment
in applied price theory, business cycles, economic growth, economics of information, economics of regulation, entrepreneurship, financial economics, global financial crisis (GFC), history of economic thought, industrial organisation, macroeconomics, politics - USA
Myron Scholes was on top of the world in 1997, having won the Nobel Prize in economics that year for his work in financial economics, work that he had applied in the real world in a wildly successful hedge fund, Long Term Capital Management. But just one year later, LTCM was saved from collapse only […]
When Genius Failed
Resource Management and Property Rights
08 Apr 2025 Leave a comment
in applied price theory, economic history, economics of regulation, entrepreneurship, environmental economics, industrial organisation, law and economics, politics - New Zealand, property rights Tags: housing affordability, land supply
Brian Easton writes – While there have been decades of complaints – from all sides – about the workings of the Resource Management Act (RMA), replacing is proving difficult. The Coalition Government is making another attempt. To help answer the question, I am going to use the economic lens of the Coase Theorem, set out […]
Resource Management and Property Rights
Utopia, you are standing in it! 
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