QUESTION TO CLAUDE 3: The EU and China lag behind the US in economic dynamism, measured by start-up activity, number of unicorns, age of unicorns (younger indicates more rapid innovation), and in productivity growth. Can you document this and tell me why?ANSWER: Here is the data to document the economic dynamism gap between the US,…
Claude 3 on why the US leads China and the EU in economic dynamism
Claude 3 on why the US leads China and the EU in economic dynamism
21 May 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economics of regulation, entrepreneurship, growth miracles, industrial organisation, managerial economics, organisational economics, public economics, survivor principle Tags: taxation and entrepreneurship, taxation and investment
Nanny state
16 May 2024 Leave a comment
in economics of regulation, health economics, public economics Tags: economics of smoking
Legal Absurdities in Climate Policy: A Critical Review of Tilak Doshi’s Analysis
14 May 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, law and economics Tags: climate activists, climate alarmism
Such simplifications in judicial decisions risk setting dangerous precedents where policies are shaped not by empirical evidence but by judicial interpretations of contested scientific theories.
Legal Absurdities in Climate Policy: A Critical Review of Tilak Doshi’s Analysis
The work culture that is German, something about France too
10 May 2024 Leave a comment
in applied price theory, economics of regulation
In Germany, robots must obey the sabbath pic.twitter.com/vphLpXAA0e — Matthew Yglesias (@mattyglesias) April 25, 2024 As for Canada, “Justice Minister defends house arrest power for people feared to commit a hate crime in future.“
The work culture that is German, something about France too
More Good Results from Argentina
28 Apr 2024 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, Public Choice, rentseeking, unemployment Tags: Argentina

The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show. Here’s a brief excerpt. As you can see, I’m worried that Milei faces enormous obstacles. Argentina […]
More Good Results from Argentina
Is the Commerce Commission for consumers or suppliers
24 Apr 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, industrial organisation Tags: competition law, merger law enforcement
Max Salmon writes: Last week the Commerce Commission announced its concern with a proposed merger between Foodstuffs North Island and Foodstuffs South Island. Their concern is a decrease in competition in the market. It sounds crazy when you first hear it, but it’s even weirder when you see what the Commerce Commission is actually worried […]
Is the Commerce Commission for consumers or suppliers
Scotland to ditch key climate change target
21 Apr 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming Tags: Scotland

By Paul Homewood h/t Joe Public The Scottish government is to ditch its flagship target of reducing greenhouse gas emissions by 75% by 2030.
Scotland to ditch key climate change target
Shock Findings: Plastic Shopping Bags Cause Around Four Times Less ‘Carbon’ Emissions than Paper Substitutes
17 Apr 2024 Leave a comment
in economics of regulation, environmental economics, global warming Tags: climate alarmism, plastic bags
Almost everything that is being forced through, whether it be demonising plastic to blanketing the land and seas with giant wind turbines, makes little sense. They often cause more ecological harm than good, while the fudged finances backing many of the projects might shame Charles Ponzi.
Shock Findings: Plastic Shopping Bags Cause Around Four Times Less ‘Carbon’ Emissions than Paper Substitutes
NIMBYism explained
16 Apr 2024 Leave a comment
in economic history, economics of regulation, income redistribution, law and economics, politics - Australia, politics - New Zealand, politics - USA, property rights, public economics, rentseeking, transport economics, urban economics Tags: housing affordability, land supply, zoning
Germany Electric Car Sales Plummet 30% As Country Floats Idea Of Weekend Driving Ban!
14 Apr 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, transport economics, urban economics Tags: climate alarmism, Germany
The massive sales drop is bad news for the current German socialist-green government, which aims to have 15 million vehicles on the road by 2030. Currently there are just 1.4 million!
Germany Electric Car Sales Plummet 30% As Country Floats Idea Of Weekend Driving Ban!
Coffee’s Supply & Demand Dance during Prohibition
08 Apr 2024 Leave a comment
in applied price theory, economic history, economics of regulation, health economics Tags: economics of prohibition

I’ve written about coffee consumption during US alcohol prohibition in the past. I’ve also written about visualizing supply and demand. Many. Times. Today, I want to illustrate how to use supply and demand to reveal clues about the cause of a market’s volume and price changes. I’ll illustrate with an example of coffee consumption during […]
Coffee’s Supply & Demand Dance during Prohibition




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