Celebrating humanity's flourishing through the spread of capitalism and the rule of law
25 Jan 2026 Leave a comment
in development economics, economic history, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, resource economics Tags: climate activists, climate alarmism, pessimism bias
For those who prefer reading, below is an excerpted transcript lightly edited from the interview, including my bolds and added images. Hey everyone, it’s Andrew Klavan with this week’s interview with Bjorn Lomborg. I met Bjorn, he probably doesn’t remember this, but I met him many, many years ago at Andrew Breitbart’s house. Andrew brought […]
Climate Change Economics, Skip the Hysteria (Lomborg)
17 Jan 2026 Leave a comment
in applied price theory, economics of regulation, history of economic thought, industrial organisation, law and economics, politics - USA, Richard Posner Tags: competition law
William M. Landes and Richard A. Posner’s 1981 Harvard Law Review article “Market Power in Antitrust Cases” is a true classic. Showing the value of interdisciplinary work within the law & economics tradition, it brought real clarity to what “market power” means and how courts should assess it—cutting through vague labels like “monopoly power” and…
‘Market Power in Antitrust Cases,’ by William M. Landes and Richard A. Posner
16 Jan 2026 Leave a comment
in economics of crime, economics of regulation, health economics, law and economics, politics - New Zealand Tags: economics of smoking
A comprehensive article in the SST about the rise in black market tobacco sales in NZ. Some extracts: This is again a reminder that prohibition doesn’t work, and neither does trying to tax something so much to prohibit it.
The black market crisis in tobacco
15 Jan 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - New Zealand, property rights Tags: climate activists
A guest post by Sean Rush: If you’ve read the headlines about Climate Clinic Aotearoa v Minister of Energy, you might believe a group of law students marched into the Supreme Court and reshaped New Zealand’s climate policy. The popular narrative suggests a solid victory to the students, with reports that the students created new law,…
Guest Post: No, the Supreme Court Didn’t Hand Climate Activists a Victory. It was an own goal.
14 Jan 2026 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, property rights, Public Choice, rentseeking, Thomas Sowell, urban economics Tags: housing affordability, land supply
Tweet… is from page 152 of Thomas Sowell’s Compassion Versus Guilt, a 1987 collection of some of his popular essays; specifically, it’s from Sowell’s June 14th, 1985, column titled “Chances versus Guarantees”: People who bought homes in a quiet little town often become resentful when other people begin moving in, expanding and changing the community.…
Quotation of the Day…
13 Jan 2026 Leave a comment
in economics of media and culture, economics of regulation, politics - USA
After the U.S. Supreme Court decided Free Speech Coalition v. Paxton last year, I wrote that the “broader war over age verification and parental consent online isn’t over.” As we head into 2026, that prediction looks right. The fight has shifted. Lawmakers have moved their focus from social-media platforms to app stores. But the basic…
Carding the Internet Still Isn’t Constitutional
11 Jan 2026 Leave a comment
in applied price theory, economics of regulation, financial economics, income redistribution, politics - USA, Public Choice, regulation, rentseeking
No, today’s column is not about Trump’s inane protectionism, which is definitely an example of economic illiteracy. It’s about another area where Trump is copying Joe Biden, channeling Elizabeth Warren, mind-melding with AOC, and acting like Bernie Sanders. Though it probably is indirectly connected with protectionism. “Affordability” has become a big issue, in part because […]
Trump’s Shameful Economic Illiteracy
06 Jan 2026 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, entrepreneurship, growth disasters, growth miracles, industrial organisation, labour economics, law and economics, politics - USA, property rights, Public Choice
Our colleague Thomas Stratmann writes about the political economy of Indian reservations in his excellent Substack Rules and Results. Across 123 tribal nations in the lower 48 states, median household income for Native American residents ranges from roughly $20,000 to over $130,000—a sixfold difference. Some reservations have household incomes comparable to middle-class America. Others face persistent…
Why Some US Indian Reservations Prosper While Others Struggle
04 Jan 2026 Leave a comment
in economic history, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: European Union
Simple arithmetic already raises red flags. EU emissions fell by 37% over the 33 years from 1990 to today. Achieving an additional 68% reduction in just 17 years would require nearly tripling the pace of decarbonization.
Think tank IREF: ‘Against All Rationality, the EU Persists in its Net-Zero Delusion’
01 Jan 2026 Leave a comment
in applied price theory, comparative institutional analysis, defence economics, economics of regulation, international economics, labour economics, labour supply, movies, television, TV shows, unions
This is not a “Star Wars vs Star Trek” post. I’m non-partisan. I enjoy both Star Wars and Star Trek about equally. And it turns out that I am not alone. Last December, John Hawkins (University of Canberra) wrote in The Conversation about what Star Wars can teach us about economics. This year, Hawkins (with Tesfaye…
What Star Wars AND Star Trek can teach us about economics
01 Jan 2026 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice Tags: nuisance suits
Anti-oil and gas advocates across the country have pursued litigation in recent years attempting to force the fossil fuel industry to pay for decades of financial damages the advocates claim were caused by climate change.
Climate activists v. the U.S. energy industry: Cases to watch in 2026
27 Dec 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, industrial organisation, labour economics, liberalism, libertarianism, macroeconomics, Public Choice, rentseeking, unemployment Tags: Argentina
As explained in my four-part series (here, here, here, and here) and in this clip from a recent interview, Javier Milei’s first two years have been amazingly successful. There are two points in the interview that deserve emphasis. First, Javier Milei’s libertarian policies already have been extremely beneficial for the Argentine economy. Inflation has dramatically […]
Celebrating Two Years of Libertarian Success in Argentina
25 Dec 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice, transport economics Tags: electric cars
Rationing gasoline and diesel under the Climate Act is a predictable prescription for chaos. It is the mobility these motor fuels provide that guarantees rationing to meet the 2030 emissions target will not work.
Fuel rationing chaos looms in New York State
25 Dec 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: climate alarmism
The real misinformation has been repeated predictions of apocalypse, fabricated links between bad weather and a harmless gas necessary for life on Earth and attacks on the reputations of those who question climate orthodoxy.
Panic-Stricken Climate Alarmists Resort to Bolder Lies
23 Dec 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of education, economics of natural disasters, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice Tags: climate alarmism
The Trump administration took a major whack at the climate-industrial complex this week. It’s a fantastic move. But another event this week spotlights the need to do more.
STEVE MILLOY: Trump Dismantles Climate-Industrial Complex
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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