Genetic testing identifies disease risk, enabling individuals to dodge environmental triggers, optimize treatments, and improve planning. Yet, the fear of increased insurance premiums deters many from undergoing tests. Genetic testing offers societal benefits but also presents significant distributional challenges. To address this, my 1994 paper proposed the idea of genetic insurance. For a small fee […]
Genetic Insurance
Genetic Insurance
28 Feb 2024 Leave a comment
in applied price theory, economics of information, entrepreneurship, health economics Tags: adverse selection, health insurance, moral hazard, screening, self-selection, signaling
Government Intervention and Relative Prices
25 Feb 2024 Leave a comment
in economic history, economics of regulation, entrepreneurship, industrial organisation, macroeconomics
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see similar patterns in other countries. And we do. Here’s a chart from Matthew Lesh of the Institute for […]
Government Intervention and Relative Prices
Orsted’s Financial Collapse Spells Armageddon For US Offshore Wind Industry
17 Feb 2024 Leave a comment
in energy economics, entrepreneurship, environmental economics, financial economics, global warming, politics - USA Tags: celebrity technologies, wind power
When the most heavily subsidised industry on earth can’t make it pay, you know the economics must really stink. Denmark’s Ørsted share price plummeted 25% late last year, and after slashing dividends to shareholders was forced to write $billions off the projected value of its US offshore projects, and its share price is still heading south. Exhibiting […]
Orsted’s Financial Collapse Spells Armageddon For US Offshore Wind Industry
Florida’s One-Man Laffer Curve
16 Feb 2024 Leave a comment
in applied price theory, entrepreneurship, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Inflation is having an effect on everything, even policy analysis. Back in 2013, I wrote that Phil Mickelson was “California’s One-Man Laffer Curve” because he wanted to escape the Golden State to save about $1.2 million per year in taxes. But now, when a goose that lays golden eggs wants to escape, the numbers are […]
Florida’s One-Man Laffer Curve
Ford EV Crisis: “Our Gen 2 vehicles won’t launch unless we can … profit”
16 Feb 2024 1 Comment
in energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, Public Choice, rentseeking, survivor principle, transport economics Tags: electric cars
Death of the EV revolution?
Ford EV Crisis: “Our Gen 2 vehicles won’t launch unless we can … profit”
Creative destruction
13 Feb 2024 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction
The West’s humiliating electric car climbdown has begun
07 Feb 2024 1 Comment
in energy economics, entrepreneurship, environmental economics, global warming, transport economics Tags: electric cars
By Paul Homewood Ambitious plans for an electrification-led industrial revolution are in full-scale retreat France’s President Macron had a plan to make millions of electric vehicles a year. Chancellor Scholz planned to put 15 million on Germany’s roads by 2030. President Biden trumped the lot with a $174bn (£138bn) plan to make […]
The West’s humiliating electric car climbdown has begun
Creative destruction
05 Feb 2024 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Breaking the Culture of Welfare Dependency
02 Feb 2024 Leave a comment
in comparative institutional analysis, development economics, economic history, economics of education, entrepreneurship, health economics, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, property rights, Public Choice, unemployment, welfare reform Tags: Canada
One hope that has occasionally been expressed since the beginning of the modern era of Treaty of Waitangi (ToW) settlements, has been that the Iwi showered with money and empowered with control of hundreds of millions or even billions of dollars worth of assets, would be able to then make a difference to all the […]
Breaking the Culture of Welfare Dependency
“Independent education consultants” help high school students and their parents navigate the competitive college-admissions process (creative destruction and how the economy just keeps creating new types of occupations & professions)
01 Feb 2024 Leave a comment
in economics of education, entrepreneurship Tags: college wage premium
See Inventing the Perfect College Applicant: For $120,000 a year, Christopher Rim promises to turn any student into Ivy bait by Caitlin Moscatello. This is a fascinating article, even beyond the issue I focus on. Excerpts:”For the past nine years, Rim, 28, has been working as an “independent education consultant,” helping the one percent navigate the…
“Independent education consultants” help high school students and their parents navigate the competitive college-admissions process (creative destruction and how the economy just keeps creating new types of occupations & professions)
Creative destruction
31 Jan 2024 Leave a comment
in entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Creativity
25 Jan 2024 Leave a comment
in economic history, entrepreneurship, transport economics Tags: space
📸 Look at this post on Facebook
https://www.facebook.com/share/Z3YCjKcPoG8jbUCE/?mibextid=RXn8sy
Doing the jobs the SF cops won’t do
23 Jan 2024 Leave a comment
in economics of crime, entrepreneurship, law and economics Tags: crime and punishment, law and order
Back in the lockdown depths of 2020 I posted about series of YouTube videos made by a former NASA engineer called Mark Rober who had built a fantastic set of squirrel mazes and then videoed the little buggers getting around his obstacles to get to the bowls of nuts that were the prize. But I’d […]
Doing the jobs the SF cops won’t do
Creative destruction
23 Jan 2024 Leave a comment
in economic history, economics of information, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
📸 Look at this post on Facebook
https://www.facebook.com/share/R7xogU9mejANPGQZ/?mibextid=RXn8sy
A boom
22 Jan 2024 Leave a comment
in development economics, economic history, entrepreneurship, financial economics, growth disasters, growth miracles Tags: India
📸 Look at this post on Facebook
https://www.facebook.com/share/utqMWmwSv6CsNYNR/?mibextid=RXn8sy
Utopia, you are standing in it! 
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