A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
The Piketty-Saez-Zucman response to Auten and Splinter
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
California dreaming no more
11 Dec 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, entrepreneurship, income redistribution, industrial organisation, labour economics, minimum wage, Public Choice, public economics Tags: California, Florida
Argentina projection of the day
08 Dec 2023 Leave a comment
in development economics, economic growth, economics of regulation, entrepreneurship, financial economics, growth disasters, macroeconomics, monetary economics Tags: Argentina
Milei’s November election win — on a pledge to rapidly overhaul Argentina’s dysfunctional economy — has triggered a burst of market exuberance. The local Merval stock index is up 28 per cent, while prices for Argentina’s closely watched sovereign bonds maturing in 2030 — some of the most liquid — have risen 22 per cent…
Argentina projection of the day
David Seymour: Treaty principles, Pharmac, and being minister for regula…
26 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of regulation, entrepreneurship, health economics, law and economics, politics - New Zealand, property rights, public economics
America’s top one percent has not been seeing a rising income share
18 Nov 2023 Leave a comment
in economic history, entrepreneurship, human capital, income redistribution, labour economics, labour supply, occupational choice, poverty and inequality, Public Choice, public economics Tags: top 1%
That is the topic of my latest Bloomberg column. The opener is this: Can a single self-published paper really refute decades of work by three famous economists? If the paper is the modestly titled “Income Inequality in the United States: Using Tax Data to Measure Long-Term Trends,” then the answer — with qualifications — is yes. And…
America’s top one percent has not been seeing a rising income share
Caplan-Singer Debate Video
05 Nov 2023 Leave a comment
in economic growth, economics of education, entrepreneurship, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
A year ago, Jonah Franks, who runs Public Intellectuals for Charity, organized a debate between me and Peter Singer on “Do the rich pay their fair share?” I already posted my opening statement, my reflections on the debate, along with two follow-ups on Singer’s “Noble Lie.” The debate video itself, however, was gated for paying…
Caplan-Singer Debate Video
South Africa’s Slow, Inevitable March Towards Collapse
04 Nov 2023 Leave a comment
in development economics, economic history, economics of crime, energy economics, entrepreneurship, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, poverty and inequality, Public Choice, public economics, urban economics Tags: South Africa
More Evidence for Trump’s Corporate Tax Reform, Part I
03 Nov 2023 Leave a comment
in applied price theory, econometerics, economic growth, entrepreneurship, fiscal policy, macroeconomics, public economics Tags: taxation and investment
I’m very critical of bad policies we got during the Trump years, most notably profligacy and protectionism. But I shower praise on the good policies, such as the 2017 tax legislation (especially the lower corporate tax rate and the curtailing of the state and local tax deduction). Today, we’re going to focus on the positive. […]
More Evidence for Trump’s Corporate Tax Reform, Part I
Quotation of the Day…
29 Oct 2023 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle
Tweet… is from page 163 of the 1983 Third Edition of Douglass C. North’s, Terry L. Anderson’s, and Peter J. Hill’s Growth & Welfare in the American Past: A New Economic History: In both England and the United States, wood was one of the more important raw materials in the nineteenth century, providing a major…
Quotation of the Day…
Creative destruction
06 Sep 2023 Leave a comment
in entrepreneurship, financial economics, industrial organisation Tags: creative destruction
The risk the Greens’ wealth tax poses to our economy
21 Jul 2023 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - New Zealand, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
Most Valuable Companies in the World (1998-2023)
10 Jul 2023 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle
Utopia, you are standing in it! 
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