Celebrating humanity's flourishing through the spread of capitalism and the rule of law
12 Sep 2026 Leave a comment
in applied price theory, economic growth, economic history, economics of regulation, entrepreneurship, macroeconomics Tags: European Union
Regulation adds “clutter” to an economy, sort of akin to creating an obstacle course that workers and businesses have to navigate in order to be productive. In other words, red tape makes it harder to be profitable. And that reduces incentives to invest. And every economic theory agrees that less investment means less prosperity. That’s […]
The Pro-Growth Impact of Deregulation
07 Sep 2026 Leave a comment
in economics of education, economics of information, energy economics, entrepreneurship, industrial organisation
Eric Levitz, via Matt Yglesias. The post America is still poised for a data center boom appeared first on Marginal REVOLUTION.
America is still poised for a data center boom
07 Sep 2026 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, labour economics, labour supply, poverty and inequality, unemployment Tags: creative destruction
How much redistribution will AI require? A common scenario is that AI raises output enormously, but labor’s share of income collapses. GDP per capita goes up but workers get poorer, and making workers whole requires massive redistribution. In my latest paper, I run the numbers and conclude that this is probably incorrect. The idea is…
How Much Redistribution Will AI Require?
01 Sep 2026 Leave a comment
in applied price theory, Austrian economics, economics of information, entrepreneurship, F.A. Hayek, history of economic thought, industrial organisation, Ludwig von Mises, market efficiency, Ronald Coase, Ronald Coase, Ronald Coase, theory of the firm
The wealth and technological sophistication of modern society are readily apparent. Less visible, but no less remarkable, is its ability to coordinate the actions of billions of people who know almost nothing about one another’s circumstances. Every day we make decisions without possessing most of the information on which those decisions ultimately depend. We purchase…
‘The Use of Knowledge in Society,’ by Friedrich A. Hayek
28 Aug 2026 Leave a comment
in economic history, entrepreneurship Tags: The Great Enrichment
27 Aug 2026 Leave a comment
in economics of regulation, entrepreneurship, environmental economics, environmentalism, industrial organisation, law and economics, politics - USA, property rights, transport economics Tags: space
FAA moves to ensure regulatory processes serve genuine environmental interests rather than becoming a legal mechanism for undermining American space competitiveness. The post FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews appeared first on Watts Up With That?.
FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews
21 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, entrepreneurship, F.A. Hayek, history of economic thought, Israel Kirzner, market efficiency
19 Aug 2026 Leave a comment
in applied price theory, Austrian economics, economic history, economics of regulation, entrepreneurship, history of economic thought, industrial organisation, law and economics, Public Choice, regulation, rentseeking Tags: competition law
18 Aug 2026 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, industrial organisation Tags: space
Terzi & Nicoli have a fascinating new paper analyzing over 4,400 orbital launches since 1960 to estimate “Wright’s Law.” This law states that a new technology’s unit costs fall in proportion to cumulative experience. Essentially, it is an expression of learning-by-doing. They show:… that the average cost of sending a kilogram to orbit has dropped…
The Cost of Going to Space
13 Aug 2026 Leave a comment
in defence economics, entrepreneurship, technological progress, war and peace Tags: World War II
Hedy Lamarr, born Hedwig Eva Maria Kiesler in 1914 in Vienna, Austria, is best known for her work as a Hollywood actress during the Golden Age of cinema. However, her contributions to science and technology, particularly her co-invention of a technology that laid the groundwork for WiFi, Bluetooth, and GPS, have garnered increasing recognition. Lamarr’s […]
Hedy Lamarr and WiFi during World War II
09 Aug 2026 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation Tags: competition law
Brussels has found a new way to punish success. Today, the European Commission fined Google €890 million under the Digital Markets Act (DMA) for two familiar business practices—featuring its own products and charging for customers its platform helps attract. The Commission imposed €460 million for “self-preferencing,” or giving Google’s services prominent placement in search results,…
The Crime of Winning: How Europe’s DMA Punishes Google for Competing
01 Aug 2026 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation Tags: competition law
In 1992, the U.S. Supreme Court held in Eastman Kodak Co. v. Image Technical Services that a firm without market power in photocopiers might still possess market power in photocopier parts and service. The Court’s logic turned on opportunistic hold-up: Kodak could profit by trading short-run exploitation of locked-in customers for long-run losses in equipment…
‘Market Power in Antitrust: Economic Analysis after Kodak,’ by Benjamin Klein
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
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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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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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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
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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