TVs are very cheap
01 Apr 2025 Leave a comment
in economic history, entrepreneurship Tags: The Great Enrichment
Ninth Circuit Upholds California’s Ban on “Large Capacity” Magazines
31 Mar 2025 Leave a comment
in economics of crime, entrepreneurship, industrial organisation, law and economics, property rights Tags: gun control
In a decision that could well find itself before the Supreme Court, the United States Court of Appeals for the Ninth Circuit upheld California’s ban on “large capacity” magazines. In a rare move, Judge Lawrence Van Dyke offered a video dissent to the majority opinion.
Ninth Circuit Upholds California’s Ban on “Large Capacity” Magazines
Beating the market
23 Mar 2025 Leave a comment
in econometerics, economics of information, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, passive investing
Must be a lot of them about
15 Mar 2025 Leave a comment
in economic history, economics of media and culture, entrepreneurship, monetary economics Tags: Roman empire
*Progressive Myths*: The Kling Club Convo
14 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, entrepreneurship, history of economic thought, income redistribution, industrial organisation, labour economics, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, rentseeking Tags: The Great Enrichment
Long ago, I co-blogged for EconLog with Arnold Kling. Now he’s running a book club for Liberty Fund. Last month, Arnold invited me and philosopher Rachel Ferguson to discuss Mike Huemer’s new Progressive Myths. Enjoy!
*Progressive Myths*: The Kling Club Convo
Boettke on the Socialist Calculation Debate
14 Mar 2025 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, economics of information, entrepreneurship, history of economic thought, industrial organisation, law and economics, property rights Tags: economics of planning
An excellent EconTalk episode with Pete Boettke on the socialist calculation debate. I like Boettke on the three Ps. The three Ps–property, prices, and profits and loss. Property incentivizes us. Prices guide us. Profits lure us to new changes and losses discipline us. Today, “incentives matter” is often considered the first lesson of economics. But […]
Boettke on the Socialist Calculation Debate
Working paper: Why nationalize the production of public goods?
09 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, entrepreneurship, health economics, history of economic thought, Public Choice, public economics, rentseeking
I have a new working paper out. It proposes a price theory-based explanation of why states nationalize the production of “public goods” (i.e., non-excludable and non-rivalrous). This is different than existing explanations as the theory ignores whether private provision is efficient or superior to public provision. I call it the “redistributive engine” theory whereby the […]
Working paper: Why nationalize the production of public goods?
The Licensing Racket
08 Mar 2025 Leave a comment
in applied price theory, economics of bureaucracy, entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, occupational choice, occupational regulation, property rights, Public Choice, rentseeking
I review a very good new book on occupational licensing, The Licensing Racket by Rebecca Haw Allensworth in the WSJ. Most people will concede that licensing for hair braiders and interior decorators is excessive while licensing for doctors, nurses and lawyers is essential. Hair braiders pose little to no threat to public safety, but subpar […]
The Licensing Racket
Driving a Stake Through Stakeholder Capitalism
07 Mar 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, politics - USA Tags: climate activists, greenwashing, regressive left
E, S, G does not cover core financial risks. We’re looking to assess financially-relevant environmental, social and governance factors, not financially-relevant financial factors.” Got that? Yup. It’s total hogwash.
Driving a Stake Through Stakeholder Capitalism
The 2023 Merger Guidelines Will Remain: What Does That Mean?
03 Mar 2025 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation, politics - USA, survivor principle Tags: 2024 presidential election, competition law, merger law enforcement
Under current law, any US companies considering a merger or acquisition that is above $125 million in size must first report it to the government. The most recent data for 2023 says that 1,805 such transactions were reported in 2023, which was a relatively low number for recent years. In 2021 and 2022, for example,…
The 2023 Merger Guidelines Will Remain: What Does That Mean?
BP Faces “Existential Crisis” After Ruinous Attempt to Go Green
02 Mar 2025 Leave a comment
in applied price theory, economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, industrial organisation, politics - USA, survivor principle Tags: 2024 presidential election, climate activists, climate alarmism, efficient markets hypothesis, greenwashing
BP’s green pivot has backfired spectacularly, hammering profits and leaving the company vulnerable to a hedge fund siege, writes Jonathan Leake in the Telegraph.
BP Faces “Existential Crisis” After Ruinous Attempt to Go Green
Bands away
28 Feb 2025 Leave a comment
in entrepreneurship, labour economics, labour supply, Music Tags: creative destruction
The American Rōnin: How Displaced “Disinformation Experts” Are Seeking New Opportunities in Europe and Academia
27 Feb 2025 Leave a comment
in economics of bureaucracy, economics of education, economics of information, economics of media and culture, entrepreneurship, financial economics, industrial organisation, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, rentseeking Tags: 2024 presidential election, free speech, political correctness, regressive left
Below is my column in the Hill on the new American emigres: “disinformation experts” who are finding themselves unemployed with the restoration of free speech protections. Here is the column:
The American Rōnin: How Displaced “Disinformation Experts” Are Seeking New Opportunities in Europe and Academia
BP To Abandon Green Targets
25 Feb 2025 Leave a comment
in economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, global warming Tags: climate alarmism
By Paul Homewood From the Telegraph:
BP To Abandon Green Targets
The Royal Society Moves to Expel Musk Over His Political Views
21 Feb 2025 Leave a comment
in economics of education, entrepreneurship, law and economics, liberalism, Marxist economics, property rights, transport economics Tags: free speech, political correctness, regressive left, space
Founded in 1660, the Royal Society is one of the most prominent scientific organizations in the world with associations to such luminaries as Sir Isaac Newton and Charles Darwin. Despite that proud history, British scientists are pushing to politicize the society and expel Elon Musk because they disagree with his political views. It is not […]
The Royal Society Moves to Expel Musk Over His Political Views
Utopia, you are standing in it! 
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