Source: Bonus Quotation of the Day… – Cafe Hayek from William Allen, The Midnight Economist.
Bill Allen on the profitability of discrimination against women
26 May 2016 Leave a comment
in applied price theory, discrimination, entrepreneurship, gender, labour economics Tags: employer discrimination, gender wage gap
The decline and decline of the rentier class in the USA
24 May 2016 Leave a comment
in economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
Looks like the Reagan Revolution coincided with the American rich going out to work for a living. They started earning most of their incomes from wages, salaries and pensions or from entrepreneurial income. The American rich are now working rich; top wage earners, not top income earners.
Source: The World Wealth and Income Database.
Share market capitalisation by marijuana industry sector
24 May 2016 Leave a comment
in entrepreneurship, financial economics, health economics Tags: creative destruction, efficient markets hypothesis, entrepreneurial alertness, marijuana decriminalisation, medical marijuana decriminalisation, R&D
Alex Epstein champions fossil fuels at the Senate
24 May 2016 Leave a comment
in development economics, economics, economics of religion, energy economics, entrepreneurship, environmental economics Tags: The Great Enrichment
% of top incomes from wages, salaries and pensions
23 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: entrepreneurial alertness, envy, superstar wages, superstars, top 1%, top incomes
Everybody from the top 10% to the top 0.01% have to work for their living these days with much of their income coming from wages.
Source: The World Wealth and Income Database.
Patents, Prizes, and Subsidies
20 May 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, entrepreneurship, law and economics, property rights Tags: patents and copyright
Dr Mark Pennington – ‘Robust Political Economy’
20 May 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of media and culture, economics of regulation, entrepreneurship, environmental economics, industrial organisation, liberalism Tags: offsetting behaviour, The fatal conceit, The pretence to knowledge
Rockefeller: The Richest American Who Ever Lived
16 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship Tags: superstars
What If There Were No Prices? Railroad Thought Experiment
15 May 2016 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, entrepreneurship Tags: market process
Is the Cost of Living Really Rising?
10 May 2016 Leave a comment
in economic history, economics of media and culture, entrepreneurship Tags: living standards, The Great Enrichment
Profits Are Progressive
10 May 2016 Leave a comment
in applied price theory, economics of media and culture, entrepreneurship, industrial organisation, survivor principle, theory of the firm Tags: anti-market bias, entrepreneurial alertness, profit and loss, rational irrationality, superstars
Utopia, you are standing in it! 
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