#MiltonFriedman v. @berniesanders
05 Jun 2016 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, labour economics, macroeconomics, Milton Friedman, minimum wage, occupational choice, politics - USA, Public Choice, public economics Tags: 2016 presidential election, Leftover Left
Hayek on what determines market incomes
05 Jun 2016 Leave a comment
in applied price theory, entrepreneurship, F.A. Hayek, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: distributive justice, social justice
Big Mac Economics
04 Jun 2016 Leave a comment
in Austrian economics, economics, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: BigMac Index, entrepreneurial alertness, McDonald's, purchasing power parity
Paper Towns- Fake Places Made to Catch Copyright Thieves
02 Jun 2016 Leave a comment
in entrepreneurship, industrial organisation, law and economics, property rights, survivor principle Tags: entrepreneurial alertness, maps, patents and copyrights
How Budget Airlines Work
02 Jun 2016 Leave a comment
in applied price theory, economic history, entrepreneurship, transport economics Tags: budget airlines, entrepreneurial alertness
Few of the top 50 billionaires inherited their wealth
01 Jun 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, human capital, labour economics, poverty and inequality, unions Tags: entrepreneurial alertness, inherited wealth, superstar wages, superstars, top 0.1%, top 1%
Of the 15 inheritance based billionaires, three are from the Walton family, two are the Koch brothers and another three are from the Mars family.
Source: The world’s top 50 billionaires: A demographic breakdown.
Jonah Hill, ‘Moneyball’ (2011)
30 May 2016 Leave a comment
in entrepreneurship, movies, sports economics Tags: entrepreneurial alertness, Moneyball
Remember this every time the Left says the government invented the Internet
30 May 2016 Leave a comment
in comparative institutional analysis, economic history, economics of bureaucracy, entrepreneurship, industrial organisation, politics - USA, Public Choice, survivor principle Tags: entrepreneurial alertness, industry policy, Internet, picking roses, picking winners
Paul Samuelson and Milton Friedman on the social responsibilities of business
28 May 2016 Leave a comment
in applied price theory, entrepreneurship, labour economics Tags: entrepreneurial alertness, Paul Samuelson
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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
Source: Bonus Quotation of the Day… – Cafe Hayek from William Allen, The Midnight Economist.
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.
Utopia, you are standing in it! 
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