Entrepreneurial alertness in doomsday prophecies
31 Aug 2015 Leave a comment
in economics of media and culture, economics of religion, entrepreneurship Tags: cranks, entrepreneurial alertness doomsday prophets doomsday prophecies
Creative destruction in Silicon Valley
29 Aug 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: competition as a discovery procedure, creative destruction, efficient markets hypothesis, entrepreneurial alertness, ICT, Silicon Valley
Surging #SiliconValley — in 5 charts ow.ly/Qftvp http://t.co/1bGCz8G1dB—
(@AEI) July 29, 2015
Average Income for the top 0.01%
24 Aug 2015 Leave a comment
in economic history, entrepreneurship, financial economics Tags: creative destruction, entrepreneurial alertness, top 0.01%, top 0.1%, top 1%
Average Income for the top 0.01% since 1913 bit.ly/1wZhZHE #inequality http://t.co/a6w7xo2Kqq—
Catherine Mulbrandon (@VisualEcon) November 03, 2014
How Much Does it Cost to Clone Your Favorite App?
23 Aug 2015 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, technological progress Tags: apps, copyright, intellectual property, patents, Reverse engineering
Taxes on dividend income across the OECD
21 Aug 2015 Leave a comment
The U.S. places a high #tax on corporate income: tax.foundation/1Jf0ytp http://t.co/6inEfqftpQ—
Tax Foundation (@taxfoundation) August 18, 2015
The U.S. has the highest corporate income #tax rate in the developed world: tax.foundation/1WlGhIf http://t.co/Cp35sRwHjo—
Tax Foundation (@taxfoundation) August 13, 2015
The U.S. corporate #tax rate is out of line with our trading partners: tax.foundation/1UO4gy5 http://t.co/FzWDDTNrvC—
Tax Foundation (@taxfoundation) August 17, 2015
Should We Subsidize Scientific Research?
18 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, entrepreneurship, industrial organisation, Public Choice, rentseeking, survivor principle Tags: competition as a discovery procedure, economics of science, industry policy, losers, picking winners, R&D, The meaning of competition, The pretence the knowledge
Julian Simon and William Buckley on Cross–Fire
18 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economic history, energy economics, entrepreneurship, environmental economics, environmentalism, liberalism, resource economics Tags: commodity prices, creative destruction, entrepreneurial alertness, Julian Simon, peak oil, The Great Enrichment, The Great Escape, The Great Fact, William Buckley
The track record on banking on solar energy innovation becoming cost competitive
18 Aug 2015 Leave a comment
in economic history, energy economics, entrepreneurship, environmental economics, global warming, politics - USA, Public Choice, rentseeking Tags: Big Solar, creative destruction, green rent seeking, renewable energy, renewable resources, solar energy
Joseph Schumpeter on The Great Enrichment
18 Aug 2015 Leave a comment
in applied welfare economics, economic history, entrepreneurship, liberalism Tags: capitalism and freedom, creative destruction, Joseph Schumpeter, The Great Enrichment, The Great Escape, The Great Fact
Has the ‘Peak Oil’ drama peaked?
17 Aug 2015 Leave a comment
in economic history, energy economics, entrepreneurship, environmental economics, resource economics Tags: creative destruction, entrepreneurial alertness, peak oil, The Great Enrichment
Remember Peak Oil? Just a few years ago Green Party leaders Jeanette Fitzsimons and Russell Norman routinely issued warnings about ‘the world running out of oil’ and told us that we needed to move freight off roads and on to shipping and rail, and commuters out of cars and on to trains, buses and bicycles.
They weren’t alone of course. An April 2006 article in The Economist reported that:
For years a small group of geologists has been claiming that the world has started to grow short of oil, that alternatives cannot possible replace it and that an imminent peak in production will lead to economic disaster. In recent months this view has gained wider acceptance on Wall Street and in the media. Recent books on oil have bewailed the threat. Every few weeks, its seems, “Out of Gas”, “The Empty Tank” and “The Coming Economic Collapse: How You Can…
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Julian Simon on Resources, Growth and Human Progress
17 Aug 2015 Leave a comment
in applied welfare economics, development economics, economic history, energy economics, entrepreneurship, environmentalism, health economics, liberalism, resource economics Tags: capitalism and freedom, commodity prices, creative destruction, entrepreneurial alertness, Julian Simon, life expectancies, peak oil, The Great Enrichment, The Great Escape, The Great Fact
If Someone Replaced Your Car with a Prius, Would You Drive More?
17 Aug 2015 Leave a comment
in applied price theory, energy economics, entrepreneurship, environmental economics, industrial organisation Tags: offsetting behaviour, The fatal conceit, The pretense to knowledge, unintended consequences
The Canadians are coming! The Canadians are buying up our land! What has @NZGreens to say about that?
17 Aug 2015 Leave a comment
in economics of regulation, entrepreneurship, financial economics, politics - New Zealand Tags: Australia, Canada, China, FDI, Japan, Left-wing hypocrisy, left-wing popularism, New Zealand Greens, right-wing popularism
Canada was the largest source of foreign investment during the period, as its pension fund bought 18 properties in a portfolio from AMP and increased its stake in Kaingaroa Forest.
The benefits and costs of the @NZSuperFund since its inception
17 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, entrepreneurship, financial economics, fiscal policy, industrial organisation, labour economics, labour supply, macroeconomics, politics - New Zealand, public economics Tags: ageing society, company tax rate, deadweight cost of taxes, demographic crisis, efficient markets hypothesis, laffer curve, New Zealand superannuation fund, old age pensions, retirement savings, social insurance, sovereign wealth funds, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Most mutual funds still can't beat their benchmark read.bi/1GkTig1 http://t.co/r7ezoDGJbV—
BI Chart of the Day (@chartoftheday) June 03, 2015
The New Zealand Superannuation Fund, the sovereign wealth fund part funding New Zealand’s old-age pension from 2029/2030 onwards, has been a bit of a wild ride. Sometimes the earnings of the Fund were well below and sometimes earning well above the long-term bond rate.
![image_thumb[3]](https://utopiayouarestandinginit.com/wp-content/uploads/2015/08/image_thumb310.png "image_thumb[3]")
Source: New Zealand Superannuation Fund Annual Report 2014.
Since its inception, the Fund earned an average annual return of 9.78%, which was 5.06% above the long-term bond rate, and 1.03% above its reference portfolio.
No information was given in the annual report of the New Zealand Superannuation Fund on the marginal dead weight cost of the taxes raised to fund the New Zealand Superannuation Fund to see whether there is any net benefit to taxpayers from its establishment and continued operation.
The New Zealand Government has contributed $14.88 billion to the fund from prior its inception in 2001 to the suspension of contributions in 2009 by the incoming National Party Government.
Source: New Zealand Treasury.
Over the nine years in which contributions were made, the company tax rate of 28% could have easily been up to 10 percentage points lower.
The New Zealand Treasury estimates that a one percentage point cut in the company tax costs about $220 million in forgone revenue if there are no other changes to the tax system. These are static estimates that do not include any feedback from greater investment and higher growth.
The New Zealand Superannuation Fund must beat the market every single year to make up for the deadweight cost of its funding, a premium for the investment risk added to the Crown’s portfolio and the cost to New Zealand’s growth rate of higher than otherwise taxes on income, entrepreneurship and investment.
Source: Abolish the Corporate Income Tax – The New York Times.
Creative destruction in advertising revenue
16 Aug 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction, entrepreneurial alertness, legacy media
Soon American internet-ad revenue will surpass newspapers, magazines and billboards combined econ.st/1GjiIny http://t.co/17pxfdVWcE—
The World in 2015 (@EconWorldin) July 14, 2015
Utopia, you are standing in it! 
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