Source: New Zealand Treasury – data released under the Official Information Act.
KiwiRail commercial valuation since 2007 @JordNZ @dpfdpf
18 Feb 2016 Leave a comment
in industrial organisation, politics - USA, public economics Tags: KiwiRail, privatisation, state owned enterprises
How did Pinoy billionaires make their money?
18 Feb 2016 1 Comment
in applied welfare economics, economic history, entrepreneurship, financial economics, industrial organisation Tags: billionaires, entrepreneurial alertness, Philippines, superstars, top 1%
A surprisingly large number of Filipino billionaires are in the financial sector.
How did India’s billionaires make their fortunes
17 Feb 2016 Leave a comment
in applied welfare economics, development economics, economic history, economics of regulation, entrepreneurship, growth disasters, growth miracles, industrial organisation Tags: billionaires, entrepreneurial alertness, India, superstars, top 1%
A decent number of India’s billionaires founded a company.
How did British billionaires make their money
16 Feb 2016 Leave a comment
in applied welfare economics, economic history, economics of regulation, entrepreneurship, financial economics, human capital, industrial organisation, labour economics, poverty and inequality, survivor principle Tags: billionaires, British economy, entrepreneurial alertness, superstars, top 1%
Inheriting wealth is not what it used to be in Britain. There are all these upstarts running businesses or working in the City.
How did the Chinese billionaires make their money?
15 Feb 2016 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles, human capital, industrial organisation, labour economics Tags: billionaires, China, entrepreneurial alertness, superstars, top 1%
For Valentine’s Day, @ATabarrok presents I, Rose
14 Feb 2016 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics Tags: division of labour, spontaneous order
% billionaires who made their money through political connections or resource industries
13 Feb 2016 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, entrepreneurship, industrial organisation, poverty and inequality, privatisation, rentseeking, resource economics
The 1826 Billionaires in the Forbes 2015 list are classified as rich through political connections if they made their money through past political positions, close relatives or friends in government, or questionable licenses, privatisations or resource extraction industries.
All privatizations were included in the politically-connected/resource-related category despite my data source acknowledging the possibility that the new owners may have transformed the company. Resource billionaires were all deemed to be lucky or cronies by my data source rather than diligent as some most certainly were. This is something of a slur by my data source given the industriousness of some resource billionaires some of whom were even geologists.
Political cronyism is a path to billionaire wealth mainly in the developing countries. Less than 10% of Chinese billionaires made their money through political connections, which is surprising.
Cmon aussie c’mon original
13 Feb 2016 Leave a comment
in cricket, economic history, economics of information, economics of media and culture, entrepreneurship, industrial organisation, Ronald Coase, sports economics Tags: advertising, Australia, entrepreneurial alertness
Lynne Kiesling discusses Joseph Schumpeter
13 Feb 2016 Leave a comment
in entrepreneurship, history of economic thought, industrial organisation, Joseph Schumpeter
Colour films were initially thought to be uncompetitive on cost grounds
12 Feb 2016 Leave a comment
in economic history, entrepreneurship, industrial organisation Tags: creative destruction, Hollywood economics
Official and legal fees of starting a new business in OECD countries, World Bank Doing Business rankings, 2016
11 Feb 2016 Leave a comment
in industrial organisation, law and economics, property rights Tags: doing business
In some countries, the official and legal fees of setting up a business are trivial but in other countries they start to mount up.
Source: Data from the Doing Business Project – World Bank Group.
Ease of doing business in Europe, World Bank Doing Business 2016 rankings
10 Feb 2016 Leave a comment
in applied price theory, industrial organisation, law and economics, property rights Tags: doing business, EU, Europe
For a rich country, Luxembourg is a pretty crappy place to do business – worse than Greece. Mostly due to terrible rankings for the Luxembourg legal system. Italy is not much better.
Source: Ranking of economies – Doing Business – World Bank Group.
Creative destruction in smart phone market shares
09 Feb 2016 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, survivor principle Tags: cell phones, creative destruction, Iphone, smart phones
Regulating Monopolies: A History of Electricity Regulation
09 Feb 2016 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of religion, industrial organisation, law and economics, Public Choice, rentseeking, survivor principle Tags: competition law, electricity industry, natural monopolies, network industries
@OwenJones84 @K_Niemietz Venezuelan, Chilean and Chinese index of economic freedom rankings 2016
06 Feb 2016 Leave a comment
in development economics, economics of regulation, entrepreneurship, fiscal policy, growth disasters, growth miracles, industrial organisation, labour economics, law and economics, macroeconomics, monetary economics, property rights, public economics Tags: capitalism and freedom, Chile, China, The Great Escape, Venezuela
Utopia, you are standing in it! 
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