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California dreaming no more
11 Dec 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, entrepreneurship, income redistribution, industrial organisation, labour economics, minimum wage, Public Choice, public economics Tags: California, Florida
Europe’s Largest Wind Farm Facing Bankruptcy
13 Nov 2023 Leave a comment
in energy economics, environmental economics, global warming, industrial organisation, survivor principle Tags: celebrity technologies, wind power
By Paul Homewood h/t Joe Public More bad news for the wind industry:. https://twitter.com/IntermittentNRG/status/1723692080801710475 What is different about this one is that the PPA forces the wind farm to buy power on the spot market, when the wind does not provide enough:
Europe’s Largest Wind Farm Facing Bankruptcy
Reflections on the TCU Capitalism versus Socialism Debate
08 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, industrial organisation, labour economics, law and economics, liberalism, libertarianism, Marxist economics, poverty and inequality, privatisation, property rights, Public Choice, public economics Tags: economics of socialism, Sweden
Two days ago at Texas Christian University, I debated Scott Sehon, chair of Bowdoin College’s Philosophy Department, on Capitalism versus Socialism. (Video forthcoming eventually). My opening statement was a slight variation on the one I wrote for an earlier debate on the same topic with Elizabeth Bruenig. Sehon’s opening statement was adapted from his Socialism:…
Reflections on the TCU Capitalism versus Socialism Debate
South Africa’s Slow, Inevitable March Towards Collapse
04 Nov 2023 Leave a comment
in development economics, economic history, economics of crime, energy economics, entrepreneurship, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, poverty and inequality, Public Choice, public economics, urban economics Tags: South Africa
Quotation of the Day…
29 Oct 2023 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle
Tweet… is from page 163 of the 1983 Third Edition of Douglass C. North’s, Terry L. Anderson’s, and Peter J. Hill’s Growth & Welfare in the American Past: A New Economic History: In both England and the United States, wood was one of the more important raw materials in the nineteenth century, providing a major…
Quotation of the Day…
Ronald Coase part 2: Markets Don’t Fail, They Fail to Exist
12 Oct 2023 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, history of economic thought, industrial organisation, law and economics, property rights, Ronald Coase, Ronald Coase, theory of the firm
Quotation of the Day…
07 Oct 2023 Leave a comment
in applied price theory, economic history, history of economic thought, industrial organisation Tags: competition and monopoly, competition law
Tweet… is from page 5 of Gabriel Kolko’s 1963 book, The Triumph of Conservatism: Contrary to the consensus of historians, it was not the existence of monopoly that caused the federal government to intervene in the economy [in the late 19th and early 20th centuries], but the lack of it. DBx: Market competition is astonishingly…
Quotation of the Day…
Why Sweden Isn’t an Example of Socialism
04 Oct 2023 Leave a comment
in economic growth, economic history, economics of regulation, history of economic thought, industrial organisation, labour economics, macroeconomics, welfare reform Tags: Sweden
When I meet Americans who self-identify as “socialists,” it is quite uncommon for them to advocate the abolition of private property and the “collective or governmental ownership and administration of the means of production and distribution of goods”–which is the dictionary definition of socialism. Instead most of the American “socialists” I meet favor a more…
Why Sweden Isn’t an Example of Socialism
Initial Reactions to the Amazon Antitrust Case
28 Sep 2023 Leave a comment
in industrial organisation, law and economics Tags: competition and monopoly, competition law
The Federal Trade Commission and 17 state attorneys general have sued Amazon.com, as the FTC press release says, “alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power.” The FTC complaint filed with the US District Court for…
Initial Reactions to the Amazon Antitrust Case
El Salvador and the elasticity of supply
11 Sep 2023 Leave a comment
in economics of crime, industrial organisation, law and economics
Many of you have written in and asked what I think of president Bukele throwing all those gang members (and possibly others) in jail without much due process. I do hope to learn more about this, including possibly with a trip to El Salvador later this year. In the meantime, I say let’s put aside […]
El Salvador and the elasticity of supply
Creative destruction
09 Sep 2023 Leave a comment
in financial economics, industrial organisation, survivor principle Tags: creative destruction
Utopia, you are standing in it! 
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