I’ve referred to “creative destruction” as the “best and worst part of capitalism.” This short video from the Fraser Institute is a good tutorial on the topic. The core message is that entrepreneurs improve our lives by coming up with new ideas, new technologies, and new products. That’s the good news. The bad news is […]
The Economics of Creative Destruction, Part II
The Economics of Creative Destruction, Part II
29 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, industrial organisation, survivor principle Tags: creative destruction
“We Don’t Do That Here.”: Former NY Times Editor Blasts the “Gray Lady” for Bias and Activism
28 Feb 2024 Leave a comment
in economics of information, economics of media and culture, entrepreneurship, industrial organisation, liberalism, Marxist economics, politics - USA, survivor principle Tags: free speech, media bias, political correctness, regressive left
Former New York Times editor Adam Rubenstein has a lengthy essay at The Atlantic that pulls back the curtain on the newspaper and its alleged bias in its coverage. The essay follows similar pieces from former editors and writers that range from Bari Weiss to Rubenstein’s former colleague James Bennet. The essay describes a similar […]
“We Don’t Do That Here.”: Former NY Times Editor Blasts the “Gray Lady” for Bias and Activism
Four Myths about Price Discrimination
26 Feb 2024 Leave a comment
in applied price theory, history of economic thought, industrial organisation Tags: competition and monopoly
In an earlier post, Soda Prices are Too Low for the FTC, the Biden Administration seems to be trying to turn back the clock to a time when price discrimination was viewed as bad. Lest we repeat the mistakes of the past, it is worthwhile to remember its lessons. See this 2003 talk by some middling FTC…
Four Myths about Price Discrimination
Government Intervention and Relative Prices
25 Feb 2024 Leave a comment
in economic history, economics of regulation, entrepreneurship, industrial organisation, macroeconomics
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see similar patterns in other countries. And we do. Here’s a chart from Matthew Lesh of the Institute for […]
Government Intervention and Relative Prices
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
@TaxpayersUnion Submission on the Fair Digital News Bargaining Bill
19 Feb 2024 Leave a comment
in economics of media and culture, industrial organisation, law and economics, property rights
Ford EV Crisis: “Our Gen 2 vehicles won’t launch unless we can … profit”
16 Feb 2024 1 Comment
in energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, Public Choice, rentseeking, survivor principle, transport economics Tags: electric cars
Death of the EV revolution?
Ford EV Crisis: “Our Gen 2 vehicles won’t launch unless we can … profit”
Creative destruction
13 Feb 2024 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction
EU mulls emergency aid for collapsing solar producers
05 Feb 2024 Leave a comment
in energy economics, environmental economics, global warming, industrial organisation, survivor principle Tags: European Union, solar power
By Paul Homewood h/t Dennis Ambler New Green Jobs Update! BRUSSELS — The European Commission is in early-stage talks on emergency measures to buoy drowning EU solar manufacturers who say Chinese subsidies are suffocating the industry, according to two people familiar with the matter. On Monday, the Commission will make a […]
EU mulls emergency aid for collapsing solar producers
Creative destruction
05 Feb 2024 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Creative destruction
31 Jan 2024 Leave a comment
in entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
Water metering – a small piece of silver buckshot
25 Jan 2024 Leave a comment
in economics of bureaucracy, environmental economics, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, survivor principle Tags: economics of networks, privatization
Chris Parker at Treasury sometimes quips that there are no silver bullets for solving housing in NZ, only pieces of silver buckshot. Basically you’ve got to do a lot of things to solve the problem; any one of them on their own won’t do it. I was on RNZ’s The Panel yesterday afternoon (here, from around…
Water metering – a small piece of silver buckshot
Creative destruction
23 Jan 2024 Leave a comment
in economic history, economics of information, entrepreneurship, industrial organisation, survivor principle Tags: creative destruction
📸 Look at this post on Facebook
https://www.facebook.com/share/R7xogU9mejANPGQZ/?mibextid=RXn8sy
Unfettered: Fishback 25 Years Later
17 Jan 2024 Leave a comment
in applied price theory, discrimination, economic history, economics of information, economics of regulation, health and safety, history of economic thought, human capital, industrial organisation, international economics, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, minimum wage, occupational choice, occupational regulation, poverty and inequality, unemployment, unions
A quarter century ago, economist Price Fishback published “Operations of ‘Unfettered’ Labor Markets: Exit and Voice in American Labor Markets at the Turn of the Century” in the prestigious Journal of Economic Literature. Fishback’s article is packed with insight… and understatement. But let’s back up. Virtually every standard history textbook describes U.S. labor markets before…
Unfettered: Fishback 25 Years Later
Going Flat? Bud Light Sales Still Down 28 Percent as Consumers Continue Boycott
15 Jan 2024 1 Comment
in industrial organisation, liberalism, Marxist economics, politics - USA, survivor principle, theory of the firm Tags: Age of Enlightenment, free speech, political correctness, regressive left
Beer analysts are saying that Bud Light is still struggling with the boycott that has reduced its sale by a whopping 28% over the four weeks leading up to Dec. 9 — and heading to the all-important New Year’s sale period. The tragic irony for the company is that Alissa Heinerscheid, vice president of marketing…
Going Flat? Bud Light Sales Still Down 28 Percent as Consumers Continue Boycott
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