And at what margin? A new ideological struggle is brewing, yet we have not yet recognized it as such. The question is to what extent cities are for tourists, or for their current residents. Here is a report from Vermont: A Vermont town known for its autumn foliage has closed its roads to the public […]
Are cities for tourists or residents?
Are cities for tourists or residents?
03 Jan 2024 1 Comment
in economics of regulation, industrial organisation, transport economics, urban economics
Quotation of the Day…
01 Jan 2024 Leave a comment
in applied price theory, Austrian economics, behavioural economics, economic history, history of economic thought, human capital, industrial organisation, labour economics, labour supply, occupational choice Tags: capitalism and freedom, evolutionary psychology, The Great Enrichment
Tweet… is from my emeritus Nobel-laureate colleague Vernon Smith‘s splendid speech “Human Betterment Through Globalization,” delivered in September 2005 at the Irvington-on-Hudson then-headquarters of the Foundation for Economic Education: The challenge is that we all function simultaneously in two overlapping worlds of exchange. First, we live in a world of personal, social exchange based on…
Quotation of the Day…
Buick Dealers Fleeing the Net Zero EV Revolution
31 Dec 2023 Leave a comment
in energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, survivor principle
“… we’ve given dealers who are not aligned with Buick’s future to exit voluntarily in a respectful and structured way …”
Buick Dealers Fleeing the Net Zero EV Revolution
Entrepreneurship
31 Dec 2023 Leave a comment
in economic history, entrepreneurship, industrial organisation, sports economics, survivor principle Tags: entrepreneurship
📸 Look at this post on Facebook
https://www.facebook.com/share/oodJT3KzFfpEQd4n/?mibextid=RXn8sy
24 Dec 2023 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, movies, survivor principle, television Tags: creative destruction
The strategy that saved the NY Times
17 Dec 2023 Leave a comment
in economics of media and culture, industrial organisation, survivor principle Tags: political correctness, regressive left
Economist: The new New York Times was the product of two shocks – sudden collapse, and then sudden success. The paper almost went bankrupt during the financial crisis, and the ensuing panic provoked a crisis of confidence among its leaders. Digital competitors like the HuffPost were gaining readers and winning plaudits within the media industry as innovative. They were the…
The strategy that saved the NY Times
Creative destruction
13 Dec 2023 Leave a comment
in development economics, economic history, growth miracles, industrial organisation Tags: creative destruction
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…
Recent Comments