From https://www.wsj.com/articles/small-business-and-the-fight-for-15-11576444625
Small business and @Fightfor15: @AOC @BernieSanders @SenWarren
16 Dec 2019 Leave a comment
in applied price theory, industrial organisation, labour economics, minimum wage, politics - USA, poverty and inequality, survivor principle Tags: 2020 presidential election, offsetting behaviour, The fatal conceit, unintended consequences
Must-Watch Video From Reason TV on How Free Markets – not Obamacare – Can Solve the Healthcare Mess
16 Dec 2019 Leave a comment
in health economics, industrial organisation, Public Choice, public economics Tags: health insurance
When I travel, particularly overseas, I run into a lot of people who are totally confused about the American healthcare system.
For all intents and purposes, they think the United States relies on the free market and that government (at least in the pre-Obamacare era) was largely absent.
When explaining how government has screwed up private health insurance, I talk about third-party payer and how genuinely private insurance works for home ownership and automobiles. And I cite examples of genuine free markets for cosmetic surgery and even (regardless of your views) abortion.
But from now on, I think I will simply tell people to watch this superb video…
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Walter E. Williams: Government, The Market, and Minorities
16 Dec 2019 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of education, entrepreneurship, health economics, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, privatisation, survivor principle, unemployment, welfare reform Tags: racial discrimination
Coase (1972) on market concentration
09 Dec 2019 Leave a comment
in applied price theory, industrial organisation, law and economics, survivor principle Tags: competition law
.@ProfDBernstein on a feminist proof by contradiction of the accuracy of stereotypes
07 Dec 2019 Leave a comment
Are market studies informative?
06 Dec 2019 Leave a comment
in econometerics, economic history, economics of regulation, entrepreneurship, financial economics, industrial organisation, law and economics, Sam Peltzman, survivor principle Tags: competition law
Champ and Freeman on bank capital reserves
05 Dec 2019 Leave a comment
in applied price theory, applied welfare economics, business cycles, economic history, economics of information, economics of regulation, financial economics, global financial crisis (GFC), great depression, great recession, industrial organisation, macroeconomics, monetary economics, politics - New Zealand, Public Choice, survivor principle Tags: adverse selection, agent principal problem, deposit insurance, economics of central banking, monetary policy, moral hazard, prudential regulation
What Do Entrepreneurs Actually Do?
05 Dec 2019 Leave a comment
in economic history, economics of information, entrepreneurship, fisheries economics, human capital, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, Marxist economics, occupational choice, organisational economics, personnel economics, politics - USA, poverty and inequality, property rights, Public Choice, public economics, survivor principle Tags: creative destruction, entrepreneurial alertness, superstar wages, superstars, top 1%
The wages of sin had a good run @USAMViceFund
01 Dec 2019 Leave a comment
in economics of regulation, energy economics, entrepreneurship, financial economics, health economics, industrial organisation, Public Choice, rentseeking, survivor principle Tags: efficient markets hypothesis, entrepreneurial alertness
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