TweetHere’s a letter to AP Fact Check. Editor: Melissa Goldin does a deep dive into the cause(s) of the U.S. “agricultural trade deficit” (“FACT FOCUS: Trump blames Biden for the agricultural trade deficit. It’s not that simple,” December 10). To what extent is this “deficit” caused by the policies of Biden? To what extent is…
Humanity Has a Huge Surplus of Economic Misunderstanding
Humanity Has a Huge Surplus of Economic Misunderstanding
13 Dec 2025 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tarrifs
Evaluating the Sale of Warner Bros Discovery to Netflix from an Antitrust Perspective
09 Dec 2025 1 Comment
in applied price theory, economics of regulation, industrial organisation, market efficiency Tags: competition law
Warner Bros. Discovery (WBD) has announced that it is selling its major assets to Netflix, including Warner Bros. Pictures (home of Harry Potter), DC Studios, and HBO Max. Netflix was chosen among a group of bidders that also included Paramount and Comcast. This post explores some of the antitrust issues and hurdles that a combined…
Evaluating the Sale of Warner Bros Discovery to Netflix from an Antitrust Perspective
Antitrust at the Agencies: Meta Analysis Edition
09 Dec 2025 Leave a comment
in applied price theory, economics of regulation, industrial organisation, law and economics, politics - USA Tags: competition law
The memorandum and order in FTC v. Meta Platforms Inc. that U.S. District Court Judge James E. Boasberg filed Nov. 18, ruling in favor of Meta, has now been followed by a Dec. 2 revised order that contained fewer redactions. The memorandum doesn’t exactly provide the law & economics analysis I would have produced, had…
Antitrust at the Agencies: Meta Analysis Edition
Media bias in New Zealand yet again
08 Dec 2025 Leave a comment
in economics of information, economics of media and culture, industrial organisation, politics - New Zealand, survivor principle Tags: media bias
Chris McVeigh writes – If you took a double at the TAB, with the Pope getting married as one leg and Radio New Zealand admitting to a smidgen of left wing partiality as the other, you could be forgiven for thinking that the smart money would be on the Vatican gig bringing home the bacon […]
Media bias in New Zealand yet again
Metrics, Markets, and Merger Scrutiny: A Netflix-WBD Combination
06 Dec 2025 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation, politics - USA Tags: competition law, creative destruction
This morning’s announced merger between Netflix and Warner Bros. Discovery (WBD) would create a global media company of unprecedented scale. The transaction will also almost certainly attract scrutiny from antitrust regulators—most likely the U.S. Justice Department (DOJ) Antitrust Division, rather than the Federal Trade Commission (FTC). The deal would offer a direct test of the…
Metrics, Markets, and Merger Scrutiny: A Netflix-WBD Combination
Is Competitiveness Transforming Competition Policy?
06 Dec 2025 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation, international economics Tags: competition law, creative destruction
Nations around the world are reassessing antitrust policy (generally called “competition policy” overseas). Governments, regulators, and industry leaders are increasingly asking whether traditional antitrust enforcement is holding back the “competitiveness” of domestic firms. The term now shows up in speeches by European commissioners, in UK government directives, in U.S. merger battles, and in Canadian legislative…
Is Competitiveness Transforming Competition Policy?
What should we sell?
02 Dec 2025 Leave a comment
in applied price theory, industrial organisation, politics - New Zealand, privatisation
Newsroom has an article on the 10 SOEs that a Government could sell. I’ve done a matrix looking at which could be best to sell. Asset Competitive Value Sensitivity Prospects QV B $54m D Y Landcorp A $1.6b B Y AsureQuality B $100m C Y Kordia B $62m C Y Kiwibank B $2.6b A Y…
What should we sell?
Who Won the Socialist Calculation Debate (with Peter Boettke) 2/17/25
29 Nov 2025 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, development economics, economic history, economics of information, entrepreneurship, F.A. Hayek, history of economic thought, industrial organisation, law and economics, Ludwig von Mises, market efficiency, property rights, survivor principle, Thomas Sowell
The terrible Supreme Court decision on Uber
28 Nov 2025 Leave a comment
in applied price theory, economics of regulation, industrial organisation, labour economics, labour supply, occupational choice, politics - New Zealand, transport economics, urban economics Tags: employment law
The Supreme Court has ruled that four Uber drivers are employees of Uber, despite written agreements they are contractors, not employees. The practical effect of this decision is terrible. Uber has been great for passengers. Not only can we hold drivers to account through ratings, we save a lot of money. An Uber to the…
The terrible Supreme Court decision on Uber
The Flaw at the Core of the Supreme Court’s Uber Decision
25 Nov 2025 Leave a comment
in economics of regulation, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - New Zealand, Public Choice, rentseeking, transport economics, urban economics Tags: creative destruction, employment law
Roger Partridge writes – The Supreme Court’s Uber judgment (Rasier Operations BV v E Tū Inc [2025] NZSC 162) has delivered clarity of a sort. The Court dismissed Uber’s appeal, upholding the finding that the drivers involved in the proceedings are employees when logged into the Uber app. Yet the decision is deeply flawed. The Court […]
The Flaw at the Core of the Supreme Court’s Uber Decision
Should We Privatise More Government Businesses?
24 Nov 2025 Leave a comment
in applied price theory, comparative institutional analysis, financial economics, history of economic thought, industrial organisation, politics - New Zealand, privatisation
Pragmatic analysis says maybe we should, but we should also consider nationalisation. We should certainly consider better regulation. Brian Easton writes – An earlier column argued that we should make the government’s net worth – the value of its assets less its liabilities – more prominent in fiscal policy. Net worth is also fundamental when we are […]
Should We Privatise More Government Businesses?
Was Brexit a Mistake?
24 Nov 2025 Leave a comment
in applied price theory, economic growth, economics of regulation, industrial organisation, international economics, macroeconomics Tags: Brexit
I supported Brexit for two reasons. The European Union is a sinking ship and a vote for Brexit spares British taxpayers from being on the hook when massive bailouts occur. Leaving the European Union would give the United Kingdom more leeway to choose a pro-market, Singapore-on-Thames policy agenda. The good news is that Point #1 […]
Was Brexit a Mistake?
If this is employment law, the law needs to change
22 Nov 2025 Leave a comment
in economics of regulation, industrial organisation, labour economics, labour supply, law and economics, managerial economics, occupational choice, organisational economics, personnel economics, politics - New Zealand, property rights, Public Choice, transport economics, urban economics Tags: employment law
Eric Crampton writes – Yesterday [November 17], the Supreme Court ruled that Uber did not merely facilitate connections between four drivers and their various passengers – as Uber has maintained. And that the four drivers were not contractors for Uber either. Instead, those drivers were Uber employees while logged into the app.
If this is employment law, the law needs to change
Nobel Prize Winners’ Work Supports Dynamic Antitrust Enforcement
21 Nov 2025 Leave a comment
in applied price theory, economic growth, entrepreneurship, history of economic thought, industrial organisation, macroeconomics, survivor principle Tags: creative destruction
Antitrust should center on dynamic market forces that drive major technological change, rather than on static “big is bad” market analysis, based on the work of the 2025 economics Nobel Prize winners. Antitrust enforcers in the United States and around the world could benefit by incorporating these insights into their policy development. Focus on Dynamic […]
Nobel Prize Winners’ Work Supports Dynamic Antitrust Enforcement
‘Limits of Antitrust’ by Frank Easterbrook
20 Nov 2025 Leave a comment
in history of economic thought, industrial organisation, law and economics Tags: competition law
The Core Argument: Markets Beat Courts at Correcting Monopoly Frank H. Easterbrook’s 1984 Texas Law Review article “Limits of Antitrust” advances a deceptively simple thesis that fundamentally reoriented competition policy: antitrust law should recognize its own institutional limitations and design rules accordingly. The article contains two central insights. The first is that, because “antitrust is […]
‘Limits of Antitrust’ by Frank Easterbrook
Utopia, you are standing in it! 
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