Celebrating humanity's flourishing through the spread of capitalism and the rule of law
13 Oct 2024 Leave a comment
in applied price theory, income redistribution, industrial organisation, Public Choice, public economics, rentseeking, survivor principle
Industrial policy is when politicians and bureaucrats use various combinations of tax, spending, and regulatory policies to steer the economy. In other words, they are putting their thumbs on the scale to pick winners and losers. It means replacing the “invisible hand” of the market with the “grabbing hand” of politics. I’m motivated to write […]
Industrial Policy: The Triumph of Hope over Experience
10 Oct 2024 Leave a comment
in energy economics, environmental economics, global warming, industrial organisation, politics - USA, survivor principle Tags: solar power, wind power
Global emissions are at records, while shift away from fossil fuels slows amid high costs, surging power demandSee By Ed Ballard and Amrith Ramkumar of The WSJ.Keeping the air clean is laudable goal, but the benefit of actions in this area need to outweigh the costs.Excerpts from the article:”Renewable energy is growing faster than expected.…
America’s Ambitious Climate Plan Is Faltering
09 Oct 2024 Leave a comment
in applied price theory, economics of media and culture, economics of regulation, entrepreneurship, industrial organisation, law and economics, politics - New Zealand, property rights, survivor principle Tags: creative destruction, legacy media
New Zealand’s newspaper chiefs’ views on how the Fair Digital News Bargaining Bill works is somewhat at odds with the text of the Bill. Google today, admirably, said they’ll stop linking to New Zealand news outlets in search if the Bill goes ahead. News Publishers’ Association’s Andrew Holden and Stuff’s Sinead Boucher aren’t happy about that. But…
What planet are they on?
09 Oct 2024 1 Comment
in economic history, industrial organisation, Music, survivor principle
06 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, international economics, labour economics, law and economics, liberalism, Marxist economics, poverty and inequality, property rights, Public Choice, rentseeking, survivor principle Tags: Argentina, Chile, Poland, regressive left, Venezuela
About 10 days ago, i showed that Milton Friedman was a much better economist than Joseph Stiglitz by comparing Chile (which followed Friedman’s ideas) and Venezuela (which followed Stiglitz’s ideas). It was a slam-dunk win for Friedman. Chile started poor and has become relatively prosperous. The opposite happened in Venezuela, which started relatively prosperous and […]
Friedman vs Stiglitz: Estonia and Poland vs. Argentina and Venezuela
03 Sep 2024 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction
31 Aug 2024 1 Comment
in applied price theory, econometerics, economic history, entrepreneurship, history of economic thought, industrial organisation, survivor principle Tags: creative destruction
The differences between the most and least productive companies can be startlingly high. By one estimate, in the US alone the most productive firms in a sector can be more than two to four times more cost-effective than the least productive ones. Given the size of those discrepancies, any expansion of trade or innovation that makes […]
It is wonderful to put inefficient firms out of business
28 Aug 2024 1 Comment
in entrepreneurship, industrial organisation, survivor principle, television, TV shows Tags: media bias
26 Aug 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, industrial organisation, politics - USA, survivor principle Tags: biofuels
…the biofuel experiment has left behind a trail of bankruptcies, environmental degradation, and unfulfilled promises.
The Cascade of Failures in the Biofuel Industry: A Case of Economic and Environmental Mismanagement
22 Aug 2024 Leave a comment
in applied price theory, economic history, economics of education, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, liberalism, managerial economics, market efficiency, occupational choice, organisational economics, personnel economics, politics - USA, poverty and inequality, survivor principle Tags: CEO pay, superstar wages
CEO compensation at large firms is high, especially in comparison to average worker wages, sparking debates over income inequality. Critics argue that such pay packages are unfair and disproportionate to actual company performance. Proponents contend that high pay reflects productivity and is necessary to attract scarce top talent to large firms. Let’s go to the […]
Why Top CEOs Earn Big Paychecks
20 Aug 2024 Leave a comment
in economic growth, economic history, gender, history of economic thought, industrial organisation, labour economics, labour supply, macroeconomics, market efficiency, occupational choice, survivor principle, unemployment Tags: creative destruction
My tradition on this blog is to take a break (mostly!) from current events in the later part of August. Instead, I pre-schedule daily posts based on things I read during the previous year about three of my preoccupations: economics, editing/writing, and academia. With the posts pre-scheduled, I can then relax more deeply when floating…
Telephone Operators: The Elimination of a Job
10 Aug 2024 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, income redistribution, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - USA, property rights, Public Choice, public economics, regulation, rentseeking, survivor principle, theory of the firm Tags: barriers to entry, creative destruction, taxi regulation
The idea behind Uber first arose, the story goes, on a snowy evening in Paris back around 2008, when Travis Kalanick and Garrett Camp found themselves stuck in Paris on a snowy evening, unable to find a taxi. They wondered “What if you could request a ride simply by tapping your phone?” They co-founded Uber based…
The Creation of Ride-sharing and the Creativity of Markets
06 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of education, health economics, industrial organisation, politics - New Zealand, Public Choice, public economics, survivor principle
Oliver Hartwich writes – New Zealand’s government sacked the entire board of Health New Zealand (Te Whatu Ora) last week, replacing it with a sole commissioner. The move marked more than just another shake-up in the country’s beleaguered health system. It signalled the spectacular failure of a grand experiment that has turned New Zealand into […]
Pervasive myth of centralisation unravels in NZ
28 Jul 2024 Leave a comment
in economic history, industrial organisation, survivor principle, television Tags: creative destruction
05 Jul 2024 Leave a comment
in economics of media and culture, industrial organisation, liberalism, Marxist economics, politics - USA, survivor principle Tags: 2024 presidential election, free speech, media bias, political correctness, regressive left
The media is sorry . . . sort of. After the shocking appearance of President Joe Biden in the presidential debate, the public has turned its attention to the press which has, again, buried a major scandal for years. According to CNN, the reporters at the White House are really, really sorry but explained that […]
Reporters Blame “Right-Wing Media” for Their Failure to Disclose Biden’s Infirmity
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
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Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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