Source: Edward Prescott.
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EU late joiners relative labour productivities @NickCohen4 @iainmartin1 @CapX
17 Jan 2016 Leave a comment
in currency unions, economic growth, economic history, international economics, macroeconomics Tags: Common market, customs unions, European Union, trading blocs preferential trading agreements
Original EU Labor Productivities Relative to U.S. @NickCohen4 @iainmartin1 @CapX
17 Jan 2016 Leave a comment
in currency unions, economic growth, economic history, Euro crisis, international economics, macroeconomics Tags: Brexit, Common market, customs unions, European Union, free trade agreements, preferential trading agreements
Source: Edward Prescott.
Whose voting base has succumbed to unthinking populists?
31 Dec 2015 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of education, economics of information, economics of media and culture, income redistribution, international economics, Marxist economics, politics - New Zealand, Public Choice, rentseeking Tags: 2016 presidential election
Monaco compared to Newark airport
30 Dec 2015 Leave a comment
in international economics Tags: maps, Monaco
Monaco compared to Newark airport http://t.co/YxCmpyh1jc—
Amazing Maps (@Amazing_Maps) June 29, 2015
I, Pencil Extended Commentary: Spontaneous Order
24 Dec 2015 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, industrial organisation, international economics, survivor principle Tags: IPencil, spontaneous order, The meaning of competition
I, Pencil Extended Commentary: Trade & Specialization
22 Dec 2015 1 Comment
in applied price theory, industrial organisation, international economics, survivor principle Tags: division of labour, international trade, specialisation and exchange
Tourism as % of employment across the OECD
17 Dec 2015 Leave a comment
in industrial organisation, international economics, labour economics, labour supply Tags: economics of tourism, labour market demographics
New Zealand exports to China
07 Dec 2015 Leave a comment
in economic history, international economics, politics - New Zealand Tags: China
The robot revolution is overrated
22 Nov 2015 Leave a comment
in applied price theory, economic history, industrial organisation, international economics, labour supply Tags: automation, creative destruction, entrepreneurial alertness, industrial revolution, mechanisation, robots, technological unemployment
$1/2 billion in customs duties still collected in New Zealand!
06 Nov 2015 Leave a comment
in international economics, politics - New Zealand
In the course of feuding with strangers on Twitter about how much tariff revenue is still collected in New Zealand, I discovered that the revenue from customs duties are less than I recall but more than most think. These customs duties are distinct from any GST collected at the border by New Zealand Customs.
Source: Tax Outturn Data — The Treasury – New Zealand.
Source: Import Tariff Levels After 2015 Cabinet Submission by Minister of Commerce.
@jeremycorbyn @BernieSanders oppose the one path to peace
04 Nov 2015 Leave a comment
in international economics, liberalism, politics - USA, war and peace Tags: British politics, capitalism and freedom, China, expressive voting, free trade, game theory, populists, rational ignorance, rational irrationality, Richard Cobden, World War I
Jeremy Corbyn is in trouble again, this time for describing World War I as pointless.
Corbyn has, for all his life, opposed the only means of securing peace either in Europe or anywhere else. He is against trade agreements, the European Union and NATO. Bernie Sanders is equally as misguided.
Corbyn and Sanders thinks you can make peace just by talking with people. Peace is made by trading with hostile countries to make them depend on you for their prosperity as well as yours. By growing rich through free trade, it’s in no ones interest to go to war or have poor relations with each other or each other’s friends.
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