Celebrating humanity's flourishing through the spread of capitalism and the rule of law
28 Mar 2026 Leave a comment
in applied price theory, economics of bureaucracy, economics of education, human capital, labour economics, libertarianism, Murray Rothbard, Public Choice Tags: signaling
SummaryIn this chapter, Rothbard makes the case for the abolition of public schooling. While he somewhat surprisingly views Friedman’s voucher system as “a great improvement over the present system in permitting a wider range of parental choice and enabling the abolition of the public school system,” Rothbard will settle for nothing less than the separation…
Bet On It Book Club: For a New Liberty, Chapter 7
25 Mar 2026 Leave a comment
in applied price theory, economics of regulation, human capital, labour economics, labour supply, law and economics, occupational choice, politics - New Zealand, property rights Tags: employment law, offsetting behavior, unintended consequences
Susan Hornsby-Geluk writes: Among the most controversial aspects of the recently enacted Employment Relations Amendment Act 2026 is the introduction of a high-income threshold for personal grievance claims. Under the new provisions, employees earning $200,000 or more in annual remuneration will lose the right to bring a personal grievance for unjustified dismissal, or an unjustified…
A worthwhile trade off
21 Mar 2026 Leave a comment
in labour economics, human capital, economics of education Tags: free speech, IQ, political correctness, racial discrimination, regressive left
My friend the Belgian philosopher Maarten Boudry is writing about what he calls, correctly, “the most dangerous idea in academia”—an idea that can get you banned or even fired if you even suggest it. It is, of course, the notion that different “races” differ on average in IQ or intelligence. It’s such a hot potato…
The taboo idea you can’t discuss in academia
17 Mar 2026 Leave a comment
in discrimination, economics of education, economics of regulation, human capital, labour economics, labour supply, liberalism, Marxist economics, occupational choice, occupational regulation, politics, politics - New Zealand
The Medical Council has proposed a statement on cultural competence that is basically a political litmus test. It is outrageous overreach, and an example of why Parliament needs to rein in all these regulatory bodies. No one would object to a statement that doctors must be respectful of all cultures and beliefs, while undertaking their…
Medical Council proposes striking off doctors who disagree with their political views
13 Mar 2026 Leave a comment
in applied price theory, entrepreneurship, human capital, income redistribution, labour economics, labour supply, politics - USA, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
I frequently make the point that America’s tax system is more progressive than European tax systems. But not because the United States imposes higher tax rates on upper-income households. Instead, the big difference is that lower-income and middle-class households in the United States face much lower tax burdens than their European counterparts. In those columns, […]
Fleecing Rich Taxpayers: Europe vs. the United States
12 Mar 2026 Leave a comment
in applied price theory, economic growth, entrepreneurship, financial economics, fiscal policy, human capital, income redistribution, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, politics - USA, Public Choice, rentseeking Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Below is my column on Fox.com on the new push by Democrats to impose a wealth tax nationally. While the…
Eat the Rich: Sanders and Khanna Introduce Federal Billionaires Tax
02 Mar 2026 1 Comment
in fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice, public economics Tags: Denmark, taxation and entrepreneurship
Class-warfare tax policy is always a bad idea. Economists generally don’t like class-warfare policies because it is foolish to impose high marginal tax rates on productive behaviors such as investment and entrepreneurship. Politicians should not like class-warfare policies because of the negative impact on jobs and wages for ordinary people as well as the potential negative […]
Will Denmark and/or the Netherlands Copy Norway’s Failed Wealth Tax?
16 Feb 2026 Leave a comment
in entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, Marxist economics, politics - USA, Public Choice, public economics Tags: California, regressive left, rule of law, taxation and entrepreneurship, taxation and investment, wealth tax
Below is my column in the California Post and New York Post on the exodus of wealthy taxpayers from the state as Democrats seek to trap them with a retroactive wealth tax. They are engineering a type of reverse Gold Rush as up to a trillion dollars leave the state with a line of U-Hauls […]
Eat the Rich: California Democrats Trigger a Reverse Gold Rush with a Wealth Tax
14 Feb 2026 1 Comment
in applied price theory, discrimination, economics of education, gender, human capital, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: gender wage gap
In the United States, much of the gap in earnings between men and women is due to the persistent gap for high wage earners. This paper explores changes in the gender wage gap for MBAs graduating from a large public university over 30 years. We document large gender wage gaps on average, which grow in…
Changes in the Gender Wage Gap for Business Professionals
10 Feb 2026 Leave a comment
in economic history, human capital, labour economics, labour supply Tags: China, economics of immigration, Japan, The Philippines
In editing two papers on Asian American immigration for the Winter 2026 issue of the Journal of Economic Perspectives (where I work as Managing Editor), I found myself musing over two alternative histories: one about more such immigration, one about less. Hannah Postel describes “Asian Immigration to the United States in Historical Perspective” (Journal of Economic…
Asian Americans: Two Alternate Histories
21 Dec 2025 Leave a comment
in applied price theory, discrimination, economics of education, economics of information, entrepreneurship, gender, human capital, labour economics, labour supply, politics - New Zealand Tags: gender wage gap
06 Dec 2025 Leave a comment
in human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: economics of immigration, Japan
In Japan, you see native-born East Asians doing menial jobs everywhere you look. You see Japanese janitors, Japanese street-sweepers, Japanese convenience store workers, Japanese crossing guards, Japanese taxi drivers, and Japanese laborers on construction sites. 904 more words
Human Capital Hara-Kiri
05 Dec 2025 Leave a comment
in applied price theory, history of economic thought, human capital, labour economics, labour supply, Milton Friedman, occupational choice, poverty and inequality, unemployment, welfare reform
Nine years ago, I critically analyzed the Cohen-Friedman debate on means-testing Social Security. Only recently, though, did I find the original footage from 1971. As far as I know, this is the first time that any prominent social scientist made the “A program only for the poor will always be a poor program” argument that…
The Great Means-Testing Debate
04 Dec 2025 Leave a comment
in applied price theory, human capital, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, welfare reform Tags: child poverty, family poverty, social insurance
Tomorrow at 2 PM ET, I’ll be debating “What is the best policy response to poverty?” versus Matt Bruenig. Venue: Econoboi channel P.S. You might recall that… 9 more words
My Econoboi Poverty Debate vs. Matt Bruenig
15 Nov 2025 Leave a comment
in applied price theory, economics of crime, economics of education, human capital, labour economics, labour supply, law and economics, occupational choice Tags: criminal deterrence
The author is economist Jennifer Doleac, and the subtitle is A Revolution in Criminal Justice. Excerpt: We found that adding anyone charged with a felony to the law enforcement DNA database in Denmark reduced future criminal convictions by over 40 percent. Again, people responded to the higher probability of getting caught by committing fewer cimres. …
*The Science of Second Chances*
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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