Celebrating humanity's flourishing through the spread of capitalism and the rule of law
27 Dec 2024 Leave a comment
in applied price theory, economic growth, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: Denmark, Norway, social insurance, Sweden, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Scandinavian nations are not socialist, at least if we’re using the technical definition (government ownership, central planning, and price controls). But those countries do have big welfare states. And that means stifling tax burdens. And those harsh taxes don’t just apply to rich taxpayers. Lower-income and middle-class people also get pillaged. I’ve already explained that punitive value-added […]
Scandinavian Governments Are Greedy, not Socialist
27 Dec 2024 Leave a comment
in applied price theory, economic history, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: creative destruction
Deming, Ong and Summers have a good overview of long-run and very recent changes in the US labor market. Using a measure of occupational titles the authors find: The years spanning 1990-2017 were the most stable period in the history of the US labor market, going back nearly 150 years. It’s a bit too early […]
Technological Disruption in the US Labor Market
20 Dec 2024 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, survivor principle, unions
TweetIn this video, GMU Econ alum – and my Mercatus Center colleague – Liya Palagashvili talks with John Stossel about the economic destructiveness of labor unions. The post Palagashvili and Stossel on How Vile Labor Unions Can Be appeared first on Cafe Hayek.
Palagashvili and Stossel on How Vile Labor Unions Can Be
11 Dec 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, financial economics, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, organisational economics, personnel economics, Public Choice, rentseeking, survivor principle, theory of the firm Tags: creative destruction, employment law
Over at the Geek Way, Andrew McAfee has created a startling visualization related to entrepreneurship in the US and EU. The Draghi Report on EU competitiveness is generating a small buzz among economists. One startling claim is thatthere is no EU company with a market capitalisation over EUR 100 billion that has been set up…
More on Business Dynamism
10 Dec 2024 Leave a comment
in development economics, economics of crime, growth disasters, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice Tags: Mexico
Criminals turn college campuses into recruitment hubs, recruiting chemistry students in Mexico with big paydays.By Natalie Kitroeff and Paulina Villegas of The NY Times. Excerpts:”In their quest to build fentanyl empires, Mexican criminal groups are turning to an unusual talent pool: not hit men or corrupt police officers, but chemistry students studying at Mexican universities.People…
Mexican Cartels Lure Chemistry Students to Make Fentanyl
09 Dec 2024 Leave a comment
in economic history, economics of crime, labour economics, labour supply, law and economics, property rights Tags: constitutional law, economics of slavery
The campaigning activities of abolitionist MPs such as William Wilberforce and Thomas Fowell Buxton are well-known, but one former MP, who had become a member of the House of Lords, was involved in this question in a rather different way. Joe Baker – Public Engagement Assistant for the History of Parliament – looks at the […]
Somerset v Stewart, 1772: an End to Slavery in Britain?
08 Dec 2024 1 Comment
in discrimination, economics of bureaucracy, economics of education, economics of regulation, health economics, human capital, labour economics, labour supply, liberalism, Marxist economics, occupational choice, occupational regulation, politics - New Zealand, Public Choice Tags: free speech, political correctness, regressive left
What follows are Scope of Practice requirements for Enrolled and Registered Nurses from 25 January 2025. There are some small differences in requirements but the points I am highlighting are the same and what follows is for Enrolled Nurses. Scope of Practice Enrolled Nurses Enrolled nurses in Aotearoa New Zealand reflect knowledge, concepts and worldviews of both tangata whenua and tangata […]
NZ Nursing Council Raises A Middle Finger To Health Minister Shane Reti And The Coalition Government.
07 Dec 2024 1 Comment
in applied price theory, comparative institutional analysis, economics of regulation, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice, poverty and inequality Tags: employment law
That is the theme of a new Substack by Pieter Garicano, here is one excerpt: These answers, according to a recent paper by Olivier Coste and Yann Coatanlem, two French investors, miss the point: the reason more capital doesn’t flow towards high-leverage ideas in Europe is because the price of failure is too high. Coste estimates that, […]
Why are no trillion dollar companies being created in Europe?
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of climate change, economics of information, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, gender, global warming, health economics, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking Tags: Age of Enlightenment, crime and punishment, criminal deterrence, free speech, gender wage gap, law and order, political correctness, racial discrimination, regressive left, sex discrimination
Michael Huemer’s Progressive Myths is the best book on wokeness. One of its many strengths is its focus on basic facts. As the author explains:I have selected beliefs that can be debunked fairly quickly and forcefully. Many other progressive beliefs require long argumentation and subjective judgment calls to assess. About these more difficult issues, I…
The Missing Myths
03 Dec 2024 Leave a comment
in economics of regulation, health economics, labour economics, labour supply, politics - New Zealand Tags: economics of pandemics
The Royal Commission concluded: The case for vaccine requirements of all kinds weakened in early 2022 with the arrival of the Omicron variant since vaccination was now much less effective in preventing COVID-19 transmission and immunity waned over time. While beneficial to the individual concerned, vaccination now offered less protection to others and the public […]
The Government didn’t move with the science around Covid
01 Dec 2024 Leave a comment
in economics of bureaucracy, economics of regulation, health and safety, labour economics, labour supply, politics - New Zealand, Public Choice Tags: nanny state, road safety
NewstalkZB report: Santa and his elves must wear seatbelts for Christchurch’s Christmas parade following new health and safety advice – a move labelled by some city councillors as “woke nonsense” and “over the top”. Christchurch’s Christmas Show Parade director Jason Reekers said an audit of the parade’s floats recommended installing seatbelts on some of them. …
Seatbelts for a 5 km/hr Santa parade
01 Dec 2024 Leave a comment
in development economics, economic history, economics of love and marriage, growth miracles, human capital, labour economics, labour supply, law and economics, population economics Tags: China
30 Nov 2024 Leave a comment
in economics of information, economics of regulation, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice, occupational regulation, politics - USA, property rights, Public Choice, rentseeking Tags: cranks
Here is the link, “Prohibits fraudulently taking money by “pretended fortune telling.”” Seen referenced somewhere on Twitter.
Massachusetts has occupational licensing for fortune tellers
30 Nov 2024 Leave a comment
in applied price theory, econometerics, human capital, income redistribution, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, public economics Tags: economics of immigration
This paper examines how unauthorized immigration affects the fiscal health of local governments in the United States. Using detailed data on unauthorized immigrants’ countries of origin and arrival dates from the Syracuse TRAC database, we isolate immigration flows driven by social, economic, and political conditions in source countries. We predict local immigration patterns using a […]
Unauthorized Immigration and Local Government Finances
28 Nov 2024 Leave a comment
in applied price theory, economics of love and marriage, labour economics, labour supply, law and economics, population economics Tags: economics of fertility
Six months ago, I’m not sure that I’d ever heard of demographer Lyman Stone. Now, people in my circles randomly drop his name on a weekly basis. His favorite topic, in case you haven’t heard, is global fertility decline. As a longtime natalist, I share his concerns. One of Stone’s top takeaways: Instead of talking…
Desired Fertility versus the Mueller Effect
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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