Celebrating humanity's flourishing through the spread of capitalism and the rule of law
15 Oct 2024 Leave a comment
in energy economics, environmental economics, global warming, human capital, labour economics, labour supply, occupational choice Tags: solar power, wind power
Chris Morrison provides the analysis in his Daily Sceptic article ONS Reveals the Pitiful Number of New Green Jobs Being Created in the U.K. Economy. Excerpts in italics with my bolds and added images. The problem with the green U.K. economy, and its associated destruction of the hydrocarbon environment, is that there are very few […]
Dearth of Green Jobs in UK
08 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of love and marriage, human capital, labour economics, labour supply, law and economics Tags: economics of fertility
Bryan Caplan will feel vindicated: This paper asks whether universal pre-kindergarten (UPK) raises parents’ earnings and how much these earnings effects matter for evaluating the economic returns to UPK programs. Using a randomized lottery design, we estimate the effects of enrolling in a full-day UPK program in New Haven, Connecticut on parents’ labor market outcomes […]
Further evidence for the babysitting theory of education
08 Oct 2024 Leave a comment
in applied price theory, econometerics, economic growth, economic history, entrepreneurship, history of economic thought, industrial organisation, labour economics, labour supply, macroeconomics Tags: The Great Enrichment
Over time, a rising US standard of living is driven by productivity growth. Michael Peters succinctly describes the problem in “America Must Rediscover Its Dynamism” (Finance & Development, September 2024). He writes: The US economy has a multitrillion-dollar problem. It’s the dramatic slowdown in productivity growth over the past couple of decades. Between 1947 and…
US Productivity Growth: Downside, Upside
07 Oct 2024 Leave a comment
in discrimination, economic history, gender, labour economics, labour supply, occupational choice Tags: The Great Enrichment
07 Oct 2024 Leave a comment
in applied price theory, health economics, labour economics, labour supply, poverty and inequality, public economics, welfare reform Tags: retirement savings
Our Treasury is at it again. Telling Kiwis a bleak future awaits them, especially in retirement. Its latest report about how NZ Demographic Change will affect the Country’s Finances is enough make the PM’s eyes glaze over, Finance Minister Willis fall asleep, NZ First leader Peters to press Delete on his laptop & everyone else…
The NZ Treasury’s Lack of Imagination Threatens our Future. It has no faith in Economic Magic (Einstein did).
05 Oct 2024 Leave a comment
in labour economics, labour supply, Music, occupational choice
I missed Alan Kreuger’s 2019 book on the economics of popular music when it first came out, but picked it up recently when preparing for a talk on Taylor Swift. It turns out to be a well-written mix of economic theory, data, and interviews with well-known musicians, by an author who clearly loves music. Some […]
Rockonomics Highlights
01 Oct 2024 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, economic growth, economic history, economics of regulation, environmental economics, fiscal policy, labour economics, labour supply, law and economics, macroeconomics, property rights Tags: Canada
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations as they catch up (converge). But there are exceptions. Sometimes a richer country will grow faster than a poorer country over a significant period of time, and we can learn from these examples. This is […]
Canada Is Part of the Anti-Convergence Club
28 Sep 2024 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: creative destruction, economics of pandemics
27 Sep 2024 Leave a comment
in applied price theory, economic growth, economic history, entrepreneurship, financial economics, fiscal policy, health and safety, income redistribution, labour economics, labour supply, law and economics, macroeconomics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, public economics Tags: envy, regressive left, taxation and entrepreneurship, taxation and investment
On tax policy, our friends on the left are motivated by envy and hatred. As shown in this Stossel video, Robert Reich is a sad example of this mindset. John Stossel understates his argument. It’s not that Reich is wrong. He’s wildly wrong. There are four points in the video that deserve attention. It is […]
Debunking Hate-and-Envy Tax Policy
27 Sep 2024 Leave a comment
in applied price theory, economic history, entrepreneurship, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, liberalism, Marxist economics, occupational choice, poverty and inequality, Public Choice Tags: top 1%
Byrne Hobart writes to me: One of the purposes of inheritance taxes is to avoid compounding intergenerational wealth. But The Missing Billionaires points out that if all of America’s millionaires had put their money in broad market indices in 1900, their heirs would number 16,000 billionaires, even accounting for taxes, splitting estates among multiple children, etc. So […]
Should we keep the wealthy non-diversified? (from my email)
18 Sep 2024 Leave a comment
in applied price theory, entrepreneurship, labour economics, labour supply, poverty and inequality, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
I wrote a few days ago about how Americans are moving from high-tax states to lower-tax states (mostly to states with no income taxes or flat taxes). Today, let’s look at international tax migration. I’ve addressed this issue before, but generally in the context of individual countries that are attracting or repelling entrepreneurs, investors, business […]
Tax-Motivated International Migration
18 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, history of economic thought, human capital, job search and matching, labour economics, labour supply, law and economics, occupational choice, poverty and inequality Tags: British politics, compensating differences, pay equity
The UK’s Orwellian sounding Equality Act 2010 is strikingly Marxist. It demands equal pay for work of equal value where these are defined as follows: A’s work is equal to that of B if it is like B’s work, rated as equivalent to B’s work, or of equal value to B’s work. A’s work is […]
Equality Act 2010
17 Sep 2024 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
By Eric Pichet, here is the abstract: Despite attempts to ‘unwind’ the Impôt de Solidarité sur la Fortune (‘Solidarity Wealth Tax,’ the French wealth tax) during the last legislature (2002-2007), ISF yields had soared by 2006, jumping from €2.5 billion in 2002 to €3.6 billion. Analysis of the economic consequences of this ISF wealth tax […]
The Economic Consequences of the French Wealth Tax
17 Sep 2024 Leave a comment
in applied price theory, economic growth, entrepreneurship, Federalism, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics Tags: capital gains tax, taxation and investment taxation and entrepreneurship, taxation and labour supply
I’m a big fan of tax competition. I cheer when jobs, investment, and people (or even booze) move from high-tax jurisdictions to low-tax jurisdictions. This increases the rewards for good policy and also increases the punishment for bad policy. Given my interest in the topic, I obviously can’t resist sharing this chart, which shows the […]
Tax-Motivated Domestic Migration
15 Sep 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, economics of education, entrepreneurship, fiscal policy, health and safety, income redistribution, industrial organisation, labour economics, labour supply, macroeconomics, politics - USA, Public Choice, public economics, unions Tags: 2024 presidential election, taxation and entrepreneurship, taxation and investment, taxation and labour supply
For libertarians, this is a very depressing election (a feeling we tend to have every four years, so a familiar experience). What basically happens is that two politicians try to bribe us with our own money. This year, we have Kamala Harris, who was even worse than Bernie Sanders in the big-spender contest. And we […]
The Santa Claus Election
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
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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
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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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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
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
Res ipsa loquitur - The thing itself speaks
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“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
Utopia, you are standing in it! 
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