Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Sep 2025 Leave a comment
in applied price theory, economic growth, economic history, economics of regulation, labour economics, labour supply, macroeconomics, Public Choice, rentseeking Tags: European Union
I put a lot of focus on “convergence” and “divergence” because economic theory says rich countries should not grow faster than poor countries. So when there are examples of divergence, especially when looking at decades of data, we can learn very important lessons about economic policy. Those lessons, in every single case, teach us that […]
The United States vs. Europe, Part IV
15 Sep 2025 Leave a comment
in applied price theory, economic growth, economics of education, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice, public economics, rentseeking Tags: Denmark, Finland, Norway, Sweden
Maybe it’s just because I live in Minnesota, a state where the differences between immigrants from Sweden, Norway, and Finland are still apparent in the names of towns and the surnames of people. But when I run into people who would prefer that the US distribution of income be more equal, they often point to…
Predistribution, Not Redistribution, in the Nordic Countries
14 Sep 2025 Leave a comment
in economics of regulation, labour economics, labour supply, law and economics, personnel economics, politics - New Zealand, property rights Tags: employment law
Roger Partridge writes – Every day, New Zealand workers clock longer hours than their peers in most developed nations yet produce far less value per hour worked. This productivity paradox has haunted our economy for decades, condemning workers to lower wages and longer working days. Now, Parliament has a chance to help change this cycle. […]
A labour law reform that works for workers
13 Sep 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, environmental economics, income redistribution, labour economics, labour supply, law and economics, occupational regulation, property rights, Public Choice, rentseeking Tags: France
I’ve written endlessly about the negative effect of high tax rates on productive behavior, as well as some quirky examples of how taxes lead to some unintended consequences. Today, let’s consider how government regulations distort behavior. We’ll start with a video from Reason about government policies that backfire. In this case, note the second example. […]
Red Tape and Unintended Consequences
10 Sep 2025 1 Comment
in health economics, labour economics, labour supply, politics - USA
Compared to workers in most other high-income countries, Americans tend to work more hours per year. Here’s a figure from the OECD, which is based on taking the total number of hours worked in an economy and dividing it by the number of workers for the most recent year available. Because different countries will measure…
Why Do Americans Work So Many Hours?
09 Sep 2025 Leave a comment
in labour economics, labour supply, population economics Tags: ageing society, economics of fertility, population bust
30 Aug 2025 Leave a comment
in applied price theory, econometerics, entrepreneurship, human capital, income redistribution, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
Here is his comment on the paper presented here: Summary: The U.S. tax system is highly progressive. Effective tax rates increase from 2% for the bottom quintile of income to 45% for the top hundredth of one percent. But rates may be lower among those with the highest wealth. This comment starts with the “top 400” […]
David Splinter on how much tax billionaires pay
28 Aug 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality Tags: gender wage gap, sex discrimination
Stats NZ reports: The gender pay gap was 5.2 percent in the June 2025 quarter, down from 8.2 percent in the June 2024 quarter, according to figures released by Stats NZ today. “The June 2025 quarter gender pay gap of 5.2 percent is the lowest since the series began in 1998,” labour market spokesperson Abby […]
The smallest gender pay gap in history
28 Aug 2025 Leave a comment
in applied price theory, Austrian economics, development economics, economic growth, economics of regulation, fiscal policy, growth disasters, labour economics, labour supply, law and economics, liberalism, libertarianism, macroeconomics, monetary economics, Public Choice, unemployment Tags: Argentina
Javier Milei has generated amazingly good results in just 20 months. But more reform is needed to undo the damage of 80 years of Peronism, which is why I explain that Argentina’s mid-term elections will be very important. Milei wants to turn Argentina into the world’s freest economy. That won’t be possible so long as […]
The Most Important Election(s) of 2025
27 Aug 2025 1 Comment
in applied price theory, defence economics, economic history, entrepreneurship, industrial organisation, labour economics, labour supply, occupational choice, war and peace Tags: World War II
See ‘Launching Liberty’ Review: Shipyard Victory The U.S. quickly constructed a fleet of vessels to carry vital war supplies across the oceans. Did the rush to build so fast affect quality? by Marc Levinson. He reviewed the book Launching Liberty: The Epic Race to Build the Ships That Took America to War by Doug Most.The Liberty…
World War II Liberty Ships and the Law of Increasing Opportunity Cost
27 Aug 2025 Leave a comment
in economics of regulation, labour economics, labour supply, law and economics, politics - New Zealand, property rights, Public Choice Tags: animal rights, Animal welfare
Winston Peters announced: Cabinet has formally agreed this week to the closure of the greyhound racing industry in New Zealand. A bill will be drafted to bring this decision into law. The move follows last December’s announcement of the Government’s in-principle decision to end greyhound racing as of 31 July 2026. The decision was made […]
The greyhound racing ban
23 Aug 2025 Leave a comment
in applied price theory, economic growth, labour economics, labour supply, macroeconomics Tags: European Union
WSJ: Europe is Losing Europeans live longer, have more leisure time and less income inequality, and often live in stunning cities and towns built over the centuries. But increasingly, Americans enjoy a higher standard of living. They have over 50% more living space on average per person. More than four in five Americans have air…
Why is Europe Falling Behind?
20 Aug 2025 1 Comment
in economics of education, labour economics, labour supply, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, Public Choice, welfare reform Tags: child poverty, family poverty
According to the NZ Herald this morning: “Former Prime Minister Helen Clark has described the departure of former Prime Minister Jacinda Ardern from politics as “devastating for women around the world”.” Not this one. But then very little devastates me beyond the loss of a loved person or pet. Or dwelling on the suffering of…
Why I disagree with Helen Clark
19 Aug 2025 Leave a comment
in economic growth, entrepreneurship, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, Marxist economics, politics - New Zealand, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, wealth tax
Roger Partridge writes – The Greens’ coronation of Chlöe Swarbrick at last weekend’s AGM delivered a manifesto for economic transformation that would make Soviet economists nostalgic for their glory days.
The Greens’ weekend gift to the government
17 Aug 2025 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender gap, sex discrimination
Time to Revive an Out of Fashion Idea
Dude, Whatever Happened to Difference Feminism?
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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