Celebrating humanity's flourishing through the spread of capitalism and the rule of law
10 May 2025 1 Comment
in applied price theory, economic growth, entrepreneurship, human capital, labour economics, labour supply, macroeconomics, Public Choice Tags: Finland, taxation and entrepreneurship, taxation and investment, taxation and labour supply
I’m currently in Finland for meetings with various people and I learned that the country’s bloated public sector and expensive welfare state are imposing a very heavy cost on the economy. How heavy of a cost? According to IMF data, there’s been no growth in per-capita GDP over the past 18 years. Why is Finland […]
The Economic Consequences of Ever-Growing Government in Finland
08 May 2025 Leave a comment
in economics of love and marriage, human capital, labour economics, law and economics, population economics Tags: ageing society, South Korea
Fertility rates are falling around the world, but Republic of Korea is the outlier, with a fertility rate of 0.72 in 2024. The International Monetary Fund, in its report on Korea’s economic situation (generally quite good), thought that Korea’s low fertility justified adding an “Annex” to its most recent report on Korea’s economy: “Addressing Korea’s…
Korea’s Low Fertility Rate
07 May 2025 Leave a comment
in applied price theory, discrimination, economics of education, gender, health and safety, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: gender wage gap, sex discrimination
Labour leader Chris Hipkins has joined the chorus of those opposing changes to pay equity legislation. Does this mean he knows what a woman is now? It is easy for opposition parties and their allies to criticise proposed changes but Heather du Plessis-Allan points out the problem with existing legislation: . . . Those pay […]
Does he know what a woman is now?
06 May 2025 Leave a comment
in Economics of international refugee law, International law, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
It was once said that possession is nine-tenths of the law, an acknowledgement that the possessor of property generally has the advantage in keeping it. This principle has been taken to absurd extremes in some squatter cases, where people invade homes and then demand the right to stay pending long legal challenges. Today, under both […]
Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws
05 May 2025 Leave a comment
in applied price theory, discrimination, econometerics, economics of education, experimental economics, gender, labour economics, labour supply, occupational choice Tags: gender gap, sex discrimination
I’ve written a couple of times about information interventions designed to attract more female students to study economics (see here and here). The results have generally been disappointing. That shouldn’t be too much of a surprise. If it was really simple to get people to change their behaviour with information, then advertising would be far…
Some weak evidence in favour of an information intervention in economics to close the gender gap
04 May 2025 1 Comment
in discrimination, gender, law and economics, property rights Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
As I reported two weeks ago, the Supreme Court of the United Kingdom voted unanimously to affirm that the term “woman” under the legal Equality Act refers only to biological women and not trans-identified men. That means that a biological male holding a gender reassignment certificate would not have the same legal status as a […]
Misguided branch of British Medical Association rejects UK’s Supreme Court decision that “woman” is defined by biological sex
03 May 2025 Leave a comment
in discrimination, economics of education, gender, health economics, liberalism, Marxist economics, politics - USA Tags: conjecture and refutation, free speech, philosophy of science, political correctness, regressive left, sex discrimination
Trans activists and their supporters have confused feelings with facts in trying to convince themselves, and others, that sex isn’t binary. Science disproves that: Here’s why sex is binary, explained in 5 minutes. pic.twitter.com/DuX7Yk7Z0f — Zachary Elliott (@zaelefty) April 26, 2025
Sex is binary
02 May 2025 Leave a comment
in economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: 2024 presidential election, constitutional law, economics of immigration
Below is my column in the New York Post on the first 100 days of the Trump Administration in court. It is too early to handicap many of these lower courts decisions. I have been critical of some of these orders as either premature or unconstitutional. There is a reason for the hyperkinetic pace of […]
The First 100 Days: The Method Behind the Madness in Court Challenges
30 Apr 2025 Leave a comment
in labour economics, labour supply, population economics
In its most recent World Economic Outlook report, the IMF includes a chapter on “The Rise of the Silver Economy: Global Implications of Population Aging” (April 2025). Here are the big trends in a nutshell. The red line (measured on the right-hand axis) shows that the average age of the global poulation was about 27…
The Silver (-Haired) Economy
29 Apr 2025 Leave a comment
in discrimination, economic history, economics of education, liberalism, Marxist economics, politics - New Zealand Tags: free speech, political correctness, racial discrimination, regressive left
Compulsory first-year courses come under fire. Graham Adams writes – This year, the University of Auckland launched mandatory courses focused on a particular view of New Zealand history, Te Tiriti, and indigenous “knowledge systems”— which is to say mātauranga Māori — for all first-year students. It doesn’t matter whether you’re studying engineering, accounting, science or arts, you […]
Auckland Uni students react to Treaty ‘indoctrination’
28 Apr 2025 Leave a comment
in defence economics, economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: 2024 presidential election, economics of immigration
For some on the far left, “The Rachel Maddow Show” is a godsend. Otherwise, you would have to go to the subway to compete against others raving about microchips and oligarchies. Just take Rep. Jamie Raskin (D-MD), who went on the show on Friday to explain that Trump officials can now be arrested for “interfering with […]
Raskin: Trump Officials Can Be Arrested for “Kidnapping” Undocumented Persons
27 Apr 2025 Leave a comment
in discrimination, economics of education, human capital, labour economics, labour supply, politics - USA Tags: affirmative action, free speech, political correctness, racial discrimination, regressive left
After the Supreme Court declared an end to the use of race criteria in college admissions, many administrators pledged to find a way around the decision. Schools are using essay prompts to flag race while rejecting the use of standardized testing to boost diversity in admissions. In the meantime, these schools are rejecting students with […]
Weak Essay? Student Rejected by Top Universities Despite Near Perfect Scores and $30 Million App
26 Apr 2025 Leave a comment
in discrimination, economics of education, economics of religion, gender, law and economics, liberalism, Marxist economics, politics - USA Tags: sex discrimination
Today, the Supreme Court will hear oral arguments on a major parental rights case in Mahmoud v. Taylor, a challenge to Montgomery County (Md.) requiring their children to participate in instruction that includes LGBTQ+ themes. It is a case that could produce sweeping changes across the county as parents object to the use of public […]
Supreme Court Hears Major Parental Rights Case Over LGBT Readings
25 Apr 2025 Leave a comment
in economic history, economics of love and marriage, gender, labour economics, law and economics Tags: marriage and divorce
24 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, history of economic thought, industrial organisation, labour economics, labour supply, politics - USA, unemployment Tags: 2024 presidential election, free trade, tariffs, unintended consequences
This short note shows that accounting for capital adjustment is critical when analyzing the long-run effects of trade wars on real wages and consumption. The reason is that trade wars increase the relative price between investment goods and labor by taxing imported investment goods and their inputs. This price shift depresses capital demand, shrinks the […]
Long-Run Effects of Trade Wars
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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