The classic book, Economics in One Lesson reduces all of economics to a similar lesson:The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.The lesson of Chapter…
CA min wage goes up ==> CA employment declines
CA min wage goes up ==> CA employment declines
29 Jul 2025 Leave a comment
in applied price theory, income redistribution, labour economics, labour supply, minimum wage, politics - USA, Public Choice, rentseeking, unemployment Tags: California
The gender gap that dare not speak its name
28 Jul 2025 Leave a comment
in gender, health and safety, labour economics, occupational choice
Horseshoe Theory: Trump and the Progressive Left
26 Jul 2025 Leave a comment
in applied price theory, economics of regulation, history of economic thought, income redistribution, international economics, International law, labour economics, labour supply, Marxist economics, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, regressive left, tarrifs
Many of Trump’s signature policies overlap with those of the American progressive left—e.g. tariffs, economic nationalism, immigration restrictions, deep distrust of elite institutions, and an eagerness to use the power of the state. Trump governs less like Reagan, more like Perón. As Ryan Bourne notes, this ideological convergence has led many on the progressive left […]
Horseshoe Theory: Trump and the Progressive Left
Planned Parenthood going the way of the ACLU and the SPLC?
23 Jul 2025 Leave a comment
in discrimination, gender, health economics, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left, sex discrimination
Luana called my attention to an article on wokeness, in this case describing the ideological erosion of Planned Parenthood (henceforth “PP). Click the headline below to read the WSJ “Saturday essay”, or or find it archived free here. Notice that the author is Pamela Paul, formerly the Sunday book-review editor and then a columnist for […]
Planned Parenthood going the way of the ACLU and the SPLC?
Labor supply is elastic!
19 Jul 2025 Leave a comment
in applied price theory, labour economics, labour supply Tags: Denmark, taxation and labour supply
Even in Denmark: We investigate long-run earnings responses to taxes in the presence of dynamic returns to effort. First, we develop a theoretical model of earnings determination with dynamic returns to effort. In this model, earnings responses are delayed and mediated by job switches. Second, using administrative data from Denmark, we verify our model’s predictions […]
Labor supply is elastic!
Immigrant Assimilation Is Obviously High
19 Jul 2025 Leave a comment
in labour economics, labour supply, politics - USA, population economics Tags: economics of immigration
I recently argued that self-reports understate the personality gender gap. As long as some men rate their personalities relative to the average male, and some women rate their personalities relative to the average female, the gap the data reveal is less than the true gap. 798 more words
Immigrant Assimilation Is Obviously High
Woman of the day
18 Jul 2025 Leave a comment
in defence economics, discrimination, economic history, gender, labour economics, labour supply Tags: France, gender wage gap, sex discrimination
OTD in 1965, France changed the law to allow married women the right to work without their husbands’ permission. Yes, really. To mark the occasion, Woman of the Day is journalist Madeleine Riffaud, French Resistance, who didn’t need any man’s permission to fight for her country.… pic.twitter.com/nlp3f2GIsK — The Attagirls (@TheAttagirls) July 13, 2025
Woman of the day
Disinformation from TPM
16 Jul 2025 Leave a comment
in discrimination, law and economics, politics - New Zealand, property rights, Public Choice Tags: native title, racial discrimination, regressive left
Te Pati Maori in a burp of disinformation declared Eric Crampton as the policy mind between the Foreshore & Seabed law and Marine and Coastal Area law. Of course once again the media largely ignore the fact they just tell blatant lies. Three inconvenient facts:
Disinformation from TPM
The population bust
15 Jul 2025 Leave a comment
in development economics, economic history, labour economics, labour supply, population economics Tags: ageing society, economics of fertility, population bust
Expanding the Milei Miracle: Labor Market Deregulation
12 Jul 2025 1 Comment
in development economics, economics of bureaucracy, economics of regulation, growth disasters, labour economics, labour supply, Public Choice Tags: Argentina, employment law
Part I of this video series gave a brief summary of how Javier Milei’s free market policies have rejuvenated Argentina’s economy. But more reform is needed and this second video makes the case for labor market deregulation. Politicians impose so-called employment protection laws because of “public choice.” To be more specific, they understand that the […]
Expanding the Milei Miracle: Labor Market Deregulation
Cultural Marxism and AntiSemitism
12 Jul 2025 1 Comment
in discrimination, history of economic thought, Marxist economics Tags: political correctness, racial discrimination, regressive left
“Cultural Marxism” is a controversial term originally referring to the application of Marxist theory to culture, society, and institutions, but today often used critically to describe a perceived ideological influence on modern Western culture and institutions. Historical Context and Origin: Originally, Marxism focused on economics, class struggle, and capitalism. However, some Marxist theorists (notably Antonio […]
Cultural Marxism and AntiSemitism
Govt fiscal constraints are the elephant in the pay equity room
11 Jul 2025 Leave a comment
in applied price theory, discrimination, fiscal policy, gender, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - New Zealand, Public Choice, public economics, rentseeking Tags: gender wage gap, pay equity, sex discrimination
Michael Johnston writes – The way the government went about rolling back 33 pay equity claims lodged under the last government’s Pay Equity legislation was clumsy at best. The changes were made under urgency and applied retrospectively. It was not a good look. Predictable howls of rage and furious accusations ensued. Critics say the government […]
Govt fiscal constraints are the elephant in the pay equity room
EPA Suspends over 140 Toxic Employees Who Wrote Letter Denouncing Trump Policies
09 Jul 2025 1 Comment
in economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, labour economics, labour supply, occupational choice, personnel economics, politics - USA, Public Choice
The best part of this story is two fold. First, these individuals have done a good job of self-identif[ying] themselves as fifth columnists inside the Trump administration, making it easier to get rid of them.
EPA Suspends over 140 Toxic Employees Who Wrote Letter Denouncing Trump Policies
Who relies most heavily on welfare?
06 Jul 2025 Leave a comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality, welfare reform Tags: social insurance
This short piece is a partial answer to the question posed. It addresses the ‘who’ but not the ‘why’.The following chart uses Census data from Statistics NZ and benefit data from MSD. Both sets are from March 2023.At that time there were 345,417 individuals reliant on a main benefit which primarily comprised Jobseeker (formerly Unemployment…
Who relies most heavily on welfare?
Utopia, you are standing in it! 
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