Celebrating humanity's flourishing through the spread of capitalism and the rule of law
20 Jun 2025 Leave a comment
in gender, health economics, politics - USA
In 2023, Tennessee passed a bill to restrict access of minors to “affirmative care”, though only minors who wanted blockers or hormones to assume the identity of his/her non-natal sex or to relieve gender dysphoria. Tennessee is now one of 15 states that has passed laws restricting affirmative care. Note, though, that hormones and blockers […]
U. S. Supreme Court affirms Tennessee’s ban on medical “gender-affirming care”
16 Jun 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, economics of love and marriage, gender, human capital, labour economics, labour supply, law and economics, occupational choice, poverty and inequality Tags: gender wage gap, racial discrimination, sex discrimination
In the 1960 cohort, American men and women graduated from college at similar rates, and this was true for Whites, Blacks and Hispanics. But in more recent cohorts, women graduate at much higher rates than men. Gaps between race/ethnic groups have also widened. To understand these patterns, we develop a model of individual and family […]
What Explains Growing Gender and Racial Education Gaps?
13 Jun 2025 1 Comment
in business cycles, history of economic thought, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, unemployment Tags: monetary policy
…the very next day, [Roger] Douglas appeared on TV declaring his intention to reduce inflation to ‘around 0 or 0 to 1 percent’ over the next couple of years, and then went on to make several similar comments in the following days. Douglas would soften his stance on specific timelines but ask the Reserve Bank and […]
How New Zealand invented inflation targeting
12 Jun 2025 1 Comment
in labour economics, labour supply, population economics Tags: ageing society, Japan, population bust
Japan must stop being overly optimistic about how quickly its population is going to shrink, economists have warned, as births plunge at a pace far ahead of core estimates. Japan this month said there were a total of 686,000 Japanese births in 2024, falling below 700,000 for the first time since records began in the […]
Japan facts of the day
09 Jun 2025 Leave a comment
in economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
Below is my column at Fox.com on the return of Kilmar Abrego Garcia and what lies ahead in the case. Regardless of the outcome of the criminal prosecution, one thing seems virtually certain: Abrego Garcia will eventually go home . . . to El Salvador. Here is the column:
Hard Landing: The Return of Kilmar Abrego Garcia
05 Jun 2025 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, industrial organisation, labour economics, labour supply, law and economics, property rights, Public Choice, survivor principle Tags: employment law, India
In our textbook, Modern Principles, Tyler and I contrast basic U.S. labor law, at-will employment—where employers may terminate workers for any reason not explicitly illegal (e.g., racial or sexual discrimination), without notice or severance—with Portugal’s “just cause” regime, which requires employers to prove a valid reason, give advance notice, pay severance, and endure extensive regulatory […]
No Exit, No Entry
05 Jun 2025 Leave a comment
in discrimination, politics - New Zealand Tags: constitutional law, political correctness, racial discrimination, regressive left
Chris Trotter writes – “Your mission, Mr Hipkins, should you choose to accept it, is to lead Labour to victory in 2026.” Except, as always, the drama of a Mission Impossible movie lies not in the what, but in the how. Of course Chris Hipkins is willing to lead Labour to a win. The real question is […]
Labour’s first and most urgent mission is to knock Te Pāti Māori out of the race
01 Jun 2025 Leave a comment
in applied price theory, discrimination, gender, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: constitutional law, gender wage gap, sex discrimination
For all the gravitas which Dame Marilyn’s involvement has conferred upon PSCPE, it is important not to lose sight of the fact that it represents a deliberate attempt to morally overpower what is now the law of the land. Chris Trotter writes – The People’s Select Committee on Pay Equity (PSCPE) is looking for evidence. […]
Counting the Cost
01 Jun 2025 1 Comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of regulation, entrepreneurship, human capital, industrial organisation, labour economics, occupational choice, poverty and inequality, survivor principle Tags: creative destruction
The United States has produced about twice as many unicorns (private startups valued at $1B+) as China and more than four times as many as the European Union. These numbers reflect deep institutional and cultural advantages in the U.S. startup ecosystem. Table: Number of Unicorns Created Since ~1990 Region Cumulative Unicorns United States ~1,950 China…
Why the U.S. Produces More Unicorns Than China and the EU
30 May 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, public economics, unemployment Tags: monetary policy
Michael Reddell writes – Procrastinating this morning, I asked Grok to write a post in my style on yesterday’s Monetary Policy Statement. Suffice to say, I think I’ll stick to thinking and writing for myself for the time being. Among the many oddities of Grok’s product was the conviction that Adrian Orr was still Governor. Mercifully […]
May Monetary Policy Statement
29 May 2025 Leave a comment
in discrimination, economics of education, politics - USA Tags: racial discrimination
Below is my column on Fox.com on the escalating fight between Harvard and the Trump Administration. For Harvard, this could prove a case of winning battles and losing a war of attrition. Here is the column:
Poison Ivy: Why Harvard Will Likely Lose a War of Attrition with the Trump Administration
26 May 2025 1 Comment
in labour economics, labour supply, population economics Tags: ageing society, Japan
25 May 2025 Leave a comment
in applied price theory, economic history, industrial organisation, labour economics, labour supply
Tweet… is from my late, great colleague Walter Williams’s January 6th, 2011, column, “Settled ‘facts’ that just ain’t so“: U.S. manufacturing is going through the same kind of labor-saving technological innovation as agriculture. In 1790, farmers were 90 percent of the U.S. labor force. By 1900, only about 41 percent of our labor force was…
Quotation of the Day…
23 May 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, health economics, labour economics, politics - USA, population economics Tags: abortion law reform
Regulations about abortion are often wildly controversial. But what effects to they actually have? Caitlin Myers addresses these issues in “From Roe to Dobbs: 50 Years of Cause and Effect of US State Abortion Regulations” (Annual Review of Public Health 2025, pp. 433-446). As a starting point, consider the years before and after the 1973 US Supreme Court…
US State-Level Abortion Regulations: Causes and Effects
23 May 2025 1 Comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality Tags: gender wage gap, sex discrimination
The Herald reports: During her Budget presentation, Willis said that pay equity costs in 2020 were initially expected to reach $3.7b but there had since been a “blowout” with costs rising steeply, especially due to Labour’s 2022 decision to fund claims in the “funded sector”. The exact figure isn’t known, but as they have announced […]
The cost of Labour’s botched pay equity scheme
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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Beatrice Cherrier's blog
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
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Small Steps Toward A Much Better World
“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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