Rainer Zitelmann writes in How Capitalism Beat Communism in Vietnam in Reason Magazine, The state collectives did not reward members for the amount of rice they produced, but instead counted how many days they had worked. 183 more words
Incentive Misalignment in Communism: the case of Vietnam
Incentive Misalignment in Communism: the case of Vietnam
15 Aug 2026 1 Comment
in applied price theory, development economics, economic history, growth disasters, history of economic thought, industrial organisation, labour economics, labour supply, Marxist economics Tags: economics of central planning, Vietnam
Immigration and Macroeconomic Outcomes in OECD Countries
10 Aug 2026 Leave a comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply Tags: economics of immigration
OECD countries experienced declining native population growth and rising net immigration over 1990-2024. We compile a new dataset of net immigration rates to OECD countries from all origins and show that most of the increase came from non-OECD countries and was predominantly high-skilled. Push factors, network effects, and policy indices explain little of the large…
Immigration and Macroeconomic Outcomes in OECD Countries
The power of incentives with illegal migration
08 Aug 2026 Leave a comment
in Economics of international refugee law, international economic law, international economics, International law, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
At the end of June the Spanish Supreme Court ruled that migrants arriving by sea could not be summarily deported. A few weeks later 60,000 people from Morocco crossed in the Spanish enclave of Ceuta, almost doubling their population in a few days. People smugglers exploit situations. This is why you need harsh preventive measures.…
The power of incentives with illegal migration
The Lynching of Thomas Shipp and Abram Smith: A Dark Mirror of American History
07 Aug 2026 Leave a comment
in discrimination, economic history, economics of crime, law and economics, politics - USA Tags: racial discrimination
On the night of August 7, 1930, the small city of Marion, Indiana became the site of one of the most infamous and haunting episodes of racial violence in American history—the lynching of Thomas Shipp and Abram Smith. What makes this event particularly searing in the American consciousness isn’t just the brutality of the act. […]
The Lynching of Thomas Shipp and Abram Smith: A Dark Mirror of American History
New Zealand shows how to solve the equal pay crisis
07 Aug 2026 Leave a comment
in applied price theory, discrimination, economic history, economics of regulation, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap
Outgoing governments often try to craft a legacy for themselves by introducing policy traps that incoming governments find hard to undo, such as Rishi Sunak’s National Insurance cuts in 2024 or Gordon Brown’s introduction of the 50p top rate of income tax in 2010. Keir Starmer just did something similar by initiating a huge expansion in the […]
New Zealand shows how to solve the equal pay crisis
The New McCarthys: Forty Percent of Professors Would Vote Against Hiring a Trump Voter
06 Aug 2026 Leave a comment
in discrimination, economics of education, human capital, labour economics, politics - USA Tags: free speech, political correctness, regressive left
According to a new survey, roughly 40 percent of college faculty would “oppose hiring a Trump supporter.” The results of…
The New McCarthys: Forty Percent of Professors Would Vote Against Hiring a Trump Voter
The population bust
05 Aug 2026 Leave a comment
in development economics, economic history, labour economics, labour supply, population economics
My Quillette review of Steve Stewart-Williams’s new book on sex differences in humans
02 Aug 2026 Leave a comment
in discrimination, economics of education, gender, liberalism, Marxist economics Tags: political correctness, regressive left
Steve Stewart-Williams has recently published an informative and readable new book (link at the screenshot just below), and my 4000-word review of it for Quillette just appeared (click second screenshot below for the review): As I implied, my review is laudatory, with only a few (really one) reservations, which is minor. It’s not a “page…
My Quillette review of Steve Stewart-Williams’s new book on sex differences in humans
The Most Depressing Chart about Germany
31 Jul 2026 Leave a comment
in applied price theory, fiscal policy, human capital, labour economics, labour supply, macroeconomics, poverty and inequality, welfare reform Tags: Germany
I’ve used the “most depressing chart” approach when writing about the United States, about Europe, about Japan, and about the western world. Today, let’s focus on Germany. And I’ll start with a caveat. I wrote about Germany earlier this month and that column included several charts that might qualify. Especially the last visual which showed […]
The Most Depressing Chart about Germany
RODNEY HIDE: The Strange New Face of Women’s Empowerment
30 Jul 2026 1 Comment
in discrimination, economics of religion, gender, law and economics, liberalism, Marxist economics Tags: political correctness, regressive left, sex discrimination
Here is a single image that captures the extent to which we are lost. Khadija Patel stands at the Palace of Westminster, recipient of the British Citizen Award 2026 for her “work empowering young women.” She is covered from head to toe. Only her eyes are visible. The official caption celebrates her as a champion…
RODNEY HIDE: The Strange New Face of Women’s Empowerment
New Research Further Confirms Anti-Growth Impact of Wealth Taxation
30 Jul 2026 1 Comment
in applied price theory, economic growth, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, liberalism, macroeconomics, Marxist economics, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
I’ve shared multiple studies about the harmful impact of wealth taxes (see here, here, here, here, and here). Today, let’s add to the body of evidence. I’ll start by calling attention to a column I wrote in 2019 that warned how wealth taxes mean very high – even confiscatory – taxes on saving and investment. […]
New Research Further Confirms Anti-Growth Impact of Wealth Taxation
The economic effects of GLP-1s
30 Jul 2026 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, labour economics, labour supply, survivor principle
We estimate the causal impacts of GLP-1 treatment on labor market outcomes using linked Danish administrative data and a matched stacked difference-in-differences design. We compare patients who initiate GLP-1 treatment during the first two years of Semaglutide availability to observably similar patients who initiate four years later. We find that GLP-1 treatment reduces long-term sickness…
The economic effects of GLP-1s
Criminal “Villification”: Australia Court Upholds Conviction, Massive Fine, and Compelled Speech in Transgender Case
29 Jul 2026 Leave a comment
in discrimination, economics of regulation, gender, law and economics, liberalism, Marxist economics, politics - Australia, politics - USA, property rights Tags: free speech, political correctness, regressive left, sex discrimination
We have followed the evisceration of free speech values in the United Kingdom and other Western nations. Australia has been…
Criminal “Villification”: Australia Court Upholds Conviction, Massive Fine, and Compelled Speech in Transgender Case
The Apples and Oranges Tribunal
28 Jul 2026 Leave a comment
in applied price theory, discrimination, economics of education, economics of regulation, gender, labour economics, labour supply, law and economics, liberalism, Marxist economics, poverty and inequality, property rights Tags: gender wage gap, sex discrimination
Suppose that apples sell for more than oranges and Parliament in it’s wisdom decides that, at last, apples and oranges must be compared. Not by shoppers — shoppers are biased, they merely reveal what they are willing to pay — but by a tribunal, which will determine whether apples and oranges are of truly equal…
The Apples and Oranges Tribunal
The common sense of Fareed Zakaria
28 Jul 2026 Leave a comment
in development economics, economic growth, economic history, fiscal policy, labour economics, macroeconomics, unemployment
This is one of the best Op-Eds you will read this year, though it deliberately deemphasizes the personal (no one is attacked) in a manner that will result in less attention. Better to write the truth! Excerpt: Why has this [voter discontent} happened? Some of it is economic. Expensive housing, stagnant incomes and widening inequality have fueled public…
The common sense of Fareed Zakaria
Utopia, you are standing in it! 
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