Source: From Subsistence to Exchange and Other Essays – Lord Peter Tamas Bauer – Google Books
PT Bauer on wealth and power
06 Jun 2016 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, labour economics, liberalism, P.T. Bauer, poverty and inequality, Public Choice Tags: wealth and power
Poverty halves in #LatinAm in last 10 years, @WBG_Poverty @WorldBank still grumbling
05 Jun 2016 Leave a comment
in development economics, economic history, economics of bureaucracy, poverty and inequality
The World Bank should enquire more as to why particular Latin countries succeeded while others did not and the economic systems employed in each.
Hayek on what determines market incomes
05 Jun 2016 Leave a comment
in applied price theory, entrepreneurship, F.A. Hayek, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: distributive justice, social justice
NZ #UBI can be only $4,700 @JordNZ @GrantRobertson1 @GeoffSimmonz
04 Jun 2016 Leave a comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality Tags: expressive voting, growth of government, New Zealand Labor Party, rational irrationality, size of government, social insurance, universal basic income, welfare state
A universal basic income in New Zealand will have to be financed by a great big new tax because the existing ones are not enough according to the Economist calculations below.
HT: Paul Kerby.
Few of the top 50 billionaires inherited their wealth
01 Jun 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, financial economics, human capital, labour economics, poverty and inequality, unions Tags: entrepreneurial alertness, inherited wealth, superstar wages, superstars, top 0.1%, top 1%
Of the 15 inheritance based billionaires, three are from the Walton family, two are the Koch brothers and another three are from the Mars family.
Source: The world’s top 50 billionaires: A demographic breakdown.
More on down and out in America
30 May 2016 Leave a comment
in poverty and inequality Tags: consumption inequality, living standards
Are the Poor Getting Poorer?
28 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, economics, labour economics, poverty and inequality Tags: pessimism bias, The Great Enrichment
The geography of U.S. poverty since 1960
26 May 2016 Leave a comment
in economic history, labour economics, poverty and inequality Tags: child poverty, family poverty, regional economic development
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The decline and decline of the rentier class in the USA
24 May 2016 Leave a comment
in economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
Looks like the Reagan Revolution coincided with the American rich going out to work for a living. They started earning most of their incomes from wages, salaries and pensions or from entrepreneurial income. The American rich are now working rich; top wage earners, not top income earners.
Source: The World Wealth and Income Database.
More on the top 1% giving women a pass on the great wage stagnation
23 May 2016 Leave a comment
in discrimination, economic history, economics of media and culture, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, middle class stagnation, reversing gender gap, wage stagnation
Source: Read Online — Visualizing Economics.
% of top incomes from wages, salaries and pensions
23 May 2016 Leave a comment
in applied price theory, applied welfare economics, economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, poverty and inequality, survivor principle Tags: entrepreneurial alertness, envy, superstar wages, superstars, top 1%, top incomes
Everybody from the top 10% to the top 0.01% have to work for their living these days with much of their income coming from wages.
Source: The World Wealth and Income Database.
Bryan Bruce’s boy’s own memories of pre-neoliberal #NewZealand @Child_PovertyNZ
23 May 2016 Leave a comment
in applied welfare economics, comparative institutional analysis, economic history, economics of regulation, income redistribution, industrial organisation, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: child poverty, conspiracy theories, expressive voting, family poverty, Leftover Left, living standards, neoliberalism, Old Left, pessimism bias, rational irrationality, reactionary left, top 1%
New work by Chris Ball and John Creedy shows substantial *declines* in NZ inequality.
initiativeblog.com/2015/06/24/ine… http://t.co/f94fw4Bhae—
Eric Crampton (@EricCrampton) June 24, 2015
You really are still fighting the 1990 New Zealand general election if Max Rashbrooke makes more sense than you on the good old days before the virus of neoliberalism beset New Zealand from 1984 onwards.
Source: Mind the Gap: Why most of us are poor | Stuff.co.nz.
Bryan Bruce in the caption looks upon the New Zealand of the 1960s and 70s as “broadly egalitarian”. Even Max Rashbrooke had to admit that was not so if you were Maori or female.
The present rate of technology adoption is nearly a vertical line —@blackrock https://t.co/3oS3YAI4ld—
Vala Afshar (@ValaAfshar) January 22, 2016
Maybe 65% of the population of those good old days before the virus of neoliberalism. were missing out on that broadly egalitarian society championed by Bryan Bruce.
As is typical for the embittered left, the reactionary left, gender analysis and the sociology of race is not for their memories of their good old days. New Zealand has the smallest gender wage gap of any of the industrialised countries.
The 20 years of wage stagnation that proceeded the passage of the Employment Contracts Act and the wages boom also goes down the reactionary left memory hole.
That wage stagnation in New Zealand in the 1970s and early 80s coincided with a decline in the incomes of the top 10%. When their income share started growing again, so did the wages of everybody after 20 years of stagnation. The top 10% in New Zealand managed to restore their income share of the early 1970s and indeed the 1960s. That it is hardly the rich getting richer.
“Bourgeois Equality” lecture
28 Apr 2016 Leave a comment
in applied welfare economics, development economics, economic history, economics, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, industrial organisation, poverty and inequality, survivor principle Tags: Deirdre McCloskey, industrial revolution, The Great Enrichment
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