Martin Gurri has a very good, deep-dive on the current situation in Cuba. The wreckage of the Cuban economy really can’t be exaggerated. The perpetual blackouts are an apt symbol of a country that is headed for the dark ages. For the first time since the revolution, Cuba is begging the United Nations for food aid. Nearly […]
Cuba Libre
Cuba Libre
05 Apr 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking Tags: Cuba
Unfettered: Fishback 25 Years Later
04 Apr 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, discrimination, economic history, health and safety, human capital, labour economics, labour supply, law and economics, occupational choice, poverty and inequality, unemployment, unions Tags: racial discrimination
A quarter century ago, economist Price Fishback published “Operations of ‘Unfettered’ Labor Markets: Exit and Voice in American Labor Markets at the Turn of the Century” 1,762 more words
Unfettered: Fishback 25 Years Later
The Big Lie Behind DEI
04 Apr 2024 Leave a comment
in discrimination, economic history, economics of bureaucracy, gender, human capital, labour economics, labour supply, law and economics, liberalism, Marxist economics, occupational choice, politics - USA, poverty and inequality, Public Choice Tags: affirmative action, Age of Enlightenment, free speech, political correctness, racial discrimination, regressive left, sex discrimination
Below is an article describing how the woke industry started and expanded by advancing a fundamental lie about human happiness and social fairness. The image above calls attention to the notion that sorts individuals into classes and attributes inequalities in status or prosperity to oppression by others. The lie is that any disappointment or disadvantage […]
The Big Lie Behind DEI
Universal Basic Income: The Freiman-Caplan Debate
27 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, politics - USA, poverty and inequality, Public Choice Tags: child poverty, family poverty, negative income tax
As expected, I really enjoyed the Institute for Liberal Studies’ UBI debate between myself and Chris Freiman. Chris was definitely the least enthusiastic UBI supporter I’ve debated. All the way to the point of, “Given all the truly promising ideas we have, and the downside risks of the UBI, perhaps I shouldn’t even publicly defend…
Universal Basic Income: The Freiman-Caplan Debate
Eat the Rich: Warren Plan Would Impose Wealth Tax, Captivity Tax, and $100 Billion for Increasing Tax Audits
23 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, economic growth, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
The wealth tax is back. We have previously discussed the constitutional and policy concerns surrounding the push by Democrats like Sen. Elizabeth Warren (D., Mass.) to introduce a wealth tax that would start with billionaires. It would not likely end there. The law would also apply the same type of California approach to wealthy families […]
Eat the Rich: Warren Plan Would Impose Wealth Tax, Captivity Tax, and $100 Billion for Increasing Tax Audits
Nikole Hannah-Jones on reparations for descendants of slaves
21 Mar 2024 Leave a comment
in discrimination, economics of crime, economics of education, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, Marxist economics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking Tags: affirmative action, free speech, political correctness, racial discrimination, regressive left
As you know, I go back and forth on the question of affirmative action for college and professional-school admissions, and even after I thought I’d settled on a view (i.e., give some preference to minorities among those equally qualified for admission), it still keeps changing. After I read the long New York Times piece below […]
Nikole Hannah-Jones on reparations for descendants of slaves
An Open Letter to Nobel-laureate Economist Angus Deaton
13 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, income redistribution, international economics, labour economics, labour supply, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment Tags: creative destruction, free trade, tariffs
TweetProf. Angus Deaton Princeton University Prof. Deaton: Over the years I’ve learned much from your writings, and I regard your 2013 The Great Escape as one of the most important books published in the past 15 years. So I was quite surprised and disappointed to read that you, as you say, are now “much more…
An Open Letter to Nobel-laureate Economist Angus Deaton
What media bias looks like
11 Mar 2024 Leave a comment
in labour economics, labour supply, politics - New Zealand, poverty and inequality, welfare reform Tags: marriage and divorce
Lindsay Mitchell writes – When news media took a pummelling last week at both TVNZ and TV3, a number of critics said part of the reason ratings are poor is the public don’t trust them. The public believe that the media is biased. The print media is similarly suspect. An article in Stuff on Sunday […]
What media bias looks like
Child poverty – complex or simple?
26 Feb 2024 Leave a comment
in applied price theory, applied welfare economics, labour economics, labour supply, politics - New Zealand, poverty and inequality, unemployment, welfare reform Tags: child poverty, family poverty
Question: Do you understand how the child poverty statistics are derived? Clearly some people do not. Last week the latest child poverty statistics were all over the media. But there are a number of misunderstandings that need addressing. Like this one from NewstalkZB’s John MacDonald who wrote: “Living in households that get-by on less than…
Child poverty – complex or simple?
When it comes to lifetime earnings, the most important decision appears to be the choice of college major
25 Feb 2024 Leave a comment
in econometerics, economics of education, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: College premium
See Choices and consequences in the real “game of life”: From falling in with “bad apples” to choosing a major, economists decipher how early decisions shape long-term outcomes by Jeff Horwich, Senior Economics Writer for the Federal Reserve Bank of Minneapolis. Excerpt:”The research on Minnesota students from Nath, Borovičková, and Leibert (discussed above) finds that while…
When it comes to lifetime earnings, the most important decision appears to be the choice of college major
Bari Weiss interviews Roland Fryer
22 Feb 2024 Leave a comment
in applied price theory, discrimination, econometerics, economic history, economics of crime, economics of education, human capital, labour economics, labour supply, law and economics, occupational choice, politics - USA, poverty and inequality Tags: academic bias, crime and punishment, free speech, law and order, political correctness, racial discrimination, regressive left
A lot of readers and heterodox colleagues have sent me this link to Bari Weiss’s interview with Harvard economics professor Roland G. Fryer, Jr., often accompanied by big encomiums. Despite my unwillingness to watch long videos, I did watch all 77 minutes of it. Unfortunately, I wasn’t mesmerized, or even much interested. There are interesting […]
Bari Weiss interviews Roland Fryer
John Tamihere – Why did he change?
18 Feb 2024 Leave a comment
in discrimination, economic history, economics of education, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality Tags: New Zealand, racial discrimination
Pay Transparency: What’s Good to Know?
15 Feb 2024 Leave a comment
in discrimination, econometerics, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap
In some countries, like Norway, your income tax forms are public information, so any one can look up what anyone else earns. In a US context, income is mostly considered to be private information, unless you are a public employee or an executive at a public company. Would it be a good thing to have…
Pay Transparency: What’s Good to Know?
Alice Evans on the ideological gender divide
13 Feb 2024 Leave a comment
in discrimination, economics of education, gender, health and safety, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: evolutionary biology, evolutionary psychology, gender wage gap, sex discrimination
I suggest, Men and women tend to think alike in societies where there is Close-knit interdependence, religosity and authoritarianism, or Shared cultural production and mixed gendered offline socialising. Gendered ideological polarisation appears encouraged by: Feminised public culture Economic resentment Social media filter bubbles Cultural entrepreneurs. Here is the full piece, currently the best piece on […]
Alice Evans on the ideological gender divide
Utopia, you are standing in it! 
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