Celebrating humanity's flourishing through the spread of capitalism and the rule of law
05 Sep 2016 Leave a comment
in economics of crime, law and economics Tags: burglaries, law and order
30% of British burglaries are completely unsuccessful. Many more are reliant on chancing across a wallet or a decent piece of electrical equipment. Back in the day, a TV or VCR was worth a week’s wages. Now the fencing value of these things would be quite minor. The data below is from 2010 so there has been plenty of time for cash to fade away as a item to steal.
Source: Home Office via What burglars steal – and how they get in | News | theguardian.com.
02 Sep 2016 Leave a comment
in applied welfare economics, comparative institutional analysis, David Friedman, economics, law and economics
02 Sep 2016 Leave a comment
in constitutional political economy, law and economics, liberalism, libertarianism Tags: free speech, political correctness
30 Aug 2016 Leave a comment
in economics of love and marriage, law and economics Tags: child poverty, Doug Allen, family poverty, same-sex divorce, same-sex marriage, The fatal conceit, unintended consequences
Doug Allen argues that marriage is an institution designed and evolved to regulate incentive problems that arise between a man and a woman over the life cycle of procreation.
The real problem with same-sex marriage is same-sex divorce according to Allen. Marriage includes a set of exit provisions in terms of the possible grounds for divorce, rules for splitting property, alimony and child support rules, and custody rules. Allen also argues that:
Alterations in divorce laws to deal with issues of same-sex divorce necessarily apply to heterosexuals, and these new laws may not be optimal for heterosexuals, making marriage a more fragile institution for them. The actual outcomes of no-fault divorce laws, as an example, could hardly have been more different than what was expected and intended. The most obvious outcome was large increases in divorce rates.
No fault divorce laws influenced the rate at which women entered the workforce, the amount of hours worked in a week, the incidence of spousal abuse, the feminisation of poverty, and the age at which people married. No-fault divorce influenced a series of other laws related to spousal and child support, child custody, joint parenting, and the definition of marital property.
Marriage may provide a poor match for the incentive problems that arise in the relationships of gay and lesbian couples. Doug Allen is also of the view that putting all three relationships under the same law could lead to a sub-optimal law for all three types of marriages.
Allen in summary argues that marriage is an economically efficient institution moulded around the long-term interdependencies of child-rearing heterosexuals. He argues that homosexuals wishing to marry would be better served by a separate, gay-specific form of marriage.
I forgot to mention the second wives clubs which lobby for limits the length of time of alimony to the first wife. The British 2nd Wives club in their legal advice page starts with these points:
2nd wives clubs are natural allies for higher income gay divorcees wanting to pay less alimony. Nothing I have sent here is an argument against same-sex marriage willing as long as you are willing to live with the fact that it may have a few unintended consequences.
28 Aug 2016 Leave a comment
in constitutional political economy, law and economics
28 Aug 2016 Leave a comment
in discrimination, economics of love and marriage, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality, transport economics Tags: asymmetric marriage premium, commuting times, compensating differentials, female labour force participation, gender gap, gender wage gap
The first three bars in each cluster of bars are for men. in almost all countries mothers with dependent children spend less time commuting than childless women. This might suggest that working mothers have found workplaces closer to home than women without children. The gender gap in commuting where it is present in the country is larger than the gap between mothers and other women in their commuting time.
Source: OECD Family Database – OECD, Table LMF2.6.A.
28 Aug 2016 Leave a comment
in economics of love and marriage, politics - USA, Public Choice
19 Aug 2016 Leave a comment
in defence economics, economics, economics of crime, law and economics Tags: Israel, Left-wing hypocrisy, Middle-East politics, UN, war on terror
18 Aug 2016 Leave a comment
in economics of crime, human capital, labour economics, law and economics, occupational choice Tags: crime and punishment, criminal deterrence, law and order
18 Aug 2016 Leave a comment
in economics of crime, law and economics Tags: law and order
The Japanese are surprisingly worried and New Zealanders too. I lived in both countries. People go about at night without many fears except when it comes to answering Gallup surveys. I use the reliable test that a mugging will get on the front page because they are so unusual.
Source: Gallup.com Women Feel Less Safe Than Men in Many Developed Countries.
16 Aug 2016 Leave a comment
in economics of crime, law and economics Tags: law and order
09 Aug 2016 Leave a comment
in development economics, growth disasters, growth miracles, law and economics, property rights Tags: Brazil, doing business, Oxfam
Oxfam International managed to post a video clip blaming Brazilian poverty on inequality then tweet the same day on an important cause of poverty in developing nations. That important cause was the difficulty of establishing property rights in poor countries.
Brazil is a terrible place to start a business, register property, pay taxes and trade across borders to name but a few of many deficiencies is a business environment. Little wonder that it is poor because of all these factors that are within the remit of its government.
Source: Doing Business in Brazil – World Bank Group.
Oxfam International would serve the poor of Brazil and the rest of the Third World far better by spending more time complaining about bad business environments.
Countries that embraced capitalism such as in East Asia did far better than those in Latin America that hesitated and preferred crony capitalism.
Oxfam mislead its readers about the degree of inequality in Latin America compared to the past.
08 Aug 2016 Leave a comment
in behavioural economics, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, industrial organisation, law and economics, Public Choice Tags: industrial revolution, The Great Fact
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