Here’s the latest video from Marginal Revolution University. It covers negative externalities–drawing, of course, from the most innovative and interesting principles of economics textbook, Modern Principles of Economics. MRU videos are free for anyone’s use anytime, anywhere and don’t forget there are also two new econ-practice games on negative externalities and positive externalities and a fun choose […]
New MRU Video! Negative Externalities
New MRU Video! Negative Externalities
31 Oct 2024 Leave a comment
in applied price theory, economics of information, environmental economics, law and economics, property rights, Ronald Coase
Biden-Harris policies and their consequences were no surprise to those paying attention
30 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, fiscal policy, global warming, health economics, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: 2024 presidential election, drug lags, taxation and entrepreneurship, taxation and investment
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from the noise. In this sense, the “ambitious” policy agenda of the Biden-Harris administration was expected to be a gift to the research community. Accepting this gift, since 2020 I have been making forecasts…
Biden-Harris policies and their consequences were no surprise to those paying attention
Trans is Now An Issue in the US Election
29 Oct 2024 Leave a comment
in discrimination, gender, law and economics, politics - USA Tags: 2024 presidential election, free speech, political correctness, regressive left
We must not publish a study that says we’re harming children because people who say we’re harming children will use the study as evidence that we’re harming children, which might make it difficult for us to continue harming children. I did not think that would be the case because it’s a Culture War issue and […]
Trans is Now An Issue in the US Election
Over the Border: Gun and Torts Liability to Collide in Mexican Case Before the Supreme Court
28 Oct 2024 Leave a comment
in development economics, economics of crime, economics of regulation, growth disasters, law and economics, politics - USA, property rights Tags: Mexico
This month, there is a new case on the docket after the Supreme Court granted certiorari in Smith & Wesson Brands v. Estados Unidos Mexicanos. The First Circuit reversed a trial court that dismissed the case, alleging that the American firearms industry is legally responsible for violence in Mexico. I believe the First Circuit is […]
Over the Border: Gun and Torts Liability to Collide in Mexican Case Before the Supreme Court
Rural and coastal residents delay, block green energy projects
28 Oct 2024 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, law and economics, property rights, Public Choice Tags: celebrity technologies, solar power, wind power
Environmentalists insist that they love the “little guys” — until they get in their way, ask inconvenient questions or try to block renewable energy projects intended to save the planet from “human-caused climate cataclysms.”
Rural and coastal residents delay, block green energy projects
Vegas, CSICon, sex and nooz
27 Oct 2024 Leave a comment
in defence economics, discrimination, gender, law and economics, politics - USA, property rights, war and peace Tags: Age of Enlightenment, free speech, Gaza Strip, Iran, Israel, Middle-East politics, political correctness, regressive left, sex discrimination, war against terror
I’ve been busy at the CSICon conference, which included giving my own 30-minute presentation this morning. I had to modify it to take into account the misguided views of Steve Novella, who gave a talk yesterday about “When Skeptics Disagree.” It turned out to be largely a diatribe about how sex in humans is not […]
Vegas, CSICon, sex and nooz
Three Strikes law slightly improved but still unlikely to be an effective deterrent
25 Oct 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: crime and punishment, criminal deterrence, law and order
Nicole McKee announced: The Government is listening to New Zealanders and Cabinet has agreed to recommend modifications to the Sentencing (Reinstating Three Strikes) Amendment Bill, Associate Justice Minister Nicole McKee says. I’m glad they took on board that the bill as introduced was so watered down from the old law, that it would not be…
Three Strikes law slightly improved but still unlikely to be an effective deterrent
Te Pati Maori back the drug dealers vs the Police
24 Oct 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: crime and punishment, criminal deterrence, law and order
The Herald reports: Te Pāti Māori claims a police operation targeting Mongrel Mob members and associates alleged to be involved in a drug distribution network was “terrorism” and motivated by a “racist agenda”. It is amazing that a political party defends drug dealing gangs, and hates the Police so much they call them terrorists. TPM say they are…
Te Pati Maori back the drug dealers vs the Police
Reflections on United Arab Emirates
23 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, energy economics, growth miracles, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, property rights, Public Choice Tags: Dubai, economics of immigration
On my way to India, I connected through Abu Dhabi, capital city of the United Arab Emirates (UAE). During my one-day layover, I toured not only Abu Dhabi, but its more famous sister-city, Dubai. Here are my main thoughts.In Dubai, these are not empty words.Per-capita, UAE is the most amazing country I’ve ever seen. With…
Reflections on United Arab Emirates
Sir Apirana Ngata on The Treaty
21 Oct 2024 Leave a comment
in constitutional political economy, economic history, law and economics, politics - New Zealand, property rights Tags: constitutional law
Sir Apirana Ngata is on our $50 note. He was a lawyer and then was the MP for Eastern Maori for almost 40 years. He was Minister of Native Affairs for six years.He made huge contributions to Maori land reform, language and culture. He also wrote a booklet in 1922 on the Treaty of Waitangi, […]
Sir Apirana Ngata on The Treaty
Why I wouldn’t vote for Trump
19 Oct 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Nate Silver has a good way of explaining why he will vote for Kamala Harris. Before he looks at anything else, he asks is there anything that is disqualifying about a candidate. His answer is Trump’s support of January 6 disqualifies him, and there is nothing Harris has done that is disqualifying, so he will […]
Why I wouldn’t vote for Trump
GARY JUDD KC: A student should not be forced to learn about tikanga to be a lawyer
19 Oct 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of crime, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
My oral submission to the Regulation Review Committee. Yesterday [Oct 16], Parliament’s Regulation Review Committee heard oral submissions concerning my complaint to the Committee asking that a member of the committee move a resolution asking the House of Representatives to disallow the regulations promulgated by the New Zealand Council of Legal Education. If the regulations…
GARY JUDD KC: A student should not be forced to learn about tikanga to be a lawyer
IDF reports that Yahya Sinwar is dead “with high likelihood”
18 Oct 2024 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, war against terror
UPDATE: The verification is almost complete. From the Times of Israel: Channel 12 publishes what it says is a police document showing that one of the identification tests conducted earlier today regarding the body of a dead terrorist, apparently on the basis of photographic dental comparisons, found a “full match” to Hamas leader Yahya Sinwar. […]
IDF reports that Yahya Sinwar is dead “with high likelihood”
Judd on Tikanga
18 Oct 2024 Leave a comment
in discrimination, economic history, economics of bureaucracy, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Who makes the law? New report challenges Supreme Court’s expanding role
17 Oct 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand, property rights Tags: constitutional law
News from the New Zealand Initiative – A new report from The New Zealand Initiative warns of a looming constitutional crisis in New Zealand, as the Supreme Court increasingly oversteps its bounds, threatening the balance of power between the courts and Parliament. The report, “Who Makes the Law? Reining in the Supreme Court,” authored by […]
Who makes the law? New report challenges Supreme Court’s expanding role
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