For the last eight years or so, going back before the pandemic, Mexico’s economy has been growing at 1% per year or less, which is barely faster than the population of Mexico has been growing. It is a fact of arithmetic that an upper-middle-income country, as Mexico is classified by the World Bank, will not…
Slow Growth: Mexico Edition
Slow Growth: Mexico Edition
16 Sep 2026 Leave a comment
in development economics, economics of regulation, entrepreneurship, growth disasters, industrial organisation, law and economics, property rights, survivor principle Tags: Mexico
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
11 Sep 2026 Leave a comment
in applied price theory, economics of information, economics of regulation, history of economic thought, industrial organisation, law and economics, property rights
Economists and lawyers know that almost every contract is incomplete. Contracts routinely omit or leave undefined important terms, and they rarely anticipate every circumstance that might frustrate performance. The reason is simple: It makes little sense to spend $1,000 drafting a provision that has an expected value of only $100. Parties therefore leave lower-value contingencies…
‘Incomplete Contracts and the Theory of Contract Design,’ by Robert Scott and George Triantis
This U.S. Citizen Is Suing ICE for Arresting Him 3 Times. His Lawsuit Is Moving Forward.
05 Sep 2026 1 Comment
in labour economics, labour supply, law and economics, politics - USA, property rights Tags: constitutional law, economics of immigration
Despite carrying a REAL ID, Leo Garcia Venegas has been repeatedly detained by immigration agents. Now he’s suing to block immigration raids targeting Latinos on private construction sites.
This U.S. Citizen Is Suing ICE for Arresting Him 3 Times. His Lawsuit Is Moving Forward.
Excellent constitutional ideas from ACT
03 Sep 2026 Leave a comment
in constitutional political economy, law and economics, politics - New Zealand, property rights, Public Choice Tags: 2026 general election, constitutional law
ACT have proposed a number of good constitutional ideas. They are: Add to the Constitution Act 1986: The Constitution Act is not supreme law. So putting these principles in there doesn’t impact any particular court decisions, but it is an important assertion of democratic values. ACT will add property rights to the New Zealand Bill…
Excellent constitutional ideas from ACT
FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews
27 Aug 2026 Leave a comment
in economics of regulation, entrepreneurship, environmental economics, environmentalism, industrial organisation, law and economics, politics - USA, property rights, transport economics Tags: space
FAA moves to ensure regulatory processes serve genuine environmental interests rather than becoming a legal mechanism for undermining American space competitiveness. The post FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews appeared first on Watts Up With That?.
FAA Moves to Exempt Commercial Rocket Launches From Key Environmental Reviews
West Point Professor Challenges Ban on “Un-American, Divisive…Radical, Extremist, and Irrational Theories.”
23 Aug 2026 Leave a comment
in economics of education, economics of regulation, law and economics, politics - USA, property rights Tags: free speech
There is an important lawsuit being litigated in the Southern District of New York over the limits of free speech…
West Point Professor Challenges Ban on “Un-American, Divisive…Radical, Extremist, and Irrational Theories.”
The International Court of Justice Climate Liability Ruling Sets a Worrying Precedent for Pandemics and Public Health
19 Aug 2026 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, property rights, regulation, resource economics
In many countries the Covid response mimicked the climate change playbook. The catastrophism of both agendas was based on models. Claims of scientific authority and existential crisis escalated the agendas into moral crusades and people were asked to bear sacrifices for the good of the collective humanity and the planet. The post The International Court…
The International Court of Justice Climate Liability Ruling Sets a Worrying Precedent for Pandemics and Public Health
A rent control experiment
13 Aug 2026 1 Comment
in applied price theory, econometerics, economic history, economics of information, economics of regulation, law and economics, property rights Tags: offsetting behavior, rent control, unintended consequences
The limits Una Jagose KC cannot name
11 Aug 2026 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of crime, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
When former Solicitor-General Una Jagose KC told a Law Association breakfast on 2 July 2026 that New Zealand risks “sleepwalking” towards a collapse of the separation of powers, she framed herself as the constitution’s anxious guardian. The framing deserves scrutiny.
The limits Una Jagose KC cannot name
The Endangered Species Act Reduces Housing
31 Jul 2026 Leave a comment
in applied price theory, econometerics, economics of regulation, environmental economics, environmentalism, law and economics, politics - USA, property rights, Public Choice, urban economics
Max Tabarrok’s paper on the Endangered Species Act and housing (WP) has just been published in the Journal of Public Economics! It’s a clever paper: Max observed that the moment an animal is put on the endangered species list, developers face enhanced compliance costs and liability risk. But what’s important for an empirical economist is…
The Endangered Species Act Reduces Housing
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
Utopia, you are standing in it! 
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