Ronald Coase – Great minds of our time

08 Dec 2019 Leave a comment

by Jim Rose in applied price theory

kempton's avatarKempton - ideas Revolutionary

Ronald H. Coase

It is my great pleasure to finally fulfill my earlier promise to blog about professor Ronald H. Coase (1910 – 2013) in my Great Minds of Our Time series.

As I blogged earlier, “Here is prof. Coase’s 2003 Coase Centennial Speech (500MB QuickTime file, recommend downloading it before you watch it) from Ronald Coase Institute’s online material section.” I now can say I have watched or listened to the video more than three times now, and I am sure I will still learning from it when I watch it again.

I am going to use a different approach to blog about professor Ronald H. Coase for this Great Minds of Our Time entry. Here is my Top 10 list,

  1. Ronald is a really funny and sharp witted man as we clearly can see from his 2003 Coase Centennial Speech.
  2. Well, he does have a Nobel…

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Steven N. S. Cheung on the first Coase theorem

08 Dec 2019 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, comparative institutional analysis, law and economics, property rights, Ronald Coase, theory of the firm

From https://books.google.co.nz/books?id=_VAd-VhDlncC&pg=PA269&dq=steven+cheung+new+palgrave&hl=en&sa=X&ved=0ahUKEwjm_PT7ss3lAhUR7XMBHTOrB544ChDoAQg1MAI#v=onepage&q=steven%20cheung%20new%20palgrave&f=false

Green energy

08 Dec 2019 Leave a comment

by Jim Rose in energy economics, environmental economics, global warming Tags: ,

Jordan Peterson on “The Arrogance of the Intellect”

08 Dec 2019 Leave a comment

by Jim Rose in applied price theory

gjihad's avatarGreen Jihad

In his book Intellectuals and Society, Dr. Thomas Sowell points out that we live in times where intellectuals have quite a bit of influence and he provides an in depth look at the intellectual class.

According to Sowell, the high point of intellectual influence was the period between the 1960’s and 1980’s. However, intellectuals somewhat regained influence under the Obama Administration. Sowell also had something to say in his book about environmentalists too. He states:

Everything from economic central planning to environmentalism epitomizes the belief that third party elites know best and should be empowered to over-ride the decisions of others.

Nowhere was this more apparent when Paul Ehrlich advocated for policies geared to shrink populations by enforced sterilization based on his irrational claim that the availability of Earth’s resources to feed people would soon plummet due to overpopulation. Worst part about it, Ehrlich still predicts doom is right…

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What Does the Trump 2017 Tax Cut Imply for the U.S. Economic Growth, Inflation, and Government Debt?

08 Dec 2019 Leave a comment

by Jim Rose in economic history, geography, history of economic thought, macroeconomics, Public Choice, public economics Tags:

.@RossMcKitrick – An Evidence-Based Approach to Pricing CO2 Emissions and carbon tax futures contracts 4 July 2013

08 Dec 2019 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, economics of information, energy economics, entrepreneurship, environmental economics, financial economics, global warming, market efficiency, politics - Australia, politics - New Zealand, politics - USA, property rights, Public Choice, public economics Tags:

The Road to Moscow – German Invasion Plans – WW2 – 067 – December 7, 1940

08 Dec 2019 Leave a comment

by Jim Rose in defence economics, laws of war, war and peace Tags:

Why such small houses in Europe?

08 Dec 2019 Leave a comment

by Jim Rose in income redistribution, politics - USA, Public Choice, urban economics Tags: ,

POVERTY – Who’s to Blame? – The 2019 Hayek Memorial Lecture – Professor Bryan Caplan

08 Dec 2019 Leave a comment

by Jim Rose in applied price theory, applied welfare economics, development economics, economic history, economics of education, economics of regulation, growth disasters, growth miracles, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics, rentseeking, unemployment, welfare reform Tags: , , ,

How America politicised abortion | The Economist

08 Dec 2019 Leave a comment

by Jim Rose in economics of crime, law and economics, politics - New Zealand, politics - USA, property rights Tags: ,

The limits of equality in free societies

08 Dec 2019 Leave a comment

Image by Jim Rose

The Clash – London Calling

08 Dec 2019 Leave a comment

by Jim Rose in applied price theory

Vaccines are free so don’t blame poverty @DomPost

07 Dec 2019 Leave a comment

by Jim Rose in health economics, politics - New Zealand, poverty and inequality Tags: , , , ,

Ross McKitrick: a truth-based cap-and-trade linked to tropical troposphere temperature, which you can then short if a skeptic or go long if an alarmist

07 Dec 2019 Leave a comment

by Jim Rose in applied welfare economics, comparative institutional analysis, constitutional political economy, energy economics, environmental economics, global warming, Public Choice, public economics, rentseeking Tags: , ,

The Problem With “Green” Monetary Policy

07 Dec 2019 Leave a comment

by Jim Rose in applied price theory

Amol Agrawal's avatarMostly Economics

Otmar Issing in this Proj Synd piece says there is no thing as Green monetary policy:

Although there is increasing support for the idea that central banks should actively contribute to the fight against climate change, monetary policymakers have no mandate to do so, and for good reason. Tackling climate change is – and must remain – the responsibility of elected governments and parliaments.

Further:

the growing public demand that central banks contribute more actively to the fight against climate change leads to a different dimension. In theory, central banks could introduce preferential interest rates for “green” activities – thus driving up the prices of “green bonds” – while adopting a more negative attitude toward noxious assets, such as those tied to fossil fuels. And yet, assessing whether and to what extent an asset is environmentally harmful or helpful would be extremely difficult.

Putting aside these more technical issues, the…

View original post 324 more words

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