A new record for wind energy (during a storm)

16 Jun 2019 Leave a comment

by Jim Rose in applied price theory

trustyetverify's avatarTrust, yet verify

A storm headed over our country at the end of last week. That inevitably means advocates of wind energy praising how wonderful wind energy is doing and how much electricity was produced by wind. That is exactly what happened and apparently we even have a new record…

It was Chris Derde (manager of energy provider Wase wind) who broke the news. He tweeted that wind energy had a new record production of 3 GW(h) and that nuclear power plants lowered their production by 0.5 GW(h). This was one of the two images that accompanied the tweet, illustrating the record:

Tweet Chris Derde 20190608 chart wind

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What drives the gender wage gap

16 Jun 2019 Leave a comment

by Jim Rose in discrimination, economics of education, economics of love and marriage, gender, human capital, labour supply, law and economics, occupational choice Tags:

#OTD now 50 years of staying stum

16 Jun 2019 Leave a comment

by Jim Rose in economics of information, economics of media and culture Tags: ,

49 years

Friedrich Hayek and James Buchanan: Pattern Prediction and Scientism

16 Jun 2019 Leave a comment

by Jim Rose in Armen Alchian, Austrian economics, F.A. Hayek, history of economic thought Tags:

Compensation differentials in the R&D labour market

16 Jun 2019 Leave a comment

Image by Jim Rose

Milton Friedman Interview with Gary Becker (2003)

16 Jun 2019 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, development economics, economic history, economics of education, economics of information, economics of regulation, Gary Becker, history of economic thought, industrial organisation, labour economics, law and economics, macroeconomics, Milton Friedman

The Challenge of Building a Self-Driving Car

16 Jun 2019 Leave a comment

by Jim Rose in entrepreneurship, transport economics Tags: ,

What If – Two Pivotal Moments of World War 1 I THE GREAT WAR Week 99

16 Jun 2019 Leave a comment

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

Note for @SenSanders and his sucking up to teacher’s unions

16 Jun 2019 Leave a comment

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Britain Votes to Leave – WW2 – 042 – June 15 1940

16 Jun 2019 Leave a comment

by Jim Rose in defence economics, economic history, war and peace Tags:

If the experts spoke honestly about the costs and benefits of government programs

15 Jun 2019 Leave a comment

by Jim Rose in applied welfare economics, economics of information, environmental economics, health and safety, health economics Tags: ,

Note for @JulieAnneGenter

15 Jun 2019 Leave a comment

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Earth and Universe As Never Seen Before

15 Jun 2019 Leave a comment

by Jim Rose in applied price theory

Ron Clutz's avatarScience Matters

https://gfycat.com/littlespicyamericanblackvulture

This is an introduction to amazing graphics done by Eleanor Lutz (no relation) at her website Tabletop Whale, an original science illustration blog. Above is a data-based view of Earth’s seasons. If you watch in full screen, the four corners show views of the cycle from top, bottom, and sides. Below is her map of the solar system, showing how much scientific information is represented in the illustration (H/T Real Clear Science)

An Orbit Map of the Solar System
JUNE 10 2019 · Link to the Open-Source Code

This week’s map shows the orbits of more than 18000 asteroids in the solar system. This includes everything we know of that’s over 10km in diameter – about 10000 asteroids – as well as 8000 randomized objects of unknown size. This map shows each asteroid at its exact position on New Years’ Eve 1999.

All of the data for this…

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Governing well, or just slowly making us poorer?

15 Jun 2019 Leave a comment

by Jim Rose in applied price theory

Michael Reddell's avatarcroaking cassandra

I noticed in the Herald this morning Audrey Young’s article running the line that (a) it had been a good  –  in fact, exceptional – week for the government, which had (she claimed) been governing well, and (b) that one example of this was yesterday’s reopening of the Wairoa-Napier railway line.   There was a celebratory article on the reopening in this morning’s Dominion-Post, which might better have been labelled as advertorial, and could easily have been taken straight from Shane Jones’s press secretaries.  It was, after all, only reopened with the (as yet) rather small amount of the Provincial Growth Fund that has actually been spent.  For this particular project, $6.2 million of taxpayers’ money, given to a loss-making SOE that, even running losses, had not itself considered the project viable.

This project was first announced in February 2018 and then I wrote a post about it, under…

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NASA’s plan to save Earth from a giant asteroid

15 Jun 2019 Leave a comment

by Jim Rose in economics of media and culture Tags:

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