Brilliant Hayek Lecture 2017: “Is the World Over or Underpopulated, and How Would We Know?”
18 Jan 2019 Leave a comment
in applied price theory, applied welfare economics, development economics, economics of education, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, health economics, human capital, international economics, labour economics, labour supply, law and economics, population economics, Rawls and Nozick Tags: The Great Enrichment
RE: Economists’ Statement on Carbon Dividends
18 Jan 2019 Leave a comment
I just got an email asking me to sign on to an open letter arguing for some carbon tax policies. I’m seeing some push back from (smart, economically literate) Facebook friends, but I think it’s a viable step in the right direction.
Here’s the statement paraphrased:
We think global warming is an important and urgent issue and we recommend these five things:
1. A carbon tax is the best, most cost-efficient way to do as much about carbon as needs to be done. [For a given level of carbon reduction, I agree. How much carbon reduction should happen (and how much at government behest) I am deeply agnostic about.]
2. We think this should be phased in over time and should be revenue neutral. [Yes on both points, but the rest of the statement makes it seem like they’re talking about a pretty short time horizon. I’m not sure how…
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Latest round with shifty @jamespeshaw
18 Jan 2019 Leave a comment
in environmental economics, global warming, politics - New Zealand

Explained: Kowloon Walled City
18 Jan 2019 Leave a comment
in economic history, International law, Public Choice
The Blow Monkeys – It Doesn’t Have to Be This Way
18 Jan 2019 Leave a comment
in applied price theory, Music
Center For Consumer Freedom Launches “Dumbest PETA Campaign”
17 Jan 2019 Leave a comment
The Center for Consumer Freedom has started the Dumbest PETA Campaign Contest. Will Coggin with the Center for Consumer Freedom, which is hosting the contest, is also managing director of the PETAKillsAnimals.com website. Coggin says his group wants the public to log in to vote for PETA’s dumbest campaign.
Coggin says they got idea for the contest after PETA’s latest Facebook posting and that many consumers get the wrong idea about what PETA’s goals are.
From now until January 31st, you can vote by going to the website to vote. Remember, PETA stands for People for the Extortion, Torture and Abuse of human beings. Below is a video excerpt from the show South Park that featured a segment poking fun at the human hate group.
Michael Gove attacks @jeremycorbyn’s suitability to be a PM (16Jan19)
17 Jan 2019 Leave a comment
in defence economics, economics of crime, law and economics Tags: British politics, regressive left
How Expert Are Expert Stock Pickers?
17 Jan 2019 Leave a comment
in applied price theory, economic history, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, passive investing
The 53 Second, 22 Dollar Shortest Flight in the World
17 Jan 2019 Leave a comment
in entrepreneurship, transport economics
How I awoke from being a socialist to a sane person – A review of ‘The Anti-Capitalistic Mentality’, by Ludwig von Mises
17 Jan 2019 Leave a comment
By Andy Duncan, Vice-Chairman of Mises UK
Back in 1998, I was working in the filthy world of trade. I’d received this book from Mises.org one morning and had to wait until lunchtime before I could read it. I then sat in my car in a dreary supermarket car park and opened it up. It took less than an hour to get through. However, the clarity, the penetration, the directness, the sheer thrill of all those dense scales falling from my eyes melted my mind. Who was this Mises? And why had he made me feel so very uncomfortable?
Via the pages of this book, Mises had told me the truth about life, the universe, and everything. He’d tumbled the monuments in my mind, to Marx, by taking a wrecking ball to them.
This book essentially details the societally destructive power of human envy. Like a fine Bossa Nova dancer…
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Nice contrast
17 Jan 2019 Leave a comment
in economics of information, politics - USA, Thomas Sowell

David D. Friedman — A Positive Account of Rights (Budapest, 2018)
17 Jan 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, David Friedman, economics of crime, law and economics, property rights Tags: economics of anarchy
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