Here is a redux of our 2016 Journal of Economic Perspectives piece. Here is the abstract: We can imagine a plausible case for government support of science based on traditional economic reasons of externalities and public goods. Yet when it comes to government support of grants from the National Science Foundation (NSF) for economic research, […]
Alex and I consider how to reform the NSF in economics
Alex and I consider how to reform the NSF in economics
10 Feb 2025 Leave a comment
in applied price theory, economics of education, entrepreneurship Tags: creative destruction, R&D
Five More Climate Lawsuits Shot Down
10 Feb 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights Tags: climate activists, climate alarmism, nuisance suits
Legal Newsline reports the string of climate lawfare defeats in their article Fifth judge agrees with Big Oil, dismisses another climate change case. Excerpts in italics with my bolds and added images. TRENTON, N.J. (Legal Newsline) – A New Jersey state court judge refuses to be the one who sets international energy standards and has […]
Five More Climate Lawsuits Shot Down
If Cooks wants to have their own foreign policy, then let them be independent – of our aid
09 Feb 2025 Leave a comment
in development economics, international economics, International law, politics - New Zealand Tags: Cook Islands
Radio NZ reports: The New Zealand government says the Cook Islands has failed to properly consult it on proposed agreements its Prime Minister Mark Brown will be signing in China this week. Brown has now left for China without further consultation, RNZ understands. In a statement this afternoon a spokesperson for foreign affairs minister Winston […]
If Cooks wants to have their own foreign policy, then let them be independent – of our aid
Goldilocks and the Laffer Curve
09 Feb 2025 Leave a comment
in applied price theory, budget deficits, economic growth, entrepreneurship, fiscal policy, labour economics, labour supply, macroeconomics, politics - USA, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Other than Art Laffer, I think of myself as the world’s biggest advocate of the Laffer Curve. I’ve literally written hundreds of columns explaining and promoting the concept. My goal is to help people understand that there is not a linear relationship between tax rates and tax revenue. Why is this the case? Because when […]
Goldilocks and the Laffer Curve
Simon Wiesenthal’s interview for Penthouse Magazine
09 Feb 2025 Leave a comment
in defence economics, economics of crime, law and economics, laws of war, war and peace Tags: Nazi Germany, The Holocaust, World War II
Earlier this week, I wrote a blog post featuring quotes from Holocaust survivors. Among them, I came across a powerful statement by Simon Wiesenthal: “For your benefit, learn from our tragedy. It is not a written law that the next victims must be Jews. It can also be other people. We saw it begin in […]
Simon Wiesenthal’s interview for Penthouse Magazine
NCAA bans transgender athletes from women’s sports
09 Feb 2025 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - USA, property rights, sports economics Tags: free speech, political correctness, regressive left, sex discrimination
(This is my 29,994th post, so we’ll reach 30,000 by the end of the weekend. I don’t know what to think about that!) I think we all know now that most Americans, and a majority of individuals in both Democratic and Republican parties, oppose the participation of trans-identified males in women’s sports, presumably on the […]
NCAA bans transgender athletes from women’s sports
Austro-Hungarian House of Cards I THE GREAT WAR Week 185
08 Feb 2025 Leave a comment
in defence economics, war and peace Tags: World War I
Trade 101 for Trumpies
08 Feb 2025 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, entrepreneurship, industrial organisation, international economics, politics - USA Tags: 2024 presidential election
To augment my four-part video series about trade (dealing with the WTO, creative destruction, deficits, and economics), here’s part of my recent lecture about Trump’s trade policy to the Universidad de Libertad in Mexico City For those who (mistakenly) want to skip the video, my speech focused on these five themes. Trade deficits don’t matter. […]
Trade 101 for Trumpies
A negative productivity shock from working from home
08 Feb 2025 Leave a comment
in applied price theory, experimental economics, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: economics of pandemics
Audie Murphy’s Medal of Honor
08 Feb 2025 Leave a comment
in defence economics, war and peace Tags: World War II
Audie Leon Murphy was an American soldier, actor, and songwriter. He was widely celebrated as the most decorated American combat soldier of World War II. He was awarded the Medal of Honor for his extraordinary heroism on January 26, 1945, near Holtzwihr, France. The Medal of Honor citation describes actions that exemplify remarkable bravery, leadership, […]
Audie Murphy’s Medal of Honor
The sovereign reality and our path to nationhood
07 Feb 2025 Leave a comment
in economic history, politics - New Zealand Tags: constitutional law
Roger Partridge writes – Waitangi day debates about New Zealand’s sovereignty often fixate on a single moment: the signing of the Treaty of Waitangi in 1840. This focus is understandable, given the Treaty’s significance to both Māori and the Crown. But is this the full story of how New Zealand’s sovereignty was established? And if […]
The sovereign reality and our path to nationhood
“Insubordination”: FBI Official Accused of Defying White House Reform Efforts
07 Feb 2025 Leave a comment
in economics of bureaucracy, law and economics, politics - USA, Public Choice Tags: 2024 presidential election
Last week, some of us discussed concerns over the demand of the Trump Administration for the names of all FBI agents involved in January 6th cases. While noting that we did not have all of the details, I wrote that this would be a critical test for the Administration between reform and revenge. Line FBI […]
“Insubordination”: FBI Official Accused of Defying White House Reform Efforts
Equinor Cut Green Investment In Half
07 Feb 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, financial economics, global warming Tags: greenwashing
By Paul Homewood h/t Ian Cunningham More bad news for the idiot Miliband: Norwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production.
Equinor Cut Green Investment In Half
Nicholas Reed Langen: The Use and Abuse of Citizenship Deprivation: SSHD v Kolicaj
07 Feb 2025 Leave a comment
in defence economics, economics of crime, law and economics, war and peace Tags: British politics, constitutional law, Middle-East politics, war against terror
Any British citizen that happens to hold citizenship for another country could find themselves in an invidious position. If the Home Secretary decides that it would be ‘conducive to the public good’, they can single-handedly strip a person of their citizenship, and with it, their right to remain in the country. So long as the deprivation […]
Nicholas Reed Langen: The Use and Abuse of Citizenship Deprivation: SSHD v Kolicaj
Science is science
07 Feb 2025 Leave a comment
in economics of education, liberalism, Marxist economics Tags: conjecture and refutation, philosophy of science
Science, fundamentally, is a universal methodology grounded in observation, experimentation, and evidence. The term “Western science” can be misleading as it suggests a geographical or cultural monopoly over scientific inquiry, which is not the case. Science transcends regional and cultural boundaries; its principles are based on empirical evidence that is objective and replicable, regardless of […]
Science is science
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