Tweet… is from page 434 of the final (2016) volume – Bourgeois Equality – of Deirdre McCloskey’s soaring trilogy on the essence of bourgeois values, on their transmission, and on their essential role in modern life: Zero-sum is the default in thinking about my gain and thine. It is the chief error in economic thinking…
Bonus Quotation of the Day…
Bonus Quotation of the Day…
15 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, liberalism, Marxist economics
Exploding Energy Prices in Costly California
14 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - USA Tags: celebrity technologies, wind power
Green energy policies are the primary cause for high and escalating California energy prices.
Exploding Energy Prices in Costly California
New gas power plants needed to bolster energy supply, PM says
14 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming
By Paul Homewood Have they finally woken up? By Justin Rowlatt Climate editor, BBC News The UK needs to build new, gas-fired power stations to ensure the country’s energy security, Prime Minister Rishi Sunak said on Tuesday. The new stations would replace existing plants, many of which are aging and will soon be retired. […]
New gas power plants needed to bolster energy supply, PM says
Snipers in World War 1 (Documentary)
14 Mar 2024 Leave a comment
in defence economics, war and peace Tags: World War I
A good refutation of a bad article on the supposed “spectrum” of sex
14 Mar 2024 Leave a comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left, sex discrimination
On March 8, I wrote a critique of this article, which appeared in American Scientist (click sceenshot to read): When I wrote my piece, I had grown weary of people making the same tired old arguments against the sex binary, arguments like saying that sex isn’t binary because male orangutans come in two forms (“flanged” […]
A good refutation of a bad article on the supposed “spectrum” of sex
Hamas plays fast and loose with the casualty numbers from Gaza
14 Mar 2024 Leave a comment
in defence economics, laws of war, war and peace Tags: Gaza Strip, Israel, media bias, Middle-East politics, regressive left, war against terror
This article from Tablet describes “How the Gaza Ministry of Health Fakes Casualty Numbers“, and while I have a few quibbles with it (or rather, alternative but not-so-plausible interpretations), the author’s take seems pretty much on the mark. Abraham Wyner simply gives the daily and cumulative death-toll accounts of Palestinians taken from the Hamas-run Gazan […]
Hamas plays fast and loose with the casualty numbers from Gaza
Net Zero is dead. Only the fanatics haven’t realised it
13 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: British politics
By Paul Homewood h/t Ian Magness Rishi Sunak has made the case for building new gas-fired power plants on the grounds that reliable sources of electricity generation are needed to back up the intermittency of wind and solar generation. This simple statement of reality has prompted hostile comments from the usual suspects, […]
Net Zero is dead. Only the fanatics haven’t realised it
Aussie Green Party Leader Used Private Jets, Expensed $1 Million to Taxpayers
13 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - Australia Tags: climate alarmism
Aussie Greens Leader Adam Bandt flew a private jet to give a speech on the evils of fossil fuel.
Aussie Green Party Leader Used Private Jets, Expensed $1 Million to Taxpayers
One Year Since the Meltdown at Silicon Valley Bank: Commercial Real Estate and Ongoing Threats
13 Mar 2024 Leave a comment
in applied price theory, economics of information, economics of regulation, financial economics, macroeconomics, monetary economics, politics - USA Tags: banking panics
One year ago in March 2023, Silicon Valley Bank melted down, quickly followed by similar meltdowns at Signature Bank and First Republic Bank. Measured by the nominal size of bank assets, these were three of the biggest four US bank failures in history. (The failure of Washington Mutual Bank in 2008 remains the largest.) Was…
One Year Since the Meltdown at Silicon Valley Bank: Commercial Real Estate and Ongoing Threats
An Open Letter to Nobel-laureate Economist Angus Deaton
13 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, income redistribution, international economics, labour economics, labour supply, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment Tags: creative destruction, free trade, tariffs
TweetProf. Angus Deaton Princeton University Prof. Deaton: Over the years I’ve learned much from your writings, and I regard your 2013 The Great Escape as one of the most important books published in the past 15 years. So I was quite surprised and disappointed to read that you, as you say, are now “much more…
An Open Letter to Nobel-laureate Economist Angus Deaton
Why Germany Lost the Battle of Verdun (WW1 Documentary)
13 Mar 2024 Leave a comment
in defence economics, war and peace Tags: World War I
NZ should go further than Australia
13 Mar 2024 Leave a comment
in international economics, politics - New Zealand Tags: free trade, tariffs
New Zealand sensibly got rid of most tariffs years ago. We should go further than Australia plans to do and abolish the rest: The Taxpayers’ Union is renewing its calls to abolish all tariffs following reports that Australia plans to unilaterally abolish nearly 500 of its tariffs. Taxpayers’ Union Campaigns Manager, Connor Molloy, said: “With the stroke […]
NZ should go further than Australia
Only Thing That’s ‘Renewable’ About Wind & Solar: Massive & Endless Subsidies
13 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: wind power
The millions of solar panels and hundreds of thousands of turbine blades already ground up in landfills means there’s absolutely nothing ‘renewable’ about wind or solar. The term ‘renewable’ is just another monstrous abuse of the English language perpetrated by a cult that would have us believe the unbelievable by ignoring the bleeding obvious: weather-dependent […]
Only Thing That’s ‘Renewable’ About Wind & Solar: Massive & Endless Subsidies
Once again: the claim that sex is non-binary, but there are no new arguments
13 Mar 2024 Leave a comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left, sex discrimination
Really? Do I have to rebut the same arguments about the definition of biological sex again? Well, here in American Scientist is a group of two anthropologists, one anatomist, and a gender-and-sexuality-studies professor, all telling us that there is no clear definition of sex, using the same tired old arguments to rebut the gamete-based sex […]
Once again: the claim that sex is non-binary, but there are no new arguments
Claude 3 Opus Also Fails Steve Landsburg’s Economics Exam
13 Mar 2024 Leave a comment
in applied price theory, history of economic thought, industrial organisation
Almost one year ago, Steve Landsburg tried GPT-4 on one of his exams. It failed, badly. I tried out some of the same questions on Claude 3 Opus, by many accounts now the leading AI. It failed, badly. Steve’s exams are very clever. They aren’t technically difficult but they are tricky in the sense that […]
Claude 3 Opus Also Fails Steve Landsburg’s Economics Exam
Utopia, you are standing in it! 
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