A report by the New Zealand Initiative shows that the state is a very expensive landlord: Why does the government need to continue owning or managing more than 77,000 housing units, given its poor track record in this area, especially when state assistance can be provided without extensive government ownership? And why does it not […]
State very expensive landlord
State very expensive landlord
17 Oct 2025 Leave a comment
in applied price theory, economics of bureaucracy, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, public economics, urban economics
Ten Modest Proposals to End the Gender Pay Gap
17 Oct 2025 Leave a comment
in applied price theory, discrimination, economics of crime, economics of education, gender, human capital, labour economics, labour supply, law and economics, occupational choice, politics - USA Tags: gender wage gap
An anonymous Swiftian guest essay
Ten Modest Proposals to End the Gender Pay Gap
The Question of Disproportionate Black Imprisonment
16 Oct 2025 1 Comment
in applied price theory, economics of crime, labour economics, law and economics
One of the most persistent concerns in contemporary criminal justice debates is the disproportionately high number of black people in prison, particularly in countries such as the United States, the United Kingdom and Australia. At first glance, this imbalance is often assumed to indicate systemic bias or racial discrimination within courts and law enforcement. Yet […]
The Question of Disproportionate Black Imprisonment
The Power of Creative Destruction
15 Oct 2025 Leave a comment
in history of economic thought
That is the title of a book co-authored by Philippe Aghion, one of this this year’s winners of the Nobel Prize in economics. See The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations.Here is the Amazon summary:”Inequality is on the rise, growth stagnant, the environment in crisis. Covid seems to have exposed every…
The Power of Creative Destruction
Middle East ceasefire is widely celebrated – but Peters notes that the pro-Palestine protesters have been silent
15 Oct 2025 Leave a comment
in defence economics, laws of war, liberalism, Marxist economics, politics - New Zealand, politics - USA, war and peace Tags: Gaza Strip, Israel, Middle-East politics, regressive left, useful idiots, war against terror
Bob Edlin writes – Come in Chloe and your fellow champions of Palestinian statehood and tell us what you think of happenings in the Middle East in recent days. There was widespread celebration – not only in Israel and Gaza but around the world – of news of a cease-fire and that the hostages taken […]
Middle East ceasefire is widely celebrated – but Peters notes that the pro-Palestine protesters have been silent
Taxes and Growth, Part II
15 Oct 2025 Leave a comment
in applied price theory, economic growth, fiscal policy, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
I wrote a column about taxes and growth in 2020. Let’s augment that analysis by digging into some details. I decided to address the issue today after seeing a tweet with this helpful summary of how different taxes cause different levels of economic damage (the Tax Foundation also has a table that ranks different taxes, […]
Taxes and Growth, Part II
A Nobel for Innovation-Driven Economic Growth: Aghion, Howitt, and Mokyr
14 Oct 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, history of economic thought, macroeconomics
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded this morning for “for having explained innovation-driven economic growth.” The award was divided between Joel Mokyr ““for having identified the prerequisites for sustained growth through technological progress” to Philippe Aghion and Peter Howitt “for the theory of sustained growth through…
A Nobel for Innovation-Driven Economic Growth: Aghion, Howitt, and Mokyr
French facts of the day
14 Oct 2025 1 Comment
in applied price theory, economics of bureaucracy, economics of regulation, energy economics, environmental economics, fiscal policy, law and economics, macroeconomics, property rights, Public Choice, rentseeking, urban economics Tags: France
Macron’s government consistently spent more as a share of total output than any other OECD member, with the public sector accounting for over 57% of GDP in 2024. The telling trend is France’s divergence from its neighbors. When Macron took office, France’s debt-to-GDP ratio was 11 percentage points above the Eurozone average; by 2024, that gap […]
French facts of the day
Ninth Karl Brunner Distinguished Lecture by John H. Cochrane, 02.10.2025
14 Oct 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics
Sorry, But Pope Leo Is Mistaken
13 Oct 2025 Leave a comment
in applied price theory, development economics, economics of religion, growth disasters, growth miracles Tags: The Great Enrichment
TweetHere’s a letter to a new correspondent. Mr. __: Thanks for sharing Sohrab Ahmari’s tweet, which I’d not otherwise have noticed. It is, frankly, pathetically inept. In order to criticize the pro-free-market Acton Institute, Ahmari favorably quotes Pope Leo’s assertion that “pseudo-scientific data are invoked to support the claim that a free market economy will…
Sorry, But Pope Leo Is Mistaken
The supply side of media bias
12 Oct 2025 Leave a comment
in applied price theory, econometerics, industrial organisation, politics - USA, survivor principle Tags: media bias
In my ECONS102 class, we cover economic explanations for media bias. Drawing on past research from Matthew Gentzkow and others, we demonstrate that there are demand-side explanations (media bias arises because of a bias in the preferences of the news-consuming public) and supply-side explanations (media bias arises because media firms segment the market, and focus…
The supply side of media bias
World Bank Reduces Emissions, Not Poverty
12 Oct 2025 Leave a comment
in defence economics, economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice Tags: climate alarmism
The World Bank and other Western institutions retreat from fossil fuel finance has created a significant geopolitical opportunity for China. China is willing to finance fossil fuel projects in Africa and the developing world and reap the strategic benefit of control of energy infrastructure in many countries.
World Bank Reduces Emissions, Not Poverty
Brendan O’Neill ponders the unemployment of Israel haters
11 Oct 2025 Leave a comment
in defence economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, war against terror
The lead story on last night’s NBC News was about the cease-fire in Gaza, and it showed Israelis celebrating the return of the hostages, and Gazan civilians celebrating the cessation of war. Even my Jewish friends in America are celebrating, though they’re properly wary of “stage 2” of the deal: will Hamas gives up its […]
Brendan O’Neill ponders the unemployment of Israel haters
Some Economics of US Biofuels
11 Oct 2025 1 Comment
Twenty years ago, with the Energy Policy Act of 2005, the US decided to encourage “biofuels” in a big way with the Renewable Fuel Standard (RFS) program, which started with RFS1 and later was amended to RFS2. Gabriel E. Lade and Aaron Smith provide an overview of what has happened since then in Biofuels: Past, Present,…
Some Economics of US Biofuels
More judicial activism
11 Oct 2025 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: constitutional law, crime and punishment, law and order, political correctness, racial discrimination, regressive left
Roger Partridge writes: When Parliament says gang insignia “is forfeited to the Crown,” citizens are entitled to assume those words mean what they say. Yet on 11 August the District Court ruled otherwise. Judge Lance Rowe directed that a Mongrel Mob vest, seized under the Government’s new Gangs Act 2024 and forfeited following a guilty plea, should nevertheless […]
More judicial activism
Utopia, you are standing in it! 
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