📸 Look at this post on Facebook
https://www.facebook.com/share/VP3gQp4ts5XHLQoE/?mibextid=RXn8sy
03 Jan 2024 Leave a comment
in labour economics, labour supply, unemployment
Economic underperformance
03 Jan 2024 Leave a comment
in economic growth, economic history, macroeconomics
With both the annual and quarterly national accounts data having come out recently it is time for a quick update of some old charts. First, labour productivity (real GDP per hour worked). This chart is from the period since just prior to Covid, and for both New Zealand and Australia If you want some slight consolation, […]
Economic underperformance
Israeli Supreme Court strikes down “reasonableness” Basic Law
02 Jan 2024 Leave a comment
in law and economics Tags: constitutional law, Israel
This is true “wow” moment to start the new Gregorian year. The Israeli Supreme Court has ruled, on an 8-7 vote, to strike down the first installment of the government’s controversial judicial overhaul. In what now seems like ages ago, but was only July, the Knesset had passed an amendment to the Basic Law: Judiciary […]
Israeli Supreme Court strikes down “reasonableness” Basic Law
Antisemitism in America as displacement behavior
02 Jan 2024 Leave a comment
in discrimination, economics of crime, law and economics, liberalism, Marxist economics, politics - USA Tags: free speech, Gaza Strip, Middle-East politics, political correctness, racial discrimination, regressive left, war against terror
It’s likely that most or all of today’s posts will be about the antisemitism in America and the world, a form of hatred revealed and exacerbated by the war between Israel and Hamas. There are no other worthy items to post about, so if you’re tired of the war, or of discussions about Jews, just […]
Antisemitism in America as displacement behavior
02 Jan 2024 Leave a comment
in development economics, economic growth, macroeconomics
📸 Look at this post on Facebook
https://www.facebook.com/share/fapH5dpZ8wc25gtV/?mibextid=RXn8sy
Quotation of the Day…
01 Jan 2024 Leave a comment
in applied price theory, Austrian economics, behavioural economics, economic history, history of economic thought, human capital, industrial organisation, labour economics, labour supply, occupational choice Tags: capitalism and freedom, evolutionary psychology, The Great Enrichment
Tweet… is from my emeritus Nobel-laureate colleague Vernon Smith‘s splendid speech “Human Betterment Through Globalization,” delivered in September 2005 at the Irvington-on-Hudson then-headquarters of the Foundation for Economic Education: The challenge is that we all function simultaneously in two overlapping worlds of exchange. First, we live in a world of personal, social exchange based on…
Quotation of the Day…
John Stuart Mill on empirical economics and causal inference
01 Jan 2024 Leave a comment
in econometerics, history of economic thought Tags: conjecture and refutation, philosophy of science
Written by me, here is a passage from GOAT: Who is the Greatest Economist of All Time, and Why Should We Care? A System of Logic covers many different topics, but for our purposes the most important discussion is Mill’s treatment “Of the Four Methods of Experimental Inquiry,” sometimes called “Mill’s Methods” and indeed receiving […]
John Stuart Mill on empirical economics and causal inference
The Great Fact
01 Jan 2024 1 Comment
in development economics, economic history, growth miracles, health economics, liberalism, Marxist economics Tags: child mortality, infant mortality, The Great Enrichment
A starting thought
01 Jan 2024 Leave a comment
in economics of education, liberalism, Marxist economics, politics - Australia, politics - New Zealand, politics - USA Tags: Age of Enlightenment, free speech, political correctness, regressive left
📸 Look at this post on Facebook
https://www.facebook.com/share/h6TuCY1tTKt9zEGY/?mibextid=RXn8sy
India Determined To Increase Coal Output
01 Jan 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth disasters, growth miracles Tags: India
By Paul Homewood h/t Dennis Ambler This is in the latest edition of World Coal While growth in coal production slows gradually across the globe, India is setting itself apart from other countries, with its ambitions to aggressively increase its output.
India Determined To Increase Coal Output
Week 278 – The Siege of Bastogne Begins – WW2 – December 23, 1944
31 Dec 2023 Leave a comment
in defence economics, laws of war, war and peace Tags: World War II
Buick Dealers Fleeing the Net Zero EV Revolution
31 Dec 2023 Leave a comment
in energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, survivor principle
“… we’ve given dealers who are not aligned with Buick’s future to exit voluntarily in a respectful and structured way …”
Buick Dealers Fleeing the Net Zero EV Revolution
Solow on Market Advantages and Market Failures
31 Dec 2023 Leave a comment
in applied price theory, business cycles, economic growth, economic history, economics of regulation, entrepreneurship, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment
Robert Solow (1924-2023) died last week. As a starting point for understanding his life and his work on growth theory, the Nobel prize website, since he won the award in 1987, includes an overall description, a biographical essay, and his Nobel lecture. I can also strongly recommend an interview that Steven Levitt carried out with…
Solow on Market Advantages and Market Failures
Entrepreneurship
31 Dec 2023 Leave a comment
in economic history, entrepreneurship, industrial organisation, sports economics, survivor principle Tags: entrepreneurship
📸 Look at this post on Facebook
https://www.facebook.com/share/oodJT3KzFfpEQd4n/?mibextid=RXn8sy
How Were So Many Economists So Wrong About the Recession?
30 Dec 2023 Leave a comment
in budget deficits, business cycles, economic growth, economic history, fiscal policy, labour economics, macroeconomics, monetary economics, unemployment Tags: monetary policy
That is the topic of my latest Bloomberg column, I thought it was time to call out all the Orwellian rewriting of intellectual history going on, so here goes: As Treasury Secretary Janet Yellen said last week: “So many economists were saying there’s no way for inflation to get back to normal without it entailing a […]
How Were So Many Economists So Wrong About the Recession?
Utopia, you are standing in it! 
Recent Comments