03 Jun 2025
by Jim Rose
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth disasters, growth miracles
Tags: carbon tax, India
India won’t bow to carbon taxes and it won’t join an unscientific climate war that sacrifices its future. The U.K. and EU would do well to listen, lest they find themselves on the losing end of an Asian-dominated trade battle over manufactured goods.
India Rejects Carbon Tax, Backs Fossil Fuels and Trade in Defiance of Green Policies
02 Jun 2025
by Jim Rose
in budget deficits, business cycles, currency unions, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economic law, international economics, macroeconomics, monetarism, monetary economics, Public Choice
Tags: European Union
That is the new book by John H. Cochrane, Luis Garicano, and Klaus Masuch, and the subtitle is Challenges, Evolution, and Future of the Euro. Excerpt: Our main theme is not actions taken in crises, but that member states and EU institutions did not clean up between crises. They did not reestablish a sustainable framework […]
*Crisis Cycle*
01 Jun 2025
by Jim Rose
in applied price theory, discrimination, gender, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, Public Choice, rentseeking
Tags: constitutional law, gender wage gap, sex discrimination
For all the gravitas which Dame Marilyn’s involvement has conferred upon PSCPE, it is important not to lose sight of the fact that it represents a deliberate attempt to morally overpower what is now the law of the land. Chris Trotter writes – The People’s Select Committee on Pay Equity (PSCPE) is looking for evidence. […]
Counting the Cost
01 Jun 2025
by Jim Rose
in applied price theory, comparative institutional analysis, development economics, economic history, economics of regulation, entrepreneurship, human capital, industrial organisation, labour economics, occupational choice, poverty and inequality, survivor principle
Tags: creative destruction
The United States has produced about twice as many unicorns (private startups valued at $1B+) as China and more than four times as many as the European Union. These numbers reflect deep institutional and cultural advantages in the U.S. startup ecosystem. Table: Number of Unicorns Created Since ~1990 Region Cumulative Unicorns United States ~1,950 China…
Why the U.S. Produces More Unicorns Than China and the EU
31 May 2025
by Jim Rose
in applied price theory, history of economic thought
An individualistic argument can be made that sociology is a “useless” subject, though such a claim is controversial and widely disputed. Here is how such an argument might be constructed from an individualistic or methodological individualist perspective: Individualistic Argument Against the Usefulness of Sociology Thesis:Sociology is a largely useless discipline because it focuses on abstract […]
Against Sociology
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