More gender gaps
09 Nov 2021 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
Lost on the Woke
09 Nov 2021 Leave a comment
in applied price theory, Karl Popper, liberalism, Marxist economics Tags: Anti-Science left, free speech, philosophy of science, political correctness, regressive left
US & German Atlantic Strategy 1939-1941
09 Nov 2021 Leave a comment
in defence economics, laws of war, war and peace Tags: World War II
Small scale nuclear to get green light this week
08 Nov 2021 Leave a comment
SMR transporter
Nuclear is a slow-moving game but signs of progress are emerging. The problems of intermittent wind and solar power are only going to increase in step with their share of the UK power supply, as the government has caved in to the ’emissions’ obsessions of the climate lobby.
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Reactor designer Rolls-Royce will announce that a consortium of investors will back plans for a new smaller nuclear reactor project, reports BBC News.
As part of its 10 point green energy plan, the government has already announced it would provide £210m in funding if that could be matched by private capital.
An announcement that money has been raised could come as soon as Tuesday.
Around 21% of Britain’s electricity supply is provided by nuclear power.
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More on @NZprocom not citing world’s top immigration economist?
08 Nov 2021 Leave a comment
in applied price theory, economics of bureaucracy, labour economics, labour supply, politics - New Zealand
From
Why did @NZprocom not cite world’s top immigration economist?
08 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, labour economics, labour supply, politics - New Zealand, Public Choice, unemployment Tags: economics of immigration
The Explanatory Gap and Mengerian Subjectivism
08 Nov 2021 Leave a comment
My last several posts have been focused on Marshall and Walras and the relationships and differences between the partial equilibrium approach of Marshall and the general-equilibrium approach of Walras and how that current state of neoclassical economics is divided between the more practical applied approach of Marshallian partial-equilibrium analysis and the more theoretical general-equilibrium approach of Walras. The divide is particularly important for the history of macroeconomics, because many of the macroeconomic controversies in the decades since Keynes have also involved differences between Marshallians and Walrasians. I’m not happy with either the Marshallian or Walrasian approach, and I have been trying to articulate my unhappiness with both branches of current neoclassical thinking by going back to the work of the forgotten marginal revolutionary, Carl Menger. I’ve been writing a paper for a conference later this month celebrating the 150th anniversary of Menger’s great work which draws on some of my…
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On This Day — Richard Sorge is Executed for Espionage (November 7 1944) [“The spy who changed the world”]
08 Nov 2021 Leave a comment
“Richard Sorge’s brilliant espionage work saved Stalin and the Soviet Union from defeat in the fall of 1941, probably prevented a Nazi victory in World War II and thereby assured the dimensions of the world we live in today.”
American writerLarry Collins
November 7 2021 — On October 18 1941, Richard Sorge was arrested in Tokyo. He was hanged on November 7 1944, at 10:20 Tokyo time in Sugamo Prison. A number of famous personalities — from General Douglas MacArthur to James Bond’s father and former MI6 Ian Fleming — considered him one of the most accomplished spies. Chief Prosecutor Mitsusada Yoshikawa — the Japanese who led the prosecution and obtained Sorge’s death sentence — wrote that he never met a greater man. Richard Sorge is proof that one spy can alter the History of our world. Follow us on Twitter: @INTEL_TODAY
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“Central bankers like to see themselves as fighting inflation rather than creating it”
08 Nov 2021 Leave a comment
in econometerics, economic history, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Lynne Kiesling “Regulation and Innovation: The Case of Electricity”
08 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics
The reduced supply of safe assets
07 Nov 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economics, law and economics, macroeconomics, monetarism, monetary economics, public economics Tags: monetary policy
It’s Fidel Castro’s 90th Birthday!
07 Nov 2021 Leave a comment
in development economics, economic history, growth disasters, Marxist economics Tags: Cuba, economics of socialism
Rumpole of the Bailey: Leo McKern – S07E03 – Rumpole and the Eternal Triangle
07 Nov 2021 Leave a comment
The classic comedy drama written by John Mortimer QC, starring Leo McKern together with an excellent supporting cast
Rumpole is seduced by a violinist, and learns that music can be the food of death as well as love.
Utopia, you are standing in it! 
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