The Macroeconomic Consequences of Infrastructure Investment
22 Oct 2021 Leave a comment
in applied price theory, budget deficits, business cycles, econometerics, economic growth, fiscal policy, labour economics, labour supply, macroeconomics, monetary economics, unemployment Tags: multiplier
Dr. Jay Bhattacharya on 19 Months of COVID
22 Oct 2021 Leave a comment
in applied welfare economics, economic history, economics of bureaucracy, health economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice Tags: economics of pandemics
Lecture 1: Empirical overview of macro development
22 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, economic growth, economic history, Edward Prescott, growth disasters, growth miracles, history of economic thought, industrial organisation, labour economics, labour supply, law and economics, macroeconomics, property rights, Robert E. Lucas
After D-Day: Rommel’s View & Assessments
22 Oct 2021 Leave a comment
in defence economics, war and peace Tags: D-Day, World War II
Entrepreneurship
21 Oct 2021 Leave a comment
in applied price theory, defence economics, economic history, entrepreneurship, industrial organisation, Music, survivor principle Tags: entrepreneurial alertness
No more investment in rail
21 Oct 2021 Leave a comment
in applied price theory, transport economics, urban economics
Cities at a Crossroads | Ed Glaeser
21 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, economics of bureaucracy, energy economics, environmental economics, history of economic thought, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice, poverty and inequality, property rights, Public Choice, public economics, rentseeking, transport economics, urban economics
The case for a carbon dividend in two charts
21 Oct 2021 Leave a comment
A carbon dividend takes the revenue from auctions of emissions units for the ETS and gives it back to households. This year, the sale of emissions units will raise around $1.3 billion.* That is around $750 per household.
The following two charts show a) low-income households spend more of their incomes on carbon than other households, but b) have a smaller carbon footprint.
Source: Figure 4.3, Report 2.
Source: Figure 4.2, Report 2.
The charts come from a UK analysis by the London School of Economics. I know of no equivalent analysis for New Zealand, although these findings from Infometrics appear consistent.
So what does this mean?
Carbon pricing is generally thought to be regressive because low-income households spend a higher share of their incomes on goods and services which produce or lead to emissions.
However, a carbon dividend reverses this, making carbon pricing progressive. Giving…
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Prorogation Tide: Elizabeth I and the Parliament of 1572-81
21 Oct 2021 Leave a comment
In the sixteenth century, parliaments were not only summoned but also prorogued at the behest of the monarch. In this blog, Dr Andrew Thrush, editor of our Lords 1558-1603 project, discusses an exceptionally large but often overlooked number of prorogations that took place during the mid-Elizabethan period…
Before the Long Parliament of 1640-53, the Parliament of 1572-81 bore the distinction of being the longest in English history. It was even longer than one might suppose, as it was not formally dissolved until 1583. Unlike the Long Parliament, this assembly, the fourth of Elizabeth’s reign, did not sit continuously, but sat over three short sessions, in 1572, 1576 and 1581. These lasted just over seventeen weeks in total, meaning that the intervals before and after each session were considerably longer than the individual sessions themselves.
© National Portrait Gallery
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Utopia, you are standing in it! 
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