Glenn C. Loury – Preserving the American Project: The Bias Narrative vs. the Development Narrative
09 Oct 2021 Leave a comment
in applied price theory, discrimination, economics of crime, economics of education, economics of information, human capital, labour economics, labour supply, law and economics, occupational choice, poverty and inequality, welfare reform Tags: racial discrimination
Fiscal and Monetary Policy in the wake of COVID: Eric Leeper
09 Oct 2021 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, financial economics, fiscal policy, macroeconomics, monetary economics Tags: monetary policy
Why Nations Fail by James Robinson
09 Oct 2021 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, labour economics, labour supply, Public Choice, rentseeking Tags: Age of Discovery, age of empires, economics of colonialism
Legacy of Liberty with David Friedman
09 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, economics of crime, economics of education, law and economics, property rights
Essential UCLA School of Economics: The Nirvana Fallacy
09 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of information, economics of regulation, Public Choice, public economics
Bob Murphy Show ep 175: David Andolfatto Defends the Fed
09 Oct 2021 Leave a comment
in Austrian economics, business cycles, economic growth, economic history, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, inflation targeting, job search and matching, macroeconomics, monetarism, monetary economics
Edward C. Prescott money in the production function
09 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, business cycles, economic growth, Edward Prescott, financial economics, history of economic thought, inflation targeting, macroeconomics, monetary economics Tags: real business cycles
Total Recall – or why Trump arose
09 Oct 2021 Leave a comment
With the recently concluded recall election in California that resulted in a thumping win by Governor Newsom, I was intrigued to find an old book review that covered the aftermath of a previous recall election in the state in 2003 against Governor Gray Davis.
That election resulted in a loss for Davis and more importantly a win for the former actor and Republican, Arnold Schwarzenegger, who would go on to win election in his own right and was Governor for two consecutive terms (eight years), the maximum mandated. In 2012 he published a memoir of that time, Total Recall (the title of one his hit movies). In the same way, he titled himself The Governator, after his most famous movie role as The Terminator.
I’m less interested in the review itself or the book than some of the tidbits that fell out of it (and some that did not) regarding…
View original post 464 more words
Pumped hydro more expensive than batteries: battery replacement(s)
09 Oct 2021 Leave a comment
Even when accepting the flawed calculations of Ronald Brakels, it provided only a fragile win for the battery scenario. This prompted him to start a new calculation in order to justify the battery/solar setup. It involves a battery system that is currently being built: the Victorian Big Battery. His reasoning is that battery prices drop rapidly and he also proposes a way to set aside some the initial investment in order to replace the battery at the end of its economical life.
Let’s just jump right in. This is the information he gathered about the Victorian Big Battery:
- Capacity: 300 MW
- Storage capacity: 450 MWh
- Price: AU$180,000,000
(again no justification for this price tag, just his hunch)
Then he repeats the flawed calculation by calculate the price:
View original post 1,803 more words
How Big Can Wind Turbines Get provided there is a natural gas backup?
08 Oct 2021 Leave a comment
in energy economics, environmental economics, global warming Tags: natural gas, wind power
The Grim Economics of Higher Corporate Tax Rates
08 Oct 2021 Leave a comment
There are many reasons to reject Joe Biden’s proposal for higher corporate tax rates, and I listed many of them when I narrated this nine-minute video.
This two-minute video from the Tax Foundation has a similar message.
The main message is that workers, consumers, and shareholders are the ones who actually pay when suffer when politicians impose higher taxes on business.
And the damage grows over time because higher corporate tax rates reduce investment, which inevitably leads to lower wages.
By the way, while a low tax rate is very important, there are many other policy choices that determine the overall damage of business taxation.
Is there double taxation of dividends?- Is there worldwide taxation?
- Is there deprecation or expensing?
- Is there equal treatment of debt and equity?
This is just a partial list. There are other policies – such as alternative minimum taxation,
View original post 88 more words
Alan Manning: “Monopsony and the wage effects of migration”
08 Oct 2021 Leave a comment
in applied price theory, applied welfare economics, economics of education, human capital, international economics, labour economics, labour supply Tags: economics of migration, monopsony
The ‘duck curve’ is solar energy’s greatest challenge
08 Oct 2021 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power
Thomas Sargent, “Estados Unidos antes, Europa ahora”
08 Oct 2021 Leave a comment
in budget deficits, business cycles, economic history, financial economics, fiscal policy, George Stigler, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy, sovereign defaults
Utopia, you are standing in it! 
Recent Comments