David Friedman – Dating Markets, Legal Systems, Bitcoin, and Automation | The Lunar Society #16
30 Sep 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, economics of crime, history of economic thought, law and economics, property rights
John Gibson – Economic policy, productivity and the global economy #COVID19
30 Sep 2021 Leave a comment
in applied price theory, applied welfare economics, business cycles, economic growth, economic history, health economics, macroeconomics Tags: economics of pandemics
Essential Coase: What Are Transaction Costs?
30 Sep 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of information, Ronald Coase
John McEnroe’s epic Wimbledon meltdown: ‘You cannot be serious!’
30 Sep 2021 Leave a comment
in sports economics Tags: Tennis
Essential Coase: The Problem of Social Cost
30 Sep 2021 Leave a comment
in applied price theory, comparative institutional analysis, environmental economics, history of economic thought, industrial organisation, law and economics, property rights, Public Choice, Ronald Coase
Scotland’s ‘Green’ Jobs Revolution Implodes: Wind Turbine Manufacturer Sacks Hundreds
29 Sep 2021 Leave a comment
A job that depends on subsidies, isn’t really a job, at all, it’s a make-work scheme cooked up by closet socialists. And, so it is, with the so-called “green jobs” that self-evidently exist, and only exist, while the renewable energy subsidies keep flowing.
There is no natural market for intermittent wind or solar power, because neither of them can be delivered as and when power consumers need power. In the absence of massive subsidies, there would be no wind or solar ‘industries’, so-called.
So, it should come as no surprise that the jobs “created” in association with those industries are an easy come, easy go, kind of affair.
The only thing ‘inevitable’ about the ‘transition’ to an all wind and sun powered future is bankruptcy for wind and solar outfits, the moment the subsidies get cut.
Of course, before these outfits wind up in insolvency, they generally attempt to shed…
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The Great Texas Freeze of 2021
29 Sep 2021 Leave a comment
In February 2021, the temperature in Texas dropped below zero. Not a big deal, right? Texas is the energy state. Just go home, turn on the heat, and hunker down. That’s how it should have gone. But it didn’t. What happened, and why?
When the ACLU has lost itself
29 Sep 2021 Leave a comment
The ACLU is the American Civil Liberties Union, and the first I’d heard about them was a reference in the 1980 movie, The Blues Brothers. It’s the scene where the American Nazi party is allowed to do a march in Skokie, Illinois (then with a large Jewish population, including many survivors of the Holocaust) and Jake and Ellwood charge their car at the protestors, forcing many to jump off a low bridge into a stream.
The real life event came as a result of the ACLU actually fighting in court for the right of the Nazi party to hold the march. It is considered to be a landmark US case on freedom of speech and freedom of assembly.
Sadly, the ACLU is not that organisation any longer. There have been internal documents in recent years where they have hedged on defending the US Bill of Rights first amendment, not…
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When magical thinking becomes UK Labour policy
29 Sep 2021 Leave a comment
in economic growth, economics of education, entrepreneurship, human capital, income redistribution, labour economics, labour supply, Marxist economics, occupational choice, poverty and inequality, Public Choice, public economics Tags: envy, taxation and entrepreneurship, taxation and investment, taxation and labour supply, taxation and savings, top 1%
Scott Freeman on the money/output correlation.
29 Sep 2021 Leave a comment
in applied price theory, business cycles, economic growth, financial economics, history of economic thought, macroeconomics, monetarism, monetary economics
Enlightenment now
29 Sep 2021 Leave a comment
in economics of education, liberalism, Marxist economics Tags: conjecture and refutation, philosophy of science
James Heckman: Inequality in Denmark vs USA
29 Sep 2021 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: Denmark
Thomas Sowell’s Maverick Insights on Race, Economics, and Society
29 Sep 2021 Leave a comment
in applied price theory, comparative institutional analysis, discrimination, economic history, economics of bureaucracy, economics of education, economics of love and marriage, George Stigler, history of economic thought, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, Marxist economics, Milton Friedman, occupational choice, poverty and inequality, Public Choice, public economics, rentseeking, Thomas Sowell, urban economics
Utopia, you are standing in it! 
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