Muriel Newman writes- ACT’s Principles of the Treaty of Waitangi Bill was tabled in Parliament on November 7, and the first reading debate was held on November 14. The Bill was referred to the Justice Select Committee, where a closing date for submissions of 7 January 2024 has been set – full details can be found HERE. This […]
The Treaty Principles debate: Parliament is having a third go at addressing this conundrum
The Treaty Principles debate: Parliament is having a third go at addressing this conundrum
25 Nov 2024 Leave a comment
in economics of bureaucracy, income redistribution, International law, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Automakers’ Costly Gamble on EVs: A Lesson in Ignoring Consumer Demand
25 Nov 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, politics - USA, Public Choice, transport economics Tags: electric cars
Ultimately, the market will decide the winners and losers. Automakers that prioritize consumer satisfaction over government market manipulation will thrive, while those that gambled on an uncertain future may find themselves scrambling to survive. Tesla’s trajectory proves that it’s possible to innovate without compromising, and the rest of the industry would be wise to take notes.
Automakers’ Costly Gamble on EVs: A Lesson in Ignoring Consumer Demand
Milei and populism
23 Nov 2024 1 Comment
in applied price theory, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, macroeconomics, monetarism, monetary economics, Public Choice, rentseeking, unemployment Tags: Argentina
Bryan Caplan and Daniel Klein both opine on Milei and populism, Dan being very enthusiastic, while Bryan praising Milei but more reserved in his praise of populism. I too am a big fan of Milei, and I think he is still on a good track. If his reforms do not succeed, likely it will not […]
Milei and populism
Bob Ekelund Remembered
23 Nov 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, health economics, history of economic thought, industrial organisation, law and economics, market efficiency, Milton Friedman, property rights, Public Choice, public economics, regulation, theory of the firm Tags: competition law, Product safety
TweetHere’s my just-published remembrance, in Public Choice, of my late teacher, dissertation advisor, co-author, and friend, Bob Ekelund. Three slices: The only textbook assigned for the course was Milton Friedman’s Price Theory. From some younger members of Auburn’s economics faculty, I heard a few cocktail-lubricated complaints that core theory courses in a modern economics Ph.D.…
Bob Ekelund Remembered
Popuphobia’s Javier Milei Problem
22 Nov 2024 1 Comment
in development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
My dear friend and colleague Dan Klein wrote this. He loves feedback, so please share your thoughts in the comments. And he’d especially appreciate reactions from friends Shikha Dalmia and Nils Karlson, which I’d definitely be glad to run.P.S. Dan asked me to link to the latest Milei news.I define popuphobe as someone who propagates…
Popuphobia’s Javier Milei Problem
How come the new Ministry of Regulation has been taken over by Career Regulators, Mr Seymour?
19 Nov 2024 Leave a comment
in economics of bureaucracy, economics of regulation, politics - New Zealand, Public Choice
America is super excited about the new Department of Government Efficiency that is being set up, headed by Elon Musk and Vivak Ramaswamy. We all know Musk – his achievement was launching a space program at about 1% the cost of NASA’s space program. What had gone wrong at NASA? It had turned into a…
How come the new Ministry of Regulation has been taken over by Career Regulators, Mr Seymour?
Resolving the infrastructure deficit
16 Nov 2024 Leave a comment
in economics of bureaucracy, economics of regulation, environmental economics, law and economics, politics - New Zealand, property rights, Public Choice, public economics, transport economics, urban economics
Peter Dunne writes – Last week the government announced plans to build two new tunnels in central Wellington to ease traffic congestion. One will be a second tunnel through Mount Victoria to improve the flow of traffic to the eastern suburbs and Wellington International Airport. The other will be alongside the existing Terrace tunnel to […]
Resolving the infrastructure deficit
Reeves to make Bank of England put climate change and growth on equal footing
31 Oct 2024 Leave a comment
in economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, macroeconomics, monetary economics, Public Choice Tags: British politics, climate activists, climate alarmism, monetary policy
By Paul Homewood So much for the Bank’s much vaunted independence! Rachel Reeves is planning to make the Bank of England take climate change as seriously as growth, as the Chancellor seeks to use her maiden Budget to overhaul the economy. In a letter to Governor Andrew Bailey on Wednesday, Ms Reeves is […]
Reeves to make Bank of England put climate change and growth on equal footing
Biden-Harris policies and their consequences were no surprise to those paying attention
30 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, fiscal policy, global warming, health economics, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: 2024 presidential election, drug lags, taxation and entrepreneurship, taxation and investment
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from the noise. In this sense, the “ambitious” policy agenda of the Biden-Harris administration was expected to be a gift to the research community. Accepting this gift, since 2020 I have been making forecasts…
Biden-Harris policies and their consequences were no surprise to those paying attention
The Shinkansen and Japan’s Lost Decades
30 Oct 2024 Leave a comment
in applied price theory, economic growth, economics of bureaucracy, industrial organisation, macroeconomics, Public Choice, public economics, survivor principle, transport economics, urban economics Tags: Japan
Japan is known for many things, but two of them are the Shinkansen high-speed trains and the nation’s three Lost Decades of slow economic growth. Unfortunately, most tourists who go to Japan see the former and don’t see the latter and especially don’t see the connection between the two. The … Continue reading →
The Shinkansen and Japan’s Lost Decades
Rural and coastal residents delay, block green energy projects
28 Oct 2024 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, law and economics, property rights, Public Choice Tags: celebrity technologies, solar power, wind power
Environmentalists insist that they love the “little guys” — until they get in their way, ask inconvenient questions or try to block renewable energy projects intended to save the planet from “human-caused climate cataclysms.”
Rural and coastal residents delay, block green energy projects
Reflections on United Arab Emirates
23 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, energy economics, growth miracles, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, property rights, Public Choice Tags: Dubai, economics of immigration
On my way to India, I connected through Abu Dhabi, capital city of the United Arab Emirates (UAE). During my one-day layover, I toured not only Abu Dhabi, but its more famous sister-city, Dubai. Here are my main thoughts.In Dubai, these are not empty words.Per-capita, UAE is the most amazing country I’ve ever seen. With…
Reflections on United Arab Emirates
‘Gaps And Inconsistencies’: Up To $41 Billion In World Bank Climate Handouts Unaccounted For, New Report Finds
21 Oct 2024 Leave a comment
in development economics, economics of bureaucracy, energy economics, environmental economics, global warming, Public Choice
Up to $41 billion of the funds distributed to climate causes by the World Bank between 2017 and 2023 are unaccounted for due to poor accounting standards, according to an audit from Oxfam International published Thursday.
‘Gaps And Inconsistencies’: Up To $41 Billion In World Bank Climate Handouts Unaccounted For, New Report Finds
GARY JUDD KC: A student should not be forced to learn about tikanga to be a lawyer
19 Oct 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of crime, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
My oral submission to the Regulation Review Committee. Yesterday [Oct 16], Parliament’s Regulation Review Committee heard oral submissions concerning my complaint to the Committee asking that a member of the committee move a resolution asking the House of Representatives to disallow the regulations promulgated by the New Zealand Council of Legal Education. If the regulations…
GARY JUDD KC: A student should not be forced to learn about tikanga to be a lawyer
Utopia, you are standing in it! 
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