Both Matt Nippert of the NZ Herald and Tom Hunt of The Post deserve a bouquet for their analyses of the truly remarkable deal between the Wellington City Council (WCC) and the troubled American Cinema company Reading. For this who don’t know, Reading owns a large (more than 14, 000 square metres or 1.4 hectares) […]
Reading deal – rare media bouquet
Reading deal – rare media bouquet
11 Mar 2024 1 Comment
in applied price theory, economic history, economics of bureaucracy, economics of media and culture, income redistribution, industrial organisation, law and economics, market efficiency, movies, politics - New Zealand, property rights, Public Choice, public economics, rentseeking, survivor principle, theory of the firm, urban economics Tags: Wellington
TV layoffs not a threat to democracy
10 Mar 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of information, economics of media and culture, economics of regulation, entrepreneurship, income redistribution, industrial organisation, managerial economics, market efficiency, organisational economics, personnel economics, politics - New Zealand, Public Choice, public economics, rentseeking, survivor principle, theory of the firm Tags: media bias
A few weeks ago I joined some contemporaries by abandoning the near sixty year habit of watching nightly TV news. I dropped it because I felt it did not give me real information that I had not acquired from other media sources, including some I pay for – The Economist, the NZ Herald, The Atlantic […]
TV layoffs not a threat to democracy
Using procurement for political ends gives you worse prices.
09 Mar 2024 Leave a comment
in applied price theory, economics of bureaucracy, entrepreneurship, income redistribution, industrial organisation, law and economics, politics - USA, Public Choice, public economics, rentseeking, theory of the firm, transport economics, urban economics Tags: cartels, competition and monopoly, competition law
Over 20 years ago, some middling economists (cite) estimated that the Small Business Set-Aside program reduced Forest Service Timber prices by 15%. By limiting the potential pool of available bidders to only smaller lumber mills, you get less competition and worse prices. Now San Francisco is re-learning that lesson. In 2016, it refused to do…
Using procurement for political ends gives you worse prices.
The Russian February Revolution 1917 I THE GREAT WAR Week 137
09 Mar 2024 Leave a comment
in defence economics, economic history, economics of bureaucracy, income redistribution, liberalism, Marxist economics, Public Choice, rentseeking, war and peace Tags: Russian revolution, World War I
Sick Joke: Nothing ‘Green’ About California’s All Electric Vehicle Mandates
09 Mar 2024 Leave a comment
in economics of bureaucracy, economics of climate change, energy economics, entrepreneurship, environmental economics, global warming, market efficiency, politics - USA, Public Choice, transport economics, urban economics Tags: electric cars, solar power, wind power
There’s nothing wrong in theory about all-Electric Vehicles. But, if they really were a sensible substitute for petrol or diesel-powered vehicles, they’d already be jumping off the shelves. Except, for some strange reason, they aren’t. There’s plenty of irony attached to the all-EV cult: the world’s largest EV charging station is run entirely using diesel […]
Sick Joke: Nothing ‘Green’ About California’s All Electric Vehicle Mandates
Even Lowerer Hutt
07 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, regulation, urban economics Tags: housing affordability, land supply, zoning
One annoying thing about writing a Saturday column for the Stuff papers is never knowing whether a piece will show up in print.I’d thought this one was a banger. I’ll be talking about related issues tomorrow night as part of a panel for A City for People. 🟨🟪 Our speaker line up has dropped! 🟪🟨Join us on…
Even Lowerer Hutt
DON BRASH: PERHAPS THE MOST IMPORTANT SPEECH FROM THE NEW GOVERNMENT SO FAR
03 Mar 2024 Leave a comment
in applied price theory, economics of bureaucracy, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, transport economics, urban economics Tags: land supply, zoning
Last week, Housing Minister Chris Bishop gave perhaps the most important speech by the new Government since the election. In a speech to the Wellington Chamber of Commerce, he said he wanted the ratio of house prices to median household income to more than halve to between 3 and 5 over the next 10…
DON BRASH: PERHAPS THE MOST IMPORTANT SPEECH FROM THE NEW GOVERNMENT SO FAR
No, the Court is Not “Slow Walking” the Trump Immunity Case
03 Mar 2024 Leave a comment
in economics of bureaucracy, economics of crime, law and economics, politics - USA, Public Choice Tags: 2020 presidential election, 2024 presidential election
Below is a slightly expanded version of my column on Fox.com on the attacks on the Court for granting review of the immunity challenge brought by former president Donald Trump. The scheduling of oral argument has unleashed the familiar voices against the justices and allegations of political machinations. The claims of “slow walking” the appeal […]
No, the Court is Not “Slow Walking” the Trump Immunity Case
The Uncompetitive Urban Land Markets Theory of Everything
03 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, environmental economics, income redistribution, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
The Housing Theory of Everything has one of those wonderful self-explanatory titles. A good title matters. The recent and thorough essay explains how the anglosphere’s unnecessarily expensive housing affects, well, everything. Or at least almost everything.Zoning makes it too hard to build houses where people want to build. Urban containment policies block new subdivisions, so…
The Uncompetitive Urban Land Markets Theory of Everything
Labour’s legacy
01 Mar 2024 Leave a comment
in economic growth, economics of bureaucracy, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
Productivity Commission gone tomorrow, Māori Health Authority gone in June – so what should we do with the Waitangi Tribunal?
28 Feb 2024 Leave a comment
in economics of bureaucracy, health economics, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking
The Productivity Commission will cease operations tomorrow, to make way for the new Ministry for Regulation. On the same day, the Waitangi Tribunal will begin an urgent inquiry into the government’s proposal to disestablish the Māori Health Authority. But legislation passed under urgency by Parliament will result in the authority being shut down by the end […]
Productivity Commission gone tomorrow, Māori Health Authority gone in June – so what should we do with the Waitangi Tribunal?
Goodbye to the Productivity Commission
27 Feb 2024 Leave a comment
in economics of bureaucracy, politics - New Zealand, Public Choice
The Productivity Commission closes its doors on Thursday and goes out of existence. There have been a couple of recent articles on the demise of the Productivity Commission, and the chair (Ganesh Nana) has even put out his own statement (not exactly compelling) on productivity, and policy options for improving New Zealand’s dismal performance. There […]
Goodbye to the Productivity Commission
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
Texas professor fired, then reinstated after a lawsuit, for teaching that chromosomes determine human sex
23 Feb 2024 Leave a comment
in discrimination, economics of bureaucracy, economics of education, gender, health economics, labour economics, law and economics, politics - USA, Public Choice Tags: Age of Enlightenment, employment law, free speech, political correctness, regressive left, sex discrimination
In general, one can’t say that chromosomes “determine sex” in animals, as there are other genetic or environmental features that determine what sex an individual becomes. As Coyne and Maroja (2023) note: Different sexes can determined during development bybe based on different chromosomes and their genes (e.g., XX vs. XY in humans, ZW vs. ZZ in birds, […]
Texas professor fired, then reinstated after a lawsuit, for teaching that chromosomes determine human sex
ROB MacCULLOCH: Grant Robertson’s new job sends an awful message to students about meritocracy in NZ
22 Feb 2024 Leave a comment
in economics of bureaucracy, economics of education, politics - New Zealand, Public Choice
The appointment of Grant Robertson as Vice-Chancellor of Otago University has raised hackles – and questions – among academics. Robertson’s credentials for the job is one issue. The appointment process is another. University of Auckland economics professor Rob MacCulloch has posted these three articles in the past few days on Down To Earth Kiwi… […]
ROB MacCULLOCH: Grant Robertson’s new job sends an awful message to students about meritocracy in NZ
Utopia, you are standing in it! 
Recent Comments