Is @BernieSanders right? Is there a difference between socialism and communism?
24 Apr 2020 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of regulation, growth disasters, income redistribution, industrial organisation, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, privatisation, property rights, Public Choice, rentseeking, survivor principle Tags: economics of central planning, fall of communism, regressive left, The fatal conceit
Rational irrationality? Oppositional identity? Virtue signaling?
21 Apr 2020 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, income redistribution, law and economics, Marxist economics, Public Choice, public economics Tags: expressive voting, rational irrationality, virtue signaling
The hypocrisy of the woke @AOC @BernieSanders @SenWarren @jeremycorbyn
19 Apr 2020 Leave a comment
in economics of crime, income redistribution, labour economics, labour supply, law and economics, occupational choice, politics - USA, poverty and inequality, Public Choice, rentseeking, unemployment, welfare reform Tags: top 1%
For @BernieSanders @AOC @SenWarren voters relying on @Amazon in the lockdown by Steve Kaplan
14 Apr 2020 Leave a comment
in applied price theory, economic history, entrepreneurship, financial economics, human capital, income redistribution, labour economics, Marxist economics, occupational choice, politics - USA, poverty and inequality, public economics Tags: envy, taxation and entrepreneurship, taxation and investment, top 1%
Jordan Peterson on Women’s Studies (from Joe Rogan Experience #877)
13 Apr 2020 Leave a comment
in discrimination, economic history, economics of bureaucracy, economics of crime, economics of education, gender, income redistribution, law and economics, liberalism, Marxist economics, property rights, Public Choice, rentseeking Tags: regressive left
Tyler Cowen on the social and political implications of #COVID19
11 Apr 2020 Leave a comment
in applied price theory, applied welfare economics, business cycles, comparative institutional analysis, economic growth, economic history, economics of bureaucracy, economics of natural disasters, health and safety, health economics, income redistribution, labour economics, labour supply, law and economics, macroeconomics, Public Choice, rentseeking Tags: economics of pandemics
Coronavirus: Do socialists understand socialism?
29 Mar 2020 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, growth disasters, growth miracles, income redistribution, industrial organisation, law and economics, liberalism, libertarianism, Marxist economics, Public Choice, public economics, rentseeking, survivor principle Tags: economics of pandemics
How was the war on poverty going?
20 Mar 2020 Leave a comment
in economic history, income redistribution, labour economics, politics - USA, poverty and inequality
the Full-income Poverty Measure estimates the share of people in poverty using a post-tax, (comprehensive or full) post-transfer definition of income. Similar to the Official Poverty Measure, it includes market income (wages and salaries, self-employment and business income, farm income, retirement income from pensions, dividends, interest, rent and alimony) and cash transfers (Aid to Families with Dependent Children/Temporary Assistance for Needy Families, Social Security and workers’ compensation). It then adds the market value of health and non-health in-kind transfers (food stamps/SNAP, subsidized school lunches, rental housing assistance, and Medicare and Medicaid) as well as the market value of employer-provided health insurance. It subtracts Federal income and payroll taxes but adds tax credits including the Earned Income Tax Credit, Child Tax Credit, and Additional Child Tax Credit (the refundable portion of the CTC) based on estimated tax liabilities using NBER Taxsim 9.3 (Feenberg and Coutts 1993). We impute several of these income sources in the early years of our analysis because they were not collected in the CPS-ASEC.
From https://www.iza.org/publications/dp/12855/evaluating-the-success-of-president-johnsons-war-on-poverty-revisiting-the-historical-record-using-a-full-income-poverty-measure via http://conversableeconomist.blogspot.com/2020/03/us-poverty-over-time-how-to-compare.html
.@Bryan_Caplan’s best presentation of the case against education
18 Mar 2020 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of education, economics of information, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, Public Choice, public economics, rentseeking, survivor principle Tags: adverse selection, asymmetric information, College premium, graduate premium, screening, self-selection, signaling
What is a regulatory taking?
16 Mar 2020 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: constitutional law, regulatory taking
Utopia, you are standing in it! 
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