Why propaganda?
21 Nov 2015 Leave a comment
in constitutional political economy, economics of media and culture, income redistribution, Marxist economics, Public Choice, rentseeking Tags: economics of advertising, expressive voting, rational ignorance, rational irrationality
Why are so many Silicon Valley start-up founders libertarian Democrats?
03 Nov 2015 Leave a comment
in economics of media and culture, entrepreneurship, income redistribution, industrial organisation, politics - USA, Public Choice, rentseeking, survivor principle Tags: creative destruction, entrepreneurial alertness, expressive voting, rational ignorance, Silicon Valley, start-ups, voter demographics
@NaomiAKlein agrees with #MiltonFriedman on Mancur Olson’s theory of how nations escape institutional sclerosis
25 Oct 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, income redistribution, Marxist economics, Milton Friedman, Public Choice, rentseeking, technological progress Tags: expressive voting, interest groups, Leftover Left, logic of collective action, Mancur Olson, Naomi Klein, pressure groups, rational ignorance, rational irrationality, rise and decline of nations, Twitter left
Source: quoted by Naomi Klein in “The Shock Doctrine”.
LA premiere tonight @NaomiAKlein @avilewis @mrdannyglover in person Q&A 7.30pm sundancecinemas.com http://t.co/wRkPFbnUHu—
Changes Everything (@thischanges) October 16, 2015
1. There will be no countries that attain symmetrical organization of all groups with a common interest and thereby attain optimal outcomes through comprehensive bargaining.
2. Stable societies with unchanged boundaries tend to accumulate more collusions and organizations for collective action over time.
3. Members of “small” groups have disproportionate organizational power for collective action, and this disproportion diminishes but does not disappear over time in stable societies.
4. On balance, special-interest organizations and collusions reduce efficiency and aggregate income in the societies in which they operate and make political life more divisive.
5. Encompassing organizations have some incentive to make the society in which they operate more prosperous, and an incentive to redistribute income to their members with as little excess burden as possible, and to cease such redistribution unless the amount redistributed is substantial in relation to the social cost of the redistribution.
6. Distributional coalitions make decisions more slowly than the individuals and firms of which they are comprised, tend to have crowded agendas and bargaining tables, and more often fix prices than quantities.
7. Distributional coalitions slow down a society’s capacity to adopt new technologies and to reallocate resources in response to changing conditions, and thereby to reduce the rate of economic growth.
8. Distributional coalitions, once big enough to succeed, are exclusive, and seek to limit the diversity of incomes and values of their membership.
9. The accumulation of distributional coalitions increases the complexity of regulation, the role of government, and the complexity of understandings, and changes the direction of social evolution.
Source: Obituary: Professor Mancur Olson | Obituaries | News | The Independent
Angus Deaton on slow growth as a force for distributional conflict
25 Oct 2015 Leave a comment
in applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, growth disasters, growth miracles, income redistribution, liberalism, Public Choice, rentseeking Tags: Angus Deaton, The Great Enrichment, The Great Escape, The Great Fact
New Zealand low pay incidence one of lowest in OECD @greencatherine @MaxRashbrooke @nzlabour @dpfdpf
22 Oct 2015 Leave a comment
in applied welfare economics, income redistribution, politics - New Zealand
Low Pay Britain? More employees in UK are low paid than in most countries in OECD and Europe resolutionfoundation.org/?post_type=cpt… http://t.co/t2wQQfbRav—
ResolutionFoundation (@resfoundation) October 05, 2015
@HackneyAbbott @JeremyCorbyn4PM Another bad day for British ruling class
11 Oct 2015 Leave a comment
in economic history, income redistribution, labour economics, Marxist economics, Public Choice, public economics, rentseeking Tags: British economy, top 1%, Twitter left
#TPA more popular among democrats
09 Oct 2015 Leave a comment
in income redistribution, international economics, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: TPA, voter demographics
Has the Democratic Party lost the white working class
29 Sep 2015 Leave a comment
in economic history, income redistribution, politics - USA, Public Choice, rentseeking Tags: American politics, Democratic Party, rational ignorance, rational rationality, suppressive voting, Withering away of the proletariat
Again, the decline in white working class support for Democrats is vastly overstated. I bid you a good night. http://t.co/bUNpME5o3B—
The Monkey Cage (@monkeycageblog) September 13, 2015
More reasons to let @jeremycorbyn be Corbyn – non-voters believe much the same things as voters
24 Sep 2015 1 Comment
in constitutional political economy, income redistribution, Marxist economics, Public Choice Tags: British politics, expressive voting, rational ignorance, rational irrationality, Twitter left, voter demographics
It is vital to permanent Tory rule that Jeremy Corbyn stay staunch to the principles and electoral strategy on which he was elected by Labour Party members and supporters to be their leader and alternative Prime Minister.
Source: The huge shock coming down the track for the Corbynites | Conservative Home
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Source: New polling data shows the challenge facing Jeremy Corbyn
Peter Kellner: Measuring the gap between Corbyn’s supporters and Labour’s target voters – y-g.co/1izSpph http://t.co/f1NaNL4xgt—
(@YouGov) September 25, 2015
Utopia, you are standing in it! 
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