Hong Kong and Venezuela compared
27 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: capitalism and freedom, Hong Kong, Latin American crony capitalism, Venezuela
Socialism works -Venezuela twice as rich as Hong Kong!
No, wait, that was in 1960. http://t.co/sqwVnMc19t—
Screwed by State (@ScrewedbyState) July 26, 2015
Murray Rothbard on the falling popularity of Pope Francis
25 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, economics of education, economics of regulation, economics of religion, energy economics, environmental economics, income redistribution, industrial organisation, international economics, Murray Rothbard, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking, survivor principle Tags: antiforeign bias, antimarket bias, Catholic social thought, climate alarmism, expressive voting, global warming, makework bias, Pope Francis, rational ignorance, rational irrationality, voter demographics
The Rahn curve explained
23 Jul 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, income redistribution, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: Director's Law, growth of government, laffer curve, optimal tax theory, Rahn curve, size of government
Why I loath consensus making and bipartisanship
19 Jul 2015 Leave a comment
in constitutional political economy, income redistribution, Public Choice, rentseeking Tags: bipartisanship, Margaret Thatcher, political polarisation
Maggie Thatcher on the Greek crisis
17 Jul 2015 Leave a comment
in applied welfare economics, budget deficits, comparative institutional analysis, constitutional political economy, currency unions, economic growth, economic history, economics of regulation, Euro crisis, fiscal policy, income redistribution, macroeconomics, Marxist economics, Public Choice, rentseeking Tags: Greece, growth of government, Margaret Thatcher, size of government
Latin American populism versus the East Asian Tigers
17 Jul 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: East Asian Tigers, Latin American populism
Growth paths of #LatAm & the Caribbean the South East Tigers: wrld.bg/NCtLt #RiseoftheSouth http://t.co/IFuUOWldox—
World Bank Pubs (@WBPubs) May 31, 2015
How to argue for inequality and neoliberalism when arguing dead set against it
17 Jul 2015 Leave a comment
in economic growth, economic history, human capital, income redistribution, labour economics, labour supply, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: Leftover Left, neoliberalism, top 1%
On 12 August last, Closer Together New Zealand posted a chart showing average hourly wages had been stagnant for 20 years and then started growing again in 1993. Closer Together New Zealand then rounded up the usual suspects of the Left over Left.
Later that month in a comment on that post, a chart was posted showing that inequality had been increasing quite rapidly in the late 1980s and early 1990s in New Zealand. There were a range of economic reforms Closer Together New Zealand didn’t like in the late 1980s and early 1990s.
Closer Together New Zealand did not notice their second chart showed there had been a large increase in inequality, and their first chart showed that this was followed by the return of regular average hourly wages after 20 years of stagnation.
I am not so vulgar as to suggest correlation is causation, but it is amusing to watch that one day a chart is posted showing a resumption of wages growth after 20 years of wage stagnation and the next day a chart is posted showing that the major economic developments in the preceding years were a large increase in inequality and substantial economic liberalisation.
To add to my amusement, a companion site Inequality A New Zealand Conversation posted a chart showing the top 1% had not had much at all in income growth for the last 20 years while most everyone else had. This spike in the incomes of the top 1% prior to about 1994 was followed by the resumption in average wages growth after 1994.
James Hackman and the four types of welfare state
16 Jul 2015 Leave a comment
in constitutional political economy, income redistribution, Public Choice, rentseeking, welfare reform Tags: Director's Law, James Hackman, social insurance, welfare state
Poverty rates among immigrants and natives across the OECD
16 Jul 2015 Leave a comment
in income redistribution, labour economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, welfare reform Tags: Australia, child poverty, economics of immigration, family poverty
And the rich got richer, who cares
16 Jul 2015 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 education, economics of regulation, economics of religion, energy economics, entrepreneurship, environmental economics, financial economics, growth disasters, growth miracles, income redistribution, industrial organisation, international economics, labour economics, labour supply, liberalism, poverty and inequality, Public Choice, rentseeking, survivor principle, transport economics, urban economics Tags: Deirdre McCloskey, entrepreneurial alertness, The Great Enrichment, The Great Escape, The Great Fact, top 1%
"The rich got richer, true. But…" —@DeirdreMcClosk buff.ly/1Imdv4o http://t.co/M3ERx3JTIn—
HumanProgress.org (@humanprogress) June 28, 2015
Should Majorities Decide Everything?
15 Jul 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, income redistribution, liberalism, Public Choice, rentseeking Tags: constitutional law, expressive voting, median voter theorem, Mike Munger, rational ignorance, rational irrationality, tyranny of the majority
Poverty lines can lead to results stranger than fiction
15 Jul 2015 Leave a comment
in development economics, growth disasters, growth miracles, income redistribution, labour economics, poverty and inequality Tags: China, measurement errors, poverty lines
@MaxCRoser, rather bizarre that this series puts the poverty rate in the UK as more than double that of China! http://t.co/X9KHzlu54I—
Will L (@wjl2133) June 15, 2015
Good old left-wing hate speech at its best
12 Jul 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, income redistribution, Public Choice, rentseeking Tags: British elections, expressive voting, free speech, hate speech, London newspapers, media bias, rational ignorance, rational irrationality
I agree with @D_Blanchflower – I wish newspapers didn't spin elections and played it straight, like they used to… http://t.co/5btL7PAFWe—
Fraser Nelson (@FraserNelson) May 07, 2015
Utopia, you are standing in it! 
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