By Davis Kedrosky and Nuno Palma. Published in The Journal of Economic History.In the book The Economics of Macro Issues which I used as a supplemental text, they mention that Russia has many resources but its per capita income is less than that of Luxembourg which has few resources. The book suggests that the economic…
The Cross of Gold: Brazilian Treasure and the Decline of Portugal (due to the resource curse)
The Cross of Gold: Brazilian Treasure and the Decline of Portugal (due to the resource curse)
18 Jul 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, growth disasters, international economics, law and economics, macroeconomics, property rights, Public Choice, rentseeking, resource economics Tags: Portugal, resources curse
The Timing of Abundance
18 Jul 2025 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, environmental economics, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
In case you missed my *Build, Baby, Build* because of the 2024 election.
The Timing of Abundance
Disinformation from TPM
16 Jul 2025 Leave a comment
in discrimination, law and economics, politics - New Zealand, property rights, Public Choice Tags: native title, racial discrimination, regressive left
Te Pati Maori in a burp of disinformation declared Eric Crampton as the policy mind between the Foreshore & Seabed law and Marine and Coastal Area law. Of course once again the media largely ignore the fact they just tell blatant lies. Three inconvenient facts:
Disinformation from TPM
Expanding the Milei Miracle: Labor Market Deregulation
12 Jul 2025 1 Comment
in development economics, economics of bureaucracy, economics of regulation, growth disasters, labour economics, labour supply, Public Choice Tags: Argentina, employment law
Part I of this video series gave a brief summary of how Javier Milei’s free market policies have rejuvenated Argentina’s economy. But more reform is needed and this second video makes the case for labor market deregulation. Politicians impose so-called employment protection laws because of “public choice.” To be more specific, they understand that the […]
Expanding the Milei Miracle: Labor Market Deregulation
Govt fiscal constraints are the elephant in the pay equity room
11 Jul 2025 Leave a comment
in applied price theory, discrimination, fiscal policy, gender, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - New Zealand, Public Choice, public economics, rentseeking Tags: gender wage gap, pay equity, sex discrimination
Michael Johnston writes – The way the government went about rolling back 33 pay equity claims lodged under the last government’s Pay Equity legislation was clumsy at best. The changes were made under urgency and applied retrospectively. It was not a good look. Predictable howls of rage and furious accusations ensued. Critics say the government […]
Govt fiscal constraints are the elephant in the pay equity room
Dr. Matthew Wielicki Torches the $7 Trillion Fossil Fuel Subsidy Myth
10 Jul 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, income redistribution, industrial organisation, politics - USA, Public Choice, rentseeking
Let this article be Exhibit A in the case against climate policy by fiat. And remember: when someone tells you fossil fuels are living off your tax dollars, ask them to show the receipts. Odds are, they’re pointing to a spreadsheet full of make-believe.
Dr. Matthew Wielicki Torches the $7 Trillion Fossil Fuel Subsidy Myth
EPA Suspends over 140 Toxic Employees Who Wrote Letter Denouncing Trump Policies
09 Jul 2025 1 Comment
in economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, labour economics, labour supply, occupational choice, personnel economics, politics - USA, Public Choice
The best part of this story is two fold. First, these individuals have done a good job of self-identif[ying] themselves as fifth columnists inside the Trump administration, making it easier to get rid of them.
EPA Suspends over 140 Toxic Employees Who Wrote Letter Denouncing Trump Policies
A story the media ignored
08 Jul 2025 Leave a comment
in economics of bureaucracy, economics of education, politics - New Zealand, Public Choice, rentseeking
David Farrar writes – The Taxpayers’ Union revealed: The Taxpayers’ Union can reveal that Te Wharekura o Tauranga Moana is set to take staff to Tahiti this Friday and refuses to answer basic questions to justify the spend.
A story the media ignored
Victor Davis Hanson Continues to Write Foolishly About Economics
07 Jul 2025 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: tarrifs
TweetEvery time Victor Davis Hanson comments on the economics of international trade he displays his utter ignorance of the most basic facts and theories of that topic. Editor, Real Clear Politics Editor: Victor Davis Hanson’s declaration of victory for Trump’s tariffs is premature and confused (“The Decline and Fall of Our So-Called Degreed Experts,” July…
Victor Davis Hanson Continues to Write Foolishly About Economics
Echoes of Citizens for Rowling
07 Jul 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, transport economics, urban economics Tags: constitutional law
Karl du Fresne writes – Who remembers the Citizens for Rowling campaign? It was a concerted attempt by the Great and the Good to derail National Party leader Robert Muldoon’s election campaign in 1975. The campaign’s backers didn’t like Muldoon’s combative, divisive brand of politics and argued that Labour’s gentlemanly Bill Rowling, who had assumed […]
Echoes of Citizens for Rowling
Massive Rent-Seeking in India’s Government Job Examination System
03 Jul 2025 1 Comment
in applied price theory, development economics, economics of bureaucracy, economics of education, growth disasters, growth miracles, labour economics, occupational choice, personnel economics, Public Choice Tags: India
In India, government jobs pay far more than equivalent jobs in the private sector–so much so that the entire labor market and educational system have become grossly distorted by rent seeking to obtain these jobs. Teachers in the public sector, for example, are paid at least five times more than in the private sector. It’s […]
Massive Rent-Seeking in India’s Government Job Examination System
“The End Goal of Seizing the Means of Production”: Yup, Mamdani is a Hardcore Marxist
03 Jul 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of education, economics of regulation, liberalism, Marxist economics, politics - USA, Public Choice
Below is my column on Fox.com on the debate that Democratic New York mayoral candidate Zohran Mamdani is a socialist, a Democratic Socialist, or a communist. What is clear is that Mamdani is a Marxist and that is a serious problem for New York. Here is the column:
“The End Goal of Seizing the Means of Production”: Yup, Mamdani is a Hardcore Marxist
Berlin Moves To Ban Autos From Inside The City. Widespread Chaos Looms
03 Jul 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, Public Choice, transport economics, urban economics Tags: Germany
Just 12 car trips person per year would be allowed! The Berlin Constitutional Court has declared the “Berlin car-free” referendum admissible, paving the way for a possible drastic reduction in car traffic. Hat-tip: Blackout News Cars may soon be banned in Berlin. Image generated by Grok 3 AI The court found that the aim of…
Berlin Moves To Ban Autos From Inside The City. Widespread Chaos Looms
The gender wage gap uses bogus statistics | FACTUAL FEMINIST
02 Jul 2025 Leave a comment
in applied price theory, discrimination, econometerics, economics of regulation, gender, health and safety, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - USA, Public Choice Tags: gender wage gap, sex discrimination
Failing to Learn the Lessons of History
01 Jul 2025 1 Comment
in applied price theory, economics of bureaucracy, entrepreneurship, income redistribution, industrial organisation, labour economics, politics - USA, Public Choice, public economics, unions, urban economics
Plenty of people have commented on New York City mayoral candidate Zohran Mamdani’s proposal to lower food prices by creating city-owned grocery stores, but there is still more to be said about this plan. Mamdani either thinks or believes that voters think that store owners are making huge profit through … Continue reading →
Failing to Learn the Lessons of History
Utopia, you are standing in it! 
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