Greg Mankiw on one of the few things economists agree on: free trade. That's the problem. nyti.ms/1GrLisQ http://t.co/WrLuP3oBSW—
The Upshot (@UpshotNYT) April 25, 2015
Murphy’s Law of Economic Policy
26 Apr 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, Public Choice, rentseeking Tags: Alan Blinder, evidence-based policy, expressive politics, free trade, protectionism, rational ignorance, rational irrationality, rent seeking
Worldviews and political views
26 Apr 2015 Leave a comment
in Public Choice Tags: expressive voting, political psychology, rational ignorance, rational irrationality
Elections as battlefields, literally: public choice aspects of the allocation of death in battle
25 Apr 2015 Leave a comment
in Public Choice, war and peace Tags: Anzac Day, Civil War, Vietnam war
There have been studies of both elections affecting the fighting wars, and how troop deployments and furloughs are manipulated to affect elections. Regular Army and reservists from states and electorates that are hotly contested at the next election are kept away from the firing line.
Goff and Tollison (1987) studied how assignments to combat or non-combat positions wan influenced by political considerations during the Vietnam war. Casualties across U.S. states were a function of the political influence, especially in military affairs, of a state’s House and Senate delegations to Congress and the Senate.
Political influence on which troops were put into combat positions was not new as shown by Anderson and Tollison’s 1991 study of the electoral college is a battlefield during the American civil war. Their primary empirical finding was that electoral votes per capita are a strong explainer of casualties across Union states, all else equal. Lincoln would dispatch and withdraw troops from the frontline on the basis of electoral considerations, including who was needed back home to vote in the 1864 presidential election:
Northern causalities [during the Civil War] were partly determined by electoral votes in 1864… Given that the Northern troops were organized by states and that President Lincoln sought to be re-elected, . . . [t]roops from close states were much less likely to suffer causalities . . . [based on the logic that] . . . dead men cannot vote
In another neo-liberal victory, health and welfare spending shares have doubled in the last 50 years
24 Apr 2015 Leave a comment
in income redistribution, politics - USA, Public Choice, public economics Tags: Director's Law, Leftover Left, median voter theorem, neoliberalism, tax reform, welfare state
Why don’t GOP presidential candidates address climate change? Because they want to win.
24 Apr 2015 Leave a comment
in environmental economics, global warming, politics - USA, Public Choice Tags: 2016 presidential election, climate alarmism, global warming, median voter theorem
Republicans furthest to the right are also most likely to reject the scientific consensus that human activity is to blame.
Why does this matter for 2016? Because conservative voters turn out heavily in primaries.
In 2012, two-thirds of the Republican primary electorate identified itself as conservative or very conservative in exit polling. Only one-third identified itself as being moderate or liberal Republicans.
When two-thirds of voters overlaps with the group that’s most likely to reject the idea that we should address climate change, that’s a strong disincentive to hold your ground on the subject.

Company tax rates around the world
24 Apr 2015 Leave a comment
in international economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics Tags: company tax rate, tax competition
Tony Atkinson’s ‘Inequality – What Can Be Done?’
24 Apr 2015 Leave a comment
in applied welfare economics, labour economics, minimum wage, Public Choice, Rawls and Nozick, welfare reform Tags: guaranteed minimum income, Leftover Left
I find proposal number 3 to target reducing unemployment rather perplexing because Atkinson in proposal number 5 wants to increase the minimum wage to the living wage, which will increase unemployment. He proposes a guaranteed child income, but he doesn’t appear to make proposals for a guaranteed family minimum income. A guaranteed family minimum income or an increase in the earned income tax credit, to use the American terminology, would increase the incomes of the low paid without threatening their job through a minimum wage increase.
Out Today: Tony Atkinson's new book 'Inequality – What Can Be Done?'
Here are his 14 proposals to reduce inequality: http://t.co/RPXmEBBFCR—
Max Roser (@MaxCRoser) April 23, 2015
Median income by race in America
23 Apr 2015 Leave a comment
in discrimination, income redistribution, labour economics, poverty and inequality Tags: racial discrimination, wage gaps
The UK Greens tax and spending plans
22 Apr 2015 Leave a comment
in income redistribution, Public Choice, public economics Tags: British general election, expressive voting, rational ignorance, rational irrationality, Uk Greens, UK politics
The social cost of high company tax rates is just too high
22 Apr 2015 Leave a comment
in economic growth, fiscal policy, human capital, income redistribution, labour economics, macroeconomics, Public Choice Tags: company tax rate, entrepreneurial alertness, tax reform
Still further evidence of the rise and rise of the working rich
21 Apr 2015 Leave a comment
in applied price theory, entrepreneurship, income redistribution, industrial organisation, survivor principle Tags: capitalism and freedom, entrepreneurial alertness, The Great Enrichment, top 1%, working rich
The comparative institutional analysis of stereotypes
21 Apr 2015 Leave a comment
in applied price theory, discrimination, economics of bureaucracy, entrepreneurship, gender, industrial organisation, labour economics, Public Choice, survivor principle Tags: labour market discrimination, markets selection, signaling and screening, stereotypes, The meaning of competition
Be careful for what you wish for when you call for moderation and bipartisanship in politics
20 Apr 2015 Leave a comment
in economic history, income redistribution, politics - USA, Public Choice, rentseeking Tags: bipartisanship, expressive voting, growth in government, ideology, median voter theorem, political polarisation, rational irrationality
Computers are taking gerrymandering to a whole new level
19 Apr 2015 Leave a comment
in politics - USA, Public Choice Tags: gerrymandering
You know I heart you Chicago, but u killing me tonight. Mayoral race notwithstanding, this is gerrymandered 2nd ward http://t.co/Fnq75tup06—
Caroline Vanderoef (@CAVandy) February 25, 2015

For these reasons regarding strong passionate minority opposition and weak majority support, the Labour Party’s new leader pressured a member of his caucus to withdraw a private member’s bill on end of life choice.




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