The Australian Green party has proposed cancelling all student debt in Australia, as part of an aim for government to provide “free education for life”. However, free education is not free. In an article in The Conversation earlier this month, Bruce Chapman (Australian National University) makes a case against the claim that cancelling student debt…
Try as they might, the Australian Green party can’t make university education free
Try as they might, the Australian Green party can’t make university education free
25 Nov 2024 Leave a comment
in applied price theory, economics of education, human capital, income redistribution, labour economics, labour supply, liberalism, Marxist economics, occupational choice, politics - Australia, poverty and inequality, Public Choice, public economics, rentseeking Tags: College premium, regressive left
The Treaty Principles debate: Parliament is having a third go at addressing this conundrum
25 Nov 2024 Leave a comment
in economics of bureaucracy, income redistribution, International law, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Muriel Newman writes- ACT’s Principles of the Treaty of Waitangi Bill was tabled in Parliament on November 7, and the first reading debate was held on November 14. The Bill was referred to the Justice Select Committee, where a closing date for submissions of 7 January 2024 has been set – full details can be found HERE. This […]
The Treaty Principles debate: Parliament is having a third go at addressing this conundrum
Automakers’ Costly Gamble on EVs: A Lesson in Ignoring Consumer Demand
25 Nov 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, politics - USA, Public Choice, transport economics Tags: electric cars
Ultimately, the market will decide the winners and losers. Automakers that prioritize consumer satisfaction over government market manipulation will thrive, while those that gambled on an uncertain future may find themselves scrambling to survive. Tesla’s trajectory proves that it’s possible to innovate without compromising, and the rest of the industry would be wise to take notes.
Automakers’ Costly Gamble on EVs: A Lesson in Ignoring Consumer Demand
Milei and populism
23 Nov 2024 1 Comment
in applied price theory, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, macroeconomics, monetarism, monetary economics, Public Choice, rentseeking, unemployment Tags: Argentina
Bryan Caplan and Daniel Klein both opine on Milei and populism, Dan being very enthusiastic, while Bryan praising Milei but more reserved in his praise of populism. I too am a big fan of Milei, and I think he is still on a good track. If his reforms do not succeed, likely it will not […]
Milei and populism
Bob Ekelund Remembered
23 Nov 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, health economics, history of economic thought, industrial organisation, law and economics, market efficiency, Milton Friedman, property rights, Public Choice, public economics, regulation, theory of the firm Tags: competition law, Product safety
TweetHere’s my just-published remembrance, in Public Choice, of my late teacher, dissertation advisor, co-author, and friend, Bob Ekelund. Three slices: The only textbook assigned for the course was Milton Friedman’s Price Theory. From some younger members of Auburn’s economics faculty, I heard a few cocktail-lubricated complaints that core theory courses in a modern economics Ph.D.…
Bob Ekelund Remembered
Popuphobia’s Javier Milei Problem
22 Nov 2024 1 Comment
in development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
My dear friend and colleague Dan Klein wrote this. He loves feedback, so please share your thoughts in the comments. And he’d especially appreciate reactions from friends Shikha Dalmia and Nils Karlson, which I’d definitely be glad to run.P.S. Dan asked me to link to the latest Milei news.I define popuphobe as someone who propagates…
Popuphobia’s Javier Milei Problem
Hikoi organiser rebuffs Seymour while a bloke named Jones (no, not Shane) says he understands the Māori Party’s frustration
19 Nov 2024 Leave a comment
in discrimination, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law, free speech, political correctness, racial discrimination, regressive left
Bob Edlin writes – Associate Justice Minister David Seymour “refused” Morning Report’s invitation to be interviewed on RNZ’s Morning Report, the day after the Treaty Principles Bill he is promoting had passed its first reading in Parliament after “a fiery debate and vote”. No matter. There were plenty of other people all too eager to […]
Hikoi organiser rebuffs Seymour while a bloke named Jones (no, not Shane) says he understands the Māori Party’s frustration
How come the new Ministry of Regulation has been taken over by Career Regulators, Mr Seymour?
19 Nov 2024 Leave a comment
in economics of bureaucracy, economics of regulation, politics - New Zealand, Public Choice
America is super excited about the new Department of Government Efficiency that is being set up, headed by Elon Musk and Vivak Ramaswamy. We all know Musk – his achievement was launching a space program at about 1% the cost of NASA’s space program. What had gone wrong at NASA? It had turned into a…
How come the new Ministry of Regulation has been taken over by Career Regulators, Mr Seymour?
Resolving the infrastructure deficit
16 Nov 2024 Leave a comment
in economics of bureaucracy, economics of regulation, environmental economics, law and economics, politics - New Zealand, property rights, Public Choice, public economics, transport economics, urban economics
Peter Dunne writes – Last week the government announced plans to build two new tunnels in central Wellington to ease traffic congestion. One will be a second tunnel through Mount Victoria to improve the flow of traffic to the eastern suburbs and Wellington International Airport. The other will be alongside the existing Terrace tunnel to […]
Resolving the infrastructure deficit
Ananish Chaudhuri: The sheer lunacy of contemporary progressive politics or How I became a right-wing extremist
11 Nov 2024 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, public economics Tags: Age of Enlightenment, economics of pandemics, free speech, political correctness, regressive left
With Kemi Badenoch taking over the leadership of Tories in the UK, newspapers have been replete with how this represents a radical turn to the right. Similar headlines appeared when Labour was booted from power in New Zealand. There was a time when I would have thought: “Shame. Why can’t these people not be more…
Ananish Chaudhuri: The sheer lunacy of contemporary progressive politics or How I became a right-wing extremist
Reeves to make Bank of England put climate change and growth on equal footing
31 Oct 2024 Leave a comment
in economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, macroeconomics, monetary economics, Public Choice Tags: British politics, climate activists, climate alarmism, monetary policy
By Paul Homewood So much for the Bank’s much vaunted independence! Rachel Reeves is planning to make the Bank of England take climate change as seriously as growth, as the Chancellor seeks to use her maiden Budget to overhaul the economy. In a letter to Governor Andrew Bailey on Wednesday, Ms Reeves is […]
Reeves to make Bank of England put climate change and growth on equal footing
Biden-Harris policies and their consequences were no surprise to those paying attention
30 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, fiscal policy, global warming, health economics, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: 2024 presidential election, drug lags, taxation and entrepreneurship, taxation and investment
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from the noise. In this sense, the “ambitious” policy agenda of the Biden-Harris administration was expected to be a gift to the research community. Accepting this gift, since 2020 I have been making forecasts…
Biden-Harris policies and their consequences were no surprise to those paying attention
The Shinkansen and Japan’s Lost Decades
30 Oct 2024 Leave a comment
in applied price theory, economic growth, economics of bureaucracy, industrial organisation, macroeconomics, Public Choice, public economics, survivor principle, transport economics, urban economics Tags: Japan
Japan is known for many things, but two of them are the Shinkansen high-speed trains and the nation’s three Lost Decades of slow economic growth. Unfortunately, most tourists who go to Japan see the former and don’t see the latter and especially don’t see the connection between the two. The … Continue reading →
The Shinkansen and Japan’s Lost Decades
The Liberals didn’t even stand in British Columbia.
29 Oct 2024 Leave a comment
in politics, Public Choice Tags: Canada
The Liberal Party has been the dominant party in Canada for many years. However in the recent provincial elections in British Columbia they were not even on the ballot, as they were looking to come a distant third – so they pulled out. Their withdrawal has allowed the more leftish NDP to narrowly beat the […]
The Liberals didn’t even stand in British Columbia.
Rural and coastal residents delay, block green energy projects
28 Oct 2024 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, law and economics, property rights, Public Choice Tags: celebrity technologies, solar power, wind power
Environmentalists insist that they love the “little guys” — until they get in their way, ask inconvenient questions or try to block renewable energy projects intended to save the planet from “human-caused climate cataclysms.”
Rural and coastal residents delay, block green energy projects
Utopia, you are standing in it! 
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