190308 [Webinar] Consistent Economic Policy and Economic Development
29 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, defence economics, economic growth, economic history, economics of information, Euro crisis, fiscal policy, fisheries economics, global financial crisis (GFC), great recession, growth disasters, growth miracles, history of economic thought, human capital, inflation targeting, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics, unemployment
Friedman and Schwartz agreed with Anderson, Tollison and Shughart on the public choice origins of the Great Contraction!
28 Dec 2023 Leave a comment
in applied price theory, business cycles, economic history, economics of bureaucracy, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics, Public Choice, rentseeking Tags: monetary policy
DON BRASH: The new government has one helluva a task in front of it: Compulsory indoctrination is unworthy of professional bodies
28 Dec 2023 Leave a comment
in constitutional political economy, law and economics, liberalism, Marxist economics, politics - New Zealand, Public Choice, rentseeking Tags: consititutional law, political correctness, regressive left
The other day, I became aware of another example of the way in which the last Government tried to embed its own narrow interpretation of the Treaty of Waitangi into every aspect of New Zealand life. This one involves the Real Estate Authority. Like many similar bodies, it encourages its authorized agents to get…
DON BRASH: The new government has one helluva a task in front of it: Compulsory indoctrination is unworthy of professional bodies
#OTD
26 Dec 2023 Leave a comment
in comparative institutional analysis, economic history, law and economics, liberalism, Marxist economics, Public Choice Tags: fall of communism
Argentina Milei reform impressions
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
I didn’t have much time in Argentina, but I can pass along a few impressions about how Milei is doing, noting I hold these with “weak belief”: 1. He is pretty popular with the general population. He is also popular in B.A. in particular. People are fed up with what they have been experiencing. It […]
Argentina Milei reform impressions
FMI Public Speaker Series – Finn Kydland
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics, rentseeking
Finn E. Kydland Nobel Lecture at CERGE-EI
22 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics
Monetary policy turning points
18 Dec 2023 Leave a comment
in business cycles, economic growth, economic history, economics of bureaucracy, global financial crisis (GFC), great recession, history of economic thought, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: monetary policy
When the Reserve Bank MPC came out late last month with its last words on monetary policy before its extended summer break, my post then was headed “Really?“. It was a commentary on the disjunction between the Reserve Bank’s inflation forecasts on the one hand, that showed quarterly inflation collapsing (not really too strong a word […]
Monetary policy turning points
The Piketty-Saez-Zucman response to Auten and Splinter
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
Dr Lawrie Knight: Fact Checking Waitangi Tribunal Finding
16 Dec 2023 Leave a comment
in constitutional political economy, economic history, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
Evidence that Northern ,Māori ,knew they were ceding sovereignty to the Crown when they signed the Treaty of Waitangi – fact checking the Waitangi Tribunal 2014 findings and the 2023 findings released on the 8th of December 2023. The Waitangi Tribunal has stated in its 2014 inquiry into Te Paparahi o Te Raki, that the…
Dr Lawrie Knight: Fact Checking Waitangi Tribunal Finding
An Upside-Down Economic History of Argentina
13 Dec 2023 Leave a comment
in budget deficits, business cycles, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, labour economics, macroeconomics, Public Choice, public economics, rentseeking, Ronald Coase Tags: Argentina
Argentina has a very interesting, but also rather tragic, economic history. During first half of the 20th century, it was one of the world’s richest nations. But thanks to dirigiste economic policies (known locally as Peronism) starting after World War II, Argentina has suffered a dramatic decline in relative living standards. However, something shocking has […]
An Upside-Down Economic History of Argentina
Can Argentina Be Rescued, Part III
12 Dec 2023 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, growth disasters, income redistribution, international economics, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, Milton Friedman, monetary economics, Murray Rothbard, Public Choice Tags: Argentina
My trip to Argentina last year motivated me to write Part I of this series, which focused on whether things might get better in that tragic country for the simple reason that they couldn’t possibly get any worse. In Part II of this series, I analyzed whether a libertarian candidate’s surprisingly strong performance in Argentina’s […]
Can Argentina Be Rescued, Part III
California dreaming no more
11 Dec 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, entrepreneurship, income redistribution, industrial organisation, labour economics, minimum wage, Public Choice, public economics Tags: California, Florida
A Pro-Globalization Banquet
05 Dec 2023 Leave a comment
in applied price theory, development economics, economic history, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, liberalism, Marxist economics, Public Choice, rentseeking Tags: Age of Enlightenment, The Great Enrichment, The Great Escape
If you want to drink deeply of unabashedly pro-globalization essays, the Cato Institute has a “Defending Globalization” project underway. The well-written essays are mostly short or mid-length, and clearly aimed at the general public–including undergraduate students. I can’t hope to summarize the essays here, and indeed, more essays are on their way (and you can…
A Pro-Globalization Banquet
Lord Hannan, Daniel speaks about equality, the Treaty and the Taxpayers’…
01 Dec 2023 Leave a comment
in comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of crime, gender, history of economic thought, law and economics, liberalism, Marxist economics, politics - New Zealand, politics - USA, property rights, Public Choice Tags: Age of Enlightenment, free speech, political correctness, regressive left
Utopia, you are standing in it! 
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