Celebrating humanity's flourishing through the spread of capitalism and the rule of law
13 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, law and economics, macroeconomics, property rights, Public Choice, rentseeking Tags: The Great Enrichment
The recipe for economic growth is not complicated. You can put it in very simple terms, as Adam Smith did a few hundred years ago. Or you can develop and utilize data-heavy indexes like the ones published by the Fraser Institute and Heritage Foundation. In either case, the result will be the same. If you […]
The (Non) Mystery of Economic Growth
10 Aug 2024 Leave a comment
in politics - New Zealand, Public Choice, public economics, rentseeking, transport economics, urban economics
Garry Moller writes: If I had it my way, I would scrap many of Wellington’s cycleways, and do it better. Allow me to elaborate. … For Wellington to thrive, ample on-street parking is essential. Despite the influx of more public service employees and contractors in recent years, central Wellington is struggling. Many long-term Wellington residents, […]
Gary Moller on Wellington cycleways
10 Aug 2024 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, income redistribution, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - USA, property rights, Public Choice, public economics, regulation, rentseeking, survivor principle, theory of the firm Tags: barriers to entry, creative destruction, taxi regulation
The idea behind Uber first arose, the story goes, on a snowy evening in Paris back around 2008, when Travis Kalanick and Garrett Camp found themselves stuck in Paris on a snowy evening, unable to find a taxi. They wondered “What if you could request a ride simply by tapping your phone?” They co-founded Uber based…
The Creation of Ride-sharing and the Creativity of Markets
07 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply
I met Yale Law’s David Schleicher when he was still a law professor at GMU. Back then, we argued about the best model of non-rigged one-party democracy, often seen in major cities… and Singapore. Since then, David’s become a powerful academic voice for YIMBY. Last month, David joined me for another Fast Take on Build,…
Fast Takes on *Build, Baby, Build*: David Schleicher
05 Aug 2024 Leave a comment
in applied price theory, discrimination, economic growth, economics of bureaucracy, economics of crime, economics of regulation, gender, income redistribution, labour economics, law and economics, macroeconomics, Public Choice, public economics, rentseeking, urban economics Tags: British politics
She’s been one of the rising stars of the British Conservative Party for some time now, and I’ve covered stories about her before (Would be nice if a US Democrat said this about Critical Race Theory and A Tory warning for the National Party of 2032), but I’ve finally decided to add Kemi Badenoch as a tag […]
How Politicians Should Debate: Kemi Badenoch
03 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking, urban economics Tags: housing affordability, land supply
Here’s a lively AIER podcast on Build, Baby, Build with the one and only Veronique de Rugy. Best French libertarian since Bastiat? Décider vous-même!P.S. Capla-Con 2024 starts two weeks from tomorrow in Fairfax, Virginia. You’re all invited! Feel free to coordinate ride-sharing in the comments.
Talking BBB with Veronique de Rugy
31 Jul 2024 Leave a comment
in economics of bureaucracy, environmental economics, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, transport economics, urban economics
The Post reports: Many Wellington City home owners have received a nasty surprise after new rates costs came out with increases higher than the already-eye-watering planned increases. My rates have gone up over $900 a year, or just over 20%. This is not due to more investment in water infrastructure. This is due to the […]
Wellington rates skyrocket
31 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economic history, economics of regulation, income redistribution, labour economics, labour supply, law and economics, minimum wage, politics - USA, property rights, Public Choice, regulation, rentseeking, unemployment, urban economics Tags: housing affordability, regressive left, rent control
In an interesting new paper Federal Reserve economists Marianna Kudlyak, Murat Tasci and Didem Tüzemen look at what happens to job vacancy postings when the minimum wage increases. The vacancy data in our analysis come from the job openings data from the Conference Board as a part of its Help Wanted OnLine (HWOL) data series. […]
The Minimum Wage, Rent Control, and Vacancies or Who Searches?
31 Jul 2024 Leave a comment
in development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, income redistribution, law and economics, liberalism, Marxist economics, property rights, Public Choice, rentseeking, resource economics Tags: Venezuela
Jeffrey Clemens points us to some bonkers editorializing in the NYTimes coverage of the likely stolen election in Venezuela. The piece starts out reasonably enough: Venezuela’s authoritarian leader, Nicolás Maduro, was declared the winner of the country’s tumultuous presidential election early Monday, despite enormous momentum from an opposition movement that had been convinced this was […]
Venezuela under “Brutal Capitalism”
30 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, regressive left, rent control
The minimum wage will tend to increase unemployment among low-skill workers, often minorities. To many people that’s an argument against the minimum wage. But to progressives at the opening of the 20th century that was an argument for the minimum wage–progressive’s demanded minimum wages to get women and racial minorities out of the work force. […]
Rent Control Reduces New Development: Bug or Feature?
29 Jul 2024 Leave a comment
in economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics
Last month I wrote about the Government’s failure to repeal David Parker’s mad ‘te Mana o te Wai’ (literally meaning the mana of the water) requirements. A few days ago, the research team at the Taxpayers’ Union were sent the details on how the rules are playing it out in my local area: Otago. While…
PETER WILLLIAMS: The costs of Te Mana o te Wai are worse than we thought
27 Jul 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, income redistribution, politics - New Zealand, politics - USA, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply
Ed Glaeser is the chairman of Harvard’s Department of Economics. He’s also widely credited with reviving the entire field of Urban Economics. His 2018 “The Economics of Housing Supply” (with Joe Gyourko) in the Journal of Economic Perspectives was a major inspiration for my Build, Baby, Build. So in the latest “Fast Takes” interview, I…
Fast Takes on *Build, Baby, Build*: Ed Glaeser
26 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: cap and trade, carbon tax, climate alarmism
That is the topic of my latest Bloomberg column, here is one excerpt: A recent study finds that, of all domestic subsidies, the most effective involve replacing the dirty production of electricity with the cleaner production of electricity. In practice, that means subsidies or tax credits for solar and wind power. Those are more than twice as effective as […]
Which are the most effective subsidies for green energy?
22 Jul 2024 Leave a comment
in comparative institutional analysis, economic history, income redistribution, International law, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law, Maori economic development
Anyone watching and trying to understand last Sunday’s Q&A where Jack Tame interviewed Debbie Ngarewa-Packer will realise that she seems to be beyond reason. Tame tried to examine bits of her blather and her obvious misuse of words, but she immediately slithered like an eel under a rock and made louder assertions about how Maori “korero”…
MICHAEL BASSETT: DEALING WITH TODAY’S SMALL, RAUCOUS, CRAZY MAORI FRINGE
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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