Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Mar 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, history of economic thought, income redistribution, law and economics, property rights, Public Choice, public economics, rentseeking, urban economics Tags: rent control, Sweden
Bet On It reader Vanja Månborg knows a lot about rent control in Sweden. If you think Sweden is a country of thoughtful technocrats where government intervention works well, reading his guest post may make you think again. Here’s Vanja:Sweden has had rent control regulations since 1917 with less than two decades of pause between…
100 Years of Rent Control in Sweden
16 Mar 2024 Leave a comment
in defence economics, economic history, economics of bureaucracy, income redistribution, law and economics, liberalism, Marxist economics, Public Choice, public economics, rentseeking, war and peace Tags: Russian revolution, World War I
13 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, income redistribution, international economics, labour economics, labour supply, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment Tags: creative destruction, free trade, tariffs
TweetProf. Angus Deaton Princeton University Prof. Deaton: Over the years I’ve learned much from your writings, and I regard your 2013 The Great Escape as one of the most important books published in the past 15 years. So I was quite surprised and disappointed to read that you, as you say, are now “much more…
An Open Letter to Nobel-laureate Economist Angus Deaton
11 Mar 2024 1 Comment
in applied price theory, economic history, economics of bureaucracy, economics of media and culture, income redistribution, industrial organisation, law and economics, market efficiency, movies, politics - New Zealand, property rights, Public Choice, public economics, rentseeking, survivor principle, theory of the firm, urban economics Tags: Wellington
Both Matt Nippert of the NZ Herald and Tom Hunt of The Post deserve a bouquet for their analyses of the truly remarkable deal between the Wellington City Council (WCC) and the troubled American Cinema company Reading. For this who don’t know, Reading owns a large (more than 14, 000 square metres or 1.4 hectares) […]
Reading deal – rare media bouquet
10 Mar 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of information, economics of media and culture, economics of regulation, entrepreneurship, income redistribution, industrial organisation, managerial economics, market efficiency, organisational economics, personnel economics, politics - New Zealand, Public Choice, public economics, rentseeking, survivor principle, theory of the firm Tags: media bias
A few weeks ago I joined some contemporaries by abandoning the near sixty year habit of watching nightly TV news. I dropped it because I felt it did not give me real information that I had not acquired from other media sources, including some I pay for – The Economist, the NZ Herald, The Atlantic […]
TV layoffs not a threat to democracy
09 Mar 2024 Leave a comment
in applied price theory, economics of bureaucracy, entrepreneurship, income redistribution, industrial organisation, law and economics, politics - USA, Public Choice, public economics, rentseeking, theory of the firm, transport economics, urban economics Tags: cartels, competition and monopoly, competition law
Over 20 years ago, some middling economists (cite) estimated that the Small Business Set-Aside program reduced Forest Service Timber prices by 15%. By limiting the potential pool of available bidders to only smaller lumber mills, you get less competition and worse prices. Now San Francisco is re-learning that lesson. In 2016, it refused to do…
Using procurement for political ends gives you worse prices.
09 Mar 2024 Leave a comment
in defence economics, economic history, economics of bureaucracy, income redistribution, liberalism, Marxist economics, Public Choice, rentseeking, war and peace Tags: Russian revolution, World War I
03 Mar 2024 Leave a comment
in applied price theory, economics of bureaucracy, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, transport economics, urban economics Tags: land supply, zoning
Last week, Housing Minister Chris Bishop gave perhaps the most important speech by the new Government since the election. In a speech to the Wellington Chamber of Commerce, he said he wanted the ratio of house prices to median household income to more than halve to between 3 and 5 over the next 10…
DON BRASH: PERHAPS THE MOST IMPORTANT SPEECH FROM THE NEW GOVERNMENT SO FAR
03 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, environmental economics, income redistribution, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
The Housing Theory of Everything has one of those wonderful self-explanatory titles. A good title matters. The recent and thorough essay explains how the anglosphere’s unnecessarily expensive housing affects, well, everything. Or at least almost everything.Zoning makes it too hard to build houses where people want to build. Urban containment policies block new subdivisions, so…
The Uncompetitive Urban Land Markets Theory of Everything
28 Feb 2024 Leave a comment
in economics of bureaucracy, health economics, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking
The Productivity Commission will cease operations tomorrow, to make way for the new Ministry for Regulation. On the same day, the Waitangi Tribunal will begin an urgent inquiry into the government’s proposal to disestablish the Māori Health Authority. But legislation passed under urgency by Parliament will result in the authority being shut down by the end […]
Productivity Commission gone tomorrow, Māori Health Authority gone in June – so what should we do with the Waitangi Tribunal?
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
24 Feb 2024 1 Comment
in energy economics, environmental economics, global warming, politics - Australia, Public Choice, rentseeking Tags: wind power
The apparent object of the wind and solar ‘transition’ is to destroy reliable and affordable power supplies. The evidence suggests we are well on our way. Hijacked by ideologues with arts degrees and bankrolled by crony capitalists ready to make a fast buck, at your expense, energy policy is playing out as one almighty nightmare […]
How to Wreck Power Supplies: Add Subidised Wind & Solar
22 Feb 2024 Leave a comment
in economic growth, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, Public Choice, rentseeking Tags: ageing society
The Retirement Commissioner has released a paper on aspects of New Zealand Superannuation (NZS). Its focus includes affordability, fairness, age of eligibility, and the treatment of those over 65 who continue in the workforce whilst also receiving NZS. What the Commissioner does not discuss is the relationship between superannuation systems, domestic savings rates and capital […]
Superannuation, KiwiSaver, and New Zealand’s economic development
17 Feb 2024 Leave a comment
in comparative institutional analysis, economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, liberalism, politics - New Zealand, property rights, Public Choice, public economics, rentseeking Tags: climate activists, rule of law
Oliver Hartwich writes – The World Justice Project ranks New Zealand 7th out of 142 countries on its ‘Rule of Law Index’, narrowly ahead of Australia’s 13th place. However, Australia still has hope – if only because of a recent decision by the Supreme Court of New Zealand. The case is easily told. Mike Smith, […]
OLIVER HARTWICH: Absurd – NZ courts can now decide on climate change
16 Feb 2024 1 Comment
in energy economics, entrepreneurship, environmental economics, global warming, industrial organisation, Public Choice, rentseeking, survivor principle, transport economics Tags: electric cars
Death of the EV revolution?
Ford EV Crisis: “Our Gen 2 vehicles won’t launch unless we can … profit”
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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