@nzlabour @NZGreens New Zealand state-owned enterprises dividends paid and capital injections since 2007
25 Sep 2015 Leave a comment
in financial economics, industrial organisation, politics - New Zealand, public economics, rentseeking, survivor principle, transport economics Tags: government ownership, KiwiRail, privatisation, rational ignorance, rational rationality, state owned enterprises, suppressive voting
The New Zealand Labour Party and New Zealand Greens both make much of the fact that when you privatise a state-owned enterprise the taxpayer is no longer entitled to dividends from the privatised business. The fact that the sale price is the net present value of those future dividends is a rating fallacy that is not the subject of this post.
Source: New Zealand Treasury – data released under the Official Information Act.
What is the subject of this post is whether there are indeed any dividends paid to taxpayers after capital injections. 2007 was the last year in which dividends to the taxpayer exceeded capital injections. The reason was that dog called KiwiRail.
How many colonies did each European country have?
20 Sep 2015 Leave a comment
in defence economics, economic history, Public Choice, rentseeking Tags: age of empires, British empire, British imperialism, colonialism
A map of Europe based on how many colonies each country had i100.io/SpgD1re http://t.co/Atj5Td1dHN—
i100 (@thei100) July 04, 2015
The rise of democracy in the 20th century
20 Sep 2015 Leave a comment
in constitutional political economy, income redistribution, liberalism, Marxist economics, Public Choice, rentseeking, war and peace Tags: Age of the Enlightenment, capitalism and freedom, rule of law
@DavidLeyonhjelm on the true history of the #NannyState @KevinHague @NZGreens
16 Sep 2015 Leave a comment
in economic history, economics of regulation, liberalism, Public Choice, rentseeking Tags: bootleggers and baptists, meddlesome preferences, nanny state
Mises on feminism
12 Sep 2015 Leave a comment
in constitutional political economy, discrimination, economics of education, gender, labour economics, labour supply, liberalism, occupational choice, Public Choice, rentseeking Tags: economics of fertility, economics of the family, engines of liberation, female labour force participation, feminism, women's liberation
An opportunity lost – to expel #WesternAustralia from the rest of Australia and seal the border
11 Sep 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, politics - USA, Public Choice, rentseeking Tags: Australia, economics of borders, economics of succession, Scotland, self-determination, succession movements, Western Australia
Western Australian secessionists, in common with Scottish nationalists, really do like to dictate the terms of their succession which always includes an open border and a generous financial settlement regarding division of federal government debts.
How arrogant. Why should parting be sweet? If you do not want us, why should we want you. If you want to find your own destiny, you can find it good and hard.
Tariffs and the class war
10 Sep 2015 1 Comment
in applied welfare economics, income redistribution, international economics, Public Choice, rentseeking Tags: rentseeking, tariffs
Presidential election turnout by race
09 Sep 2015 Leave a comment
in constitutional political economy, politics - USA, Public Choice, rentseeking Tags: 2016 presidential election, civil rights, Democratic Party, racial discrimination, southern States, voting rights
Creative destruction in taxi medallion sales
05 Sep 2015 Leave a comment
in economic history, economics of regulation, entrepreneurship, politics - USA, property rights, Public Choice, rentseeking Tags: taxi regulation, Uber
Is sociology really irrelevant in policy debates?
03 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of media and culture, income redistribution, labour economics, occupational choice, Public Choice, rentseeking Tags: compensating differentials, evidence-based policy, media bias, offsetting behaviour, public intellectuals, sociology, The fatal conceit, The pretence to knowledge, unintended consequences
Is sociology really irrelevant in policy debates? @familyunequal does a better job with the #s blog.contexts.org/2015/01/25/soc… http://t.co/c4E25DTCmm—
(@SocImages) February 04, 2015
Utopia, you are standing in it! 
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