Quarters following general elections tend to see decent growth – especially 1979 http://t.co/bJarqD8Etj—
RBS Economics (@RBS_Economics) July 28, 2015
What happened the last time a Labour PM was elected before Blair
08 Aug 2015 Leave a comment
in economic growth, economic history, income redistribution, macroeconomics, Public Choice, rentseeking Tags: British economy, British Labour Party, British politics, Tony Blair Blair
Trump would also do well in the Democratic Party primaries
07 Aug 2015 Leave a comment
in constitutional political economy, politics - USA, Public Choice, rentseeking Tags: 2016 presidential election, expressive voting, traditional working class
Labour Party misunderstands why a Tory MP tried to join to vote @jeremycorbyn
06 Aug 2015 Leave a comment
in constitutional political economy, Marxist economics, Public Choice, rentseeking Tags: British Labour Party, British politics, expressive voting, Leftover Left, preference formation, rational irrationality, shy Labour voters, working class Torys
I’m worried! I’m sympathising with organic farmers over a land use conflict!
06 Aug 2015 1 Comment
in applied price theory, applied welfare economics, economics of regulation, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, Richard Epstein, survivor principle Tags: common law, economics of agriculture, food snobs, green rent seeking, land use conflicts, land use planning, law of nuisance, noise pollution, nuisance, old common law, organic farming, Richard Epstein, William Blackstone, zoning
Writing this blog of sound mind and sober disposition, I still have considerable sympathy with two organic farmers over a land use conflict they have with the neighbouring gun range.
Local land use regulations allows a gun club to set up 600 m away with competitive shooting days all day for 88 days a year. That is a voluntary self restraint. They could hold shooting competitions every day of the year. The local land use regulations allow the use of guns on rural land. The gun club used this absence of a prohibition on the use of guns in the frequency of use to set up a gun range to fire guns all day long on rural land.
Now here is the rub. There something wrong with the concept of quiet enjoyment of your land if a neighbour can fire off a large amount of noises continuously. The occasional noise, the occasional gunshot yes, but all day? I live near the airport, but I knew it was there when we bought the property and the lands was a little cheaper because of that.
The organic farmers are unusually pristine and prissy about what they want by neighbours to protect the sacredness of their more expensive snob food. I’m not too sure whether they would want to grant their neighbours an equal right to unusual land uses such as opening a gun range. That said, the organic farmers do have a point about a very noisy neighbouring land use that can be heard some distance away.
The organic farmers, of course, could have negotiated with their neighbours for covenants to restrict land use that undermine there are unusually pristine requirements for quiet enjoyment of their land and their neighbours land too. Easy to do when the land is first unused, but once economic activity accumulates, not so easy in terms of transaction costs and hold-outs.
The Left opposed airline deregulation
05 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of regulation, entrepreneurship, income redistribution, industrial organisation, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking, survivor principle Tags: airline deregulation, antimarket bias, bootleggers and baptists, expressive voting, Leftover Left, rational ignorance, rational irrationality
CHART: US average airfares 1979 to 2014 measured in number of hours work at the average wage. @chartoftheday http://t.co/q7Phz3VkU0—
Mark J. Perry (@Mark_J_Perry) August 02, 2015
An internal inconsistency in certain leading conspiracy theories
05 Aug 2015 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of media and culture, health economics, Public Choice, rentseeking Tags: antiscience left, climate alarmism, conspiracy theories, conspiracy theorists, GMOs, political psychology
The tax rates of the top 1%
04 Aug 2015 Leave a comment
in applied welfare economics, entrepreneurship, fisheries economics, income redistribution, politics - USA, rentseeking Tags: entrepreneurial alertness, envy, taxation and entrepreneurship, taxation and investment, taxation and the labour supply, top 1%
Historical Tax Rates of Top 0.01% (15,000 returns reporting more than $8 million in 2010) visualizingeconomics.com/blog/2013/8/14… http://t.co/XygW0t0npu—
Catherine Mulbrandon (@VisualEcon) August 15, 2013
North and South Korea in the 20th century
03 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Marxist economics, Public Choice, rentseeking Tags: central planning, North Korea, South Korea
Has Africa Outgrown Development Aid?
03 Aug 2015 Leave a comment
in applied price theory, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, Public Choice, rentseeking Tags: Africa, capitalism and democracy, capitalism and freedom, rule of law, The Great Fact
The fates of two islands under constant threat from a neighbouring military colossus
01 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economics of media and culture, economics of regulation, growth disasters, growth miracles, income redistribution, industrial organisation, law and economics, liberalism, Marxist economics, property rights, Public Choice, rentseeking, survivor principle Tags: anticapitalist mentality, antimarket bias, capitalism and freedom, China, Cuba, expressive voting, Hong Kong, Leftover Left, public intellectuals, rational ignorance, rational irrationality, Twitter left
Trigger warning for the Twitter Left
31 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, constitutional political economy, income redistribution, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: antimarket bias, endogenous growth theory, expressive voting, laffer curve, Leftover Left, taxation and entrepreneurship, taxation and human capital, taxation and investment, taxation and the labour supply, top 1%, Twitter left
It’s a worry when James Hansen is talking sense on energy policy
30 Jul 2015 Leave a comment
in economics of media and culture, energy economics, environmental economics, global warming, politics - USA, Public Choice, rentseeking Tags: Big Solar, green rent seeking, James Hansen, renewable energy, solar energy, solar power
James Hansen just totally destroyed Hillary Clinton's climate plan. goo.gl/N8n9Cz http://t.co/ef8bElDBBn—
Steve Milloy (@JunkScience) July 29, 2015
If bureaucrats were any good at picking winners, they would be hedge funds managers
30 Jul 2015 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, entrepreneurship, financial economics, human capital, industrial organisation, labour economics, managerial economics, occupational choice, organisational economics, rentseeking, survivor principle Tags: active investing, corporate welfare, efficient markets hypothesis, entrepreneurial alertness, hedge funds, industry policy, passive investing, picking winners, The fatal conceit, The pretence to knowledge
Page 32 of "An Illustrated Guide to Income" more economic #dataviz at: bit.ly/12SEI9p http://t.co/HYm0II2UNI—
Catherine Mulbrandon (@VisualEcon) May 08, 2013
Page 33 of "An Illustrated Guide to Income" more economic #dataviz at: bit.ly/10M7lqR http://t.co/FcmaqZWB32—
Catherine Mulbrandon (@VisualEcon) May 09, 2013
The hedge fund industry held $2.9 trillion of assets in June. Exchange-traded funds did better econ.st/1DdXgWS http://t.co/CK2foqMOpw—
The Economist (@EconEconomics) August 01, 2015
The living wage as an application of Director’s Law
30 Jul 2015 Leave a comment
in income redistribution, labour economics, minimum wage, politics - Australia, politics - New Zealand, politics - USA, population economics, poverty and inequality, Public Choice, rentseeking Tags: British politics, Director's Law, expressive voting, living wage, rational ignorance, rational irrationality
OBR's idea of who will benefit from National Living Wage http://t.co/ztxfW906Gg—
James Bartholomew (@JGBartholomew) July 08, 2015
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