Ratio of Median Salary of Top 25 Highest Paid MLB Player to Avg. Worker Pay Increased from 100:1 to 700:1 Since 1988 http://t.co/5zLktBXS3D—
Mark J. Perry (@Mark_J_Perry) August 18, 2015
More evidence of mass kidnappings of #occupywallstreet activists
20 Aug 2015 Leave a comment
in applied price theory, human capital, income redistribution, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, rentseeking, sports economics Tags: expressive voting, Left-wing hypocrisy, Leftover Left, mass kidnappings, Occupy Wall Street, rational ignorance, rational irrationality, superstar wages, superstars, top 0.1%, top 1%
Henry Hazlett on why economics is so difficult
20 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, income redistribution, Public Choice, rentseeking Tags: antiforeign bias, antimarket bias, bootleggers and baptists, green rent seeking, Henry Hazlett, makework bias, methodology of economics, philosophy of economics
The depth and breadth of European colonization 1500-1900
19 Aug 2015 Leave a comment
in constitutional political economy, economic history, Public Choice, rentseeking Tags: age of empires, British empire, British imperialism, colonialism, imperialism
A map showing the depth and breadth of European colonization 1500-1900: thesocietypages.org/socimages/2015… http://t.co/37234ZzDfj—
(@SocImages) March 21, 2015
Should We Subsidize Scientific Research?
18 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, entrepreneurship, industrial organisation, Public Choice, rentseeking, survivor principle Tags: competition as a discovery procedure, economics of science, industry policy, losers, picking winners, R&D, The meaning of competition, The pretence the knowledge
The track record on banking on solar energy innovation becoming cost competitive
18 Aug 2015 Leave a comment
in economic history, energy economics, entrepreneurship, environmental economics, global warming, politics - USA, Public Choice, rentseeking Tags: Big Solar, creative destruction, green rent seeking, renewable energy, renewable resources, solar energy
Unexpected kind word for Parliament House protesters @GreenpeaceNZ @RusselNorman @NZGreens @greencatherine
15 Aug 2015 2 Comments
in constitutional political economy, economics of crime, environmental economics, global warming, law and economics, liberalism, politics - New Zealand, Public Choice, Rawls and Nozick, rentseeking Tags: civil disobedience, climate alarmism, expressive voting, Greenpeace, John Rawls, Justice Scalia, Leftover Left, rule of law
PRESS RELEASE: Greenpeace Parliament Climbers Convicted of Trespass bit.ly/1DRfKMG #realclimateaction http://t.co/sxRokpwRNk—
Greenpeace NZ (@GreenpeaceNZ) August 13, 2015
The Greenpeace vandals who trespassed at Parliament, climbing up to put signs down the front in flagrant disregard of the most ample possible options for peaceful protest right outside at least had the integrity to plead guilty. That shows some sort of fidelity to law and an acknowledgement that what they did was a criminal offence.
John Rawls makes the point that the purpose of civil disobedience is not to impose your will upon others but through your protest to implore them to reconsider their position and change the law or policy you are disputing.
Rawls argues that civil disobedience is never covert or secretive; it is only ever committed in public, openly, and with fair notice to legal authorities. Openness and publicity, even at the cost of having one’s protest frustrated, offers ways for the protesters to show their willingness to deal fairly with authorities. Rawls argues:
- for a public, non-violent, conscientious yet political act contrary to law being done (usually) with the aim of bringing about a change in the law or policies of the government;
- that appeals to the sense of justice of the majority;
- which may be direct or indirect;
- within the bounds of fidelity to the law; and
- whose protesters are willing to accept punishment. Although civil disobedience involves breaking the law, it is for moral rather than selfish reasons; the willingness to accept arrest is proof of the integrity of the act.
Rawls argues, and too many forget, that civil disobedience and dissent more generally contribute to the democratic exchange of ideas by forcing the champions of dominant opinion to defend their views.
Legitimate non-violent direct action are publicity stunts to gain attention and provoke debate within the democratic framework, where we resolve our differences by trying to persuade each other and convince the electorate.
Too many acts of non-violent direct action aim to impose their will on others rather than peaceful protests designed to bring about democratic change in the laws or policies of the incumbent government. That ‘might does not make right’ is fundamental to the rule of law. As United States Supreme Court Justice Antonin Scalia said
The virtue of a democratic system [with a constitutionally guaranteed right to free speech] is that it readily enables the people, over time, to be persuaded that what they took for granted is not so and to change their laws accordingly..
Both sides passionately but respectfully attempt to persuade their fellow citizens to accept their views. Win or lose, advocates for today’s losing causes can continued pressing their cases, secure in the knowledge that an electoral loss today can be negated by a later electoral win, which is democracy in action as Justice Kennedy explains:
…a democracy has the capacity—and the duty—to learn from its past mistakes; to discover and confront persisting biases; and by respectful, rationale deliberation to rise above those flaws and injustices…
It is demeaning to the democratic process to presume that the voters are not capable of deciding an issue of this sensitivity on decent and rational grounds.
The process of public discourse and political debate should not be foreclosed even if there is a risk that during a public campaign there will be those, on both sides, who seek to use racial division and discord to their own political advantage. An informed public can, and must, rise above this. The idea of democracy is that it can, and must, mature.
Freedom embraces the right, indeed the duty, to engage in a rational, civic discourse in order to determine how best to form a consensus to shape the destiny of the Nation and its people. These First Amendment dynamics would be disserved if this Court were to say that the question here at issue is beyond the capacity of the voters to debate and then to determine.
John Rawls’ view that fidelity to law and democratic change through trying to persuade each other is at the heart of civil disobedience reflects the difference between the liberal and the left-wing on democracy and social change as Jonathan Chait observed this week:
Liberals treat political rights as sacrosanct. The left treats social and economic justice as sacrosanct. The liberal vision of political rights requires being neutral about substance.
To the left, this neutrality is a mere guise for maintaining existing privilege; debates about “rights” can only be resolved by defining which side represents the privileged class and which side represents the oppressed…
Liberals believe that social justice can be advanced without giving up democratic rights and norms. The ends of social justice do not justify any and all means.
How the left-wing and liberal visions of democracy are different nymag.com/daily/intellig… http://t.co/Qk5vS9SaV4—
Jonathan Chait (@jonathanchait) August 13, 2015
Puerto Rico’s predicaments: Is its minimum wage the culprit?
15 Aug 2015 Leave a comment
in applied price theory, development economics, economic history, industrial organisation, politics - USA, public economics, rentseeking, survivor principle Tags: Puerto Rico
(Co-authored with Ben Zipperer. Posted at Washington Center for Equitable Growth)
Puerto Rico today faces a serious debt crisis, recently defaulting on a bond payment. The proximate cause is a slowdown in economic growth since the mid-2000s, which has reduced tax revenues, and a declining labor market, where employment growth has been mostly in the red since 2007.
There are many explanations for the economic downturn and the resulting fiscal crisis, but some commentators have incorrectly blamed the island’s high minimum wage. To be sure, the federal minimum wage—which has applied to Puerto Rico since 1983—is much more binding there than it is on the mainland. Because hourly wages are substantially lower in Puerto Rico compared to the U.S. mainland, the federal minimum wage policy affects more of the workforce there. In 2014, for example, the federal minimum wage stood at 77 percent of the median hourly wage in Puerto Rico…
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Creative destruction in taxi rent capitalisation
13 Aug 2015 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, Public Choice, rentseeking, survivor principle Tags: creative destruction, Uber
Australia announces its futile carbon emissions target
12 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: Australia, China, climate alarmism, climate change treaties, free-riders, game theory, global warming, international free riders, international public goods, public goods
Liberal voting cities markets have higher income inequality and worse affordability
12 Aug 2015 Leave a comment
in politics - New Zealand, politics - USA, Public Choice, rentseeking, urban economics Tags: Director's Law, expressive boating, green rent seeking, housing affordability, land supply, land use planning, Left-wing hypocrisy, NIMBYs, rational ignorance, rational irrationality, zoning
All homeowners have an incentive to stop new housing because if developers build too many homes, prices fall, and housing is many families’ main asset. But in cities with many Democrats and Green Party members, environmental concerns might also be a factor. The movement might be too eager to preserve the past.

via Why Middle-Class Americans Can’t Afford to Live in Liberal Cities – The Atlantic.
@GreenpeaceNZ is the zenith of the Anti-science Left in New Zealand
09 Aug 2015 Leave a comment
in economics of regulation, environmental economics, environmentalism, health economics, Public Choice, rentseeking Tags: antiscience left, expressive voting, GMOs, green rent seeking, Greenpeace, Left-wing hypocrisy, precautionary principle, rational ignorance, rational irrationality
US researchers: the idea that global warming has slowed is "no longer valid" grnpc.org/IgDMn via @BBCWorld http://t.co/bIDhaWPV3r—
(@Greenpeace) June 05, 2015
Brace yourself. Global warming is 'set to speed up to rates not seen for 1,000 years.' bit.ly/1x8TnKd http://t.co/pLTprLEiIm—
Greenpeace USA (@greenpeaceusa) March 09, 2015
Are we doomed? Global temperatures hit critical point, scientists warn. bit.ly/1DWkJq7 via @EcoWatch http://t.co/VRT7DH3stN—
Greenpeace USA (@greenpeaceusa) August 01, 2015
Analysing environmental benefits from driving electric vehicles
09 Aug 2015 Leave a comment
in applied welfare economics, energy economics, environmental economics, global warming, politics - USA, Public Choice, rentseeking Tags: coal power, electric cars, green rent seeking, hydroelectric power, nuclear energy, nuclear power, offsetting behaviour, The fatal conceit, The pretense to knowledge, unintended consequences

- The benefit is large and positive in many places in the west because the western electricity grid is relatively clean – primarily a mix of hydro, nuclear, and natural gas.
- The benefit is large and negative in many places in the east because the eastern electricity grid primarily relies more heavily on coal and natural gas.
via Economist’s View.
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
Quarters following general elections tend to see decent growth – especially 1979 http://t.co/bJarqD8Etj—
RBS Economics (@RBS_Economics) July 28, 2015



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