FMI Public Speaker Series – Finn Kydland
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics, rentseeking
Finn E. Kydland Nobel Lecture at CERGE-EI
22 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics
The Piketty-Saez-Zucman response to Auten and Splinter
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
An Upside-Down Economic History of Argentina
13 Dec 2023 Leave a comment
in budget deficits, business cycles, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, labour economics, macroeconomics, Public Choice, public economics, rentseeking, Ronald Coase Tags: Argentina
Argentina has a very interesting, but also rather tragic, economic history. During first half of the 20th century, it was one of the world’s richest nations. But thanks to dirigiste economic policies (known locally as Peronism) starting after World War II, Argentina has suffered a dramatic decline in relative living standards. However, something shocking has […]
An Upside-Down Economic History of Argentina
California dreaming no more
11 Dec 2023 Leave a comment
in applied price theory, comparative institutional analysis, economic growth, entrepreneurship, income redistribution, industrial organisation, labour economics, minimum wage, Public Choice, public economics Tags: California, Florida
How to Kill a Country
04 Dec 2023 Leave a comment
in development economics, growth miracles, labour economics, public economics, urban economics Tags: ageing society, economics of fertility, population bomb, South Korea
Much of Seoul is a sea of high-rises. And not just Seoul: Busan and other cities in South Korea have lots of high rises. More than half of all South Korean households live in high rises, and well over 60 percent live in some kind of multifamily housing. Seoul: High … Continue reading →
How to Kill a Country
David Seymour: Treaty principles, Pharmac, and being minister for regula…
26 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of regulation, entrepreneurship, health economics, law and economics, politics - New Zealand, property rights, public economics
Effective marginal tax rates, and work incentives for older people
24 Nov 2023 Leave a comment
in labour economics, labour supply, occupational choice, public economics
Tax rates matter for work incentives. When tax rates are high, there is less incentive for people to work. They may pass up additional work and choose leisure time instead. However, it isn’t just taxes that matter. It is the loss of other entitlements as well. All of these are bound up in what is…
Effective marginal tax rates, and work incentives for older people
How Socialist is Sweden?
19 Nov 2023 Leave a comment
in income redistribution, labour economics, poverty and inequality, Public Choice, public economics Tags: Sweden
During our Capitalism versus Socialism debate, Scott Sehon argued that Scandinavia really is quite socialist. Since I’m not on expect on Scandinavia, I asked Johan Norberg, author of the short book The Mirage of Swedish Socialism, as well as the recent The Capitalist Manifesto, to weigh in. Norberg kindly agreed. With great interest I have…
How Socialist is Sweden?
America’s top one percent has not been seeing a rising income share
18 Nov 2023 Leave a comment
in economic history, entrepreneurship, human capital, income redistribution, labour economics, labour supply, occupational choice, poverty and inequality, Public Choice, public economics Tags: top 1%
That is the topic of my latest Bloomberg column. The opener is this: Can a single self-published paper really refute decades of work by three famous economists? If the paper is the modestly titled “Income Inequality in the United States: Using Tax Data to Measure Long-Term Trends,” then the answer — with qualifications — is yes. And…
America’s top one percent has not been seeing a rising income share
Book Presentation with John Cochrane: “The Fiscal Theory of the Price Le…
09 Nov 2023 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics, public economics Tags: monetary policy
Reflections on the TCU Capitalism versus Socialism Debate
08 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, industrial organisation, labour economics, law and economics, liberalism, libertarianism, Marxist economics, poverty and inequality, privatisation, property rights, Public Choice, public economics Tags: economics of socialism, Sweden
Two days ago at Texas Christian University, I debated Scott Sehon, chair of Bowdoin College’s Philosophy Department, on Capitalism versus Socialism. (Video forthcoming eventually). My opening statement was a slight variation on the one I wrote for an earlier debate on the same topic with Elizabeth Bruenig. Sehon’s opening statement was adapted from his Socialism:…
Reflections on the TCU Capitalism versus Socialism Debate
Caplan-Singer Debate Video
05 Nov 2023 Leave a comment
in economic growth, economics of education, entrepreneurship, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
A year ago, Jonah Franks, who runs Public Intellectuals for Charity, organized a debate between me and Peter Singer on “Do the rich pay their fair share?” I already posted my opening statement, my reflections on the debate, along with two follow-ups on Singer’s “Noble Lie.” The debate video itself, however, was gated for paying…
Caplan-Singer Debate Video
Liberal Hypocrisy is Fueling American Inequality. Here’s How. | NYT Opinion well worth watching
04 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of education, economics of regulation, income redistribution, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, public economics, rentseeking, urban economics Tags: housing affordability, top 1%, zoning
South Africa’s Slow, Inevitable March Towards Collapse
04 Nov 2023 Leave a comment
in development economics, economic history, economics of crime, energy economics, entrepreneurship, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, poverty and inequality, Public Choice, public economics, urban economics Tags: South Africa
Utopia, you are standing in it! 
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