The relative importance of capitalism and the British welfare state in abolishing destitution
24 Nov 2014 Leave a comment
HT: Andrew Newell
Deirdre McCloskey on Piketty’s definition of wealth in the Age of Human Capital
23 Nov 2014 Leave a comment
Reason for UKIP’s success?
23 Nov 2014 Leave a comment
It’s not just Ed Miliband. Labour’s on the wrong side of history » The Spectator
21 Nov 2014 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, election campaigns, liberalism, macroeconomics, Marxist economics, political change, politics - Australia, politics - New Zealand, politics - USA, public economics, technological progress Tags: free trade, globalisation, market augmenting governments
Politicians can’t be heroes any more. Instead, they have to operate within the tightly drawn tramlines of the global economy.
This is true for those on the left and the right, but the pressure that this places on countries to adopt a low-tax, light-regulation regime is something with which the right is far more comfortable.
via It’s not just Ed Miliband. Labour’s on the wrong side of history » The Spectator.
The Economics of Elysium
16 Nov 2014 Leave a comment
in applied price theory, development economics, F.A. Hayek, growth disasters, growth miracles, income redistribution, law and economics, Marxist economics, movies, property rights, Public Choice, rentseeking Tags: Cuba, Elysium
What if We’re Looking at Inequality the Wrong Way? – NYTimes.com
16 Nov 2014 Leave a comment
in applied welfare economics, entrepreneurship, human capital, labour economics, labour supply, liberalism, Marxist economics, occupational choice, politics - USA, poverty and inequality, public economics, Rawls and Nozick, technological progress Tags: Piketty, poverty and inequality
The Twitter Left is replacing the Left over Left
14 Nov 2014 Leave a comment
in comparative institutional analysis, liberalism, Marxist economics, politics, politics - Australia, politics - New Zealand, politics - USA, technological progress Tags: Leftover Left, Twitter left
State owned enterprises continue to be a bad investment for the NZ taxpayer
12 Nov 2014 2 Comments
in industrial organisation, Marxist economics, politics - New Zealand, public economics Tags: privatisation, state owned enterprises
In a Briefing to the Incoming Minister just released, the Treasury said that in 2013, total shareholder return from state owned enterprises to the taxpayer was just 3 per cent. This is a little bit better than leaving the money in the bank.
Note: KiwiRail is excluded because of significant changes in its valuation methodologies over the past few years, including the significant write down in its asset values in 2012. . Total shareholder return for 2012 has been restated to include Solid Energy.
KiwiRail lost $248 million in 2013, after a $174.4 million loss a year earlier. Solid Energy lost $182 million last year last year. This $182m loss follows a $335.4m loss in the June 2013 year and a $40m loss the year before that.
25 years ago today in East Berlin
05 Nov 2014 Leave a comment
in Marxist economics, politics, Public Choice Tags: collapse of communism, Fall the Berlin war
Utopia, you are standing in it! 
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