Daily chart: Tourist visits before and after African terror attacks econ.st/1JmvUN3 http://t.co/5nWKUQbey8—
The Economist (@TheEconomist) June 30, 2015
Terrorist attacks and tourism
30 Jun 2015 Leave a comment
in economics of media and culture, industrial organisation, international economics, politics - Australia, politics - New Zealand, politics - USA, survivor principle, war and peace Tags: economics of tourism, war on terror
The Puerto Rican sovereign default explained
30 Jun 2015 Leave a comment
in economic growth, fiscal policy, international economic law, politics - USA, population economics Tags: ageing society, economics of immigration, Puerto Rica, sovereign defaults
Puerto Rico's debt is nearly half that of California for a population one-tenth the size on.wsj.com/1Kj5XPZ http://t.co/nM2aM8kWtP—
Nick Timiraos (@NickTimiraos) June 29, 2015
Top marginal income tax rate throughout the 20th century
29 Jun 2015 Leave a comment
in economic history, entrepreneurship, income redistribution, politics - USA, Public Choice, public economics, rentseeking Tags: Eurosclerosis, taxation and entrepreneurship, taxation and investment, taxation and the labour supply, top 1%
Piketty presents the changes in the top marginal income tax rate throughout the 20th century… #GCLIS http://t.co/sFpV0ypC5C—
LIS (@lisdata) April 16, 2014
The major wars in American history
29 Jun 2015 Leave a comment
in politics - USA, war and peace Tags: war economy
Poverty rates in Canada, UK and USA since 1985
28 Jun 2015 Leave a comment
in labour economics, politics - USA, poverty and inequality, welfare reform Tags: British economy, Canada, top 1%
Despite 30 years of the ravages of neoliberalism, Reagan, Thatcher, and Blair, the whole lot, poverty has not gone up or down much at all.
Figure 1: relative poverty rate (% of persons living with less than 50% of equivalised disposable income), USA, UK and Canada
Source: In It Together – Why Less Inequality Benefits All – © OECD 2015
Creative destruction in house sizes
28 Jun 2015 Leave a comment
in economic history, politics - USA, urban economics Tags: creative destruction, the good old days, The Grade Enrichment
CHART: Today’s new homes are 1,000 square feet larger than in 1973, and average living space per person has doubled http://t.co/vdBTwWsygG—
Mark J. Perry (@Mark_J_Perry) June 27, 2015
A taxonomy of the Moon Landing hoax
28 Jun 2015 Leave a comment
in health economics, politics - USA Tags: conspiracy theories, conspiracy theorists, moon landing, moon landing hoax, political psychology, space
The different types of authoritarian personalities
28 Jun 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, politics - Australia, politics - New Zealand, politics - USA, Public Choice Tags: antiforeign bias, antimarket bias, economics of personality traits, expressive voting, Leftover Left, makework bias, political psychology, rational ignorance, rational irrationality
How many congressmen are convicted of crimes?
27 Jun 2015 Leave a comment
in economics of crime, law and economics, occupational choice, politics - USA, Public Choice Tags: official corruption, political corruption
Donald Trump explained
27 Jun 2015 Leave a comment
in international economic law, international economics, politics - USA, Public Choice, rentseeking Tags: 2016 presidential election, antiforeign bias, antimarket bias, crony capitalism, Donald Trump, expressive voting, left-wing populists, populists, right-wing populists
All in less cash transfers average income tax rates at average wage, USA, UK, Australia and New Zealand
27 Jun 2015 Leave a comment
in labour supply, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, public economics Tags: Australia, British economy, family tax credits, family taxation, in-work tax credits, social insurance, taxation and the labour supply, welfare state
Figure 1: All in less cash transfers average income tax rates at average wage, 2014
Source: OECD tax database
The success of Indian migrants
27 Jun 2015 Leave a comment
Indians have become an extraordinarily successful minority in America. A burgeoning new elite econ.st/1cgD0GN http://t.co/XxwcclHpDJ—
The Economist (@EconEconomics) May 26, 2015
The share market speaks – Supreme Court’s Obamacare Decision Already Worth $3 Billion For Insurers
26 Jun 2015 Leave a comment
in financial economics, health economics, politics - USA Tags: events studies, Obamacare, share prices
via The Supreme Court’s Obamacare Decision Is Already Worth $3 Billion For Insurers | FiveThirtyEight.
Why is the Australian top 0.1% far less greedy than the UK, US and Canadian top 0.1%?
26 Jun 2015 Leave a comment
in economic history, entrepreneurship, human capital, labour economics, labour supply, Marxist economics, occupational choice, politics - Australia, politics - USA, poverty and inequality Tags: Australia, British economy, Canada, Leftover Left, top 0.1%, top 1%
Figure 1: top 0.1% share of gross income, Australia, UK, USA and Canada since 1946
Source: Chartbook of Economic Inequality.
The top 0.1% in Australia is earning not much more than it did in 1946. For most of the post-war period, the Australian top 0.1% earned less than what it earned in 1946. The only spike in the earnings of the Australian top 0.1% occurred after the top tax rate of 66% was reduced to 49% in 1986.
There were major cuts in the top tax rates in Australia,the USA and UK in the early 1980s. Figure 1 shows that these top tax rate cuts were matched with a spike in the earnings of the top 0.1% subsequent to those large tax cuts.
Banning Bottled Water: the Unintended Consequences.
26 Jun 2015 Leave a comment
in applied price theory, economics of regulation, health economics, politics - USA Tags: meddlesome preferences, nanny state, offsetting behaviour, The fatal conceit, The pretence to knowledge, unintended consequences
Starting in 2012, the University of Vermont began a process of requiring that all campus locations selling beverages provided 30% “healthy” beverages, and then that all locations phases out all sales of bottled water.
There were two hope: 1) reduced use of bottles, when bottled water was no longer available, and 2) that healthier beverages would be consumed.
The orange line that drops to zero shows bottled water being phased out. The rising line at the top shows the rise in sugar-sweetened beverages. The red line in the middle that rises sharply shows the rise in sugar-free beverages.
via CONVERSABLE ECONOMIST: Banning Bottled Water: Unintended Consequences.
Utopia, you are standing in it! 
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