A history of macroeconomics| Thomas J. Sargent in China 2020
26 Aug 2020 Leave a comment
in Alfred Marshall, applied price theory, budget deficits, business cycles, econometerics, economic growth, economic history, economics of information, Edward Prescott, financial economics, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, Marxist economics, Milton Friedman, monetarism, monetary economics, politics - USA, Public Choice, public economics, Robert E. Lucas Tags: Keynesian macroeconomics, New Keynesian macroeconomics
The perils of foreign travel in the early modern era
25 Aug 2020 Leave a comment
With holidays abroad still a major challenge due to the ongoing coronavirus epidemic, Dr Paul Hunneyball, assistant editor of our Lords 1558-1603 project, considers the risks associated with travel overseas four hundred years ago…
One of the standard clichés of life a few centuries ago is that people tended not to travel very far. While this was broadly true for the bulk of the population, there were in fact more opportunities to explore the world than we generally assume. By the early seventeenth century enterprising mariners and merchants were crossing the Atlantic, and reaching as far afield as Russia and India, in addition to more routine contacts with most coastal areas of continental Europe. For several decades, England had permanent garrisons in the Netherlands, which generated a great deal of traffic across the North Sea. For the privileged classes, the option of foreign travel for cultural or educational purposes…
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Guardian warns ‘last chance’ on climate change, after many other ‘last chances’
25 Aug 2020 Leave a comment
Are human facial expressions universal in which emotions they express?
25 Aug 2020 Leave a comment
The latest issue of Science Advances has a provocative and clever piece of research aimed at answering a long-standing question—one considered by Charles Darwin himself: are the facial expressions associated with human emotions universal across all cultures? And, if so, is that the result of evolution? The paper suggests that, at least for a limited set of emotions, the answer is yes to both questions. You can read the paper by clicking the screenshot below, or reading the pdf here.The full reference is at the bottom.
Cowen and Keltner note that there have been a fair number of attempts to answer this question, all involving going to remote areas where there is little contact with Westerners, and seeing if people in those areas match photos of Western expressive signals (joy, anger, sympathy) with similar words in their native language. The results have been mixed. That, one would think, already…
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A Monarchy Transformed: Britain 1603 – 1714 by Mark Kishlansky (1996) 2
25 Aug 2020 Leave a comment
The reign of James I
Queen Elizabeth I died aged 70 on 24 March 1603. She had resisted marrying a husband or bearing an heir throughout her reign and now died childless. King James VI of Scotland was chosen to inherit the crown of England, ascending the throne at the age of 37, having himself ascended the Scottish throne while still a child aged 13 months, after his mother, Mary Queen of Scots was forced to abdicate in his favour.
James had been brought up by four regents and umpteen guardians, and had survived the poisonous faction-fighting of the Scottish court for 20 years since coming of age.
Kidnapping Scottish kings was almost constitutional practice and James himself was abducted twice. (p.79)
Upon hearing he’d inherited the throne of England, James hastened south to Scotland’s rich, sunny neighbour and never went back. Unfortunately, he brought quite a few Scottish aristocrats…
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Lisa Lawrence, President, National Council of Women plain wrong on Maori not needing feminism
25 Aug 2020 Leave a comment


The Case for Capitalism, Part II
25 Aug 2020 Leave a comment
Yesterday, in Part I of this series, we enjoyed a video from the U.K.-based Centre for Economic Education, about how capitalism lifted the world from deprivation and oppression (also see videos by Don Boudreaux and Deirdre McCloskey).
Today, in Part II of the Case for Capitalism, here’s a video from CEE that explains how markets provide you a cup of coffee.
An obvious takeaway from the video is that consumers benefit from global markets, which hopefully helps to explain why free trade is desirable.
But there are four other messages that are even more widely applicable.
- Capitalism is based on competition, but also should be understood as a system of cooperation.
- Voluntary exchange means that both buyers and sellers expect to benefit from a transaction.
- Prices should be set by unfettered markets rather than politicians, regulators, or bureaucrats.
- Our prosperity is a result of the invisible hand
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Are human facial expressions universal in which emotions they express?
25 Aug 2020 Leave a comment
The latest issue of Science Advances has a provocative and clever piece of research aimed at answering a long-standing question—one considered by Charles Darwin himself: are the facial expressions associated with human emotions universal across all cultures? And, if so, is that the result of evolution? The paper suggests that, at least for a limited set of emotions, the answer is yes to both questions. You can read the paper by clicking the screenshot below, or reading the pdf here.The full reference is at the bottom.
Cowen and Keltner note that there have been a fair number of attempts to answer this question, all involving going to remote areas where there is little contact with Westerners, and seeing if people in those areas match photos of Western expressive signals (joy, anger, sympathy) with similar words in their native language. The results have been mixed. That, one would think, already…
View original post 1,502 more words
Gas has half the CO2 emissions of coal
25 Aug 2020 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmists

see too https://www.eia.gov/energyexplained/natural-gas/natural-gas-and-the-environment.php
Natural gas is a relatively clean burning fossil fuel
Burning natural gas for energy results in fewer emissions of nearly all types of air pollutants and carbon dioxide (CO2) than burning coal or petroleum products to produce an equal amount of energy. About 117 pounds of carbon dioxide are produced per million British thermal units (MMBtu) equivalent of natural gas compared with more than 200 pounds of CO2 per MMBtu of coal and more than 160 pounds per MMBtu of distillate fuel oil. The clean burning properties of natural gas have contributed to increased natural gas use for electricity generation and as a transportation fuel for fleet vehicles in the United States.
Natural gas is mainly methane—a strong greenhouse gas
Some natural gas leaks into the atmosphere from oil and natural gas wells, storage tanks, pipelines, and processing plants. The U.S. Environmental Protection Agency estimates that in 2017, methane emissions from natural gas and petroleum systems and from abandoned oil and natural gas wells were the source of about 32% of total U.S. methane emissions and about 4% of total U.S. greenhouse gas emissions1. The oil and natural gas industry takes steps to prevent natural gas leaks.
Popper is spot on
25 Aug 2020 Leave a comment
in economics of education, economics of religion, Karl Popper Tags: philosophy of science, political correctness, regressive left

Queering the NSPCC? Part Three
25 Aug 2020 Leave a comment
Lesbian Erasure?
ChildLine : Coming Out Stories

In the third of my posts on the NSPCC, child protection charity, I looked at Coming Out Stories, involving three females and one male. Callum is a gay male. One of the females identifies as assexual, one bisexual and , despite watching this, and transcribing it, I still don’t know what the final girl identifies as. 😳. This is a video about coming out and , as far as I can tell, Maja didn’t actually come out as anything! What was noticeable was, out of the three females, not one came out as Lesbian.
Here is a link to the youtube https://youtu.be/wzw6rGDMqX0
Here is a transcript: ChildLine Coming Out stories Transcription
First question is directed at Calum. He is given, by far, the most air time in this piece. He was aware of his sexuality at a young age and began talking…
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Lost on @AOC @Greens @NZGreens @BernieSanders @GreenpeaceAP
25 Aug 2020 Leave a comment
in economics of education, environmentalism, Marxist economics, Thomas Sowell Tags: philosophy of science, regressive left

Cancel any of the woke who can’t pronounce mayor Pete’s name first time
24 Aug 2020 Leave a comment
in economics of media and culture, politics - USA Tags: 2020 presidential election, political correctness, regressive left
SUBMISSION ON ANTI-DISCRIMINATION AMENDMENT (RELIGIOUS FREEDOMS AND EQUALITY) BILL 2020
24 Aug 2020 Leave a comment
Freedom for Faith have posted this submission on the provisions of a Private Member’s Bill (sponsored by the Hon Mark Latham) being considered in the NSW Parliament at the moment. The Bill would plug a gap in NSW discrimination law by making religious belief or activity a prohibited ground of discrimination in NSW. The Bill is one that ought to receive serious consideration from the Parliament, and the submission (prepared for Freedom for Faith by Dr Alex Deagon, Senior Lecturer in Law at the Queensland University of Technology) should be very helpful in that process.


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