15 years of US research on the minimum wage elasticity of employment
04 Mar 2025 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, labour economics, labour supply, minimum wage, poverty and inequality
It’s time to pick up my recent thread of posts on the minimum wage (most recently in this post). I want to return for a moment to more conventional research on the minimum wage, specifically looking at the effects of higher minimum wages on employment. The majority of minimum wage research has focused on estimating…
15 years of US research on the minimum wage elasticity of employment
Alex Byrne on sex, the history of its definition, and assorted misconceptions
03 Mar 2025 Leave a comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
I guess the number of papers and articles people send me about the definition of sex is one sign that it remains an important issue for the populace. Indeed, I think that in future decades people will see the kerfuffle about a simple and widely accepted definition (the gametic one) as a tempest in a […]
Alex Byrne on sex, the history of its definition, and assorted misconceptions
More Deficient Economic Thinking
03 Mar 2025 Leave a comment
in applied price theory, industrial organisation, international economics Tags: current account, free trade, tarrifs
TweetHere’s a letter to the Wall Street Journal. Editor: Anthony deBarros and Peter Santilli report on “the countries fueling America’s $1.2 trillion goods trade deficit” (March 1). With respect, what’s the point of such a report? Eighty percent of U.S. GDP is produced by the service sector – implying that the vast majority of Americans…
More Deficient Economic Thinking
A misleading case of “trauma inherited across generations”
03 Mar 2025 Leave a comment
in defence economics, economics of education, health economics Tags: behavioural genetics
Here we have a new paper in Nature Scientific Reports, accompanied by a news piece in Science, that sends a misleading message to the public, both about “inheritance of trauma” and the effects of epigenetic changes. Both pieces are free to access; click on the first headline below to go to the news piece, and […]
A misleading case of “trauma inherited across generations”
The 2023 Merger Guidelines Will Remain: What Does That Mean?
03 Mar 2025 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation, politics - USA, survivor principle Tags: 2024 presidential election, competition law, merger law enforcement
Under current law, any US companies considering a merger or acquisition that is above $125 million in size must first report it to the government. The most recent data for 2023 says that 1,805 such transactions were reported in 2023, which was a relatively low number for recent years. In 2021 and 2022, for example,…
The 2023 Merger Guidelines Will Remain: What Does That Mean?
Ludendorff’s Window Of Opportunity I THE GREAT WAR Week 188
02 Mar 2025 Leave a comment
in defence economics, war and peace Tags: World War I
The cost of Reserve Bank regulation
02 Mar 2025 Leave a comment
in applied price theory, business cycles, economics of bureaucracy, economics of natural disasters, economics of regulation, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: monetary policy
Roger Partridge writes: A new submission to the Committee from banking experts Andrew Body and Simon Jensen provides fresh evidence of these costs. Their analysis shows the Reserve Bank’s capital rules add between 0.25 and 0.375 percentage points to mortgage rates compared with Australia. For a million-dollar mortgage, that means between $2,500 and $3,750 in […]
The cost of Reserve Bank regulation
Upcoming talk and new book on ideology and science
02 Mar 2025 Leave a comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
I have two announcements this morning: a.) First, next Monday, Mar 3 at 12:30 Chicago time (1:30 Eastern time), I am having a 1-1½-hour discussion with DIAGdemocrats (“DIAG” stands for Democrats with an Informed Approach to Gender. And their slogan is “Liberals guiding our party back to reason and reality.” It’s tailor made for me!) […]
Upcoming talk and new book on ideology and science
1700
02 Mar 2025 Leave a comment
in economic history, International law Tags: economics of borders, maps
BP Faces “Existential Crisis” After Ruinous Attempt to Go Green
02 Mar 2025 Leave a comment
in applied price theory, economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, industrial organisation, politics - USA, survivor principle Tags: 2024 presidential election, climate activists, climate alarmism, efficient markets hypothesis, greenwashing
BP’s green pivot has backfired spectacularly, hammering profits and leaving the company vulnerable to a hedge fund siege, writes Jonathan Leake in the Telegraph.
BP Faces “Existential Crisis” After Ruinous Attempt to Go Green
DON BRASH: From the internet to medicines, nothing in New Zealand is safe from Treaty mania
01 Mar 2025 Leave a comment
in economics of education, economics of regulation, industrial organisation, labour economics, liberalism, Marxist economics, occupational regulation, politics - New Zealand Tags: affirmative action, free speech, political correctness, racial discrimination, regressive left
The following is written in Don’s capacity as Hobson’s Pledge trustee. You may not have heard of InternetNZ or know exactly what they…
DON BRASH: From the internet to medicines, nothing in New Zealand is safe from Treaty mania
Forty years of floating
01 Mar 2025 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Euro crisis, global financial crisis (GFC), great recession, history of economic thought, inflation targeting, macroeconomics, monetary economics Tags: floating exchange rates
Last year there was an interesting new book out, made up of 29 collected short papers by (more or less) prominent economists given at a 2023 conference to mark Floating Exchange Rates at Fifty. The fifty years related to the transition back to generalised floating of the major developed world currencies in 1973 (think USD, […]
Forty years of floating
‘A Socialist Identity in Parliament’? The Campaign Group of Labour MPs, 1982-2015
01 Mar 2025 Leave a comment
in Marxist economics Tags: British politics
Ahead of next Tuesday’s Parliaments, Politics and People seminar, we hear from Alfie Steer of Hertford College, University of Oxford. On 11 February Alfie will discuss the Campaign Group of Labour MPs, 1982-2015. The seminar takes place on 11 February 2025, between 5:30 and 6.30 p.m. It is fully ‘hybrid’, which means you can attend either in-person […]
‘A Socialist Identity in Parliament’? The Campaign Group of Labour MPs, 1982-2015
Utopia, you are standing in it! 
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