That is the theme of a new Substack by Pieter Garicano, here is one excerpt: These answers, according to a recent paper by Olivier Coste and Yann Coatanlem, two French investors, miss the point: the reason more capital doesn’t flow towards high-leverage ideas in Europe is because the price of failure is too high. Coste estimates that, […]
Why are no trillion dollar companies being created in Europe?
Why are no trillion dollar companies being created in Europe?
07 Dec 2024 1 Comment
in applied price theory, comparative institutional analysis, economics of regulation, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice, poverty and inequality Tags: employment law
Why are no trillion dollar companies being created in Europe?
07 Dec 2024 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, industrial organisation, labour economics, law and economics, property rights
That is the theme of a new Substack by Pieter Garicano, here is one excerpt: These answers, according to a recent paper by Olivier Coste and Yann Coatanlem, two French investors, miss the point: the reason more capital doesn’t flow towards high-leverage ideas in Europe is because the price of failure is too high. Coste estimates that, […]
Why are no trillion dollar companies being created in Europe?
You Have Been Warned
07 Dec 2024 Leave a comment
in health economics Tags: economics of pandemics
New paper in Science, A single mutation in bovine influenza H5N1 hemagglutinin switches specificity to human receptors. If that isn’t clear enough, here is the editor’s summary: In 2021, a highly pathogenic influenza H5N1 clade 2.3.4.4b virus was detected in North America that is capable of infecting a diversity of avian species, marine mammals, and […]
You Have Been Warned
The Naughty List: Former Obama Aides and Liberal Influencers Sell Antifa Line of Holiday Gifts
07 Dec 2024 Leave a comment
in economics of crime, law and economics, Marxist economics, politics - USA Tags: crime and punishment, law and order
It appears no liberal Christmas is complete without the ultimate stocking stuffer: an actual stocking to wear over your face while rioting. While not yet selling face coverings for anonymous violence, Crooked Media, co-founded by former Obama staffers Jon Favreau, Jon Lovett, and Tommy Vietor, is reportedly selling a line of Antifa items for liberals […]
The Naughty List: Former Obama Aides and Liberal Influencers Sell Antifa Line of Holiday Gifts
Take Two Puberty Blockers and Call Me in the Morning? Justice Sotomayor Under Fire For Aspirin Analogy in Oral Argument
06 Dec 2024 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left, sex discrimination
Supreme Court Justice Sonia Sotomayor is under fire today for seemingly dismissing medical concerns over the risks of puberty blockers and gender surgeries for minors with a comparison to taking Aspirin. In the oral arguments in United States v. Skrmetti, Sotomayor pointed out that there are risks to any medical procedure or drug. However, the […]
Take Two Puberty Blockers and Call Me in the Morning? Justice Sotomayor Under Fire For Aspirin Analogy in Oral Argument
Wind and Solar Can’t Support the Grid
06 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - Australia Tags: solar power, wind power
by Planning Engineer (Russ Schussler) In October of 2025, the isolated small city of Broken Hill in New South Wales, Australia with a 36 MW load (including the large nearby mines) could not be reliably served by 200 MW of wind, a 53 MW solar array, significant residential solar, and a large 50 MW battery […]
Wind and Solar Can’t Support the Grid
Climate Lawfare Goes International
06 Dec 2024 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, property rights Tags: lawfare
DW reports on hearings underway at ICJ International Court of Justice in the Hague. Overview of the proceedings in italics with my bolds. Vanuatu urges ICJ to recognise climate change harms The outcome of the landmark case could lead to the establishment of legal framework for holding countries accountable in the fight against climate change. […]
Climate Lawfare Goes International
The Kiwirail black hole
06 Dec 2024 Leave a comment
in applied price theory, economics of bureaucracy, financial economics, industrial organisation, law and economics, politics - New Zealand, Public Choice, survivor principle
Bronwyn Howell writes: KiwiRail is a state-owned enterprise, and so by law its principal objective is “to operate as a successful business”.1 Success in the business world means that you provide something that your customers are willing to pay for, at a price for that exceeds your cost of production, leaving something to reward your owners/investors…
The Kiwirail black hole
Royal Covid Commission report says “NZ’s vaccination rollout was slightly slower to get started than in some other countries”. And Pigs Fly.
06 Dec 2024 Leave a comment
in health economics, politics - New Zealand Tags: economics of pandemics
The Australian Commonwealth Government COVID-19 Response Inquiry slammed that country’s late “stroll-out” of the vaccine. It meant politicians viewed lock-downs as their only tool of control. According to the Sydney Morning Herald some of “the Inquiry’s most specific criticism was around the delayed vaccine rollout ahead of the Omicron variant which swept through country at…
Royal Covid Commission report says “NZ’s vaccination rollout was slightly slower to get started than in some other countries”. And Pigs Fly.
Snobbery
06 Dec 2024 Leave a comment
in health economics, politics - New Zealand Tags: nanny state
Stuff reports: Moral and health-related objections to fast food should not be considered in a hearing for a proposed Wānaka McDonald’s, the company claims. Neither was the perception of McDonald’s as a large corporate that should not be allowed to exist, legal representative Jeremy Brabant said at the resource consent hearing which opened on Monday.…
Snobbery
Cost of switching off UK wind farms soars to ‘absurd’ £1bn
05 Dec 2024 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, wind power
By Paul Homewood h/t Paul Kolk British bill payers have spent an “absurd” £1bn to temporarily switch off wind turbines so far this year as the grid struggles to cope with their power. The amount of wind power “curtailed” in the first 11 months of 2024 stood at about 6.6 terawatt hours (TWh), […]
Cost of switching off UK wind farms soars to ‘absurd’ £1bn
What is the price of production at nighttime?
05 Dec 2024 Leave a comment
in economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, global warming, Public Choice, rentseeking Tags: solar power
Are protection orders worth anything?
05 Dec 2024 Leave a comment
in discrimination, economics of crime, gender, law and economics, politics - New Zealand Tags: crime and punishment, criminal deterrence, law and order
The Spinoff has an article by Zeni Gibson which details eight years of harassment by a man called Greg. Her suffering has been appalling, and hey tormenter has made a mockery of the law that should be protecting her. I can’t even summarise all the multiple failings, but it sadly doesn’t surprise me. There have…
Are protection orders worth anything?
Andrew Le Sueur: Finally, separation of powers in Jersey?
05 Dec 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, economics of crime, law and economics, property rights, Public Choice, public economics Tags: British politics, constitutional law
The question of separating constitutional powers in Jersey is more complex than it appears. Here’s why. Jersey and Guernsey are unique globally in having constitutions that in the ancient office of Bailiff fuse together the roles of chief justice and presiding officer of their respective courts and parliaments. As I argue, this is further complicated […]
Andrew Le Sueur: Finally, separation of powers in Jersey?
Misuse of land use planning
05 Dec 2024 Leave a comment
in economics of bureaucracy, economics of regulation, health economics, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: nanny state, zoning
If you thought McDonald’s was some kind of public health hazard, using processes under the Resource Management Act to try to block one from opening in Wanaka would be among the stupidest possible ways of dealing with it. The country already has food safety regulations. If you thought that (in fact delicious and fine) McDonald’s food…
Misuse of land use planning
Utopia, you are standing in it! 
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