From https://scholar.harvard.edu/files/xgabaix/files/granular_origins.pdf
Samsung and Hyundai are 35% of Korean exports; their sales are 22% of Korean GDP. Nokia represented 26% of Finnish GDP!
25 Mar 2020 Leave a comment
in business cycles, economic growth, industrial organisation, macroeconomics
How much of 20th century growth were one-off productivity gains?
25 Mar 2020 Leave a comment
in discrimination, economic growth, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice, occupational regulation, politics - USA, poverty and inequality, Public Choice
What’s Love Got to Do with It? Marriage in Late Medieval England and the Low Countries
25 Mar 2020 Leave a comment
Guest post by Anna Boeles Rowland and Chanelle Delameillieure, 14 February 2020
“More things are necessary for a household than four naked thighs.”[1] In the middle ages the household was headed by a husband and his wife and was the centre of family life and economic productivity. So, in 1486 when John Wellis of London used the above retort upon hearing that his alleged betrothed Alice Billingham had publicly declared that they were married, he was chastising Alice for suggesting that they could legitimise their romantic relationship without the necessary social status and financial stability. Alice, however, had witnesses to the fact that John had asked her to be his wife on the feast of Saint Valentine that same year, asking for her hand so that she could be his “Valentyne for ever.”[2] Like today, the medieval feast day of the Roman martyr St Valentine was a celebration…
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March 24, 1953: Death of Queen Mary. Part I.
25 Mar 2020 Leave a comment
Mary of Teck (Victoria Mary Augusta Louise Olga Pauline Claudine Agnes; May 26, 1867 – March 24, 1953) was queen consort of the United Kingdom and the British Dominions and Empress consort of India as the wife of King George V.
Princess Victoria Mary (“May”) of Teck was born on May 26, 1867 at Kensington Palace, London, in the same room where Queen Victoria, her first cousin once removed, had been born 48 years earlier. Queen Victoria came to visit the baby, writing that she was “a very fine one, with pretty little features and a quantity of hair”. May would become the first British queen consort born in Britain since Catherine Parr.
Duke and Duchess of Teck with Princess Victoria Mary
Her father was Prince Francis, Duke of Teck, the son of Duke Alexander of Württemberg by his morganatic wife, Countess Claudine Rhédey von Kis-Rhéde (created Countess von Hohenstein…
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Endangered species bear the costs of bad incentives
25 Mar 2020 Leave a comment
The Endangered Species Act imposes significant regulatory burdens on anyone who owns land where endangered and threatened species or their habitats are found. The predictable result of such burdens is to discouragelandowners from accommodating rare species or maintaining habitat. A recent study confirms this prediction, finding that species already threatened with habitat loss have lost an additional 8.1% of their private-land habitat over the last 30 years.
Previously, this effect had been shown for individual species. For instance, a 2003 study by Dean Lueck and Jeffery A. Michael found that landowners accelerated timber harvesting in areas occupied by the red-cockaded woodpecker. To protect individual birds and habitat, the federal government limits timber harvesting in areas occupied by the species. However, red-cockaded woodpeckers prefer old-growth pine forests. Landowners who harvest their trees early can avoid creating these conditions and, therefore, avoid the federal regulations that accompany the bird’s presence. The…
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Stephen Tierney and Jeff King: The Coronavirus Bill
25 Mar 2020 Leave a comment
Today the House of Lords Constitution Committee reports to the House on the Coronavirus Bill. This is an emergency measure introduced in the Commons last Thursday. It passed through its Commons stages on Monday and came to the Lords today with a view to its enactment tomorrow.
The context of a global pandemic, now being felt in every household in the United Kingdom, creates a paradox for constitutionalists. On the one hand, the UK and devolved governments must be empowered quickly with the tools they need to protect public safety; on the other, hasty law-making can lead to confusing or ineffective law, and, more consequentially, the undermining of individual liberties. It is with this balance in mind that the Committee addresses the Bill.
The Bill is complex and lengthy, containing 87 clauses and 27 schedules. It has significant potential constitutional and civil liberties implications in relation to powers of…
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Robert Lucas defines a DSGE model
25 Mar 2020 Leave a comment
in business cycles, econometerics, macroeconomics, Robert E. Lucas
Are hearing eviction proceedings in the business continuity plans of courts for #COVID19 lockdown? Landlords won’t evict otherwise good tenants who miss 2 payments?
25 Mar 2020 Leave a comment
in economics of regulation, law and economics, politics - Australia, property rights
The gender gap in shallowness
25 Mar 2020 Leave a comment
in economics of love and marriage, gender Tags: dating market
#plasticbagfascism @mfe_news @NZGreens @Greenpeace @eugeniesage
25 Mar 2020 Leave a comment
in economics of regulation, environmental economics, politics - New Zealand Tags: offsetting behaviour, recycling, The fatal conceit, unintended consequences
The Evolutionary Genetics of Honor killings
25 Mar 2020 Leave a comment
in economics of crime, law and economics Tags: evolutionary psychology
Edward Prescott on the #GFC
24 Mar 2020 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, fiscal policy, global financial crisis (GFC), great recession, labour economics, labour supply, macroeconomics, public economics Tags: real business cycle theory, taxation and entrepreneurship, taxation and investment, taxation and labour supply
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