24 Apr 2025
by Jim Rose
in budget deficits, business cycles, econometerics, economic history, fiscal policy, macroeconomics
Jon Hartley serves as interlocutor in “Revisiting Empirical Macroeconomics with Robert Barro” (Hoover Institution, Capitalism and Freedom Podcast, March 25, 2025, audio and transcript available). Here are a few of the comments from Barro that especially caught my eye. One basic question in economics is about “the multiplier”–that is, how much will an increase in…
Interview with Robert Barro: Empirical Macroeconomics
24 Apr 2025
by Jim Rose
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, history of economic thought, industrial organisation, labour economics, labour supply, politics - USA, unemployment
Tags: 2024 presidential election, free trade, tariffs, unintended consequences
This short note shows that accounting for capital adjustment is critical when analyzing the long-run effects of trade wars on real wages and consumption. The reason is that trade wars increase the relative price between investment goods and labor by taxing imported investment goods and their inputs. This price shift depresses capital demand, shrinks the […]
Long-Run Effects of Trade Wars
23 Apr 2025
by Jim Rose
in discrimination, economics of crime, economics of education, gender, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, sports economics
Tags: sex discrimination
Ele Ludemann writes – New Zealand First has introduced a Member’s Bill to define the biological definition of man and woman in law. . . . “This is not about being anti-anyone or anti-anything. This is about ensuring we as a country focus on the facts of biology and protect the term ‘woman’ in law”, says New Zealand First Leader […]
Where Britain has gone
23 Apr 2025
by Jim Rose
in discrimination, economics of bureaucracy, gender, health economics, law and economics, liberalism, Marxist economics, politics - New Zealand, Public Choice
Tags: free speech, political correctness, regressive left, sex discrimination
Radio NZ reports: The coalition has directed Health New Zealand to say “women” instead of “pregnant people” in its communications about health issues. Associate Health Minister Casey Costello wrote to interim chief executive Dr Dale Bramley on 27 March, telling the agency to use “clear language”. “Recent documents that have reached my office from the […]
It shouldn’t take a Minister for common sense to prevail
22 Apr 2025
by Jim Rose
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, history of economic thought, industrial organisation, international economic law, international economics, labour economics, politics - USA, unemployment
Tags: 2024 presidential election, free trade, tariffs
This occurred in Knoxville, you can watch it here. Lots of fun, and p.s. I am more of a free trader than he is. We did have some disagreements.
My debate with Dani Rodrik about tariffs and free trade
22 Apr 2025
by Jim Rose
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, industrial organisation, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, survivor principle
Tags: California, climate activists, regressive left
California’s refining capacity is collapsing—not because demand has disappeared, but because it is being deliberately dismantled by regulatory fiat. The recent announcement that Valero Energy will idle or shutter its Benicia refinery by 2026 isn’t just a business decision. It’s the calculated result of a hostile policy environment designed to punish traditional energy producers until they either leave the state or fall into government hands.
From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?
21 Apr 2025
by Jim Rose
in discrimination, economics of education, gender, law and economics, liberalism, Marxist economics, politics - New Zealand
Tags: free speech. academic bias, political correctness, regressive left, sex discrimination
Graham Adams writes – As Auckland University continues down the path of transforming itself into a seminary for Māori nationalists and others with “progressive left” views, it is perhaps inevitable that it would try to force fashionable views about sex onto academic staff members. Unfortunately, it made a tactical error by trying to bully Elizabeth […]
University backs down in sex-gender debate
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