Vaping Update: Policy Versus Reality
03 Dec 2019 Leave a comment
in economics of regulation, health economics Tags: economics of smoking
Madrid
03 Dec 2019 Leave a comment
by Judith Curry
The UN Climate Change Conference this week in Madrid provides an important opportunity to reflect on state of the public debate surrounding climate change.
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David Friedman | Feud as Law (17. 4. 2018)
03 Dec 2019 Leave a comment
in comparative institutional analysis, constitutional political economy, David Friedman, economics of crime, law and economics, property rights
The German Plan to Destroy French Culture – The Occupation of France – WW2 – 066 – November 30, 1940
02 Dec 2019 Leave a comment
in defence economics, war and peace Tags: World War II
Graeber Against Economics
02 Dec 2019 Leave a comment
How do banks that solicit deposits from pesky customers, all demand cheques services, ATMs, and bank branches survive in competition with banks who can just print money and loan it out at a profit?
David Graeber’s vitriolic essay “Against Economics” in the New York Review of Books has generated responses from Noah Smith and Scott Sumner among others. I don’t disagree with much that Noah or Scott have to say, but I want to dig a little deeper than they did into some of Graeber’s arguments, because even though I think he is badly misinformed on many if not most of the subjects he writes about, I actually have some sympathy for his dissatisfaction with the current state of economics. Graeber wastes no time on pleasantries.
There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist.
A serious polemicist should avoid blatant mischaracterizations, exaggerations and cheap shots, and should be well-grounded in…
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Did Nordhaus ignore runaway #globalwarming?
02 Dec 2019 Leave a comment
in applied welfare economics, energy economics, environmental economics, global warming
Friedman (1951) thought the union wage premium was overstated because it can’t be as big as doctors’ extract from occupational licensing
02 Dec 2019 Leave a comment
in applied price theory, econometerics, economics of regulation, labour economics, labour supply, Milton Friedman, occupational choice, occupational regulation, Public Choice, rentseeking, unions Tags: barriers to entry, occupational licensing, union power, union wage premium
Did @MasseyUni buckle to Chinese embassy pressure to take down Hong Kong protest posters?
02 Dec 2019 Leave a comment
Steven Pinker: Are guns to blame for America’s homicide rate?
02 Dec 2019 Leave a comment
in economics of crime, law and economics, politics - USA Tags: crime and punishment, gun control
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