Judd on Tikanga
18 Oct 2024 Leave a comment
in discrimination, economic history, economics of bureaucracy, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Guest Post: KiwiSaver – is it ‘working’?
17 Oct 2024 Leave a comment
in labour economics, labour supply, politics - New Zealand
A guest post by Michael Littlewood: So, John Horner of the Financial Markets Authority thinks that KiwiSaver’s reaching $100 bn “…is something to celebrate; for a relatively small country like New Zealand, it represents a coming of age of KiwiSaver.” (FMA 24 September 2024 here). Others in the financial services industry praise KiwiSaver while some call for […]
Guest Post: KiwiSaver – is it ‘working’?
Incentives matter, the demand curve slopes downward, mental health edition
17 Oct 2024 Leave a comment
in applied price theory, economic history, health economics
Since 2000, pharmaceuticals for common psychiatric conditions aged out of patent protection. After generic entry, supply increases as more sellers enter the market, leading to lower prices – about 80-85% less! Cheaper prescriptions and more treatment are the stated goal of policies to improve affordability. …Drug prices definitely fell during this period. For the SSRI sertraline, consumer cost per month dropped from ~35 dollars in […]
Incentives matter, the demand curve slopes downward, mental health edition
Who makes the law? New report challenges Supreme Court’s expanding role
17 Oct 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand, property rights Tags: constitutional law
News from the New Zealand Initiative – A new report from The New Zealand Initiative warns of a looming constitutional crisis in New Zealand, as the Supreme Court increasingly oversteps its bounds, threatening the balance of power between the courts and Parliament. The report, “Who Makes the Law? Reining in the Supreme Court,” authored by […]
Who makes the law? New report challenges Supreme Court’s expanding role
Liz Cheney Under Fire for Allegedly Improper Contacts with Cassidy Hutchinson
16 Oct 2024 Leave a comment
in economics of bureaucracy, economics of crime, law and economics, politics - USA, Public Choice Tags: 2020 presidential election, 2024 presidential election
Former J6 Committee Co-Chair and Rep. Liz Cheney has long been criticized for her role in creating a one-sided and at times erroneous record of what occurred on January 6th. That includes editing out Trump’s call for supporters to protest “peacefully,” burying evidence on Trump’s offer to supply National Guard support for that day, and […]
Liz Cheney Under Fire for Allegedly Improper Contacts with Cassidy Hutchinson
UK Labour in real trouble
16 Oct 2024 Leave a comment
in politics, Public Choice Tags: British politics
It was only a few months ago UK Labour won in a landslide (helped by FPP). The next election is many years away, but they have a problem that their brand has turned negative so quickly, that it could be hard to change in future. The latest More in Common poll has the following:
UK Labour in real trouble
Reflections on India
16 Oct 2024 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, history of economic thought, income redistribution, law and economics, macroeconomics, Marxist economics, property rights, Public Choice, public economics, regulation, rentseeking Tags: economics of colonialism, India
I’m back from my first trip to India, where I visited Mumbai, Delhi, Agra, and Amritsar. I enjoyed fine company in all four cities. In Mumbai, my new friend Sachin Aggarwal, head of the local EconTalk Club, rolled out the red carpet — and ACX Mumbai joined the festivities. (Thank you, Scott Alexander, for creating…
Reflections on India
Liberals are Losing their Minds over Elon Musk
16 Oct 2024 Leave a comment
in law and economics, liberalism, Marxist economics, politics - USA Tags: Age of Enlightenment, free speech, political correctness, regressive left
Below is my column in The Hill on the Musk mania now sweeping over the media with pundits and politicians unleashing unhinged attacks on the billionaire. In an Age of Rage, Musk is now eclipsing Donald Trump as Public Enemy No. 1. It began with his stance against censorship. Here is the column:
Liberals are Losing their Minds over Elon Musk
Gervais gets it right
16 Oct 2024 Leave a comment
in liberalism, politics - Australia, politics - New Zealand, politics - USA Tags: Age of Enlightenment, free speech, political correctness, regressive left
Acemoglu, Johnson and Robinson Win Nobel Prize for Institutions and Prosperity
15 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, history of economic thought, income redistribution, macroeconomics, Public Choice, public economics, rentseeking
The Nobel prize goes to Daron Acemoglu, Simon Johnson and James Robinson for their work on institutions, prosperity, and economic growth. Here is a key piece summarizing their work: Institutions as a Fundamental Cause of Long-Run Growth. This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of […]
Acemoglu, Johnson and Robinson Win Nobel Prize for Institutions and Prosperity
A Nobel for Acemoglu, Johnson, and Robinson: Institutions and Prosperity
15 Oct 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, growth miracles, history of economic thought
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 has been awarded to Daron Acemoglu, Simon Johnson and James Robinson “for studies of how institutions are formed and affect prosperity.” Each year, the Nobel Committee helpfully publishes both a “Popular information” overview of of the award and a “Scientific Background” essay that goes into greater depth.…
A Nobel for Acemoglu, Johnson, and Robinson: Institutions and Prosperity
Utopia, you are standing in it! 
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