With both the annual and quarterly national accounts data having come out recently it is time for a quick update of some old charts. First, labour productivity (real GDP per hour worked). This chart is from the period since just prior to Covid, and for both New Zealand and Australia If you want some slight consolation, […]
This is true “wow” moment to start the new Gregorian year. The Israeli Supreme Court has ruled, on an 8-7 vote, to strike down the first installment of the government’s controversial judicial overhaul. In what now seems like ages ago, but was only July, the Knesset had passed an amendment to the Basic Law: Judiciary […]
It’s likely that most or all of today’s posts will be about the antisemitism in America and the world, a form of hatred revealed and exacerbated by the war between Israel and Hamas. There are no other worthy items to post about, so if you’re tired of the war, or of discussions about Jews, just […]
Tweet… is from my emeritus Nobel-laureate colleague Vernon Smith‘s splendid speech “Human Betterment Through Globalization,” delivered in September 2005 at the Irvington-on-Hudson then-headquarters of the Foundation for Economic Education: The challenge is that we all function simultaneously in two overlapping worlds of exchange. First, we live in a world of personal, social exchange based on…
Written by me, here is a passage from GOAT: Who is the Greatest Economist of All Time, and Why Should We Care? A System of Logic covers many different topics, but for our purposes the most important discussion is Mill’s treatment “Of the Four Methods of Experimental Inquiry,” sometimes called “Mill’s Methods” and indeed receiving […]
The world is full of problems, which people are often very aware of. But most people have no idea about the many improvements we have visualized, and therefore they lose hope for the future and think the world is doomed.https://t.co/fOzOsDv5qUpic.twitter.com/Hyk3jqHpUM
I guess today’s theme is bigotry. I had no idea that Frank Sinatra was an outspoken opponent of bigotry, particularly anti-Semitism. In fact, there’s a Wikipedia article called “Frank Sinatra and Jewish activism“. Here’s an excerpt: Frank Sinatra was a strong supporter and activist for Jewish causes in the United States and Israel. According to Santopietro, Sinatra was a […]
By Paul Homewood h/t Dennis Ambler This is in the latest edition of World Coal While growth in coal production slows gradually across the globe, India is setting itself apart from other countries, with its ambitions to aggressively increase its output.
Robert Solow (1924-2023) died last week. As a starting point for understanding his life and his work on growth theory, the Nobel prize website, since he won the award in 1987, includes an overall description, a biographical essay, and his Nobel lecture. I can also strongly recommend an interview that Steven Levitt carried out with…
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
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