07 Nov 2023
by Jim Rose
in applied price theory
No sooner had I closed off the previous entry by noting that “the specific rules of any country’s semi-presidential system matter less when the election has actually resulted in an assembly majority,” than I read that President Andrzej Duda of Poland has initiated the process of government formation. He has done so by nominating a […]
Poland: Steps on the way to cohabitation
07 Nov 2023
by Jim Rose
in applied price theory
Chris Trotter writes – “CONSEQUENCES” – it’s a word that acquires an ominous quality in the mouths of political radicals, as in: “Freedom of speech does not mean freedom from its consequences.” Or, as Te Pāti Māori’s Debbie Ngarewa Packer expressed it, when asked what would happen if the Act Party secured its referendum on […]
CHRIS TROTTER: Threatening “consequences”
07 Nov 2023
by Jim Rose
in applied price theory, economics of bureaucracy, economics of crime, Gary Becker, labour economics, law and economics, occupational choice, Public Choice
Tags: crime and punishment, criminal deterrence, law and order
A new paper, The Injustice of Under-Policing, makes a point that I have been emphasizing for many years, namely, relative to other developed countries the United States is under-policed and over-imprisoned. …the American criminal legal system is characterized by an exceptional kind of under-policing, and a heavy reliance on long prison sentences, compared to other […]
Still under-policed and over-imprisoned
06 Nov 2023
by Jim Rose
in business cycles, economic history, fiscal policy, great depression, history of economic thought, labour economics, macroeconomics, monetary economics, unemployment
One of my goals when launching this blog in 2011 was to revive interest in the important, but unfortunately neglected and largely forgotten, contributions to monetary and macroeconomic theory of Ralph Hawtrey. Two important books published within the last year have focused attention on Ralph Hawtrey: The Federal Reserve: A New History by Robert Hetzel, […]
Ralph Hawtrey, Part 1: An Overview of his Career
Previous Older Entries Next Newer Entries
Recent Comments