We Keep Finding Fossils in VERY Weird Places…
13 Jan 2023 Leave a comment
in economic history, economics of education, economics of media and culture
3. Applications of Monopoly Theory | Peter G. Klein
13 Jan 2023 Leave a comment
in applied price theory, Austrian economics, history of economic thought, industrial organisation
*Don’t Be a Feminist*: Highlights
12 Jan 2023 Leave a comment
in applied price theory, discrimination, economic history, economics of crime, economics of education, gender, health and safety, human capital, labour economics, labour supply, law and economics, minimum wage, occupational choice, occupational regulation, poverty and inequality Tags: gender wage gap
The title essay of Don’t Be a Feminist: Essays on Genuine Justice is called “Don’t Be a Feminist: A Letter to My Daughter.” While the book is a thematic selection of my best EconLog essays from 2005-2022, the first piece is entirely new. 871 more words
*Don’t Be a Feminist*: Highlights
Planned Failure: Wind Power Obsession Leaves Britain’s Power Supply On Brink Of Collapse
12 Jan 2023 Leave a comment
You know policymakers have lost the plot when they start waxing lyrical about battery storage and ‘green’ hydrogen; neither of which exist at any scale; neither of which are even vaguely economic, even with massive taxpayer-funded subsidies to prop them up.
English dictionary doyen, Samuel Johnson reckoned that patriotism is the last refuge of scoundrels, which might have been the case in 1775, but these days it’s waffle about storing wind and solar generated electricity at grid-scale, to account for total and totally predictable collapses in their daily output; aka sunset and calm weather.
While the scoundrel of today helps propagate the lie that the only thing standing between us and an all-wind and sun-powered future is a few giant Teslas, the reality back on Earth is altogether different, as this report from GB News testifies.
‘We are on the brink of disaster’ – Net Zero Watch says power from…
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The Decline of Working Hours, in the Long Run and Recently
12 Jan 2023 Leave a comment
If you look at the long-run trends in labor markets, one of the most obvious changes is the decline in working hours. The chart from Our World in Data shows the long-run trend for some countries going back to 1870.
Hours of work declined in the US by 43% since 1870. In some countries like Germany, they fell a lot more (59%). But the decline was substantial across the board. One thing to notice in the chart above is that for the very recent years, the US is somewhat of an outlier in two ways. First, there hasn’t been much further decline after about the mid-20th century. Second, average hours of work in the US are quite a bit higher than many of developed countries (though similar to Australia).
But the labor market in the US (and in other countries) is in a very unusual spot at the present moment…
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Cheers for Powell
12 Jan 2023 Leave a comment
in energy economics, environmental economics, global warming, macroeconomics, monetary economics Tags: climate alarmism, monetary policy
Jay Powell’s Stockholm speech lays it out with Gettysburg address clarity and brevity. Relative to usual central-bankerese it’s soaring rhetoric too. …Decisions about policies to directly address climate change should be made by the elected branches of government and thus reflect the public’s will as expressed through elections…. without explicit congressional legislation, it would be inappropriate…
Cheers for Powell
EV Refuse Trucks Grounded Through Lack Of Chargers!
11 Jan 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: electric cars
By Paul Homewood h/t Ian Magness More problems in Eco-Land: £6.5 million for 25 lorries works out at £260,000 a piece, which sounds extraordinarily expensive for what appears to nothing bigger than a Transit truck. I have no idea what a proper truck would cost, maybe somebody else does.
EV Refuse Trucks Grounded Through Lack Of Chargers!
Ever Reliable: Nuclear & Coal-Fired Power Provide Germany’s Only Energy Salvation
11 Jan 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmists
Seems like only yesterday that Germany’s grand wind and solar transition was the talk of the town. Dubbed the “Energiewende”, it was meant to spell an inevitable end to nuclear and coal-fired power, which would soon be replaced by nothing other than forests of wind turbines and seas of solar panels. Well, that was what […]
Ever Reliable: Nuclear & Coal-Fired Power Provide Germany’s Only Energy Salvation
Harvard professor argues for rationality | Steven Pinker
11 Jan 2023 Leave a comment
in economic history, economics of education Tags: conjecture and refutation, philosophy of science, The Great Enrichment
UCLA Economics Department | Harold Demsetz Conference
11 Jan 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of information, economics of regulation, history of economic thought, industrial organisation, theory of the firm
2. Austrian Theories of Monopoly | Peter G. Klein
11 Jan 2023 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, economic history, entrepreneurship, history of economic thought, industrial organisation
Utopia, you are standing in it! 
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