There is a new and optimistic paper by Lukas Althoff and Hugo Reichardt: Artificial intelligence is changing which tasks workers do and how they do them. Predicting its labor market consequences requires understanding how technical change affects workers’ productivity across tasks, how workers adapt by changing occupations and acquiring new skills, and how wages adjust…
AI, labor markets, and wages
AI, labor markets, and wages
18 Jan 2026 Leave a comment
in labour economics, industrial organisation, macroeconomics, economic growth, econometerics, applied price theory, labour supply, poverty and inequality Tags: creative destruction, pessimist bias
‘Market Power in Antitrust Cases,’ by William M. Landes and Richard A. Posner
17 Jan 2026 Leave a comment
in applied price theory, economics of regulation, history of economic thought, industrial organisation, law and economics, politics - USA, Richard Posner Tags: competition law
William M. Landes and Richard A. Posner’s 1981 Harvard Law Review article “Market Power in Antitrust Cases” is a true classic. Showing the value of interdisciplinary work within the law & economics tradition, it brought real clarity to what “market power” means and how courts should assess it—cutting through vague labels like “monopoly power” and…
‘Market Power in Antitrust Cases,’ by William M. Landes and Richard A. Posner
Yellen on Fiscal Dominance
17 Jan 2026 Leave a comment
in budget deficits, financial economics, fiscal policy, macroeconomics, monetary economics
“Fiscal dominance” refers to a situation where government debt grows so large that the nation’s central bank feels that it has little choice except to focus on making sure the government does not default–even if it means a surge of inflation. Janet Yellen described the issue and risks of fiscal dominance concisely in her comments…
Yellen on Fiscal Dominance
The Guardian defends a moral monster
16 Jan 2026 Leave a comment
in defence economics, economics of crime, economics of media and culture, International law, law and economics, laws of war, war and peace Tags: Gaza Strip, Israel, media bias, Middle-East politics, regressive left, war against terror
When we say that the Guardian is institutionally antisemitic, we mean, in party, that they’re willing to defend, or publish sympathetic coverage of, almost… The post The Guardian defends a moral monster appeared first on CAMERA UK.
The Guardian defends a moral monster
Silence on Iran’s murder of its own people: more hypocrisy from anti-Israel protesters
16 Jan 2026 Leave a comment
in economics of crime, International law, law and economics Tags: Iran, Israel, media bias, Middle-East politics, regressive left
It is reported that Iran has massacred 12,000 pro-freedom protesters in less than a fortnight: https://www.yahoo.com/news/articles/least-12-000-possibly-20-185320083.html Where is everyone who has been protesting Israel’s actions weekly over the past two years? The Palestine Solidarity Network Aotearoa accused Israel of genocide three days after the Iranian-funded massacre of Israeli civilians on October 7, before Israel had…
Silence on Iran’s murder of its own people: more hypocrisy from anti-Israel protesters
The black market crisis in tobacco
16 Jan 2026 Leave a comment
in economics of crime, economics of regulation, health economics, law and economics, politics - New Zealand Tags: economics of smoking
A comprehensive article in the SST about the rise in black market tobacco sales in NZ. Some extracts: This is again a reminder that prohibition doesn’t work, and neither does trying to tax something so much to prohibit it.
The black market crisis in tobacco
Spot on
15 Jan 2026 Leave a comment
in liberalism, Marxist economics, Rawls and Nozick, Thomas Sowell
Guest Post: No, the Supreme Court Didn’t Hand Climate Activists a Victory. It was an own goal.
15 Jan 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - New Zealand, property rights Tags: climate activists
A guest post by Sean Rush: If you’ve read the headlines about Climate Clinic Aotearoa v Minister of Energy, you might believe a group of law students marched into the Supreme Court and reshaped New Zealand’s climate policy. The popular narrative suggests a solid victory to the students, with reports that the students created new law,…
Guest Post: No, the Supreme Court Didn’t Hand Climate Activists a Victory. It was an own goal.
The Post ranks the MPs
15 Jan 2026 Leave a comment
The Post has ranked Ministers and senior opposition MPs. This is their ratings, not mine. Agree with some, disagree with others. I thought the ranking for Willow-Jean Prime was a bit generous. The post The Post ranks the MPs first appeared on Kiwiblog.
The Post ranks the MPs
Western Leftists and Islamic States
14 Jan 2026 Leave a comment
in economics of education, economics of media and culture, economics of religion, liberalism, Marxist economics, politics - Australia, politics - New Zealand, politics - USA, war and peace Tags: regressive left
Western leftists do criticise Islamic states at times—but they rarely prioritise opposing them, and often treat them with conspicuous restraint. That asymmetry is not accidental. It follows from the same ideological lenses that drive anti-Zionism. Here are the main reasons. 1. Anti-imperialism outweighs liberal values For much of the Western Left, opposition to Western power is the overriding moral […]
Western Leftists and Islamic States
In His Quest for Easy-Money Policy, Trump Launches Lawfare Against the Federal Reserve
14 Jan 2026 Leave a comment
in inflation targeting, macroeconomics, monetary economics, politics - USA Tags: monetary policy
When he first ran for President, I observed that Trump was a big-government Republican. This doesn’t mean he’s part of the moderate GOP establishment, like Bush and Romney. But it does mean that there is considerable overlap in terms of supporting bad policy, as indicated by my last two columns. Yesterday, I wrote about his […]
In His Quest for Easy-Money Policy, Trump Launches Lawfare Against the Federal Reserve
Quotation of the Day…
14 Jan 2026 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, property rights, Public Choice, rentseeking, Thomas Sowell, urban economics Tags: housing affordability, land supply
Tweet… is from page 152 of Thomas Sowell’s Compassion Versus Guilt, a 1987 collection of some of his popular essays; specifically, it’s from Sowell’s June 14th, 1985, column titled “Chances versus Guarantees”: People who bought homes in a quiet little town often become resentful when other people begin moving in, expanding and changing the community.…
Quotation of the Day…
Britain at risk of electricity rationing before general election
13 Jan 2026 Leave a comment
in energy economics Tags: British politics
Britain risks electricity rationing by the next general election unless its fleet of ageing gas-fired power stations is urgently upgraded, a new report has warned.
Britain at risk of electricity rationing before general election
The ICE Elephant: Why the Law Requires All the Facts
13 Jan 2026 Leave a comment
in economics of crime, law and economics, politics - USA
Below is my column in The Hill on the refusal of many to consider all of the facts in the…
The ICE Elephant: Why the Law Requires All the Facts
Carding the Internet Still Isn’t Constitutional
13 Jan 2026 Leave a comment
in economics of media and culture, economics of regulation, politics - USA
After the U.S. Supreme Court decided Free Speech Coalition v. Paxton last year, I wrote that the “broader war over age verification and parental consent online isn’t over.” As we head into 2026, that prediction looks right. The fight has shifted. Lawmakers have moved their focus from social-media platforms to app stores. But the basic…
Carding the Internet Still Isn’t Constitutional
Utopia, you are standing in it! 
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