Why 7% of Montreal is Moving Today
02 Jul 2021 Leave a comment
in economic history, economics of regulation, law and economics, property rights
Ronald Coase on JS Mill’s false doctrine of “natural monopoly”
02 Jul 2021 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, history of economic thought, industrial organisation, law and economics, Public Choice, Richard Epstein, Ronald Coase, survivor principle
Cities and Economic Growth with Edward Glaeser — UC San Diego Economics Roundtable
02 Jul 2021 Leave a comment
in Alfred Marshall, applied price theory, applied welfare economics, economic growth, economic history, economics of bureaucracy, environmental economics, history of economic thought, industrial organisation, labour economics, labour supply, macroeconomics, property rights, Public Choice, public economics, transport economics, urban economics
The Wild Weasels – When Electronic Warfare Became Real
02 Jul 2021 Leave a comment
in defence economics, war and peace Tags: Vietnam war
David Card on immigration
01 Jul 2021 Leave a comment
in applied price theory, applied welfare economics, econometerics, economic history, human capital, labour economics, labour supply, unemployment Tags: economics of immigration
“Immigration Policy: Economics and Evidence”
01 Jul 2021 Leave a comment
That was the title of the presentation at yesterday’s lunchtime seminar hosted by Motu, the economics consultancy/research group. Motu has started up this series of public policy seminars – a laudable initiative, even if the costs mostly seem to be being met a group of sponsoring government agencies. The first such session was a month ago on minimum wages – I never got round to writing about it, but the summary is probably “not as useful or as damaging as is often claimed”. Perhaps it is going to be a theme, since a one line summary of yesterday’s immigration session could be quite similar.
A session on immigration policy is obviously timely, given that the government says it is cooking up changes to various aspects of policy (for which, despite a speech from the minister, there is still no supporting analysis or any details), and in view of the inquiry…
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How the Navajo Nation Works (A Country Within a Country?)
01 Jul 2021 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, discrimination, economic history, economics of bureaucracy, growth disasters, labour economics, law and economics, politics - USA, population economics, poverty and inequality, property rights, Public Choice
Why it’s right to wind down furlough
01 Jul 2021 Leave a comment
The Treasury will start to wind down the furlough scheme this week – and not a moment too soon.
To begin with, the support is relatively generous – and costly – and still due to last another three months. Under the Coronavirus Job Retention Scheme (CJRS), employees on furlough receive 80% of their normal wages for any hours not worked, capped at £2,500 a month.
Currently, the Government pays the entire 80%. The taxpayer’s contribution will be scaled back to 70% from July 1, and cut further to 60% from the beginning of August, but the scheme is not due to close completely until the end of September.
In the meantime, the number of people on furlough has already fallen sharply. The latest harddata from HMRCreported that about 3.4 million jobs were still furloughed as of April 30. But more timely surveyestimates from the ONS
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