Richard A. Posner, “The Embattled Corporation”
27 Oct 2020 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of information, financial economics, history of economic thought, industrial organisation, law and economics, managerial economics, organisational economics, personnel economics, property rights, Richard Posner, survivor principle, theory of the firm Tags: corporate law
Sowell on reparations
26 Oct 2020 Leave a comment
in economic history, economics of crime, history of economic thought, human capital, income redistribution, labour economics, labour supply, law and economics, politics - USA, property rights, Public Choice, Rawls and Nozick, rentseeking, Thomas Sowell Tags: American Civil War, political correctness, regressive left

Maori prefer the best available medical care not @TheRACP endorsed woke quackery
26 Oct 2020 Leave a comment
in discrimination, economics of information, health economics, politics - New Zealand Tags: Age of Enlightenment, cranks, political correctness, quackery, regressive left, useful idiots
Woke @TheRACP erase Maori origins of Tohunga Suppression Act 1907 from parliamentary submission on Maori health disparities
26 Oct 2020 Leave a comment
in economic history, economics of crime, economics of regulation, health economics, law and economics, Marxist economics, politics - New Zealand, Public Choice Tags: Maori economic development, political correctness, racial discrimination, regressive left, useful idiots

Woke @TheRACP condones quackery and faith healing. Will Maori homeopathy get the tick next?
26 Oct 2020 Leave a comment
in economic history, economics of religion, health economics, law and economics, politics - New Zealand Tags: cranks, Maori economic development, political correctness, Quacks, regressive left, useful idiots

Anti-science @Greenpeace @NZGreens @Greens @AOC @BernieSanders
26 Oct 2020 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, economics of education, economics of information, economics of media and culture, economics of regulation, energy economics, environmental economics, environmentalism, financial economics, global warming, history of economic thought, income redistribution, industrial organisation, labour economics, law and economics, macroeconomics, Marxist economics, Public Choice, rentseeking, Thomas Sowell Tags: Anti-Science left, conjecture and refutation, offsetting behaviour, philosophy of science, The fatal conceit, unintended consequences, useful idiots

Obsession With Unreliable Wind & Solar Becomes Western Civilisation’s Economic Suicide Pact
26 Oct 2020 Leave a comment
If economic suicide was the object, then our current obsession with chaotically intermittent and heavily subsidised wind and solar will surely deliver it.
Rocketing power prices, power rationing and rolling blackouts are all part and parcel of any serious attempt to run on sunshine and breezes. Ask a Californian or South Australian: both suffer power prices at the top of their respective countries’ league ladders; both have suffered serious power rationing and mass blackouts whenever the sun sets and/or calm weather sets in.
Given the choice, no properly informed voter would give any political party licence to do what’s being done in the name of ‘saving the planet’. Sure, loaded surveys suggest that the proletariat is all in favour of wind and solar power. But, when the question turns to what power consumers might be prepared to pay for it, the great majority won’t pay a nickel more for so-called…
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Some facts on poverty in the UK
26 Oct 2020 Leave a comment
FYI, here are some hard data on UK poverty, with links to the original sources (unfiltered by pro/anti-Tory newspapers, think tanks, or UN rapporteurs…).
First, trends in inequality and child poverty in the UK (before the pandemic, obviously, but also before the surge in government spending on job subsidies and welfare payments). (Source)


Second, a bit more from the ONS on different measures of income inequality. (Source)

Third, the same again for wealth inequality (a small increase overall, with rising property wealth inequality and a smaller increase in financial wealth inequality largely offset by a reduction in pension wealth inequality). (Source)

Fourth, an international comparison of income inequality, using the OECD’s definition of ‘child poverty rates’ (the ratio of the number of people in a given age group whose household income is less than half the median income of the total population). (Source
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A frenzy of school renaming in store for San Francisco
26 Oct 2020 Leave a comment
Thomas Edison was almost cut because he supposedly euthanized Topsy the Elephant to test the power of electrocution.
Forty-four public schools in San Francisco have been advised that their names are polluted by association with slavery, colonization, oppression, genocide, abuse, or homophobia, and are likely to have their names changed late this year. This, of course, is part of the nationwide frenzy of renaming anything named after someone who offends the Woke. Now perhaps some renaming might be in order, but in this case the names scheduled for erasure include those of Abraham Lincoln, Roosevelt (not sure whether Teddy or FDR), James Monroe, Herbert Hoover, George Washington and even Dianne Feinstein (one of California’s progressive Senators), for crying out loud. I’ll give some of the rationales for renaming below.
The whole story appears in the San Francisco Chronicle, which you can access by clicking on the screenshot below. If you’re paywalled, judicious inquiries might yield you a copy.
The S.F. school board has been pondering name changes…
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Are “mononyms” in classical music racist and sexist?
26 Oct 2020 Leave a comment
Although all liberal media sites are getting woke, sites like Salon and HuffPost have gone beyond the pale, while Slate always seemed to retain more sanity. After all, that was where Hitchens often wrote—though I’m not sure he’d be welcome there now were he still alive. At any rate, there’s a new Slate piece that not only indicts classical music and its pedagogy as racist and sexist, but argues that this bigotry is instantiated in using “mononyms”—last names only—for famous classical white male composers (“Mozart,” “Beethoven,” etc.), but demeans female and nonwhite composers by using both first and last names.
The author, Chris White (an assistant professor of music theory at the University of Massachusetts Amherst), suggests that to rectify this disparity, we “fullname” all composers, putting them on a level playing field of respect. What I’m trying to figure out is how much of what he says carries some…
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Let’s forget about prison and see what a term in charm school can achieve – or will crime disappear in decolonialised NZ?
26 Oct 2020 Leave a comment
A warning was sounded at the beginning of a recent New Zealand Herald report about the crimes of a couple of blokes who – according to the Indigenous Pacific Uprising – should not be imprisoned.
The warning was in capital letters.
GRAPHIC CONTENT WARNING – THIS STORY CONTAINS DESCRIPTIONS OF VIOLENT CRIME.
The two blokes in question were jailed for their part in what the Herald described as
“ … a brutal kidnap where the victim was tortured over 12 hours – his pinky finger cut off with secateurs, both feet shot and his naked body burned with a blowtorch while he was tied up and gagged.
“His attackers, who believed he had robbed another person of “thousands of dollars”, burned his eyes with cigarettes, urinated on him and beat him for hours in a bid to get him to disclose where the money was.”
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