Celebrating humanity's flourishing through the spread of capitalism and the rule of law
20 Feb 2025 Leave a comment
in applied price theory, economics of education, economics of information, human capital, James Buchanan, labour economics, labour supply, occupational choice Tags: adverse selection, asymmetric information, College premium, signaling
The central thesis of my The Case Against Education is that actually-existing education is a terrible waste of taxpayer money. Since signaling, not building human capital, is the main function of education, the main effect of government subsidies is credential inflation. In economic jargon, my claim is that education has a low (indeed, negative) social…
Selfishly Speaking, Who Should Skip College?
01 May 2024 Leave a comment
in applied price theory, economic history, industrial organisation, labour economics, labour supply Tags: asymmetric information, moral hazard, tipping
Why leave a tip? You have already received whatever food or service you are going to receive. Maybe if you are a very regular customer, tipping could lead to better service in the future. But most people who leave tips do so even if they are stopping off at, say, a restaurant in a city…
Some Economics of Tipping
18 Apr 2024 Leave a comment
in economics of crime, economics of information, economics of media and culture, labour economics, labour supply, law and economics, managerial economics, organisational economics, personnel economics Tags: agency costs, asymmetric information, moral hazard, screening
12 Mar 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles, law and economics, transport economics, urban economics Tags: adverse selection, asymmetric information, British politics, electric cars, moral hazard
By Paul Homewood h/t Patsy Lacey Owners of some of the latest Chinese electric cars to enter Britain are facing expensive premiums and in some cases are ‘almost uninsurable’ for drivers. It comes after various reports of Range Rover owners struggling to find affordable cover for their vehicles, which is linked […]
Some Chinese electric cars are ‘almost uninsurable’ in Britain
15 Feb 2024 Leave a comment
in labour economics, labour supply, occupational choice, unemployment Tags: adverse selection, asymmetric information, moral hazard, screening, self-selection, signaling
12 Aug 2022 Leave a comment
in applied price theory, economics of crime, economics of information, law and economics Tags: adverse selection, asymmetric information, game theory, screening, self-selection
28 Jan 2022 Leave a comment
in applied price theory, economics of education, economics of information, human capital, labour economics, labour supply Tags: adverse selection, asymmetric information, signalling
08 Sep 2021 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: asymmetric information, screening, signalling
18 Aug 2021 Leave a comment
in applied price theory, applied welfare economics, economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, personnel economics Tags: adverse selection, asymmetric information, screening, signaling
06 Jun 2021 Leave a comment
in applied price theory, Armen Alchian, comparative institutional analysis, economics of information, financial economics, history of economic thought, industrial organisation, labour economics, labour supply, law and economics, managerial economics, market efficiency, organisational economics, personnel economics, property rights, Ronald Coase, survivor principle, theory of the firm Tags: adverse selection, asymmetric information, incentive compatibility, moral hazard
03 Dec 2020 Leave a comment
in applied price theory, economics of bureaucracy, economics of information, health economics, industrial organisation, managerial economics, organisational economics, personnel economics, politics - USA, Public Choice, theory of the firm Tags: adverse selection, asymmetric information, health insurance, moral hazard, self-selection
09 Oct 2020 Leave a comment
in entrepreneurship, managerial economics, Music, organisational economics Tags: asymmetric information, moral hazard
05 Oct 2020 Leave a comment
in applied price theory, discrimination, economics of crime, economics of education, economics of information, human capital, labour economics, labour supply, law and economics, politics - USA, poverty and inequality Tags: adverse selection, asymmetric information, racial discrimination, statistical discrimination
Lang and Lehmann 2005, JEL
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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