Category Archives: Economics and economy

Deirdre McCloskey on the minimum wage

Posted in Economics and economy, Oppressive government | 11 Comments

Economists have a hive mind?

Danielle Wood from the Grattan Institute has an op-ed in The Conversation talking about the need to recruit more women into the economics profession – as opposed to having (more) women study economics and then use the disciple as a … Continue reading

Posted in Economics and economy | 31 Comments

If it’s not value adding it does not add to growth

Let me go back to something I have managed to avoid for a while, the absence of penetration in modern economic theory. Governments waste spectacular amounts of our productive resources on projects that will never turn a dime and are … Continue reading

Posted in Economics and economy | 31 Comments

For example …

Greens leader Richard Di Natale has praised new ACTU secretary Sally McManus for saying that she does not have a problem with unions and workers breaking “unjust” laws, saying brave people have a duty to stand up against laws that … Continue reading

Posted in Australian Story, Economics and economy, Hypocrisy of progressives, Rule of law | 28 Comments

Trade is good (with very few exceptions)

The more I think about Steve’s post on Trump and trade the more alarmed I get.* First things first – I do know who Wilhelm Röpke was; but no, he was not as important as Hayek. Moving along. I don’t think of … Continue reading

Posted in Economics and economy, Market Economy | 121 Comments

An Orgy of Innovation

Posted in Economics and economy | 147 Comments

The wages of ignorance

I have been following this business about wages with no little amazement. Here is the story that sums it up but it was in all the papers today: A demoralised government put in a dismal performance in parliament today. In … Continue reading

Posted in Economics and economy, Federal Politics | 78 Comments

Energy illiteracy a subset of economic illiteracy

And it’s not just energy illiteracy, fewer and fewer any longer know much of anything about how products come into existence and then find their way to buyers. I’ve just had my first class of the semester which I always … Continue reading

Posted in Economics and economy, Global warming and climate change policy | 28 Comments

Abbott misses the boat

I have an op-ed in the AFR dealing with Tony Abbott’s comments about immigration and housing prices. ~~++~~ Populism is being mainstreamed in Australia. At a book launch former prime minister Tony Abbott set out an aggressive populist agenda for Australia … Continue reading

Posted in Australian Story, Economics and economy | 717 Comments

Kenneth Arrow 1921 – 2017

The famous post-war neo-classical economist Ken Arrow has passed away at the age of 95. Update: Harry Clarke has a nice post dealing with Arrow’s contribution.

Posted in Economics and economy | 5 Comments