Category Archives: Market Economy

Nukes: how good are they?

Tony Grey in The Australian: Bushfires, drought: Nuclear the answer to burning problems. His column is as good a hook as any to re-visit Peter Lang’s superb analysis, posted here at Catallaxy in November: Peter Lang: What could have been … Continue reading

Posted in Economics and economy, Market Economy | 21 Comments

Facebook and pornography cannot just be left to the market

Here’s one way to discredit the market system: Arnold Kling asks the question: I am sick of reading about people who want to regulate Facebook. You didn’t come up with the idea. You didn’t build the business. Now that it’s … Continue reading

Posted in Ethics and morality, Market Economy | 160 Comments

Market-based medicine

Australia does have as near as I can tell the best healthcare system in the world, although like every system, it no doubt could be better. The other three I know best are the Canadian, the British and the American … Continue reading

Posted in Australian Story, Market Economy | 27 Comments

Ludwig von Mises

  “He fought and he fought and he fought. Without ever seeing the evidence that he was ultimately right”.  Jeffrey Tucker.

Posted in Economics and economy, Market Economy | 3 Comments

For they were jolly good fellows

It will be a shame if the Liberal Party’s 75th anniversary celebration this weekend is overshadowed by a growing scandal about old horses being sent to the knackery. But let’s be kind and celebrate the party’s two greatest achievements. First: … Continue reading

Posted in Australian Story, History, Market Economy | 344 Comments

Platform economies face competition

One of the arguments we (often) hear is that the new digital business model (so-called platform economies) will operate in a winner-take-all market. That we will be inundated with monopolies. Certainly that is the line anti-trust regulators are pushing – … Continue reading

Posted in Cryptoeconomics, Economics and economy, Innovation, Market Economy | 15 Comments

Crony capitalism at work: Will nobody think of the children

It has been painful watching the often sensible Adam Creighton and normally sensible Paul Kelly contort themselves in praise of the ACCC report hit-job on social media platforms this week. Paul Kelly’s effort in The Australian this morning is magnificent … Continue reading

Posted in Cryptoeconomics, Freedom of speech, Market Economy, Media | 49 Comments

It’s more difficult to understand why socialism doesn’t work than you might think

The reasons are explicable but they are very difficult to understand without a thorough knowledge of how economies work. From Instapundit GLORIA ALVAREZ ON REASON TV: Socialism Fails Every Time (Video): . It certainly has a lot of bad luck associated with … Continue reading

Posted in Market Economy, Socialism | 56 Comments

EEO unintended consequences

Do Equal Employment Opportunity Statements Backfire? Evidence From A Natural Field Experiment On Job-Entry Decisions Andreas Leibbrandt, John A. List NBER Working Paper No. 25035 Issued in September 2018 NBER Program(s):Law and Economics, Labor Studies Labor force composition and the … Continue reading

Posted in Market Economy, Rafe | 12 Comments

Once more unto the IR breach dear friends!

Is the new PM showing some ticker on IR? A few thoughts to help, Hutt’s demolition of some myths that sustain the illegal and productivity-destroying activities of rogue trade unions. He also wrote somewhere that democracy might not survive unless … Continue reading

Posted in Market Economy, Rafe | 13 Comments