HispanicPundit + history + economics   58

Now let me anticipate the "yes buts." Some Americans were made worse off. Obviously slave-owners, and less obviously those who were closely connected to the slave economy (bankers who financed them, cotton mills, etc.) But as Fogel showed (in a study of railroads), when thinking about any economy we tend to mentally overrate the importance of any one sector, especially big sectors. So despite the very real losses to a sizable group of Americans, the economy overall did much better as a result of the abolition of slavery.
slavery  history  economics  labor  fogel  yglesias  sumner 
december 2016 by HispanicPundit
Economic history: What was mercantilism? | The Economist
At the heart of mercantilism is the view that maximising net exports is the best route to national prosperity. Boiled to its essence mercantilism is “bullionism”: the idea that the only true measure of a country’s wealth and success was the amount of gold that it had. If one country had more gold than another, it was necessarily better off. This idea had important consequences for economic policy. The best way of ensuring a country’s prosperity was to make few imports and many exports, thereby generating a net inflow of foreign exchange and maximising the country’s gold stocks.
history  economist  economics  sidebar 
august 2013 by HispanicPundit
Three Sides to the Story at Steven Landsburg | The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics
Bottom line: I can’t be sure (and I’ve pointed out several reasons I might be wrong), but I’m guessing that no 1911 garment worker would have wanted to work in a factory with unlocked exit doors. If I’m right, they got the mix of risk and income they’d have chosen. The fire was tragic but the market worked.
economics  regulations  history  wages  labor  fundamentals  landsburg  sidebar 
april 2010 by HispanicPundit
Cafe Hayek: Silly Serious Ideas
Silly ideas held by serious economists - a list.
economics  History  boudreaux 
july 2008 by HispanicPundit
Megan McArdle (December 05, 2007) - Paternalism: it's what's for lunch!
"That's why laws outlawing child labor, in areas where child labor is actually common, seem to result in a lot of dead children, or children shifted to worse labor than knotting rugs, such as the unregulated sex trade."
federalism  labor  History  McArdle  economics  fundamentals  sidebar 
december 2007 by HispanicPundit
Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal
Slouching Towards Utopia? The Economic World of the Twentieth Century: Chapter 7.1: The World in 1900: The View from 1900
History  USA  world  economics  poverty  standardofliving  sidebar 
august 2007 by HispanicPundit
Grasping Reality with Both Hands: Brad DeLong's Semi-Daily Journal
The Economic World of the Twentieth Century: Chapter 7.2: The World in 1900: Poverty
USA  world  History  economics  standardofliving  poverty  sidebar 
august 2007 by HispanicPundit
Marginal Revolution: China and Industrial Policy
The true credit for Chinas rapid economic expansion goes to the peasants.
free-trade  heterdox  debates  china  History  economics  books  sidebar 
july 2007 by HispanicPundit
Greg Mankiw's Blog: The New Deal Revisited
Why people keep voting Democrat - intentions matters more than results.
economics  FDR  democrats  History  sidebar 
june 2007 by HispanicPundit
CARPE DIEM: JFK: Supply-Side Economics
Oh how times have changed - the days when Democrats understood taxes destructive force.
tax-cuts  taxes  democrats  History  economics  sidebar 
may 2007 by HispanicPundit
Foreign Policy: The Return of the Idiot
One of the many reasons why everybody should read Alvaro Vargas Llosa. Link via Oso.
latinamerica  economics  History  communist 
may 2007 by HispanicPundit
Econbrowser: The New Deal and the Great Depression
"FDR’s New Deal did, in many instances, make the depression worse."
FDR  economics  laissez-faire  History  USA  regulations 
april 2007 by HispanicPundit
New Takes on the New Deal - WSJ.com
Economists duke it out on FDR and the new deal. Econodebate.
economics  History  liberalism  laissez-faire  debates  FDR 
february 2007 by HispanicPundit
EconLog, Real Caricature, Bryan Caplan: Library of Economics and Liberty
Some people actually believe that it was unions, minimum wage laws, and regulations that increased the US standard of living, not competition via capitalism. Economists set those people straight.
standardofliving  History  USA  economics  capitalism  sidebar 
january 2007 by HispanicPundit
George Reisman's Blog on Economics, Politics, Society, and Culture: More on Pinochet and Marxism: The Necessity of Evil Means to Achieve Socialism
When I hear the 'evil' that Pinochet did by killing communists, I think he is just as 'evil' as someone who killed Nazis, or Fascists. Reisman explains why.
Chile  economics  History  latinamerica  communist  Socialism 
january 2007 by HispanicPundit
Apocalypse Then
Amartya Sen discusses famines in India under British imperialist rule.
india  economics  History  books 
october 2006 by HispanicPundit
Economist's View: Letters from Milton
More on Milton Friedman's recent letter to Mankiw.
friedman  economics  history 
august 2006 by HispanicPundit
Division of Labour: Abolish the Fed and freeze the base: Milton Friedman
Get rid of the fed and simply put in place "a monetary rule which simply increased the quantity of money at a fixed rate month after month, year after year".
history  economics  friedman 
august 2006 by HispanicPundit

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