Sanjeev Sabhlok's Blog, page 2

Copy of Open Letter by around 5000 PANICKED COWARDLY Australian doctors demanding a lockdown

This letter (linked via this tweet) is difficult to locate. A claim of 3000-5000 signatories has been made. ABC newsreport of 4000 signatories: https://www.abc.net.au/news/2020-03-1... ABC newsreport cited by news.com.au ====LETTER==== {Another copy} *Please only sign if you are a doctor! Open letter from Australian doctors to Australian federal and state governments re. coronavirus COVID19 emergency […]

Another copy of an Open Letter by 265 PANICKED COWARDS who call themselves economists

These cowards have DELETED their Open Letter from the internet. Very fortunately, an archival copy remains. Just in case they manage to delete the archival copy, I’m making another copy here: === An Open Letter from Australian Economists on Tradeoffs During the COVID-19 Crisis Corresponding authors: Chris Edmond (cedmond@unimelb.edu.au) Steven Hamilton (steven_hamilton@gwu.edu) Richard Holden (richard.holden@unsw.edu.au) […]

How FALSE anti-vaxx panic and shutting down of vaccine producers forced USA to provide producers with protection

EXTRACT FROM Barry Glassner’s The Culture of Fear === I discovered an example of legislation that curtailed lawsuits, generously compensated victims, and at the same time protected manufacturers, who ended up producing a safer product. The legislation, which created something called the Vaccine Injury Compensation Program, was instituted by Congress in 1986 as a kind of […]

The complete works of Jeremy Bentham

I’m compiling the links, below: ARCHIVE.ORG A fragment on government The works of Jeremy Bentham Volume 1 Volume 2 Volume 3 Volume 4   | Another Volume 5  |Another Volume 6 Volume 7 Volume 8 Volume 9 Volume 10 Volume 11 OLL Vol. 1 Table of Contents INTRODUCTION TO THE STUDY OF THE WORKS OF JEREMY BENTHAM; […]

In which James Tooley demolishes the bogus free rider problem in school education

The concept of EXTERNALITIES IS THE MOST BOGUS AND FRAUDULENT CONCEPT invented in economics. I have shown this in my preliminary sketch of Paper 5 (download from here). In his book, The Beautiful Tree, Tooley looked at arguments advanced for public ownership and management of school education on the basis of “free riding” and found that […]

The core disagreement between Pigou, the profession, and Coase in the analyses of the externality question – Demsetz

By Harold Demsetz (1996). My annotated study, below. My main finding is that by 1996, Demsetz had NOT ACHIEVED CLARITY on this issue, and many of his arguments make no sense. He still thinks that social costs might be real under certain circumstances. That changed by 2011. Abstract The source of disagreement between Pigou, the […]

Mining reforms in India under Lord Curzon

Extract from India under Curzon and after. === In his first year in India, Lord Curzon issued revised rules for mining and prospecting; I believe the question had been under consideration before his advent. The extraordinarily obstructive and unjust rules previously in force are scarcely conceivable to-day, but they illustrate very forcibly what I have […]

Transcription of externality-related content from a Demsetz interview

With reference to this [see details here] The relevant transcript Demsetz (at around 22 minutes): If the market can’t easily handle a problem like air pollution… Why can’t it easily handle the problem? Well, it’s difficult to have somebody own the quality of the air. There’s a big free-rider problem. If I drive a car […]

The Webb’s “refutation” of Mises and Hayek in their 1935 book extolling Soviet communism

Sidney and Beatrice Webb, the intellectual forces behind Fabian socialism, wrote a 1150 page book extolling soviet communism, and Pigou PROFUSELY PRAISED THE BOOK IN HIS 1936 review in the Fabian mouthpiece, the Economic Journal. The book: https://openlibrary.org/search?q=sovi... AN EXTRACT FROM THE BOOK, BELOW The Abstract Economist’s Criticism of a Planned Economy There is one school […]

Restrictions by India on trade of onions, 2010-2023

FULL LIST OF NOTIFICATIONS:  https://apeda.gov.in/apedawebsite/Lat...  – AROUND 50 CHANGES TO POLICY IN 13 YEARS. Ban for two months in 2010-11 20 December 2010: Ban imposed on onion exports 17 February 2011: ban imposed in December 2010 was lifted after prices crashed on the domestic market A short ban in 2011 for a week 20 September […]