Sanjeev Sabhlok's Blog, page 3

More on Bill Gates’s obsession with reducing population in developing countries

I’ve noted this elsewhere on this blog, but came across another one: In 2008 bespreken Bill Gates en Klaus Schwab op het World Economic Forum – Malaria, het terugdringen van de bevolking en 'felicitaties' voor hun 'prestaties'. Het is 15 jaar geleden sinds deze 'doelen' werden gepland en deze hele planeet is veranderd in een […]

Alfred Marshall On Socialism by John E. Elliott

My annotated notes of this article, BELOW. But first, this is a summary of the socialist economists who’ve destroyed the world. The main bias of the socialists is the belief that governments are miraculously competent and honest. I CAN CONFIRM FROM 38 YEARS OF EXPERIENCE THAT THEY ARE THOROUGHLY INCOMPETENT AND CORRUPT. ==ELLIOTT’S WRITEUP== 1. […]

Some fallacies in the interpretation of social cost – Frank Knight 1924

I’m undertaking an annotated study of Knight’s article, below. SUMMARY Arguments for social interference developed by Pigou and Graham illustrate common misinterpretations of the meaning of cost and its variation with output, 582. — I. The private owner of a natural opportunity secures maximum return from it by charging that rent which halts the application […]

Extract from the centennial Coase lecture

JUST A FEW BITS TRANSCRIBED: Some months after my FCC paper was published with the error in it, I was invited by (34:08) Stiegler to give a paper at the industrial organization workshop I accepted on condition that I could also have a discussion of my error. A meeting was arranged which took place at […]

Externalities are political, not based on any science or evidence

This is an extract from a 2000 paper, Review: Externalities and Other Parasites, by Don Herzog === Externalities Next, consider externalities. Sometimes markets fail, agree economists, though it is controversial just when they do, controversial too whether state intervention would improve matters. And some­times they fail because the reigning system of property rights doesn’t force […]

Minoo Masani and some of his writings

I’ve scanned and OCRd this document today: Liberalism by Masani. At the same time,  I’m providing a link to two other documents I found on the internet which I’ve now uploaded on my server. Minoo Masani at 90 Masani – biography by S.V.Raju

Liberalism by Minoo Masani

LIBERALISM Minoo Masani (Freedom First, April 1985) The word “Liberalism” derives from liberty. In other words, the individual is in the centre of the picture. Society is there to serve the individual and not the other way round as certain other systems of thought like communism or socialism try to make out. The essential elements […]

What Donald J. Boudreaux and Roger Meiners think about externalities

Continuing from here. Now for their own views on externalities. == WHERE WE ARE NOW By the 1970s, the notion of externalities had become entrenched and became particularly popular in the area of environmental economics. The notion now, at root, is normative, as Professor Carl Dahlman of the University of Wisconsin explains; it concerns assertions […]

A history of the concept of externalities – by Donald J. Boudreaux and Roger Meiners

Background: This summary by José Luis Gómez-Barroso Donald J. Boudreaux and Roger Meiners’s 2019 work This is part of my ongoing study of the concept of externalities. My annotations in blue. Source: https://www.jstor.org/stable/10.2307/... ORIGINS AND DEVELOPMENT OF EXTERNALITY: MARSHALL AND PIGOU The earliest developers of the concepts of external economies and diseconomies were Alfred Marshall, a […]

Murray Rothbard’s critique of the concept of externalities

From Man, Economy, and State with Power and Market. My annotations in blue. === Two favorite, seemingly scientific, justifications for govern­ment activity and enterprise are (a) what we might call the argu­ment of “external benefits” and (b) the argument of “collective goods” or “collective wants.” Stripped of seemingly scientific or quasi-mathematical trappings, the first argument […]