by David Zetland (originally published at The one-handed economist) Climate loss, grief and migration The climate we grew up with is leaving. International action to slow climate chaos is not…

…vast deadweight costs on current activity because they lent greedily into what might easily have been recognized as a property and credit bubble. Read the whole thing, even if this…

…after the jump. Krugman gives one answer. The strong result requires the assumption that the government uses non-distortionary taxes. If there are deadweight losses from taxes which are convex in…

…saw a similar sign at an ice cream place last week; I interpret both as examples of the deadweight loss from the state’s $8.00 per hour minimum wage. Someone somewhere…

…deadweight losses, the former can be partially prevented by changing the law, while the latter are less amenable to legal change since one cannot force the rich to work or…

…4.17, State B from 4 to 3.33, and State C from 3 to 2.5. This will cost $57.53 million, which is an insane imposition a deadweight loss of $55.53 million…

…phenomenon in just about every aspect of microeconomics, from the virtue of sweatshops (workers voluntarily take those jobs, no?) to the evils of rent control (deadweight loss! black markets!). More…

…a double dividend. I disagree with that (I think the deadweight loss case against taxes is weak), but I agree that carbon prices operate like a sales tax and are…

…the last five years: Then the annual interest due in our example rises from $600 Billion to $750 Billion — a deadweight loss of $150 Billion per year. Now look…

…into a -1% deadweight loss to the economy during that time. Of course, the workers got back pay when the government reopened – but if the 2:1 ratio holds, there…