Mike Giberson On Gas Prices

A guest post from my colleague Mike Giberson: In response to your ENOUGH ALREADY ON “RECORD HIGH” GAS PRICES, note that the Washington Post does, on occasion, adjust for inflation in its commentary on gasoline prices: For one, it is worth pointing out that gasoline prices, while higher than a few years ago, are still … More Mike Giberson On Gas PricesMore Mike Giberson On Gas Prices

Crumb Trail On Energy Use In Biofuels

Run, don’t walk, to back40’s house at CrumbTrail to read this post and the article to which he links on the dubious reasons for claiming that biofuels are renewable. It has bothered me for a long time that no one has really quantified the entire supply chain in modern biofuels, including all of the attendant … More Crumb Trail On Energy Use In BiofuelsMore Crumb Trail On Energy Use In Biofuels

Coasean Bargaining, Buffalo, And Fish

OK, I’m going to rise to Ray Gifford’s bait, being the new institutional economics econ-geek that Ray believes me to be … the essay that he links to by Eric Gunning on the potential and the pitfalls associated with Coasean bargaining is a good, concise treatment of the subject. I encourage you to follow his … More Coasean Bargaining, Buffalo, And FishMore Coasean Bargaining, Buffalo, And Fish

The Labor Theory Of Value

I owe a ginormous (as Trinny and Susannah would say) debt of gratitude to Brian Doss at Catallarchy for posting the link to this online FAQ about the labor theory of value. The students in my next history of economic thought class will be the most appreciative though, because they’re the ones who won’t have … More The Labor Theory Of ValueMore The Labor Theory Of Value