Michael Giberson Well, it?s that time of year when we assemble the artificial tree in the front room, decorate it with loads of lights and ornaments, and haul out the stack of Christmas CDs, which gets bigger and bigger each year. I suggested to the spouse that the time had come to sort through our …
Lynne Kiesling Please go read Brad DeLong’s post on taking Adam Smith out of context. Now. All of his points are well taken. I would only add two things. People who like to take Adam Smith out of context and caricature his thought have not read or thought carefully enough about Smith’s Theory of Moral …
Lynne Kiesling I’ve always conceived of and pitched KP as an academic and professional outlet … but woman does not live by economics alone! I have opined before here about why I knit, but I haven’t explicitly “knitblogged”. Seeing as this is a pretty low-key pre-Christmas week, why not? Here’s my most recent finished object, …
Lynne Kiesling Ever since returning from the CMU conference I’ve been pondering the ideas that Mike discussed in his previous post. Conceptually, there’s a big tension that is at the core of these discussions: does command-and-control centralization to reduce transaction costs work? Here’s the issue, I think. The SMD proposal(s) establish centralized platforms, RTOs, in …
A Coda To Mike’s Comments On Smd Or Something Like It Read More »
Michael Giberson At the Carnegie Mellon transmission and distribution conference last week, there were a lot of disparaging remarks concerning FERC?s standard market design (SMD) push. Some of the critics favor development of ?RTO light? ? perhaps including independent management of the transmission grid, but not necessarily LMP with financial congestion rights, etc. Others advocated …
Lynne Kiesling Virginia Postrel reviewed David Hackett Fischer’s new book, Liberty and Freedom, in the New York Times on Sunday (registration required). Her review, nuanced and not particularly favorable, whets my appetite to read it. Fischer is apparently focusing on iconography in this book, and exploring the historic distinction between concepts of liberty and freedom …
Michael Giberson The judge has thrown out part of the lawsuit that Geico filed against Google. See my earlier post here. See Kevin Brancato at Truck and Barter for an update.
Michael Giberson The latest Review of Network Economics, which focuses on road transport issues, arrived just after the latest family Thanksgiving trip down I-95 in the Eastern United States. Traveling on I-95 prompted me to wonder how I should be driving in traffic so as to minimize the negative externalities I was imposing on everyone …
Lynne Kiesling Am geekily blogging the Carnegie Mellon transmission and distribution conference today … this morning saw one fascinating presentation from Kurt Yeager, CEO of EPRI, titled “A Bold Visions for Transmission and Distribution”. Yeager starts from the point that we are experiencing fundamental transformation and disruptive change, especially technological change. Yet the pace of …
Michael Giberson A news story about GEICO and Google sent me to Thesaurus.com this morning, trying to find just the right word for the lawsuit the insurer filed against the search engine. But which is the right word? The great thing about Thesaurus.com is that there are a lot of options. For example, search on …
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