I Think I’d Rather Be Westinghoused

Michael Giberson Chevy Volt promotion, courtesy of Tom Fowler at NewsWatch: Energy, without further comment.

Electric Power Rate Reforms Needed for Smart Grid to Create Value

Michael Giberson In a white paper released yesterday, the Association of Home Appliance Manufacturers (AHAM) identified three requirements necessary for the smart grid to create value for residential customers: Pricing must provide incentives to manage energy use more efficiently and enable consumers to save money. Communication Standards must be open, flexible, secure, and limited in … More Electric Power Rate Reforms Needed for Smart Grid to Create Value

Cato Unbound: Hayek and the Common Law

Lynne Kiesling This month’s issue of Cato Unbound has a topic that sits at the core of the issues of interest here: Hayek’s concept of spontaneous order, its universality, and its applicability to orders beyond market processes, including the common law. Examples abound. No one individual or committee sets market prices; those who have tried … More Cato Unbound: Hayek and the Common Law