Russ Roberts on Hayek in the Wall Street Journal

Lynne Kiesling Wow, Russ Roberts has a wonderful column in today’s Wall Street Journal about Hayek and the recent interest in his work (the link is subscriber-only, but if you Google for the article you should be able to get the whole thing to pull up from Opinion Journal). It’s an outstanding summary of why … More Russ Roberts on Hayek in the Wall Street Journal

What the Maryland Psc’s Rejection of Bg&e’s Smart Grid Proposal Reveals About Regulation

Lynne Kiesling Last week the Maryland Public Service Commission rejected Baltimore Gas & Electric’s proposed project to install over 2 million digital electric or gas meters, change the retail electricity rate structure to incorporate time-of-use pricing and peak-time rebates, and recover the meter capital costs through a surcharge on residential retail bills. BG&E’s ambitious and … More What the Maryland Psc’s Rejection of Bg&e’s Smart Grid Proposal Reveals About Regulation

David Warsh on Complexity and Economics

Lynne Kiesling David Warsh’s Economic Principals column this week is about complexity, and the study of complexity in economics. It is as informative and insightful as Warsh’s columns usually are, despite its selective coverage. He highlights some ideas that I think are important for the future direction of economics — the isolation of the twin … More David Warsh on Complexity and Economics