The number of correct responses from PhD’s in economics, consequently, was somewhat less than the expected number if the respondents had been chickens pecking randomly

Michael Giberson The title above is a quote from Harold Margolis’s paper, “Are Economists Human?” HT Marginal Revolution. (I wonder if Tyler Cowen laughed when he read it?)

The city council puts Lubbock’s new municipal electric monopoly to use

Michael Giberson Are monopoly municipal electric utilities supposed to be treated like piggy banks by city councils? ¬†For over 90 years Lubbock Texas has had two electric utilities serving the town – one regional¬†state-regulated investor-owned utility (Xcel) and a municipal utility (LP&L). Both ran wires throughout the city and most customers could switch between the … More The city council puts Lubbock’s new municipal electric monopoly to use