Valuing ecosystem services is difficult and controversial

Lynne Kiesling I find two things especially intriguing about environmental economics. One is the pervasiveness of ill-defined property rights as causes of environmental issues, and how it opens up one’s thinking to look at environmental issues as challenges of ill-defined property rights. Another is the tension between the anthropocentric nature of environmental economics (and economics … More Valuing ecosystem services is difficult and controversial

Enlightened economic history: honoring Joel Mokyr

Lynne Kiesling Earlier this week on Twitter Tim Harford asked “Should economic students learn more econ history? … I learned none, feel poorer as a result.” Naturally, my immediate answer to that question was “Yes. Next question?” The cliché reason, avoiding the mistakes of the past, is only the first of the reasons to learn … More Enlightened economic history: honoring Joel Mokyr

Recommended in the comments: Ten Fracking Things Everyone Should Know

Michael Giberson Commenter “Fat Man” recommends Peter C. Glover’s essay in the Energy Tribune: “Ten Fracking Things Everyone Should Know.”  Number one on the list of things to know is “Hydraulic fracking has been around for 60 years. Developments made by U.S. engineers around 2008-9 have simply made the process much more commercially viable.” Relatedly, … More Recommended in the comments: Ten Fracking Things Everyone Should Know

Don’t bet against Netflix, at least not now

Michael Giberson Jonathan Knee argues that Netflix is succeeding the way big media companies always have succeeded, in a time where such opportunities are less frequent than before. From The Atlantic: The economic structure of the media business is not fundamentally different from that of business in general. The most-prevalent sources of industrial strength are … More Don’t bet against Netflix, at least not now