Boettke on Cowen, Smith, Schumpeter, and Stupidity

Lynne Kiesling One of the most beautiful (or frustrating) things about the Internet is that if you wait long enough, someone will say what you wanted to … and probably say it more eloquently. Pete Boettke and the commenters on this recent thread did that for me. In this discussion Pete analyzes Tyler Cowen’s argument … More Boettke on Cowen, Smith, Schumpeter, and Stupidity

NYT editor on shale gas skeptic article: we should have done better

Michael Giberson As mentioned here a few weeks ago, links below, the pair of New York Times articles giving voice to shale gas skeptics were badly done. (I called them no more than “an impressive collection of shale skeptic sound bites.”) I was far from the only critic, and the paper itself received a lot … More NYT editor on shale gas skeptic article: we should have done better

Risks and regulation

Lynne Kiesling I’ve just returned from a conference on regulation in Bulgaria organized by the Istituto Bruno Leoni, a classical liberal think tank in Italy that does a lot of extremely good work developing and applying classical liberal principles and ideas to public policy issues in Italy and Europe. The topics included financial markets regulation, … More Risks and regulation

Scottish wind power plants paid not to produce

Michael Giberson The Telegraph has reported “six Scottish wind farms were asked to stop producing electricity on a particularly windy night last month as the National Grid was overloaded.” The operators were paid a total of £900,000 to take the night off, likely earning more from not operating than they would have earned from selling power that … More Scottish wind power plants paid not to produce

Role of independent producers in the early development of California’s oil and gas industry

Michael Giberson The Summer 2010 issue of Business History Review included an interesting article on the role of independent producers in the development of the oil and gas industry in California. In the article, Michael Adamson makes the case that official statistics on oil production overstate the role played by large, vertically integrated oil companies … More Role of independent producers in the early development of California’s oil and gas industry

Oil markets appear unfazed by announced release of oil from strategic reserves

Michael Giberson On June 23 the International Energy Agency announced the release of 60 million barrels of oil from strategic reserves held by member governments. Oil prices dipped for a day or two, then recovered more or less to pre-June 23 levels. Overall, it seems, the release merited a collective yawn from the markets. The … More Oil markets appear unfazed by announced release of oil from strategic reserves