Bastiat, Krugman, Horwitz on earthquakes

Lynne Kiesling One quick note before I turn on my Internet-blocking software and retreat to my writing cave: yesterday’s earthquake naturally prompted a lot of snarky comment that the earthquake would at least create jobs … the absurdity of which illustrates Bastiat’s broken window fallacy (a topic of great interest to both of us at … More Bastiat, Krugman, Horwitz on earthquakes

The industrial revolution required more energy resources than provided by the annual cycle of photosynthesis

Michael Giberson Tony Wrigley’s new book is Energy and the English Industrial Revolution. He provides some flavor of the fundamental thesis of the book in a post at VoxEU.org: “Opening Pandora’s box: A new look at the industrial revolution“: The most fundamental defining feature of the industrial revolution was that it made possible exponential economic … More The industrial revolution required more energy resources than provided by the annual cycle of photosynthesis