September 2011

A Coasian Look at Pesticide and Genetic Drift

Michael Giberson A few weeks back Lynne drew attention to an interesting property dispute between neighboring farmers in Minnesota, currently the subject of legal action (see news summary here, related court decision here). In brief, the issue is pesticide drift from conventionally farmed crops onto a neighboring organic farm, and whether the organic farm can …

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On the Obligations of Income-Earners and Property-Owners to Pay Taxes

Michael Giberson Perhaps you’ve seen the video of Elizabeth Warren, hoping to be elected to the U.S. Senate from Massachusetts, in which she declaims that since roads and police and fire protection are funded through taxes, people have no real claim to their income or wealth against a government that wants to take it. After …

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Razor-Razorblade, Printer-Cartridge, … Tablet-Media

Lynne Kiesling Amazon’s announcement yesterday of their Kindle Fire tablet differentiates the tablet market in one discrete jump. Anticipated for months, the Fire does indeed compete head-to-head with the iPad, but not by mimicking its feature-rich and flexible platform. Amazon has made a strong Schumpeterian move to differentiate the market. Amazon’s move follows a storied …

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New Economic Freedom of the World Report, and Some Suggestive Connections

Lynne Kiesling Last week the new Economic Freedom of the World report was released, and it’s pretty sobering. The Fraser Institute and a large international coalition of think tanks collaborate to publish this annual report, and the research papers written over the past 20 years using the EFW data indicate the positive role that economic …

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Will Nebraska Hold Up Keystone Xl Pipeline? and Other Energy Stories in the News

Michael Giberson A few items of interest in the news today: Associated Press, Oil Pipeline Opponents Pin Hopes on Nebraska – Fears of contaminating the Ogallala Aquifer have led agriculture-dependent Nebraska to be way of the pipeline and the potential for spills. No matter that any break in the pipe would only result in very …

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Don’t Peak: On Ill-Considered Peak Oil Debates

Michael Giberson Daniel Yergin’s peak oil commentary in last Saturday’s Wall Street Journal has set the econoblogosphere to chattering, or at least those of us in the energy corner. In addition to the clash of the titans, i.e. James Hamilton’s “More thoughts on peak oil” rejoinder to Yergin, the mere mortals are going at it, …

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Sanchez on Netflix

Lynne Kiesling You probably received the same apologetic email from Reed Hastings of Netflix that I did on Monday, stating the impending decision to split Netflix’s streaming business and its DVD subscription business. Foresightful or bad business decision, PR nightmare, or all of the above? The best analysis of its likely drivers and impacts is …

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Resiliency Comes from More Risk of Bank Failure, Not Less

Lynne Kiesling In the always-smart-and-interesting City AM paper from London, Anthony Evans makes an important argument that has been overlooked in financial regulation debates: risk of failure is what creates system resilience, and regulation creates brittle monocultures. He writes in the context of last week’s Independent Commission on Banking (ICB) recommendations for creating regulatory divisions …

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