Friday afternoon video: Adam Smith’s man of system

Lynne Kiesling Adam Smith’s “man of system” is one of my favorite metaphors for a policymaker who is so taken with imposing his vision of society that he treats the individuals in it like pieces on a chessboard, ignoring the fact that each one of them has his or her own principles, values, and autonomy … More Friday afternoon video: Adam Smith’s man of system

Dematerialization, smart phones, and smart grid

Lynne Kiesling Do you have a smart phone? If so, list the functions you use on it: phone, camera, video camera, alarm clock, calculator, notepad, address book, maps, music player, and so on. This list scratches the surface, and your list probably differs from mine. One small device that fulfills many roles, substituting for several … More Dematerialization, smart phones, and smart grid

New Jersey politicians poised to pour more ratepayer money into solar power developer pockets

Michael Giberson The bill isn’t signed into law yet, but New Jersey solar installers are probably breathing a little easier given reports that New Jersey Governor Chris Christie is expected to sign a law that would boost the state’s electric utility’s solar power purchase obligation from about one-half of one percent to over two percent … More New Jersey politicians poised to pour more ratepayer money into solar power developer pockets

Game-industry market design job openings for economists

Michael Giberson Buzzfeed columnist Russell Brandom explains, “Economists Are Taking Over the Game Industry: The game industry is hiring a new class of central bankers — but not in time to save Diablo III.” The post links to my earlier post on Diablo’s auction market design. Perhaps in support of Brandom’s title, the current (June 2012) Job … More Game-industry market design job openings for economists

Doing what seems like it should work: Experiments, tests, and social progress

Michael Giberson My title is a little grand, at least the “and social progress,” but maybe it will be justified in some later, more carefully worked out version of the ideas clashing about in my head. As this is a blog, I’m sharing the more immediate, less carefully worked out version. 😉 I’ve been reading … More Doing what seems like it should work: Experiments, tests, and social progress

Economic experimentation, economic growth, and regulation

Lynne Kiesling For much of the past year I’ve been thinking about experimentation and the role that experimentation plays in economic activity and value creation; my post on Jim Manzi’s book earlier this week is in keeping with my interest in this topic. When I reflect on the processes of value creation and economic change … More Economic experimentation, economic growth, and regulation

The natural gas revolution need not be subsidized

Michael Giberson Boone Pickens, among others, has been hot to have Congress devote taxpayers money to rolling out natural gas vehicles and refueling stations as a way of encouraging long-distance trucking companies and other folk to convert their fleets from diesel fuel to natural gas. A report produced by energy consulting group IHS CERA concludes … More The natural gas revolution need not be subsidized