Bastiat, Hayek, Eurozone

Lynne Kiesling Steve Horwitz has a great post at the LSE blog that provides an introduction to and summary of the Austrian economic theory that’s relevant to macro policy questions, including the current Eurozone crisis. Most people know that Austrian economics provides a critique of the Keynesian policies emphasizing government stimulus spending, but what’s the … More Bastiat, Hayek, Eurozone

More on rebound, backlash, and the Jevons effect

Lynne Kiesling Back in July and also a couple of other times over the past two years, Mike has written here about the Jevons effect — when an increase in energy efficiency reduces the per-unit cost to the consumer of doing the energy-consuming action, moving her down along her energy demand curve and increasing her … More More on rebound, backlash, and the Jevons effect