More on the purported environmental benefit of cutting down trees

Lynne Kiesling As a follow-up to my previous post about cutting down trees for biofuels, here’s some interesting news about the unintended consequences and perverse incentives embedded in regulations to promote the use of biomass as fuel: a BBC investigation reveals trees cut from swamp forests in the US being used to fuel electricity generation … More More on the purported environmental benefit of cutting down trees

History of economic thought course video: John Stuart Mill

Lynne Kiesling You may know John Stuart Mill the utilitarian philosopher, the JS Mill of On Liberty and of Utilitarianism. You may know him as the philosopher who can’t hold his shandy in the Monty Python philosopher’s song. What you may not know is how important an economist Mill was. He made some original contributions … More History of economic thought course video: John Stuart Mill

“The U.S. Current Natural Gas Situation”

Michael Giberson What do changes in the domestic U.S. natural gas market have to tell us about the world oil market? Hirsch, Bezdek, and Wendling wrote, “The North American natural gas situation provides some useful lessons relevant to the peaking of conventional world oil production.” Here is their assessment of the North American natural gas … More “The U.S. Current Natural Gas Situation”

Course video 3: David Ricardo on rent and on trade

Lynne Kiesling David Ricardo: Principles of Political Economy & Taxation from Lynne Kiesling on Vimeo. You may know David Ricardo for his pioneering analysis of comparative advantage as the foundation of mutually beneficial specialization and trade. Ricardo’s work goes farther and deeper than that, exploring (among other things) the determinants of rent accruing to fixed … More Course video 3: David Ricardo on rent and on trade