Michael Giberson Last week a show on Fox Business News ran a segment titled, “Preventing Price Gouging of Storm Victims.” Spoiler: Show host Gerri Willis and Florida Attorney General Pam Bondi chat about price gouging, but nothing much about “preventing price gouging” except that if you do it in Florida, the state “will be coming … More Fox Business: Preventing Price Gouging of Storm Victims
Lynne Kiesling One of my favorite political theorists is Algernon Sidney (1623-1683). Sidney’s most famous work is Discourses Concerning Government (1698, published posthumously because Sidney had been executed for treason by Charles II). In addition to his motivation to write in response to the absolutism and authoritarianism of both Oliver Cromwell (whom he considered a … More Algernon Sidney on absolutism and political power
Lynne Kiesling Yesterday I posted a roundup of some of the media’s reporting on the NSA’s collection of domestic communications metadata. I concluded the post thus: But the most striking commentary is from the editors of the New York Times, who state that “the administration has now lost all credibility”. If you follow the link you … More The gutless media
Lynne Kiesling Today has seen a flurry of information in the wake of Glenn Greenwald’s breaking the news in the Guardian last night about the National Security Agency’s (dubbed in the Washington Post the “eavesdropper in chief“) collection of Verizon phone customer metadata on a daily basis. Here’s a roundup of the resources I have … More America’s surveillance state: Can you hear me now?
Lynne Kiesling The Marginal Revolution in Economics from Lynne Kiesling on Vimeo. A fundamental question in economics is value theory — where do prices come from, what determents the value of a commodity, product, or good? The classical economists operated with a labor theory of value, but in the mid-19th century, three different economists from … More Course video 5: The marginal revolution and Carl Menger
Lynne Kiesling As is his wont, Mike Munger speaks vast amounts of sense in this month’s Cato Unbound, focusing on the political economy of recycling. I’ve never seen a better articulation of the various energy and economic tradeoffs associated with recycling than Mike’s presented here. For example, Mike does a great job of pointing out … More Mike Munger in Cato Unbound on recycling
Lynne Kiesling The Atlantic’s Derek Thompson parses Mary Meeker’s annual state of the Internet presentation, which includes some nifty and insightful analyses of data. Here’s my favorite: Note that this is in percentage terms, so it doesn’t show the overall increase in the number and variety of digital devices used — the number of devices … More The ephemeral Schumpeterian monopoly