Nancy Maclean’s Generalized Rewriting of James Buchanan’s Views on Democracy

I have only read a small bit of Nancy MacLean’s book on James M. Buchanan, public choice, and politics. I’m reluctant to buy a copy, but I wanted to see if it was as bad as some critics have said. (Now you know something of my limited knowledge of and pre-existing bias against the book. … More Nancy Maclean’s Generalized Rewriting of James Buchanan’s Views on Democracy

Appreciation of Ronald Coase

Ronald Coase passed away yesterday, four months shy of his 103rd birthday and working right up to the end. An archive search here shows how deeply Coase’s work influences Mike’s and mine, and we are not alone — Coase was one of the most influential economists of the 20th century, an influence made even more … More Appreciation of Ronald Coase

Jonathan Adler on Common-pool Resources

Lynne Kiesling Case Western law professor Jonathan Adler (someone to whom I link frequently here) is guest blogging for Megan McArdle at the Atlantic right now, and he’s sharing some valuable insights from his research in environmental and administrative law. His first post lays a foundation by summarizing and analyzing Garrett Hardin’s seminal “tragedy of … More Jonathan Adler on Common-pool Resources

Obsolete Boutique Fuels and Failure to Arbitrage

Lynne Kiesling Andy Morriss (Univ. of Alabama Law School) and Don Boudreaux (George Mason University) have an excellent op-ed in today’s Wall Street Journal, A Coca-Cola Solution to High Gas Prices. The punch line: environmental fuel formulation regulations balkanize wholesale fuel markets and make prices more volatile as a consequence. This is not a new … More Obsolete Boutique Fuels and Failure to Arbitrage

The Green Costs of Kelo

Lynne Kiesling At PERC, Jonathan Adler has a trenchant post highlighting the environmental consequences of the eminent domain precedent established in the Supreme Court’s Kelo decision. In opposition to the Keystone pipeline, environmentalists are criticizing the use of eminent domain that could override their objections.  Jonathan observes that “… the use of eminent domain for … More The Green Costs of Kelo

Overfishing Conference at Perc

Lynne Kiesling Jonathan Adler reports from a PERC workshop on fisheries management and how property rights institutions can reduce pervasive overfishing problems in fishing. Overfishing is a serious environmental and economic problem, and Jon provides excellent links to the body of research showing that property rights institutions, such as tradeable catch shares, can reduce overfishing … More Overfishing Conference at Perc

Distortionary Effects of Three-tier Liquor Regulation, Wisconsin Edition

Lynne Kiesling As Jonathan Adler notes at the Volokh Conspiracy, the Wisconsin legislature is considering a piece of legislation that would change the regulations governing the production, wholesale distribution, and retail sale of beer in Wisconsin. The controversial provision in this legislation is one that prevents brewers from owning wholesale distributors, and the controversy arises … More Distortionary Effects of Three-tier Liquor Regulation, Wisconsin Edition

Bedbugs, Public Policy, and Relative Risk Assessment

Lynne Kiesling Over the past few weeks I’ve been paying some attention to the increasing, and spreading, bedbug infestations in the U.S. I’m not particularly squeamish, but bedbugs are rapacious colony-dwelling critters that can survive for a year without food, feast on the blood of sleeping animals (humans YUM YUM), and colonize easily in mattresses … More Bedbugs, Public Policy, and Relative Risk Assessment

Epa Fines Companies for Not Doing the Impossible

Michael Giberson If you read Jonathan Adler’s post at the Volokh Conspiracy (and reposted at PERC’s Percolator blog), it makes the EPA seem a little silly for insisting on fining companies when it would be impossible for companies to comply with the law. But don’t blame the EPA, which is just implementing a law that Congress passed and … More Epa Fines Companies for Not Doing the Impossible

Economic Analysis of Localvore Choices

Lynne Kiesling Last night the KP Spouse and I spontaneously decided to go out to dinner. We went to Chalkboard, our favorite restaurant near our house, and I ordered a salad as a starter (and amazingly delicious Hawaiian Ono as a main course, yum yum). We were chatting with the chef later (it being a … More Economic Analysis of Localvore Choices