Lynne Kiesling Rob Bradley has an Econlib essay on Enron, and it’s a good one. He focuses on Enron’s particular form of crony corporatism, its ability to take advantage of regulatory complexity, and the lessons that we should carry forward from the experience: Enron was essentially a political company, not a free-market one. Ken Lay’s creation …
Lynne Kiesling One of the themes of my collection of links on Friday was that economic liberties are civil liberties, that a dichotomy between them is a false one. Philosopher Aeon Skoble explains why in this short Learn Liberty video. [youtube=http://www.youtube.com/watch?v=oWAyEzyp2xQ&feature=player_embedded]
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 …
Lynne Kiesling In previous posts on the TSA and security here, here, here, and here, I’ve argued emphatically for taking a relative risk assessment approach to our security and surveillance policies and spending. Courtesy of Meg McLain, here’s a vivid graphic representing why that’s a good idea, and why we should not be spending so …
Lynne Kiesling A few weeks ago I was thrilled to speak at the inaugural Summer Institute on Sustainability and Energy, organized by the University of Illinois-Chicago in partnership with Argonne National Laboratory, Northwestern University, Illinois Institute of Technology, and the University of Chicago. The students were from diverse fields and between them and the other …
Lynne Kiesling Thanks to Tim Haab for pointing us to this excellent observation from Bjorn Lomborg about innovation, regulation, and environmental quality: Real reductions in carbon emissions will occur only when better technology makes it worthwhile for individuals and businesses to change their behavior. CFLs and other advances can take us part of the way, …
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Lynne Kiesling Ron Bailey writes at Reason about a new evolutionary psychology paper in the Proceedings of the National Academy of Science. I haven’t read the paper yet, and may well have more to say about it when I do, but Ron’s observations make it worth mention. Ron’s summary: A new study [PDF] in the …
Lynne Kiesling I’ve been playing with Spotify this week during its U.S. release, and so far I really like it. My British friends have been raving about it, so I was keen to check it out. For music playing it combines some of the best features of iTunes and Pandora and Rhapsody — I can …
At http://feedproxy.google.com/~r/marginalrevolution/feed/~3/ycq8YZirYR0/is-economics-a-science-liquidity-trap-edition.html Marginal Revolution today, Tyler Cowen asks this question, does some research on empirical analyses of the existence (or not) of liquidity traps, and comes up with a conclusion in which I concur: economics is not a science of the researcher cares about the outcomes of the analyses. By the way, apologies for any …
Is Economics a Science? (liquidity Trap Edition) Read More »
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