More ocean stuff, this time to do with CO2 … last week Nature published an article on results from a study that put iron-rich fertilizer in the ocean near Antarctica. A team of oceanographers from Californian marine research institutes dropped 1.7 tonnes of iron sulphate in the sea as part of the Southern Ocean Iron …
There’s been a lot of discussion and analysis lately of fisheries and fishery policy. In many ways fisheries represent the quintessential “tragedy of the commons” (or what I prefer to call “tragedy of open access”) because treating fish populations as an open access resource has led to overfishing of many species as human populations have …
So it looks like Stephen Bainbridge and I crossed in the air over Colorado somewhere. Two things: 1. Honey, why ya still flying United? 2. He says he couldn’t live here because he’d miss the LA sun. Every time I spend a weekend in LA I am glad to get home to Chicago. In addition …
Revealed Preference: Kiesling Chicago, Bainbridge La Read More »
COTC this week is up and running at Venturpreneur. Have fun!
Here’s a great source for the next time you run into an apocalyptic, Doomsday-predicting naysayer: a detailed summary of the famous bet between Julian Simon and Paul Erlich. Punch line: prices reflect scarcity. Human creativity and ingeneuity, expressed through technological change, can push back the bounds of scarcity, even in resources that are technically nonrenewable. …
By now everyone’s read Virginia’s Economic Scene column from Thursday, but I wanted to chime in with my two cents because her argument, and Erik Brynjolfsson et. al.’s research on online commerce, are at the core of my arguments for market-based retail choice in electricity. Online shoppers are not just buying the same stuff for …
There’s been lots of talk lately about malaria and DDT. As an addition to that thread, I recommend this National Review article by Jennifer Zambone on malaria prevention. Her argument is that investing in malaria prevention in Africa will pay off many times over.
Recently, Eszter at Crooked Timber asked where people go in the morning for news. I start at Google News, then Yahoo Financial News, then The Daily Show With Jon Stewart. Then it’s off into the energy trades for me …
Last week the California Assembly passed new piece of electricity legislation, AB2006. The bill is meant to break the regulatory limbo in which the California electricity industry has been for the past three years. It contains the usual compromises to make it politically palatable, but also happens to contain some substance that would introduce a …
Here at the Admiral’s Club, read the paper on the train here … the front page article on what American retailers can learn from British retailers (subscription required) is very interesting. It only obliquely refers to one challenge facing American department stores, particularly in large cities — lots of people, women especially, can buy similar …
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