Grrrrr.
California Senate Bill Would Re-regulate Electricity
And send California back in time, just as the happy modern primitives who abhor dynamic change want. California Senate Bill 888, about which I posted back in April. This bill has been approved by a Senate panel. The 1996 deregulation law [AB1890] was intended to foster competition to drive down electricity prices. Instead, wholesale electricity …
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The Lunar Men: Five Friends Whose Curiosity Changed The World
Tomorrow I start the section of my economic history class that covers the industrial revolution, so this Chicago Boyz post is exceedingly timely. They recommend Jane Uglow’s book, The Lunar Men: Five Friends Whose Curiosity Changed the World, in which she analyzes the intellectually fertile friendship of Erasmus Darwin, Joseph Priestley, James Watt, Matthew Boulton, …
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The Senate Energy Bill
Tom Lenard at the Progress and Freedom Foundation has analyzed the proposed Senate energy bill, S.14, and he has found it wanting. In the title he calls it a disappointment, which I consider an understatement. It’s full of money for all sorts of research, including the kind of technology commercialization research that should not be …
How To Privatize Iraq’s Oil Assets
Well, if I’m going to get beaten to the punch on an essay I’ve been incubating for a couple of weeks, at least it’s by Susan Lee. Her Wall Street Journal editorial from Wednesday (subscription required) does a superb job of addressing the “how and why” of Iraqi oil privatization. She also does a great …
Sen’s Paretian Liberal Paradox
I was absolutely tickled to find a discussion on Brad DeLong’s site and Robert Waldman’s site about Sen’s seminal article on the impossibility of a Paretian liberal (that’s small-l classical liberal). Takes me back to my undergraduate days, when I had a superb economics honors seminar with the irrepresible and ever-stimulating Dennis Sullivan, one of …