Kate Galbraith, a reporter for the Texas Tribune, and Asher Price, a reporter for the Austin American-Statesman, have written a great historical review of the development of wind power in Texas. Recommended reading if you are interested in the development of wind power. … More How did an oil and gas state come to lead in wind power?
Lynne Kiesling Recently Virginia Postrel used the US (PBS) premiere of “Mr. Selfridge” to highlight the underappreciated social and economic role of the department store. As she notes, Yet like railroads and telegraphs, the department stores of the late 19th and early 20th century were socially and economically transformative institutions. They pioneered innovations ranging from … More Department stores as economically transformative
Michael Giberson Two foreign policy initiatives, both began in mid-March, one a year old and the other started ten years ago, have had dramatically different effects on the world. Eric Shierman celebrates the wiser of the two efforts: I have considered writing about the Iraq War on the tenth anniversary of our collective, bi-partisan decision … More Two foreign policy initiatives contrasted
Michael Giberson If you’re looking for another point of view on gasoline prices, Ralph Nader has an article in Counterpunch, “The Gas Gougers.” In the article Nader blames speculators, a lazy media, and a business-friendly government for the recent 50-cent run up in gasoline prices. There was a time when even a few cents increase … More Ralph Nader on gasoline prices
Michael Giberson I ended my semester in “Energy and Environmental Economics” talking about resource optimism and resource pessimism, framed mostly as a big picture debate between Julian Simon and others against Paul Ehrlich and Neo-Malthusians. Simon reports being puzzled at how folks could look at data showing human health and well-being getting better and better … More Dr. Ehrlich, call your office
Michael Giberson Timothy Taylor observes Census Bureau data showing “geographic mobility in 2011 were at their all-time low since the start of the data in 1948, and were only a tad higher in 2012.” Here is the Census Bureau chart illustrating the data: Taylor considers a number of possible explanations, including many explored in a … More Is the Great Society a less mobile one?
Michael Giberson Of note. Daniel Cole, “Thinking About an Optimal Coase Tax” “Economists have spilled a lot of ink trying to specify what an ‘optimal’ Pigou tax would be… Haven’t any of these people read Coase (I mean read him carefully)? One of his explicit aims in ‘The Problem of Social Cost’ (1960) was to correct an … More Coasean taxes and other energy economics stories