Michael Giberson State and federal policy provides substantial subsidies to renewable power producers, but just because the subsidies go to renewable power producers in the first instance doesn’t mean they receive the full net subsidy. Figuring out the exact distribution of the subsidy requires extensive additional analysis. For example, local governments are exercising their authority …
Lynne Kiesling Earlier this week on Twitter Tim Harford asked “Should economic students learn more econ history? … I learned none, feel poorer as a result.” Naturally, my immediate answer to that question was “Yes. Next question?” The cliché reason, avoiding the mistakes of the past, is only the first of the reasons to learn …
Enlightened Economic History: Honoring Joel Mokyr Read More »
Lynne Kiesling As if Mike and I haven’t given you enough nudges to go read Deirdre McCloskey’s Bourgeois Dignity, here’s another one: Don Boudreaux has a lovely column in the Pittsburgh Tribune-Review that introduces the work via the question of whether economic incentives are sufficient to understand and explain human behavior and economic growth. What …
Michael Giberson At AidWatch, an interview with Dierdre McCloskey, author of Bourgeois Dignity: “Don’t be snobbish towards merchants & entrepreneurs, and you’ll develop.” Short, and to the point, so likely worth a few minutes of your time to read. Here is a shorter and even more to the point summary of her message: History shows …
Dignity and Liberty for Ordinary People Brings Social Growth and Development Read More »
Lynne Kiesling For your weekend intellectual stimulation and viewing pleasure … I cannot recommend this highly enough: Deirdre McCloskey’s recent talk at George Mason University about her new self-recommending book Bourgeois Dignity, the second in what’s likely to be a 4-volume re-examination of Western economic history. I guarantee you will learn more, and think more, …
Michael Giberson David Warsh, at Economic Principals, sees signs of a revival of interest in the history of economic thought emerge from the recent meetings of the American Economic Association in Denver.
Michael Giberson From the IEEE Global History Network: With the opening of the Pearl Street station in lower Manhattan at 3 o’clock in the afternoon on 4 September 1882, Thomas Edison publicly presented a complete system of commercial electric lighting and power. The success of the Edison bulb created a demand for a source of power. …
The 128th Anniversary of the Beginning of the Electric Power Industry Read More »
Lynne Kiesling I recently recommended Joel Mokyr’s The Enlightened Economy and mentioned that I was going to have a more lengthy discussion of it soon. I still have things I want to say about it, but Trevor Butterworth fills some of the void with his review in the Wall Street Journal. Butterworth has some pointed …
Michael Giberson I suppose it is still true that, as Raymond de Roover wrote in 1958, “The history of price regulation remains to be written….” The full sentence and several more (emphasis added): The history of price regulation remains to be written, but we know it to be a tale of woe. In the absence …
The History of Price Regulation is a Tale of Woe Read More »
Michael Giberson Alexis Madrigal, writing for WIRED’s This Day in Tech on June 3, gives us, “Power Flows Long Distance.” 1889: The first long-distance transmission of electricity takes place, linking a powerhouse at Willamette Falls to a string of lights in Portland, Oregon, 14 miles to the west. The power lines stretching from the hydroelectric …
Long Distance Electric Power Transmission in 1889 Read More »
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