Economics

Economics, Energy, and the Environment

Lynne Kiesling I’m still out in Montana, attending a Foundation for Research on Economics and the Environment conference on energy for federal judges and law professors. Today I’m talking about one of my favorite topics: prices to devices! So far I’ve learned a lot, including a very interesting presentation from University of Illinois professor Bob …

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Fed Official Says Market Adjustments Have Allowed Economic Growth Despite Higher Energy Prices

Michael Giberson In a speech yesterday, Federal Reserve Bank of St. Louis President William Poole said, “The importance of recent energy developments is less than their high visibility leads many to believe.” The WSJ Real Time Economics blog further reports: “There are certainly strains from the high price of energy,” but “there is no energy …

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(Somewhat Technical) Perils of Regulation: The Shrinking Proxy Group

Michael Giberson One of the difficulties that beset planned economies is that without good prices for retail goods, it becomes difficult to price capital goods well. Of course, without good prices for capital goods, it become hard to allocate capital goods to their best use, and resources become wasted. (I think we can credit Ludwig …

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