Washington Post Summary of Energy Points in Sotu
Lynne Kiesling The Washington Post gives a ummary of the energy policy points in the State of the Union address. The consensus: no big change. John Whitehead concurs at Environmental Economics.
Economics
Npr on Smart Meters
Lynne Kiesling Check out this NPR story about the installation of smart digital electric meters in the Southern California Edison service territory. Millions of Californian consumers could soon know the real costs of their electricity with the debut of the Smart Meter. Environmentalists and economists believe this will make them more careful about how and …
Should We Abolish the FCC?
Lynne Kiesling Up early for a Saturday, for a 6:45 AM Liverpool/Chelsea game (which the good guys won 2-0, even though fave KP hottie Xabi Alonso took a knee to the mouth and had to have stitches) … so inevitably I am trolling for geeky network regulation fodder now that the game’s over. And I …
The Financial Risk Associated With Inducing Yarn Frenzy in Knitters
Lynne Kiesling There’s this really great outfit called Blue Moon Fiber Arts that makes some of the most gorgeous hand-dyed yarn for knitting that you can imagine; gorgeous yarn born out of the vision of one woman. I bought my first Blue Moon yarn, a variegated rayon in amazing shades of olive, a year and …
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Catching My Eye This Morning
Lynne Kiesling Having a slow start this morning; I fear that I’m coming down with the stomach bug that has been making the rounds, most recently infesting the KP Spouse earlier this week. So I’m reading instead of writing this morning. In late December Economics Roundtable started a Topics section to collect posts on particular …
California Freeze Drives Up Citrus Prices
Lynne Kiesling OK, all of you who are teaching principles of economics right now, I hope you are paying attention to this incredibly timely unanticipated freeze in the Central Valley in California. This is a great classroom example of a leftward shift of a supply curve due to an exogenous weather event, and the consequent …
Beinhocker Book on Wealth, Complexity, and Economic Theory
Lynne Kiesling Mark Thoma draws our attention to a recent Martin Wolf column in the FT, discussing complexity and evolution as a methodological framework for economic modeling and analysis. [M]ost [economists] must also know that the economy is not characterised by perfect foresight and equilibrium, but by trial and error and evolution. That was the …
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Tierneylab
Lynne Kiesling Hey! John Tierney has a blog at the NYTimes to accompany his new gig as a Science Times columnist. He’s got, for instance, an interesting post with some behavioral economics insights into being a tightwad or a spendthrift. I tend to vascillate between the two, so I found this particularly interesting.
Why Are Oil Prices Falling?
Lynne Kiesling I have my ideas, but instead you should read this outstanding and clear post from Jim Hamilton at Econbrowser. He does a superb job of analyzing the macroeconomic factors that intersect with other commodity market drivers.
Governing the Commons: Roommates Sharing Milk
Lynne Kiesling This past weekend in his Dear economist column in the Financial Times, Tim Harford takes on the question of how to minimize free riding among roommates who share a refrigerator. Seven students share a house, but only three buy milk; the other four free ride on the others, with no repurcussions: Free riding …