Lynne Kiesling James Hamilton’s got a really nice discussion of a new House energy bill. His discussion highlights some aspects of the business of oil refining that I didn’t go into in my recent WSJ Econoblog, the most important of which being that petroleum refining just isn’t that profitable, on average. This House bill is …
Lynne Kiesling Thanks to Brian Micklethwait at the Adam Smith Institute for introducing me to the Private Sector Development Blog at the World Bank. Lots of great market-based development commentary.
Lynne Kiesling As I mentioned, John Irons and I are this week’s Econobloggers at WSJ Online. It’s free for all readers, and there is also a free discussion area where Journal subscribers and nonsubscribers alike can post their thoughts. I’ll probably have some more running commentary and thoughts here, which I will probably cross-post in …
Lynne Kiesling Snaps to Mr. S&M for his post on the recently-renamed Adam Smith College, and the student union’s displeasure at being associated with said gentleman because of his support of “greed”. You really must read it to get the full flower of the dry wit. His conclusion, biting as you would expect: Hardly an …
Lynne Kiesling I’ve been so busy that I’m late to the game, but Kevin Brancato’s reponse to President Bush’s inveighing us to drive less is bang on. Furthermore, Mr. President, I will not pretend that you have legal or moral authority to tell me how much gasoline I may purchase. I will not pretend that …
Lynne Kiesling Congratulations to Dennis Sullivan, my former undergrad professor (to whom I owe my undying gratitude for, among other things, having me read Sen’s Paretian liberal paradox argument), who has been named the 2005-2006 Miami University Alumni Association Effective Educator. I concur; he’s been an inspiration to me for (gaack!) decades, both in and …
Lynne Kiesling For you KP readers who don’t eat, sleep and breathe electricity policy, this new blog called Adam Smith Lives! might be more to your taste. Written by Sandra Peart, a historian of economic thought, it is a good read that puts a lot of great shape and nuance on the history of economic …
Lynne Kiesling In his last column in Technology Review in December 2004, Michael Schrage talked about the importance of the diffusion of innovation. He made a lot of very trenchant observations, including The challenge for policymakers and populations alike is how to cope with the pervasive-and perverse-consequences of ever more people gaining access to ever …
Lynne Kiesling I am teaching environmental economics this fall, and Tuesday was our first day of class. As I have structured the class, it focuses on common-pool resource allocation decisions. So I typically start the class with the example of a river, which I draw on the board. I ask students to name the different …
Lynne Kiesling Many thanks to jeffrey.d for alerting me to the letter signed by eight governors asking for a federal gasoline pricing probe, and possible refunds of “excess profits” (remind me to add that to the list of economic non-concepts, right behind “price gouging” and “windfall profits”). The WaPo article mentions a study by Don …
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