Michael Giberson Apparently, the Washington Post thinks is it newsworthy that economists can?t foretell the future. In a story headlined Economists Uncertain of Energy Costs? Impact, the Post reports that economists agree that higher energy costs in recent weeks dampened economic growth, but economists are not sure what the economy will be doing in the …
Lynne Kiesling Dave at No Illusions has a follow-on post to my recent post on German economic regulation. He offers further examples, and they don’t make me any more sanguine.
Lynne Kiesling David Farrer at Freedom and Whisky (two of my favorite things!) has written some good posts over the past week about the upcoming UK elections. His most recent post on the subject highlights the divide between small-l-liberals and conservatives on social policy, and between small-l-liberals and Labour and Liberal Democrats on economic policy. …
Lynne Kiesling One thing I forgot to mention in my post about Hamburg’s Fischmarkt is how heavily regulated it is. Not in terms of prices, but in terms of opening times. This is a prevalent form of regulation in Germany. The Fischmarkt opens at 6 AM Sunday, and at 9:30 a bell starts to ring, …
Lynne Kiesling We here at KP are a bit in the futurist optimist vein, so we pay attention to fuel cell technologies. One of my personal favorites is work to commercialize small methanol cartridges for use in phones, PDAs, and other small devices. So my instant thought when I saw this article on the development …
Lynne Kiesling I visited old friends in Hamburg over the weekend. On Sunday morning we went down to the Fischmarkt, the traditional old fish market in the harbor. Hamburg has a long history of prosperity from the fishing industry and from shipping; it was notably one of the cities with merchant associations most prosperously involved …
An Interesting Auction Institution in Hamburg’s Fischmarkt Read More »
Lynne Kiesling Here’s a nice post on energy prices at Macroblog (and he’s even one of my homies, who knew?) that is worth a read. Yes, as he points out, oil importing countries do see the increase in oil prices as an inward shift in their supply curve. But it’s also true that, unlike the …
Lynne Kiesling I have taken advantage of the relative liberty and calm of the past three days to work on an overdue paper with a co-author, to whom I owe my share of the work. The question is this: in a physical network that retains some natural monopoly characteristics while some of the rest of …
Ownership Structures As Alternatives To Traditional Regulation? Read More »
Lynne Kiesling Some of you KP readers may be saying “who’s this Hayek guy that she’s always on about?” Well, yesterday in the course of looking for something else I found (via Google) that Roger Garrison’s entry on Hayek in the New Palgrave Dictionary of Economics (1987) is available online. It’s part biography, part intellectual …
Lynne Kiesling At the south end of the Luxembourg Gardens in Paris there are three stretches of grass. As you would expect with the Cartesian rationality symmetry inherent in French landscaping, the larger rectangle of grass faces the exact middle of the Palace. The two slightly narrower rectangles are the same length as the middle …
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