Lynne Kiesling From Fey Accompli: the problem with command and control-style government, or central planning, is that planners fool themselves into thinking that they?re responsible for each new cell in the growth of the potato, and if they?re not, then they should be. they suddenly become patholigically risk-averse. what if some of them grow weird …
Lynne Kiesling Henry Hazlitt’s seminal text Economics in One Lesson is now fully available online. It’s a clear, straightforward articulation of basic economic principles. Thanks to the Foundation for Economic Education for doing so, and to Mahalanobis for the tip.
Michael Giberson Business Week has posted a story on neuroeconomics. The theme: “By linking economic behavior to brain activity, however, neuroeconomics may finally supply the model that knocks mainstream economics off its throne.” Or maybe, as the article concludes, the neuro approach will just give economists more to argue about for years to come. Well …
Lynne Kiesling According to documents that the Guardian accessed through freedom of information access, Queen Elizabeth and Prince Charles received over GBP1 million in EU agricultural subsidies over the past two years. Remind me again of how subsidies help the poor, struggling small farmer …? Hat tip to Matt Welch at Hit & Run. UPDATE: …
Lynne Kiesling Been busy and doing my best Gumby stretched-in-all-directions impersonation … but have updated the links list on the left. Please note the additions of (in no particular order) Fey Accompli, The Sports Economist, Mahalanobis, Economics Roundtable, Peak Oil Optimist, IP Central, and The Eclectic Econoclast.
Lynne Kiesling No, it’s not 2001 again (thank goodness). But the Pacific Northwest has had a very dry winter, with almost no snowpack to speak of and little rain, so the reservoirs that power the hydroelectric plants that provide California with a good chunk of its power are going to be hard pressed to do …
Lynne Kiesling Russ Roberts has an absolutely wonderful essay at Caf? Hayek. Russ uses a recent FedEx transaction, and how sure he was that his package would arrive unmolested and on time, as a starting point: My lack of worry at FedEx is different. It can’t be trust. There are too many people touching my …
Lynne Kiesling A bill pending in the Texas Senate would open up the market for broadband over power lines in the state, according to this Ft. Worth Star Telegram article from Monday. Note in this excerpt that the issue of who pays for the service and why they pay for it is present, as it …
Lynne Kiesling Russ Roberts was just on NPR with Barry Schwartz, the “choice is debilitating” Swarthmore psychologist. In his gentle, intellectual, nonconfrontational way, Russ spanked him. Russ’s arguments were a powerful combination of focus on the positive and focus on the core, essential point: individuals should always ask themselves “who gets to choose for me?” …
Lynne Kiesling Through Fey Accompli I found Peridot Capital, who had a post yesterday on fuel costs that hits some of the same themes as I mentioned earlier this morning. Amazingly, American Airlines has hedged only 15% of its fuel costs for the first quarter of 2005. With oil futures hitting a record $57 per …
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