My colleague Bob Poole also wrote a Reason study released yesterday in which he recommends expanding the number of airports allowed to opt out of the fully federalized security model that is already failing. Several members of Congress have supported the study, most notably John Mica of Florida, who is chairman of the House Transportation …
Reason Recommends Expanding The Airport Screening Program Read More »
Through my colleague Bob Poole I learned about Baggage Direct, which will pick up your baggage 12-24 hours before your flight, and deliver it to your destination. As with most things, this is good news and bad news — entrepreneurship and human ingeneuity are thriving, but it will cost us, and that cost is the …
In Great Questions of Economics, Arnold Kling always asks important questions that plumb the nuance and power of economics. In this post he raises the issue of intellectual property, specifically with reference to media. I think he’s right about our current ugly transition from a mass media era to a distributed media era, and how …
Tech Central Station also ran an article on carpooling by Bob Poole, my colleague and the founder of Reason Foundation. Bob describes the flaws in carpooling, HOV lanes, and how we could improve our commute times by making them toll lanes instead. A very interesting read.
This OpinionJournal editorial lays it out. I especially like: Of course, the idea of opening our market to imports has plenty of enemies–such as steel, textile and agriculture industries. And there is lots of political hay to be made by representing these interests. But the economics are clear: Imports offer American consumers more choice, higher …
Common sense and good advice from the reliably sensible Dan Gillmor.
It’s a mind-boggling insight that has transformed the way that (at least some of us) do economics. Megan McArdle has an outstanding description of the Coase Theorem and how it relates to spam. She points out something that usually gets lost in how people discuss and, gasp!, teach the Coase Theorem — in order to …
Here’s an interesting New York Times article (registration required) from Sunday on BP’s Marlin deep-water oil drilling platform in the Gulf of Mexico, and the economics of its being worth pumping. Very worth a read if you are interested in the economics of world oil markets.
I am leaving today for a week-long conference on the works of Adam Smith. There’s so much more to him than the “invisible hand” that most people associate with him, and this week will give me a chance to dig into all of that. I’ll post as possible.
Yesterday Joanne Jacobs posted a quote from Adam Smith on education and teacher retention. Just to add to what Joanne said: Smith experienced what he considered to be the worst of incentives when he attended Oxford University, where the faculty droned on and on and on, and didn’t seem to care whether the students were …
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