Lynne Kiesling Don Boudreaux has a post on prices as the great equalizer that’s is very important. After looking at two of the different ways of rationing stuff (queuing and family connections), Don points out that One great advantage of rationing by market prices is that they reduce to a minimum the role of arbitrariness. …
Lynne Kiesling Six degrees of Harry Potter … I think for British actors it should be changed to two degrees, which is apparently sufficient … So last night the KP Spouse and I were trolling the tv after dinner/Cubs WIN in Montreal, and we caught the last hour and a half of The End of …
Michael Giberson One of the things that “everyone recognizes,” at least if you accept the conclusions of numerous government statements on the blackout, is that reliability rules for the grid must be made mandatory. An alternative approach is suggested in an editorial piece appearing in Power Engineering (Free registration required): The investigation into [the Three …
Alternatives To Mandatory Rules For The Electric Grid? Read More »
Lynne Kiesling Thanks to Tyler Cowen for this post about betting on physics research. I love the quote he pulled, and that the researcher is willing to go 6-1 on the Higgs particle. I’ve long thought that Robin Hanson was right, and that people putting money on things (i.e., walking the talk) would enhance our …
Lynne Kiesling I’m at the airport, on the way to give a talk at the Dallas Fed on a recently-completed research paper. Shall we start the pool on how many minutes late my flight will be tonight? Or should I say hours?
Lynne Kiesling Congratulations to the U.S. women’s soccer team, which won the gold medal on Thursday in Athens. The last five of the leading players from the 1991 World Cup team are retiring after this game. I think C. W. Nevius in the San Francisco Chronicle got it right when he wrote about the silent …
Lynne Kiesling In the comments to my recent post on high heels, dmoss asked when high-heeled shoes became fashionable for women. I seem to recall some archeological evidence of high heels in Egyptian culture, but I can’t document it. I did, however, find a link to shoe research and shoe museums, with some documentation of …
Lynne Kiesling Micha Ghertner had a post commenting on the programmer who outsourced his own job to India. This is a great example of the value creation of mutually beneficial arrangements. It’s so great, in fact, that it reminds me of one of the canonical examples of such ingeneuity, from Adam Smith: But in consequence …
Michael Giberson In the comments responding to my post Consulting the Oracle, discussion has centered around the increasing invisibility of information not made available online. In a response I speculated that, “because internet searching can give so much return for so little investment, a trip to the library or even cracking open a book can …
Lynne Kiesling This cute article from Sunday’s Washington Post is an overview of the depth and variety with which we’ve been experiencing our love of Jane Austen, at least for the past century. For the most recent upsurge the author credits Colin Firth’s portrayal of Mr. Darcy in the 1995 BBC production. While I am …
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