There’s been a lot of discussion and analysis lately of fisheries and fishery policy. In many ways fisheries represent the quintessential “tragedy of the commons” (or what I prefer to call “tragedy of open access”) because treating fish populations as an open access resource has led to overfishing of many species as human populations have …
So it looks like Stephen Bainbridge and I crossed in the air over Colorado somewhere. Two things: 1. Honey, why ya still flying United? 2. He says he couldn’t live here because he’d miss the LA sun. Every time I spend a weekend in LA I am glad to get home to Chicago. In addition …
Revealed Preference: Kiesling Chicago, Bainbridge La Read More »
COTC this week is up and running at Venturpreneur. Have fun!
Here’s a great source for the next time you run into an apocalyptic, Doomsday-predicting naysayer: a detailed summary of the famous bet between Julian Simon and Paul Erlich. Punch line: prices reflect scarcity. Human creativity and ingeneuity, expressed through technological change, can push back the bounds of scarcity, even in resources that are technically nonrenewable. …
By now everyone’s read Virginia’s Economic Scene column from Thursday, but I wanted to chime in with my two cents because her argument, and Erik Brynjolfsson et. al.’s research on online commerce, are at the core of my arguments for market-based retail choice in electricity. Online shoppers are not just buying the same stuff for …
There’s been lots of talk lately about malaria and DDT. As an addition to that thread, I recommend this National Review article by Jennifer Zambone on malaria prevention. Her argument is that investing in malaria prevention in Africa will pay off many times over.
Recently, Eszter at Crooked Timber asked where people go in the morning for news. I start at Google News, then Yahoo Financial News, then The Daily Show With Jon Stewart. Then it’s off into the energy trades for me …
Here at the Admiral’s Club, read the paper on the train here … the front page article on what American retailers can learn from British retailers (subscription required) is very interesting. It only obliquely refers to one challenge facing American department stores, particularly in large cities — lots of people, women especially, can buy similar …
I’m off later this morning to a Liberty Fund conference on the works of Armen Alchian. Posting as possible. But heck, I’ll be in Santa Monica, right near the beach. Nothing personal, but …
Here’s an interesting story about Netflix, complete with an inane quote from “choice paralyzes us” Barry Schwartz. I love Netflix. What Schwartz and the other choice nannies in the world fail to appreciate is that having this choice, while increasing my options, makes my life so much more relaxed and my entertainment options so much …
Copyright © 2022 Knowledge Problem Archive