Lynne Kiesling I have a new paper that may be of interest to KP readers, since the subject of the paper is the same as the name of this site: Knowledge Problem. I am honored to have been invited to contribute this paper to the forthcoming Oxford Encyclopedia of Austrian Economics (Peter Boettke and Chris …
Lynne Kiesling I found some things striking in yesterday’s SOPA/PIPA protests. One was Jim Harper’s clear and cogent statement that the Internet is not a thing, it’s a set of protocols stipulating how computers communicate with each other. That set of protocols is a platform, and those protocols are not the government’s to regulate. Jim’s …
Sopa/Pipa Protests and the Economics of Content Market Power Read More »
Lynne Kiesling I am a big fan of English renaissance choral music, particularly sacred polyphony from Tallis and Byrd (and stretching back to Taverner, but he’s not as distinctively polyphonic). One of the best ensembles performing such music is Stile Antico, a group of 13 British singers who do an outstanding job with this music, …
Lynne Kiesling As is the vernacular these days, your response to the title of this post is probably “I know, right?” Or, if you prefer sarcasm, you may say “no, really?” This is the conclusion of an all-too-rare piece of investigative journalism from Dan Garino at the Columbus Dispatch: Ohio’s unique system for setting electricity …
Breaking News: State Regulatory Procedures Do Not Favor Consumers Read More »
Lynne Kiesling Pale Rider is one of my favorite Clint Eastwood movies. One of its central themes revolves around classic property rights concepts in a community of miners that includes a number of small pan miners and a family that has built a larger, hydraulic mining operation that essentially uses pressurized water to blast rock …
The KP Chicago contingent is still on vacation, barely recovered from the end-of-term rush and grading, and the KP Texas contingent is still head-down-pen-moving over the aforementioned grading; thus the relative calm here. In the interim, I cannot recommend highly enough David Henderson’s recounting of his talk at Occupy Monterey. David’s notes contain substantive and …
Lynne Kiesling Steve Horwitz’s column in The Freeman today is a great explication of why the phrase “market failure” is so problematic, and so often misused and abused in public policy analysis when employed to criticize market outcomes. Steve does a good job of explaining the origins of the phrase in the standard textbook case …
Lynne Kiesling Alex Tabarrok has an excellent post this morning at Marginal Revolution: David Warsh and Paul Krugman try to write Hayek out of the history of macroeconomics. … It is true that many of Hayek’s specific ideas about business cycles vanished from the mainstream discussion under the Keynesian juggernaut but what Krugman and Warsh miss is that …
Lynne Kiesling John Whitehead already mentioned our joint AERE/USAEE session at the SEA meetings last week. It turned out well, a combination of carbon offsets analysis and electricity market design experiments. Rim Baltaduonis from Gettysburg College presented two different, interesting experimental papers, one on designing rules for enabling contracts for carbon sequestration in soil (which …
Lynne Kiesling This video of a talk from British marketing expert Rory Sutherland is well worth 27 minutes of your time, especially if you are in any way associated with the electricity industry or its regulation. He uses insights from Ludwig von Mises to explain how human subjective and contextual valuation of alternatives can help …
Copyright © 2022 Knowledge Problem Archive