Lynne Kiesling At the Atlantic’s newish business web site, Greg Clark has a very good post on the history of government spending in Britain. He starts in the early post-Magna Carta period: In England, for example, from the Magna Carta of 1215 until the Glorious Revolution of 1689, public debt was always tiny — a …
An Economic History Lesson on Fiscal Responsibility Read More »
Lynne Kiesling I am co-organizing an event called GridEcon in Chicago, 16-17 March 2009. GridEcon is in the suite of events that the GridWise Architecture Council co-sponsors, including GridWeek, Connectivity Week, and Grid-Interop. GridEcon has come about because we think that the policy and business discussions have moved beyond the technical interoperability issues that have …
Lynne Kiesling In 1983 Bruce Yandle wrote an influential article in Regulation, “Bootleggers and Baptists: The Education of a Regulatory Economist”. His model explains how two parties with seemingly incongruent values can come together to get a regulation passed that meets the objectives of both parties. In the bootlegger and Baptist case, both parties benefit …
The Continuing Relevance of the Bootlegger-And-Baptist Model Read More »
Lynne Kiesling [sorry for the pun-ed.] In doing my morning reading I find posts at EconLog from both Arnold Kling and David Henderson that are in line with my thoughts on government bailouts and increasing anger and frustration. Arnold says Starting last September, our country has gone through six months that shook the world. We …
Lynne Kiesling Count me in as a taxpayer, mortgage holder, and economist who thinks that the Obama mortgage bailout program is bad policy-it’s expensive with little obvious benefit, it creates bad incentives and ex post rewards bad decisions (bad decisions that were abetted by bad government policy), and it’s morally reprehensible. Peter Klein’s remarks on …
Lynne Kiesling I’m pleased to report that EcoAlign, the marketing arm of the Distributed Energy Financial Group, has issued a white paper I wrote, “Markets, Technology and Institutions: Increasing Energy Efficiency Through Decentralized Coordination”. From the press release: EcoAlign, a strategic marketing agency focused on energy and the environment, has released the second report in …
A New Paper from Me: Increasing Energy Efficiency Through Decentralized Coordination Read More »
Lynne Kiesling I just participated in distributed information newsmaking history, and it’s really, really cool. A little background: I’ve been on Twitter for a few months, initially as a way to talk with a couple of friends. But then I found Team Slipstream and Lance Armstrong on Twitter, and from there just kept adding cyclists …
Lynne Kiesling I hope you’ve all seen P.J. O’Rourke’s Financial Times column from last week on what Adam Smith would have to say about our current economic and financial events. Adam Smith was one of the most astute observes of human nature ever, and applied those insights well to analyses of incentives and political institutions. …
Lynne Kiesling Just a quick note because I am teaching at a workshop for judges … Google announced today that it is entering the smart grid space, as discussed in this CNet article: The driving idea behind the Google PowerMeter iGoogle gadget–and nearly all smart-grid companies–is that giving consumers access to more detailed home energy …
Google Enters Smart Grid; Will They Pass the Transactive Test? Read More »
Lynne Kiesling Why has there been very little discussion here at KP of the so-called stimulus debates and legislation proposals? I am not a macroeconomist, so I don’t have any specific expertise in the nuances of monetary or fiscal policy’s effects. I also don’t like the general tone that the online debate has taken; enough …
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