gains from trade

Planet Money’s T-shirt Project

Lynne Kiesling [youtube=http://www.youtube.com/watch?v=IYO3tOqDISE] Are you a fan of Leonard Read’s I, Pencil (see video above)? Hayek’s argument the “The Use of Knowledge in Society” about how prices coordinate the decisions of anonymous individuals with diffuse private knowledge? Adam Smith’s tale of the making of a woollen coat? Pietra Nivoli’s book on the global travels of …

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If Truth is What Your Freshmen Students Let You Get Away With, Then…

Michael Giberson What do we owe the status quo? Uwe Reinhardt, Economix, asks “How convincing is the case for free trade?” In his column, Reinhardt takes note of a few discussions of free trade without taking a stand himself. But he ends with a provocative quote from Alan Blinder: “If we economists stubbornly insist on chanting ‘free trade …

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U.S. Companies Getting into the Lng Export Business

Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability.  Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, …

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Tres Amigas Transmission Link Overview at Alt Energy Stocks

Michael Giberson I put together an overview of the Tres Amigas LLC proposal for Alt Energy Stocks, published today: “Tres Amigas Proposes Three-way Transmission Link.”  (Tres Amigas proposes to build a three-way transmission link between the Eastern Interconnection, the Western Interconnection, and the Texas Interconnection.) The only company mentioned in the summary with a stock …

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Tres Amigas Project Proposes to Connect Eastern, Western, and Texas Power Grids

Michael Giberson A high-profile, high-technology power project is making waves well beyond the small town of Clovis, New Mexico, where it has secured land for development. I’ve been telling my students and anyone else I can induce to listen to me for a few minutes (i.e., mostly just my students) that my new hometown of …

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