Tom Palmer has a paper on popular market myths (HT: Tyler Cowen) and towards the end sounds a little caution about eulogising over markets too much. I thought about that paper when I read Tim Worstall’s post on elephant poaching.
Tim suggests that decriminalising the ivory trade would lower ivory prices and thus reduce the incentives […]
Organic food can be bad for the environment. One of my first posts was about the expected rail against Tesco’s soaring profits. The relevant part of the post:
Supermarkets fly in strawberries from Africa in December, thus polluting the environment. We should stick to local and seasonal
Firstly, shops sell what we want and if you want […]
The former Chancellor is not convinced.
Lord Lawson told MPs: “One of the oddities of this whole field is that you apply weather forecasting to economic forecasting to demographic forecasting, you pile uncertainty on uncertainty and then apparently you come to a certain conclusion of what we should do.
But that criticism would apply to any proposal, […]
An entertaining debate ensues over at The Economist, and in the comments at Marginal Revolution over whether the implications of applying of a zero discount rate in the Stern Report for the issue of abortion. Can it be consistent, asks the economist:
I am still chewing over the full import of the moral intuition that people […]
Janet Daley worries that combating environmental damage through taxation of pollution, may re-create a class divide that technology has helped destroy.
If politicians are planning restrictions on these “polluting” aspects of private life, to be enforced by a price mechanism, they had better accept they will be reconstructing a class divide that will drastically affect the […]
The purchase of residential wind turbines is proving popular, but as this story highlights, this may not be the best way to be green.
Except if all you’re interested in is looking green then it may be the right thing to do. As with supporting a charity, for many people it’s which charity they support, and […]
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