All Posts Tagged With: "externalities"
Some Sins of Textbook Economics
People who are ignorant of economics are susceptible to all sorts of misunderstandings. Fortunately knowledge of even just the basics of sound economics is a powerful inoculant against many dangerous falsehoods and half-truths. This fact, however, does not imply that exposure to more economics is necessarily good. The sad reality is that economists too often [...]
4Jan2012 | Donald J. Boudreaux | 12 comments | ContinuedNuclear Energy Should Be Subsidized?
In a March 5 Los Angeles Times op-ed, “Jump-starting Nuclear Energy,” Greenpeace founder Patrick Moore, who now co-chairs the Clean and Safe Energy Coalition, lauds the Obama administration for its decision to “guarantee loans for two advance-design nuclear plants in Georgia.” Nuclear energy diversifies our energy portfolio and doesn’t pollute the air the way fossil [...]
20May2010 | Art Carden and Mike Hammock | 9 comments | ContinuedBook Reviews – March 2008
- Myth of the Rational Voter: Why Democracies Choose Bad Policies
by Bryan Caplan Reviewed by Dwight Lee - The Science of Success: How Market-Based Management Built the World
1Mar2008 | George C. Leef | 1 comment | Continued
The Anatomy of Economic Advice, Part III
In the first article of this trilogy we explored some of the ambiguities and difficulties that surround the very idea of “economic advice” based on economic science. In the second article we set forth some of the basic foundations of economic science (with special reference to what the science can teach us about what we called the “benign” character of the spontaneous market process).
1Oct2006 | Israel M. Kirzner | 0 comments | ContinuedEnergy Taxes and the Pretense of Knowledge
“The current net tax per gallon [of diesel fuel] is 13 percent of the price, while the environmental cost per gallon is 50 percent of price. The tax on this fuel could be raised substantially to promote its efficient use.” 1 Typically economists oppose excise taxes on the grounds that they distort market prices and [...]
1Oct2001 | Roy Cordato | 0 comments | ContinuedIn Defense of Grocery Coupons
Bill Field is a professor of economics at Nicholls State University in Thibodaux, Louisiana. We’ve all had this aggravating experience: rushing through the grocery store to finish our shopping, hurriedly looking for the shortest line, congratulating ourselves as we get in a line with only one lady in front of us, and then wanting to [...]
1Mar2000 | Bill Field | 1 comment | ContinuedExternalities and the Environment
Ms. Santoriello is a student, and Dr. Block a professor of economics, at the College of the Holy Cross in Worcester, Massachusetts. We operate under a free enterprise economic system that produces plastic milk jugs and redwood picnic tables. The market is therefore responsible for such environmental problems as too much plastic trash and too [...]
1Nov1996 | Andrea Santoriello | 1 comment | ContinuedThe Ownership And Control Of Water
Editor’s note: “What is the libertarian philosophy concerning ownership, control and use of water resources?” asks a professor who is studying the subject. That is about as tough a question as has ever been thrown at F.E.E.—a problem to which we’ve given little, if any, attention. But what an opportunity for a libertarian to test [...]
1Nov1955 | Alexis De Tocqueville | 2 comments | Continued-
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