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In a groundbreaking new study in the  B.E. Journal of Economic Analysis & Policy, Matthew A. Cole and Rob J. Elliott find that:

Environmental regulation costs are not found to have a statistically significant effect on employment whether such costs are treated as being exogenous or endogenous. We therefore find no evidence of a trade-off between jobs and the environment.

I wonder what they mean by “the environment”?  Also, in Econ 101 we teach that there are literally hundreds of other margins to be moved upon, not just employment. It will be interesting to see how many people now believe there is a consensus that environmental quality is costless.

3 Responses to “Refuting the Law of Demand? Think Again!”

  1. 606876 679339Bereken zelf uw hypotheek. Hypotheek berekenen? Maak snel een indicatieve berekening van het maximale leenbedrag van uw hypotheek. 141765

  2. rca77 says:

    724339 752917Yesterday, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone! 887591

  3. 235039 872466Lovely sharp post. Never considered that it was that straightforward. Praises to you! 145245

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