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Daily Archive for October 31st, 2012

Reasonable People: Environmental Policy and Carbon Taxes

Posted in Environment, Institutions, Price System, Property Rights, Regulation, Uncategorized on Oct 31st, 2012

A logical first topic to connect the new Reasonable People series to my earlier posts on carbon taxes: what might a reasonable person advocate? At minimum the “no regrets” price for carbon is appropriate but probably the ideal is likely the median damage estimate among studies published in reputable journals. Deep uncertainty about the extent, effects, […]

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The Social Responsibility of Business is to …

Posted in Behavior, You Can't Have it Both Ways on Oct 31st, 2012

Increase dependence? Promote “affuluenza?” I didn’t say that of course. When we have a short discussion in class on the difficulty of applying the ethics of a family to the typical (extended) market order, we end up discussing the social responsibility of business. When the question of whether it is “OK” for businesses (publicly traded […]

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