I strongly recommend reading Alex Tabarrok’s short e-Book Launching the Innovation Renaissance, which I will blog on shortly. Professor Tabarrok blogs it a little today, here is the entire thing: We like to think of ourselves as an innovation nation but our government is a warfare-welfare state. To build an economy for the 21st century […]
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Posted in Environment, Price System on Jan 27th, 2012
That’s my name for the theory that proponents of natural capital accounting use about how economics works. In a recent paper discussing the value of natural environmental amenities and how free-markets are totally predisposed to reducing these stocks to zero over time, the following argument come up twice. It is that when market priced goods […]
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Posted in Institutions on Jan 27th, 2012
My former governor Deval Patrick, in comments in response to Bruins’ goalie Tim Thomas’ refusal to see President Obama, says that “”It just feels like we are losing in this country basic courtesy and grace.” Gee, how to respond to this … I think if Mr. Patrick revisited our history he might be astonished at […]
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