Feed on
Posts
Comments

Tag Archive 'waste'

Consumption (Non)-Smoothing, Scale Economies, Christmas and Sustainability

Posted in Extended Order on Dec 14th, 2016

As seasonal as the first snowfall of the year, or the smell of the crackling wood fires coming from a neighbor’s chimney, the myriad articles telling us how wasteful the Christmas season and holiday season is are an essential and memorable part of each and every December. Here is the (seemingly innocuous) latest from our […]

Read Full Post »

Wasteful Waste vs. Productive Waste

Posted in Economics 238W, Environment, Extended Order, Institutions, Price System, Property Rights, Resources, You Can't Have it Both Ways on Jun 28th, 2012

George Stigler, I think, once quipped, "If you never missed a flight in your life, you've spent too much time in an airport." While there is much wisdom in this observation, I would recommend not taking it too seriously. We like to get to airports early so that we do not miss our flights. There […]

Read Full Post »