Mnuchin vs. Thunberg vs. Neoclassical Economics

Environmental Economics

Last week Treasury Secretary Steven Mnuchin insulted climate activist and Time Person of the Year Greta Thunberg by claiming that she shouldn't talk about climate policy before studying economics and college. 

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Teaching environmental and resource economics: A bibliography

Environmental Economics

"Experience with scripted role play in environmental economics." " The Journal of Economic Education 30, no. The Journal of Economic Education, 37(2), 187-201. " The Journal of Economic Education 33, no. games for college economics." " Journal of Economic Surveys 15, no. " The Journal of Economic Education 51, no. "Teaching environmental economics." " The Journal of Economic Education 4, no.

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Gamefish economics

Environmental Economics

893, “The 2013 Fisheries Economic Development Act,” is to designate red drum, spotted sea trout and striped bass as coastal gamefish. Some more commercial vs recreational battles: A new bill is before the General Assembly that would make three fish species gamefish, raise fishing license prices and provide funds for state fishing observers and dredging. One of the four actions proposed in the bipartisan bill, filed Wednesday by four inland county representatives and titled H.B.

Sacred Economics

The Green Changemakers

Economics Economy Gift-Economy

2020 52

The economic value of an economics major.

Environmental Economics

measurement may become more difficult: When  research in 2011  showed that workers in the fields of science, technology, engineering, and mathematics earned a premium of 25 percent over other workers and have just a 5.5-percent unemployment rate, it reinforced strong economic incentives to get more people into those STEM fields. "Why it Pays to Major in Economics." " The Journal of Economic Education 45, no.

The Economic Impact of Birding on National Wildlife Refuges: Creating Local Jobs

10,000 Birds

Fish and Wildlife Service (FWS) attempts to calculate the economic contribution of National Wildlife Refuge visitation to local communities. These reports (called “ Banking on Nature “) are relevant to birders because they are among the few comprehensive analyses that relate to the economic impact of birders on national wildlife refuges, which are among the more popular birding locations. This spending supports economic activity throughout the local economy.

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Nature is hiring an environmental economics editor

Environmental Economics

I'm looking forward to hearing who gets hired for this job: Nature, the international weekly journal of science, seeks to appoint an editor specializing in Environmental/Energy Economics to further our aim to publish the world’s best original research linking social sciences – including economics – to the physical and biological processes important to society.

2019 122

New Energy Economics book

Environmental Economics

Energy Economics  By Peter M. From the publisher: Energy Economics outlines the fundamental issues and possible solutions to the challenges of energy production and use, and presents a framework for energy decisions based upon sound economic analysis. It considers market forces and policy goals, including economic prosperity, environmental protection, and other considerations that affect societal well-being. Schwarz.

Standards vs economic incentives

Environmental Economics

Erik Paul Johnson in Resource and Energy Economics: Renewable portfolio standards (RPSs) have become a popular tool for state governments to promote renewable electricity generation and to decrease carbon dioxide emissions within a state or region.

Beach economics

Environmental Economics

Why do my kids look at me like I''m stupid when I tell this joke? The central bank must have increased the money supply. These sand dollars are worthless. I can''t even get a cup of coffee with these stupid things

New editor at Land Economics

Environmental Economics

Bromley assumed the editorship of  Land Economics  in 1974, the journal had just celebrated fifty years of continuous publication. Bromley is the Anderson-Bascom Professor (Emeritus) of Applied Economics at the University of Wisconsin–Madison and recipient of the 2011  Reimar Lüst Prize  from the Alexander von Humboldt Foundation. Now, forty-four years later, as  Land Economics  approaches its centennial, Bromley will pass the baton to Daniel J.

2018 109

Spot the bad economics

Environmental Economics

Some really bad economics here.but none so egrigious as that at 2:34. See if you can spot the problem.and Peter Schiff sure comes across as a-hole. UPDATE: When I posted this the first time, I admit, didn''t watch all the way to the end. Peter Schiff isn''t an a-hole. He''s a full-fledged d

Bourbon barrel economics

Environmental Economics

From the inbox: Bourbon Feels the Burn of a Barrel Shortage by: Tripp Mickle May 12, 2015. TOPICS:  Supply and Demand. SUMMARY:  Distilleries are navigating a bourbon-barrel shortage, as increased demand for the drink coincided with reduction of logging of the white oak wood. Prices of barrels are up sharply. The shortage reflects a supply-chain conundrum.

Environmental economics in the AER

Environmental Economics

"  American Economic Review , 105(2): 678-709. Always a surprise: Currie, Janet, Lucas Davis, Michael Greenstone, and Reed Walker. 2015. "Environmental "Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings."  DOI:  10.1257/aer.20121656. Abstract. Regulatory oversight of toxic emissions from industrial plants and understanding about these emissions' impacts are in their infancy.

World Cup economics

Environmental Economics

However, analysts warn that the World Cup likely won’t provide any long-term economic stimulus, when the additional revenue won’t reach the levels needed to sway a $2.2 Brazilians aren’t all that impressed with the economic impact of the games, either.

Identity Economics and Environmental Policy

Environmental Economics

I recently got around to reading the 2010 book " Identity Economics: How our Identities Shape our Work, Wages, and Well-Being ," by George Akerlof and Rachel Kranton.    It is a lay summary of some of the work that Akerlof and Kranton have been doing to incorporate identity and social norms into economic modeling of decision-making.    Someone should write a paper, I decided, incorporating identity economics into a model of optimal externality policy.

2018 100

Tweet from Ninja Economics (@NinjaEconomics)

Environmental Economics

Ninja Economics (@NinjaEconomics). 1/3/15, 5:36 PM. "Twitter "Twitter for Economists" by @JustinWolfers: users.nber.org/~jwolfers/pape…. ASSA2015. Download the official Twitter app here. Sent from my iPhone

Some college football economics

Environmental Economics

Sigh: With Kentucky football off to a spirit-crushing 0-2 start, the $12 million contract buyout that it would take to remove Mark Stoops as UK head coach after this season has garnered national focus. Were UK to change its coaching staff following the 2016 season, it could cost far more than $12 million, however. The only thing that would justify paying a coach $12 million — and, potentially a coaching staff almost $18 million — not to work would be a complete competitive collapse.

Sargassu--A Potential Economic Disaster?

Environmental Economics

No one is sure of the cause--many have been offered: climate change (dang coal), excess nutrients run-off (dang farmers), oil dispersants used for the BP/Deepwater Horizon spill (dang BP)--but one thing is fairly certain: Given the quantities, the unpleasantness and the widespread nature of the problem, prolonged exposure is likely to have significant economic consequences for tourism driven economies in the area.

The Conservative Bias in Economics?

Environmental Economics

Mark Thoma on "the conservative bias in economics": I have a new column: Yes, Nick Kristof, There Is a Conservative Bias in Economics : Nicholas Kristof recent reignited  the debate over liberal bias in academia with his claim that “universities risk becoming liberal echo chambers and hostile environments for conservatives.” What is needed is for public opinion to be tethered to the mainstream of economics

"Economic Ideas You Should Forget"

Environmental Economics

This is a from a chapter in a book edited by Bruno Frey and David Iselin titled Economic Ideas You Should Forget :  Contingent Valuation, Willingness to Pay, and Willingness to Accept. Victor Ginsburgh. Abstract. Contingent

Regression, Economics and Theory-Crafting

Environmental Economics

When you sit down and read your average economics paper you generally know what's coming in terms of statistics.    I'm sure I'll get some comments mentioning Hal Varian's paper on machine learning and economics or Matthew Jackson's work with networks, but these seem to be exceptions rather than a trend.  I apologize ahead of time for the rant that's ahead. 

Trickle down economics

Green (Living) Review

economics lies trickle down economicsHow we are told it works and how it actually works by Michael Smith (Veshengro) We are often told that the trickle-down economy works like a pyramid of glasses and when the top one is filled and overflows the others below are filled up and when they overflow the ones lower down. The reality, however, is a rather different one, as shown in the graphic.

Environmental Economics: Congratulations Jill!

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club?

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Top 14 economics journals

Environmental Economics

According to Google Scholar Metrics

POTUS rocks climate economics

Environmental Economics

We continue to cover COP21 as passively as humanly possible*. From the inbox: John -- just for fun, you might check out this video of President Obama in Paris talking about market failure, externalities, the commons, and pricing carbon to address market failure (start at 38:30 and watch until about 44:15): https://www.whitehouse.gov/photos-and-video/video/2015/12/01/president-holds-press-conference-paris  :). Damian.

The highest paid economics professor?*

Environmental Economics

  *From his bio : Dr. Ramsey is a tenured professor of economics A merit raise of 3% sounds really good to me: James Ramsey, the University of Louisville’s president, got a lot of attention last week for his compensation after The Courier-Journal, in Louisville, reported that he made $1.67 million last year, considerably more than presidents at similar institutions.

EPA: Current environmental economics topics

Environmental Economics

From the EPA's environmental economics webpage : Economic analysis plays a central role in informing EPA decision-making. The Agency’s work in this area covers a wide range of topics, focusing on evaluating the economic costs, benefits and impacts of proposed environmental regulations and policies on the national economy.

Ten Years of Select Economic Data in Graphs

Environmental Economics

A pet peeve of mine as an economist is giving too much credit to the current quarterback , er.President for [economic] wins and too much blame for [economic] losses.    To give a better picture of what's going on with the economy, here are some graphs of the past decade of select economic data from the St.

2017 159

"MARINE RESOURCE ECONOMICS ANNOUNCES NEW CASE STUDIES SECTION"

Environmental Economics

I'm shouting because the journal is shouting: Marine Resource Economics  is now accepting submissions for a new section of the journal titled Case Studies, which is intended to provide an outlet for rigorous, theoretically grounded analyses of the governance of individual fisheries and/or aquaculture systems. Case studies play a valuable role in the development of our understanding of effective marine resource governance, yet they are underrepresented in the economics literature.

2019 109

"RePEc launches Top 5 Journal in Economics"

Environmental Economics

The RePEc blog: Many academic departments in economics require from their junior faculty to publish in top 5 journals in order to gain tenure or get promotions. Without intervention, economics may get into the situation of choking itself by making it impossible for most department to grant tenure to faculty. Top 5 Journal in Economics. will start today with volume 104 and a special issue on the Economics of Fisheries. Any idiot knows that fisheries economics is a jok

2017 130

Environmental Economics: Rock snot*

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club?

Does income inequality cause decreased economic growth?

Environmental Economics

' One of Reich's basic premises in Inequality for All is that income inequality causes decreased economic growth.  So there you have it--Reich is a short nitwit who knows nothing about economics or politics or economic policy and Berkeley should immediately move to fire him and put me in his place.  Rather than read before I go to bed, I have taken to watching Netflix documentaries on the iPad. 

Growth 196

Ranking environmental and resource economics journals

Environmental Economics

I recently considered the problem of how to rank multidisciplinary journals along with economics journals. I downloaded the 2016 SJR data for 23,000+ journals in all disciplines and regressed the impact factor, SJR and h-index on the number of papers published in the past 3 years and whether 'economics' or 'economics and econometrics' was listed in the category column (with controls for journals published in Germany, the Netherlands, UK and US).

2018 100

PhD programs in US economics departments with fields in environmental economics

Environmental Economics

I was recently advising an economics student about PhD programs in US economics departments (straight econ, not agricultural or other departments) with fields in environmental economics. I excluded ag econ because of the more limited teaching opportunities at the non-RI university (other than East Carolina University and Appalachian State University, who would hire an aggie in an economics department?): I think the diploma says PhD in Economics

eBird Economics: How Much Would You Pay to See Birds?

10,000 Birds

The economic “impact” of a birding festival can be estimated by looking at expenditures of attendees ( e.g., hotel rooms, meals, souvenirs, transportation costs, etc.). Ecological Economics 137 (2017): 1-12. ( Link ; temporary free link.). Birding eBird economicsBirders derive “value” from birding.

"Crazy Climate Economics"

Environmental Economics

Paul Krugman: What do I mean by crazy climate economics? First, we’ll see any effort to limit pollution denounced as a tyrannical act. Pollution wasn’t always a deeply partisan issue: Economists in the George W. Bush administration wrote paeans to “market based” pollution controls, and in 2008 John McCain made proposals for cap-and-trade limits on greenhouse gases part of his presidential campaign.

Top 6 economics blogs?

Environmental Economics

DeLong, Krugman, Econbrowser, Calculated Risk, Free Exchange, Environmental Economics, and a few more. Or something else? via economistsview.typepad.com. Actually, it is something else. Here is what Mark Thoma said about these blogs: Some of the RSS feeds in the sidebar stopped working for mysterious reasons. But still, at least we were mentioned in the same breath! We all broke down at once

Economics: The Infallible Science

Environmental Economics

I'm thinking 'we' (in the collective, not me and John*) should start a new blog titled "Virtually Infallible," and post reader-submitted erratum on peer-revied economics journals.  An interesting comment from the comments on Mark Thoma's post regarding the AER's unwillingness to publish his correction: A search. of the AEA journals archive for "Erratum" yielded two hits, one from. April 2012, another from December 2000.

"Depression Economics and Climate Policy"

Environmental Economics

But there’s one argument Quiggin, somewhat surprisingly, doesn’t make: Douthat has the economics all wrong. Douthat’s essential point, as I understand it, is that economic troubles make this a bad time to take on the burden of climate adjustment, that they strengthen the case for waiting to see if we can get by doing less and using cheaper approaches. Paul Krugman: Ross Douthat attempts to justify the reform conservative backdown on climate policy; John Quiggin isn’t persuaded.

Environmental Economics: YES!

Environmental Economics

Got a question about environmental economics? Recent Comments John Whitehead on What I did today instead of blogging Rene Salinas on What I did today instead of blogging Timtaylor Home on My name is Kingof Socks Tim Haab on How is economics like Fight Club?

"The Early History of Environmental Economics"

Environmental Economics

Agnar Sandmo ( Rev Environ Econ Policy 2015 9: 43-63 ): Abstract This article traces the history of economists’ treatment of environmental problems prior to the establishment of environmental economics as a separate field in the 1960s. I argue that the way in which economic theory developed made it increasingly relevant for the study of environmental issues and the design of appropriate economic policies. (

Special Replication Issue of Energy Economics

Environmental Economics

John has posted a couple of times about replication in economics journal articles. Elsevier, who may be taking the lead in encouraging replication , is putting out a special issue on replication in Energy Economics :  In this special issue, we will particularly welcome two types of papers, without excluding other forms of replication (Clemens 2015). Papers eligible for replication include all economics papers with some relation to energy.

2017 133