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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Bourbon barrel economics

Environmental Economics

Here are the quantities: And from the article: The logging industry last year rebounded to produce 8.6 From the inbox: Bourbon Feels the Burn of a Barrel Shortage by: Tripp Mickle May 12, 2015. TOPICS:  Supply and Demand.

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UK Government Introduces New Policy for Renewable Energy Producers

Green Prophet

FIT officially closed in March, halting the payments of domestic and commercial green energy producers. This new scheme is being promoted as a mechanism that pays people to produce small amounts of renewable energy and electricity they export to the grid.

Trickle down economics

Green (Living) Review

economics lies trickle down economics

Markets for Homegrown Produce

Green (Living) Review

How to earn a financial harvest from your garden More customers than you might imagine are eager to buy that wonderful organic produce growing in your back yard. To find out if a particular market is a cost-effective venue for selling your produce, talk to the market’s manager.

"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. WTP roughly consists of asking consumers (or producers) how much they are willing to pay to avoid a negative or to accept a positive outcome; WTA goes for compensation and asks how much an agent would like to be paid to accept a negative outcome or to forego a positive one.

Teaching environmental economics with mini-research projects

Environmental Economics

We haven't spent much time talking about how to do this during class so I wrote, created and produced this video to help the students figure out what to do next (my allergies are bothering me so try to ignore the snorting and wiping up around my nose area). 

2018 141

Aguanomics: Pigouvian taxes do NOT produce deadweight losses

Environmental Economics

The trouble that my students encountered -- and many teachers of economics fail to clarify -- is that fiscal taxes distort prices to generate revenue while Pigouvian taxes correct prices to affect behavior. (We

Economics: The Next Frontier in Conservation Science

Nature Conservancy - Science

Externalities are by-products of economic activity that impact other parties without being reflected in the cost of the goods or services involved. Why Economics? And economics and technology allow us to develop incentives and structures that support large-scale change.

An economic conundrum

Environmental Economics

So I read page 2 (and no more) of the NYTimes story John pointed to this morning (John read page 1) and it raises an interesting economic puzzle for environmental advocates: Simple economics suggests that if the nation is producing more energy, prices should be falling. So the question becomes, what is the value of environmental preservation relative to economic growth. 

Why upcycling must become an economic sector

Green (Living) Review

by Michael Smith (Veshengro) Upcycling is, in general, the process where (at least) some of the shape and properties of the original waste product are retained – though not always, and we will come to that later – and where another useful product is produced from it.

Sorry Greta, World to produce 120% more fossil fuels by 2030 – drastically at odds with warming limit

Green Prophet

The Production Gap Report – produced by leading research organizations and the UN – is the first assessment of the gap between Paris Agreement goals and countries’ planned production of coal, oil and gas. Oil-powered Shoaiba Desalination plant looks like Gotham City.

Fake economic growth

Green (Living) Review

In the economic statistics, however, those cars show up as sales of new vehicles and thus create a fake economic growth and also a fake GDP for the countries where those cars have been made and registered. As it also does not make economic sense this is just weirder than weird.

Growth 139

Environmental Economics: Four paragraphs that explain how Libya.

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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Results from the NABE Economic Policy Survey

Environmental Economics

The National Association for Business Economics is having their policy conference in DC this week. About 38% of respondents think the tax burden will be shared by both oil producers and consumers. Just 4% believe the tax burden will fall primarily on oil producers. Forty-four percent of panelists think that the proposal will “hamper economic growth” through reduced consumer spending, and 40% believe that the tax will “benefit domestic oil producers over offshore producers.”

Green Living with Solar Panels: Economics of Solar Panels | Living.

Living Green & Saving Energy

Home About Us Contact Us Products Green Tips EBooks Going Green: Questions and Answers Subscribe Living Green and Saving Energy Green Living with Solar Panels: The Economics of Turning Sunlight into Electricity by greenwise on February 2, 2011 Turning sunlight into electricity is a wonderful idea. If you have wondered about the economics of solar panels (I know I have), then this post is for you.

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Question of the Day: What are the Principles of Economics?

Environmental Economics

I'm teaching a one semester course in Principles of Economics this Spring (14 weeks,2 days a week).   So I have found myself asking: What are the principles of economics that every college student should know and can get in a one semester course?    Based on your experience taking or teaching economics classes, let me know what you think.  The Tools of Economics (Review). What is economics? Producer Surplus. Economic Growth.

Strawberries and Citrus – February Seasonal Produce

Green Prophet

But let’s wait another 4-6 weeks for prices to fall even more; then we can economically make strawberry preserves to last the whole year. Yellow and red cherry tomatoes, probably hot-house produce, are good but expensive.

The key to understanding Environmental Economics is understanding unintended consequences

Environmental Economics

If it comes from coal, the electric cars produce 3.6 While uncomfortable, sometimes it pays to think beyond the obvious: People who own all-electric cars where coal generates the power may think they are helping the environment. But a new study finds their vehicles actually make the air dirtier, worsening global warming. Ethanol isn't so green, either. "It's

Environmental Economics: Daily demand and supply: Earthquake.

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?

Thank you EU, I guess this means more cheap whiskey for me.oh, and there's an economic lesson in here too.

Environmental Economics

Don't take this as support for tariffs, my inner economist is strongly opposed to tariffs on economic efficiency grounds, but my inner hillbilly is slightly happy that an EU tariff on American whiskey is likely to lower U.S. For those not familiar with the economics of tariffs, when a tariff is placed on an imported good, the price of that good rises in the importing country.  steel we import, and steel we produce domestically.  producers.

2018 140

The obsession with economic growth

Green (Living) Review

by Michael Smith (Veshengro) Governments all over the world, bar in the tiny Himalayan state of Bhutan, are obsessed, literally, with economic growth but not in order that people can have a better life and way of life but because it determines the general domestic product (GDP) of a country and with it and through it a nation''s credit status and credit worthiness. This obsession with growth goes even so far as to creating a fake growth in that industry keeps producing.

Growth 123

Community Gardens May Produce More than Vegetables

Green (Living) Review

That finding was not surprising, as researchers had expected that spouses would benefit from eating food produced in the garden, and perhaps from helping out with the gardening activities. This group would share similar physical environments, like walkability and proximity to food shops and stores, as well as economic status.

Dairy producers kill cows earlier to charge more for milk

Eccorazzi

agriculture economics are slowly being exposed, and the “herd retirement program,” led by Cooperatives Working Together, is at the forefront of it’s corruption.

CCA: "Economic studies make convincing case for reallocation"

Environmental Economics

The best available economic science clearly supports increasing the recreational allocation. It is difficult to understand why NOAA Fisheries has not acted on these studies before now to produce the best possible outcome for the economies of the Gulf states and for the nation.”.

2012 164

Call for Papers | Environmental Economics and Policy Studies (EEPS) | Special Issue on Hedonic Price Method

Environmental Economics

From the AERE listserv ( Resecon ): More data on household economic activities have been made available to the public in the past two decades.    Geophysical data, such as periodically global maps of night lights, aerosol, rainfall and temperature, are also produced and available (e.g., NASA Earth Ju-Chin Huang EEPS Guest Editor for the Special Issue on Hedonic Price Method Professor of Economics, University of New Hampshire Ju-Chin.Huang@unh.edu

2018 109

The fairytale of green economic growth

Green (Living) Review

by Michael Smith (Veshengro) Politicians, industry and media are telling us for decades the fairytale of green economic growth and sustainable consumption and many believe in this myth all to eagerly. He who needs a lot is dependent on others to produce for all those needs and let's face it, as I have said more than once already in other articles, most of our needs are but wants and not needs.

Growth 103

Economic transition is a difficult, but necessary conversation--especially for those affected

Environmental Economics

As countries develop, economically and socially, the means of producing economic well-being shift.    These shifts are often uncomfortable for those working tin the affected industries.    In the U.S. in the early 20th century, technology-induced on-farm productivity gains led to significant decreases in on-farm employment and significant increases in industrial manufacturing jobs. 

Evidence-based Conservation: An Economic Perspective

Nature Conservancy - Science

At its core, economics is about using scarce resources smartly to maximize the production of desired outcomes. Most human endeavors are constrained by available resources and their pursuit therefore has an economic dimension. Forest Policy and Economics 34:1-16.

10 Commandments of Commons Economics

The Green Changemakers

Thus the need to maintain the knowledge sharing, but to ask reciprocity for the commercial exploitation of the commons, so that there is a level playing field for the ethical economic entities that do internalize social and environmental costs.

10 Commandments of Commons Economics

The Green Changemakers

Thus the need to maintain the knowledge sharing, but to ask reciprocity for the commercial exploitation of the commons, so that there is a level playing field for the ethical economic entities that do internalize social and environmental costs. Michel Bauwens.

Why Economics Needs to Make Space for Nature

Green (Living) Review

Aniol Esteban is head of Environmental Economics at the New Economics Foundation. The Millennium Ecosystem Assessment produced by the United Nations describes very well the different services the natural environment provides to human beings, using the ecosystem service framework.

"Gary S. Becker, 83, Nobel Winner Who Applied Economics to Everyday Life, Dies"

Environmental Economics

Becker, a Nobel prize-winning economics professor and longtime columnist for Business Week whose research illuminated motivations about such aspects of everyday life as marriage, crime, addiction, racial discrimination and birthrates, died on Saturday in Chicago.   In his 1992 Nobel lecture, Professor Becker described how he employed economics to analyze social issues outside the discipline’s traditional range of vision. From the NY Times obit :  Gary S.

2014 143

The Stand-Up Economist makes fun of anti-carbon tax economics

Environmental Economics

Yoram Bauman: The National Association of Manufacturers just released a scathing report on carbon taxes (the full report was produced—unfortunately—with the assistance of my friends at NERA ), but in reality all their analysis shows is that paying down the Federal debt is the poison pill of economic policy: as long as the economy is struggling to recover, connecting debt payments to any policy will make that policy look terrible.

“There is no alternative” Andrew Winston on green economics

Wend Magazine

As one CEO said to me, without getting into climate change or taking a stand on it he said, “Isn’t better to produce less carbon than more?” The economics on that will win out and it will be cheaper. The economics are already starting to win out because again I’m fairly simplistic about economic on things like this. The industries that are still fossil fuel-based, the industries that are producing those, they have a lot of power and they’re sitting on a lot of assets.

Blaming economists for our current economic situtation is like blaming a psychologist because people are crazy

Environmental Economics

The group also sought to raise awareness of events they have planned for today, including a walkout of the popular Economics 10 introductory course and a March in Boston later in the day. That's Mankiw's Intro to Economics course. “I I urge all students to walk out of Ec 10, [because it] represents the ideology that brought about our current economic situation,” shouted organizer Gabriel H.   Economics help you recognize those trade-offs. 

2011 163

The department of economics has been so successful at recruiting majors that we want to double the number of students that are forced to major in economics

Environmental Economics

In my mind a successful industry is producing a product that people WANT to buy. As always, I'd rather we consider success in the economically appropriate manner (i.e., Lobbying for subsidies creates bizzarre logic and here is an example ( www.newsobserver.com ): Solar energy is proving so successful in North Carolina that industry advocates want to double the amount of sun-powered electricity that is required by state law.

2011 152

We Need New Economics for a New Era of History

The Green Changemakers

From a talk given at the Schumacher Center for New Economics , Great Barrington, MA, on July 27, 2014. L et me tell you about my career in economics. What’s normal today—and I’m speaking here of normal economic behavior—can’t be normal tomorrow.

South African Archbishop unites U.S. and African corporations to announce the Economic Empowerment Partnership

Green (Living) Review

Thabo Makgoba, Anglican archbishop of Cape Town and metropolitan of the Anglican Church of Southern Africa, will come to the United States to officially announce the Winds of Change Economic Empowerment Partnership. being used as economic resources but not for their own benefit.

Will Smart Sockets Change the Economics of Efficiency?

Green Prophet

The Mideast uses forty-five billion kilowatt-hours to produce three million tons of aluminum each year. There is a mismatch between the economic model and ecological reality so those who act responsibly end up subsidizing those who don’t. Smart sockets explained.

Why silver and gold won't protect you from the economic collapse that's coming

Green (Living) Review

by Michael Smith (Veshengro) Silver and gold, especially in the form of so-called trade rounds, are often advocated by people in the survivalist community – who also have a vested interest in doing so – as the currency after the event of an economic collapse or such like.

Economic History in 10 Minutes

The Green Changemakers

Humanity has benefited in many obvious ways from this economic evolution: the gift economy really only worked when we lived in small bands and had almost no possessions to speak of. But, back to our tour of economic history. Tags: Economics

2010 52

Proposed motorway speed limit based on fantasy economics

Green (Living) Review

By Michael Smith (Veshengro) Raising motorway speed limits to 80mph to boost the economy is based on fantasy economics and a flawed system for appraising transport policy and projects, says charity Sustrans. Jason Torrance, Sustrans' Acting Policy Director, says; “The decision-making behind this proposed increase in motorway speeds is based on fantasy economics that assigns big financial savings to small time savings.

2011 116