The latest Business W eek magazine sports the headline, "Is Water the New Oil?" and a caricature of T. Boone Pickens . The cover story -" There Will Be Water: T. Boone Pickens thinks water is the new oil—and he's betting $100 million that he's right " - describes Pickens'...
The Library of Economics and Liberty has just posted a new hour+ podcast featuring Bruce Yandle. http://www.econtalk.org/archives/2007/10/yandle_on_the_t.html " Bruce Yandle of Clemson University and George Mason University's Mercatus Center looks at the tragedy of the commons and the various...
[updated] A great new post by libertarian Ron Bailey of Reason here: Congratulations to Al Gore But be wary of the man's proposed solutions for global warming. Ronald Bailey | October 12, 2007 http://www.reason.com/news/show/122960.html 1. Here are some excerpts (emphasis added), followed by a copy...
"Advanced democracies export their problems to emerging economies, thus shoving the whole problem neatly under the carpet. If the west really believed in being good global citizens we would (just for starters) refuse to trade with China and India. Then there is the small matter of cleaning up our...
How exactly do you transfer commons into private ownership in a fair way, even for easily divided up stuff like land? That's the trillion dollar question that someone asked me on a recent thread ( http://blog.mises.org/archives/007152.asp#comments ) regarding my suggestion that better definition...
Man is clever but not wise ("homo sapiens" is a misnomer) and we remain very much a part of the ecosystems that we pretend to master even as we swamp them with the growing demands that our rapidly improving technology and burgeoning populations impose. While our demands on the natural environment...
"Not all externalities are crimes, and as long as CO2 does not make clear victims, it should be left as an externality for people to adapt to ...." In response to this statement on a recent thread ( http://blog.mises.org/archives/007152.asp#comments ), I observed, in the context of the impact...
Roy Cordato has cogently summarized his views and the work of his Austrian colleagues here: http://mises.org/story/1760 . Thoughts on what this framework implies for modern issues are welcome. Below are some favorite excerpts, with emphasis added: "Austrian economics lacks a formalized, self-conscious...
Here's a partial list of useful articles, alphabetically by author: Terry L. Anderson and J. Bishop Grewell Property Rights Solutions for the Global Commons: Bottom-Up or Top-Down? http://www.law.duke.edu/shell/cite.pl?10+Duke+Envtl.+L.+&+Pol'y+F.+73+pdf H. Barnett and Bruce Yandle The End...
Dan McLaughlin asks the first of these interesting questions on the Mises blog, http://mises.org/story/2718 . The second question is mine, and I addressed it briefly in the blog responses to Dan. I take the liberty of posting that response here, revised slightly and with a few further comments. Too many...