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Sophomoric optimism?

Jon Bostwick agrees on another post that "Man is clever but not wise ("homo sapiens" is a misnomer)", but further comments (emphasis added): "True. But humanity is wise. Men create cultures, economies and law. "Man's flaw is that he is over confident of his own intelligence...

Posted to TT`s Lost in Tokyo by TokyoTom on Mon, Oct 15 2007
Filed under: environment, mises, state, property, ostrom, cordato, commons

Re: Markets internalizing externalities

Mises specifically refers to externalities. I have a post up on his thoughts and another post with links to other Austrians on environmental matters at my blog. The key point is that every externality is an opportunity and not a zero-sum game. Both sides win if information and transaction costs are reduced...

Posted to Economics Questions by TokyoTom on Sat, Oct 13 2007

Mises on fixing externalities

"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...

Posted to TT`s Lost in Tokyo by TokyoTom on Thu, Oct 11 2007
Filed under: climate, tragedy of commons, environment, mises, transition

Too Many or Too Few People? Does the market provide an answer?

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...

Posted to TT`s Lost in Tokyo by TokyoTom on Thu, Sep 27 2007
Filed under: tragedy of commons, environment, Malthus, mises, property, markets, ostrom, yandle