This is an interesting piece for the general argument that it makes - if it isn't on the balance sheet is it still a cost? The author argues, yet it is.
The Economics Metaphor
Monday, October 17, 2011
Thursday, October 13, 2011
Our Bungled Energy Policy
Nordhaus argues for Pigouvian taxes, particularly on our use of Coal to generate electricity, and points out that a U.S. only policy on oil consumption will not do - there needs to be a global system put into place to reduce consumption
Monday, October 10, 2011
Price Differentials
An essay that decomposes price differentials into cost differentials or price discrimination, with several examples of each. One reason for students to learn demand theory is because of how knowing that can help understand how sellers set price.
Saturday, September 3, 2011
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