Environment

June 5, 2015

A Poaching Problem that Regulation Hasn’t Solved

The market solutions and regulatory approaches used to solve the problem of elephant poaching have not worked for wildlife conservation in Africa.

February 20, 2015

Part 2: What To Do When More People Are Old

Facing an aging population and more entitlements, countries that are encouraging more births to expand the labor force might be creating a bigger problem.

December 26, 2014

How the Fed Solves the Old Money Problem

Part of keeping the money supply at the right level involves the Fed monitoring the paper money that enters circulation and recycling cash that leaves it.

December 22, 2014

The Seven Ways We Pay For Free Parking

Including congestion, wasted gas, time and emissions, cheap parking creates negative externalities that variable pricing of parking spaces can eliminate.

November 30, 2014

Three Graphs That Tell the Whole Oil Story

Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.

November 13, 2014

Should Water Be Free?

Although protestors in Detroit and Ireland say water is a human right, economists, citing a definition of a public good and a tornado alarm, would disagree.

November 10, 2014

The Difference That a Sticker Makes

Because "I Voted" stickers indicate voting is a social norm, like paying taxes or saving electricity, people are more likely to act like their neighbors.

October 14, 2014

The Unexpected Consequences of More Efficient Lighting

Like 19th century English coal, more efficient and cheap LED lights can mean people and businesses use it more because of the lower opportunity cost.

August 27, 2014

The Costs of Being Prepared for a Natural Disaster

Whereas natural disaster preparation can save lives, it might have too high an opportunity cost to make sense or be a ShakeAlert that has been proven.

August 4, 2014

The Spillover from Refrigerators in China

The spread of refrigeration in China has positive and negative externalities that relate to household diets, greenhouse gases and transport and home waste.

July 28, 2014

Why the GDP is Much More Than a Number

Seemingly just a statistic, how we calculate the GDP and how it is used can be controversial and affect the lives of millions of people.