The Problem With Sand

If we have a sand shortage, Olympic beach volleyball, new homes and roads, fracking, water filtration, and so much more will be affected.

How the Power of the Market Makes Airline Passengers Happy

When airlines overbook flights, they just need to recognize the power of the market and pay passengers high enough prices (vouchers) for their seats.

Getting Bumped Off Your Flight

Instead of command and control, a reverse auction or a Coasian solution would provide better ways to manage overbooked flights and bumped passengers.

The Green Blog: An Environmental Bet

33 years ago, an environmentalist and a economist made a $1000 bet. In The Population Bomb (1968), Paul Ehrlich predicted global ecological calamity. Disagreeing, Julian Simon said that free markets would solve environmental problems. The bet involved the prices of…

Doomster or Boomster?

Agree or disagree? “Both the jayhawk and the man eat chickens, but the more jayhawks, the fewer chickens, while the more men, the more chickens.” The quote is from 19th century economist Henry George but it relates to a report…

The Doomsters or the Boomsters?

Thirty years ago, an environmentalist and a business professor made a bet. In The Population Bomb (1968), Paul Ehrlich predicted global ecological calamity. Saying that free markets would solve environmental problems, Julian Simon, a University of Maryland business professor, disagreed.The…