Economic Sense

In most all cases, benefits and costs used to evaluate the efficiency of a policy are measured in dollar terms. Dollar prices are often used...

In earlier posts ( Discretionary Monetary Policy I-III) I presented a brief overview of a hybrid monetarist/Austrian view of bubbles and bus...

"The combination of quantitative training and applied work makes agricultural economics graduates an extremely well-prepared source of ...

The ongoing theme for some of my recent posts has been tools used by economists in studying the environment. In this post I am going to disc...

If we are concerned with economic growth, we must carefully consider how pollution may affect growth. Can we quantify a critical amount of p...

When resources become scarce in market economies with relevant price systems, prices increase. This price increase which reflects the increa...

I've just recently wrapped up a series of posts related to public choice economics. Public choice is useful because the analytical frame...

This past Thanksgiving, Michael Maniates wrote a dismal piece in the Washington Post stating that “We need to be looking at fundamental chan...

Thanksgiving was not about the Pilgrims embracing diversity and thanking the Indians for helping them survive. The celebration was about tha...

With all of the problems previously mentioned such as voting paradoxes and the results of the median voter theorem, democracy is not without...

Many of my recent posts have probably seemed a little more formal than my normal analysis of the biotech industry, agriculture, and natural ...

In a past post I discussed the scenario described as the ‘tragedy of the commons’ which characterizes many environmental problems, especiall...

We’ve often heard the statement ‘good enough for government work’ or have heard the criticism that government workers are incompetent. The t...

In a previous post ‘OUR COMMONS, OUR CHOICE’, I cited the analysis of the economist Ronald Coase. The discussion was related to environmenta...

THE DANGERS OF DEMOCRACY: THE MEDIAN VOTER THEOREM2 In the last entry on voting paradoxes, I mentioned that things are different if preferen...

BROCHURE: http://www.sdcma.org/GMFoodsBrochure.pdf I've linked to this before , but there are so many things that it highlights, that I ...

The Clean Water Authority Restoration Act ( House Bill H.R.2421 S.1870) attempts to remove the requirement that bodies of water be ‘navigabl...

The Jawa Report, August 29, 2007 "Recently, it was reported that the Agriculture and Cooperatives Ministry was going to seek cabinet ap...

http://www.belfasttelegraph.co.uk/news/world-news/article2898542.ece “Hardly a day has gone by this summer without opponents of GM maize - b...

Many are making claims (perhaps as a marketing technique to increase profits) that milk produced from cows containing rbST is less healthy t...