economics

Category archives for economics

Eric Pooley writes about the consensus amongst economists on global warming. While they disagree on exactly what we should do, they agree on two things: the cost of inaction is much greater than the cost of action, and the cost of action is only about 1% of GDP. He concludes: Journalists have missed the economic…

Bookstore market failure

For a webzine that has “Where free markets meet technology” in its masthead, Tech Central Station sure seems to have little faith in the ability of free markets to provide consumers with what they want. Consider this column by Glenn Reynolds. Reynolds reckons that bookstore employees are driving customers away: Even my hard-core lefty colleagues…