Tag Archives: externalities

Save the environment, give it a market price

An old insult directed against economists is a reprise of Oscar Wilde’s pithy putdown of cynics – they know the price of everything, and the value of nothing. Like so many glib one-liners, it is both manifestly unfair and hinting … Continue reading

Posted in economics, environment | Tagged , , , , , | 6 Comments

Why I’m not an anarchist

Anarchy literally means ‘no rulers’, as opposed to (among others) monarchy, oligarchy, plutocracy, or democracy (where kings or queens, an elite, the rich, or the public make decisions about governance). Despite what reporters, politicians, and the average person on the … Continue reading

Posted in law | Tagged , , , , , , | 10 Comments