Environment

Environmental economics looks at the positive and negative impact of growth. Especially focusing on marginal analysis and externalities, econlife looks at our current impact on the environment and our use of natural resources in the US and beyond.

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Guns or Yogurt?

    Aug 26, 12 • 643 Views • No Comments

    It appears that the New York State legislature will soon experience a clash between gun producers and gun control advocates. These quotes sum it all up: A Remington employee: “In my eyes, Remington goes away, Ilion goes away.” A gun control......  [read more]

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    Higher Prices at the Gas Pump

    Aug 22, 12 • 621 Views • No Comments

    Sometimes 25 cents at the gas pump can make a huge difference. Economist James Hamilton explains why with his “rough rule-of thumb” correlation between the price of crude and gas at the pump. When crude increases by $10 a barrel, then the price of......  [read more]

  • 19th Century Urban Transport Was An Environmental Problem

    A Pollution Tale With 2 Happy Endings

    Aug 10, 12 • 660 Views • No Comments

    Sometimes green incentives can have unintended consequences. Our story begins in an airport. About to board a flight, an environmentally concerned individual purchases “carbon offsets.”  Yes, that flight will pollute the air but the offset could......  [read more]

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    India’s Powerful Incentives

    Aug 8, 12 • 541 Views • No Comments

    Imagine… More than 500 trains suddenly stop. More than 200 miners trapped underground. No traffic lights. Gridlock on many roads. No ATMs. Irrigation systems halted.   On July 31, a massive blackout struck more than half of India. Affecting 600......  [read more]

  • A Traditional Telephone Book

    What Can You Learn From the Phone Book?

    Aug 5, 12 • 647 Views • No Comments

    Among all of the innovations that changed our lives, have you ever thought about the phone book? The first phone book dates back to 1878. Compiled by the the District Telephone Company of New Haven, soon to become SNET, the Southern New England Telephone......  [read more]