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.

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    The Real Cost of a Car

    May 23, 11 • 329 Views • No Comments

    To see how much a car costs, just add up the purchase price, insurance, gas and a yearly service. Yes? According to one group of researchers, a car that is driven 100,000 miles costs $19,000 more than you might think. The $19,000 relates to external costs.......  [read more]

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    A Tank of Gas

    Apr 27, 11 • 554 Views • No Comments

    A tank of gas is not just a tank of gas. Isn’t it a spending decision? The national average for a gallon of regular is close to $3.88 and higher in California. July 2008 was the last time we dealt with 4 dollar gas. One economist estimated that 4 dollar......  [read more]

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    Green Elasticity

    Apr 23, 11 • 530 Views • No Comments

    Sales of Nature’s Source Scrubbing Bubbles tub have plunged by 61%. At Stop & Shop, “Eco-friendly” people are switching from Clorox Green Works All-Purpose Cleaner to traditional Fantastic. Why? Because Fantastic is 40 cents cheaper.......  [read more]

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    The Amazing Washing Machine

    Mar 28, 11 • 329 Views • No Comments

    In one wonderful 9 minute TED talk, Swedish professor Hans Rosling connects the washing machine to empowering women, educating children and diminishing world poverty. The Economic Lesson When women are empowered, not only is the gender gap diminished but also......  [read more]

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    Looking Back at a Decision

    Mar 26, 11 • 366 Views • No Comments

    Testifying in 1978, one public official said that economists, citing cost and benefit, recommended using a lower level of levee protection against hurricanes in Louisiana than he thought was necessary. (p. 90 of the Congressional Report on Hurricane Katrina)......  [read more]