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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    Tricky Oil Questions

    Jun 17, 12 • 530 Views • No Comments

    1. Asked to list the world’s biggest oil consumers, most of us would be correct if we started with the US and China. With the US at 20.5% and China, 11.4% for 2011, we are almost at one-third of world consumption. 2. But then, it gets a bit tricky.......  [read more]

  • 19th Century Urban Transport Was An Environmental Problem

    “It’s Not Easy Being Green”

    Jun 12, 12 • 525 Views • No Comments

    Hearing Kermit the Frog say, “It’s not easy being green,” Mexican environmentalists might agree. Since March 2009, Mexican households have been offered cash payments or subsidized loans for replacing refrigerators and air-conditioners that......  [read more]

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    Economic Disagreement

    Jun 6, 12 • 590 Views • No Comments

    Astronomy might help us understand US history according to biographer Walter Isaacson. We just need to think about binary systems in which 2 separately orbiting stars “are linked because of their gravitational interaction.” The tension between......  [read more]

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    Manufacturing and the Market System

    May 30, 12 • 495 Views • No Comments

    Adam Smith might look at recent increases in manufacturing and say, “The market works.” Here are some stories. One furniture manufacturer decided it could make consumers happier by moving back from China. Yes, it would mean paying a sander $10 an......  [read more]

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    Opposing Austerity

    Apr 12, 12 • 627 Views • No Comments

    Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sells more, then the price drops. Similarly, if one person......  [read more]