econlife on ‘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.
Pondering Greece, I wondered about the individual and the state. Sometimes what is good for one person is bad for all. That took me to a graphic of the federal budget in 2020 in which entitlements, which are good for individuals, are dominant. The... [read more]
Carbon offset markets are about thinking at the margin. Hoping to become the first carbon neutral state in the world, the Vatican bought carbon offsets. The U.S. House of Representatives funded an $89,000 purchase of carbon offsets. Before boarding, you... [read more]
Hearing that actor John Cleese took a Mercedes taxi from Oslo to Brussels for about $5,000 because the Icelandic volcano eruption prevented him from flying, an economist would say, “That is a positive externality.” Economists see positive... [read more]
Do you approve of Pigovian taxes? These are taxes levied on seemingly undesirable behavior in order to compensate for their negative impact on society. soda tax: Among other municipalities, New York State and Philadelphia are proposing soda taxes. bag... [read more]