“Public goods, “public benefits and “private benefits” are concepts clouded in confusion. “Public good” has specific technical meanings in economics that don’t exactly coincide with
read moreWho should pay for environmental works? Some of the advice we have been given by environmental thinkers has misled us into thinking that there is
read moreIn Pannell Discussion 18, I touched on the need to select a clear objective when tackling a complex decision problem. Without a well-defined and well-considered
read moreI’m something of an Olympics tragic. The Athens Games provided plenty of the right sort of drug to feed my addiction: wonderful performances, surprises, disappointments,
read moreEconomics is fundamentally about decisions, either understanding the decisions that people make, or helping people (especially governments) to make decisions. Some decisions are hard, but
read moreYou will probably be surprised that my starting point in this discussion of how to think like an economist is a book called The Prehistory
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