In the last two decades of the 20th Century, environmental economists made tremendous strides in developing techniques to measure economic values when there are no markets (they call these “non-market valuation”). These efforts grew out of the criticism of the environmental statutes adopted in the 1970s like the Clean Air Act or the Endangered Species […]
Back in January I wondered out loud, Was the Internet a Good Idea? To my way of thinking the information technology (IT) revolution of the past 25 years has been a mixed blessing. It both created amazing tools for doing everyday tasks and introduced whole new means of mindless addiction and criminal opportunities. This IT […]
When most people hear the word economics they think of money. I remember visiting a local Maine historical society and the excitement the caretaker felt when he learned that I was an economist. He immediately assumed that I would want to see their collection of 19th Century currency in circulation in Maine. I did not. […]
