Quick thoughts on Brexit
How relevant is the Norwegian experience?
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Economics
Do weak currencies lead to trade deficits?
Spoiler: Correlation != causation
On economic “consensus” and the benefits of climate change
Matt Ridley’s tenuous appeal to authority
A lemon market for poachers
Creating uncertainty in the rhino horn market
Why are economic journal articles so long?
Supplementary materials FTW
Of Vikings and Credit Rating Agencies
The worst game of musical chairs ever
Home bias in sovereign ratings
Rating agencies suffering from local blindspots
Why economists love auctions
Some background first: South Africa’s power market is utterly dominated by (a) coal and (b) Eskom, the parasitical parastatal monopoly. In a bid to encourage...
Joe Romm’s cognitive dissonance on renewables, nuclear and shale gas
I used to be an avid reader of Joe Romm’s “Climate Progress” blog. However, my enthusiasm has waned dramatically over the years due to his selective presenta...
Predictable Nobel Prizes in the Economic Sciences?
The subject line is taken from an email sent around my department by one of the finance profs. Here’s the email itself:<blockquote class="tr_bq">A curi...
Obligatory comment on the 2013 Nobelists
Seeing as it is very de jour to comment on this sort of thing in the econ blogosphere, here is a quick personal take:I know that this year’s laureates have r...
The more you read about ABCT… the more you read about ABCT
Chris responded last week to my previous post on the empirical (ir?)relevance of ABCT. I’ve been too busy to reply properly until now. (To be honest, I think...
Empirical evidence and the relevance of ABCT
A new study by Lester and Wolff (2013), hereafter L&W, is set to cause a bit of a stir in Austrian circles. [HT: Daniel Kuehn]<div></div><...
Inflation-targeting, CPI measures and the poor
In a bid to get back to regular blogging, below is a comment that I’ve just left under a Daily Maverick column by Paul Berkowitz, entitled “Who benefits from...
Are there any four-minute miles in economics?
3:59.4Roger Bannister’s four laps of the Iffley Road Track on 6 May 1954 have been immortalised in the annals of sporting lore and human achievement. By beco...
Monetary regimes and economic outcomes
Eric Rauchway has a post over at Crooked Timber that’s generating a fair bit of interest, since it compares real economic growth and inflation for the “G7” c...
More on inflation, violence and identification
Chris has responded to my previous post, which he frames as a criticism of his research. I should state upfront that this does not strike me as entirely accu...
Review - Economics Evolving (Agnar Sandmo)
Following an email exchange with Dan Kuehn and Jon Catalán, I decided that it was finally time to write up a review for Agnar Sandmo’s “Economics Evolving” (...
Debt and utility come alive!
As promised, here is an interactive Excel spreadsheet showing how utility changes in a debt-financing scenario versus the laissez faire case. Read my previou...
The plot thickens in the debt debate
Since joining this debate, I have consistently argued that deficit financing is no less sustainable than taxation if economic growth is at least equal to the...
Even more debt and inheritance (and sales)
Bob Murphy and another commentator have left some interesting observations underneath my last post. They basically want to distinguish between straight-up be...
Debt and inheritance
UPDATE: Spotted an important typo in the text that I’ve now corrected for. I’ve also added a sentence or two to the paragraph before the Baker quote to hopef...
The problem with economic school-ism
Economists are a tribal bunch. The endless list of denominations, schools and sub-schools would be enough to make a Christian theologian blush.<div><...
Quick links (05/05/2012)
I’m about to go into a pre-exam blogging hibernation, but here are some links to keep you interested:1) Ed Dolan gives a nice overview of the economic issues...
Quote(s) of the Day - Marxism
Just to prove my even-handedness on this issue of a priorism and empirical validation, here is the father of the falsification doctrine himself, Karl Popper,...
More on Malthus
If you don’t wish to take my word on Malthus, here’s a snippet from Econlib’s excellent encyclopedia entry that I’ve just stumbled upon:<blockquote class=...
Don’t let be misunderstood: Malthus edition
Poor Thomas Malthus. Has there ever been a more maligned and misunderstood figure in the history of economics? With depressingly few exceptions, both his cri...
The language of science: Paleo edition
I've developed an armchair interest in the so-called "paleo" diet. Among other things, my curiosity was piqued when Tim Noakes — one of South Africa's ...
Cardinal sins
The French statesman Charles Talleyrand famously lamented of the Bourbons: “They have learned nothing and forgotten nothing.“<table align="center" cellp...
Economics > Doing the right thing
Drowning in university work here, so no time for any blog posts. In the meantime, read this article by Gernot Wagner, who has a new book out explaining why e...
Rhino horn! Homeopathy! Psychics!
A few weeks ago, the South African government announced that it was appointing a team to reconsider the ban on the trade in rhino horn. In short, the idea is...
Privileging theory over evidence
It’s late and my brain is in desperate need of sleep, but I’ve just read something very interesting on the Mises.org blog (via Twitter). In particular, Bob M...
Putting a price on nature (II)
Yesterday, I wrote a post in response to George Monbiot's recent column, "The true value of nature is not a number with a pound sign in front", which laments...
Putting a price on nature (I)
George Monbiot has produced another thought-provoking column this week. However, rather than take his fellow greens to task for their irrational and self-def...
A thought on supply-side micro…
The Financial Times ran a story yesterday about Britain and Switzerland closing in on a deal regarding the taxation of the undeclared assets of wealthy indiv...
Links - Market Design edition
Regular readers[*] will know that a favourite theme of this blog is thinking about how — and where — markets function “optimally”, versus cases where some fo...
It’s official…
You may have noticed that things have been a bit slow around the Corral lately. Primary reason being that I have been involved in numerous applications and i...
Action Axiom: Rothbard contra Mises/Kant
Okay, last thing I’m going to post on the action axiom for a while, but a friend (of unabashed anarcho-capitalist persuasions) emails me:<blockquote>Yo...
Links - Anti-polemic edition
It’s something of a point of pride that I don’t wish this blog to descend into a polemic. In that spirit, here are several links to some interesting articles...
George Selgin on the Action Axiom
Plus my reply.I was pleasantly surprised to see George Selgin leave a comment underneath my previous post concerning Mises’s action axiom. In case you missed...
Mises’s action “axiom” or false dichotomy?
I’ve been watching the recent libertarian conundrum - concerning the morality of using taxes to prevent a killer asteroid from wiping out humanity - with gre...
Two quick links - Krugman edition
Paul Krugman is the ultimate polarising force. People either love him or loathe him. I suppose that’s what comes with the territory when you are, arguably, t...
Exploitation and Industrialisation
In the comments thread of the Meat and Veg(etarianism) post, I drew a parallel between the ethical treatment of animals and the banning of child labour. That...
Physics Envy (again)
Seeing as I've covered the topic a few times already, here is an interesting - and surprisingly amusing - presentation by Andrew Lo of MIT, based o...
The Nobel Prize Winners in Economics for 2010
And, yes, I know that it’s not really the correct thing to call it:Straight from the horse’s mouth:<blockquote>The Sveriges Riksbank Prize in Economic ...
Why we need maths in economics
Secondary subject line: Why words and intuition aren’t always good enough. A lot has been written about the use of mathematics in economics. Much of it nega...
Music
More good music for your listening pleasure
It occurs to me that I haven’t mentioned my Noondaytune contributions in ages. Without further ado and including some snippets from my rather lyrical write-u...
Asimbonanga (Mandela)
Asimbonanga (We have not seen him) Asimbonang' uMandela thina (We have not seen Mandela) Laph'ekhona (In the place where he is) Laph'ehleli khona (In the...
TEDxBergen
I mentioned the other day that I acted as moderator for the recent TEDxBergen conference. Videos of the various talks have now been posted online, but here a...
July playlist
My fellow Noondaytune.com contributors have outdone themselves with some very cool song choices during the month of July. I say this with some authority as i...
Music updates
My latest contributions to Noondaytune are a mix of classic rock and Nordic lo-fi (complete with a youth choir). Something for everyone!1) Crosby, Stills, Na...
Happenings
Given the inadvertent success of my previous post, I’ve decided to take the philosophical route for this next one: My fifteen minutes of quasi-blogosphere fa...
Recent Noonday Tune contributions
“Junk Bond Trader” — Elliott Smith“Love Spreads” — The Stone Roses(Worth clicking through for the descriptions alone!)
Noonday Tune
I get quite a bit of flack from (non-economist) friends and family whenever this blog goes too long without a music intermission... or some other distraction...
Backyard (royal) skulls
People seem to be pretty excited by the discovery of Richard III’s skeleton underneath a Leicestershire car park. I suppose this would be quite interesting i...
Sunday night music - Eddie Vedder & The Heartbreakers
Eddie Vedder really does have the most awesome voice around, doesn’t he? [Note: I will fight you if you disagree.]Not that he does anything spectacular by hi...
Quick links (05/05/2012)
I’m about to go into a pre-exam blogging hibernation, but here are some links to keep you interested:1) Ed Dolan gives a nice overview of the economic issues...
Happy St Paddy’s
I hope my Irish forebears would approve.<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/FLsMvGCFtOU" width="420"...
Cover Thursdays - James Morrison edition
When James Morrison first came on to the scene, I was distinctly of the “meh” opinion. His debut album Undiscovered was everywhere I looked and, for the life...
Kings of Convenience - Me in You
If for no other reason than my apartment gets some camera time.[]Some very mellow Sunday night listening with suitably serene Scandinavian scenes.<iframe ...
The Meters - Ain’t No use
Because it’s Sunday and you deserve it. <iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/mc8g41fB28k" width="420"...
Walk Off The Earth - “Somebody that I used to know”
It may not be Thursday and the opening guitar riff is uncannily reminiscent of Baa Baa Black Sheep, but this is one of coolest covers I’ve heard/seen in ages...
Cover Thursdays - Ni’ Zilund edition
In search for a unifying theme for this week’s Cover Thursdays post, I suppose that I can do no better than tip my hat to the Rugby World Cup in New Zealand....
Cover Thursdays - Poncey Dylan edition
Guest post.My mate, Poncey notes my calls for help RE this whole blogging thing and a lack of sufficient posting time. I would also let the record state that...
Cover Thursdays - Instrumetalist edition
And, yes, I did mean to spell it that way.Just got some time to squeeze this in before a self-imposed deadline… I feel it’s high time we had something a litt...
Cover Thursdays - 90s throwback edition
Super quick post as I’m off to catch a plane shortly, but here’s a little something to take you back a decade or so:1) The awesome Karen O leads her Yeah Yea...
Red House Painters - Have You Forgotten
Talking about the Vanilla Sky soundtrack, here’s a great example of a “nearly perfect” song. I’m not sure where the problem lies exactly, but it’s just missi...
Cover Thursdays - Stripped Down edition
Coming attcha live from the beautiful Lake District in Cumbria, where I am soon to be attending a wedding, here’s a little something to whet your appetite be...
Hiatus and Happenings
I’ve been receiving abuse from various quarters lately for the lack of posting on this site. My apologies, but I’d sworn of any real computer activity for ...
Cover Thursdays - Poncey Special edition
I’m in a world of thesis pain at the moment. My hand-in is just around the corner and I’m frantically making some revisions based on the last set of my super...
Cover Thursdays - Justin Vernon edition
Coming at ya live outta southern Denmark[*], a (very) quick Cover Thurdays edition to keep you interested.Most of you probably know Justin Vernon as the brai...
Cover Thursdays - Leonard Cohen edition
[NOTE: This post did originally appear on a Thursday (May 12, to be exact), but has since been “moved” following the blogger spaz out over the weekend. Just ...
The awesomeness of Frightened Rabbit
Commentator Dave asks a question on this post; what album would I consider worthy of the title “2008 Album of the Year”? (See the post for date context.)<...
Cover Thursdays - TV on the Radio edition
I was giving the new TV on the Radio album, Nine Type of Light, a listen/watch yesterday. I like the ambition of the concept…<blockquote>Nine Types of ...
Cover Thursdays - Gaslight Anthem
The only logical step after last week’s Springsteen edition is these fellas. (Well, logic and the fact that I’m still alarmingly short on time just before th...
Cover Thursdays - The Boss edition
So, a few months ago the internets were alight about Jimmy Fallon’s Neil Young impression… And I have to say, it’s pretty damn good. Spookily spot on and fun...
Cover Thursdays - Plumpish and awesome edition
My mate Nic used to run a regular segment over at his blog called “Cover Thursdays”. He’s since put his musings on the back burner a bit, but I really like w...
Guess who has tickets to watch The National?
That would be me.Campo Pequeno, Lisbon. May 24.<iframe allowfullscreen="" frameborder="0" height="349" src="http://www.youtube.com/embed/JUhpzyun8SE" titl...
Aphorism of the Day - Harmonicas
A harmonica solo will improve a song's awesomeness by approximately 15%. Stick a Hammond B-3 in there and it'll boost you to 20%.[*] That is from l’il old me...
Muse - Map of the Problematique
That is all.
Junk Bond Trader
I’m a little short on time to post anything substantial, but I figure a music post is overdue anyway. And so, with the news that Bernie Madoff has claimed th...
Leaving Europe in a few hours
The taxi arrives in three and a half hours to be precise... And it's just gone midnight now, so you can guess how I'm going to be feeling after the 16-odd ho...
Merry Engerland
Exams all done and dusted :) Went reasonably well. Some time issues for two of them, but that's nothing uncommon for me to be honest... Anyway, just a quic...
New Goldfish single - “Get Busy Living”
Very nice, chaps.<div></embed></div><div></div><div style="text-align: justify;">HT: 2oceansvibe.</div><div styl...
Sunday Soul Patch - The Sam Cooke edition
Sam Cooke.So many to choose from, but just keeping it relaxed tonight…</embed></embed>
Passage of the day - Of Columbus, Conquistadors and Cruelty
So I'm a few days late, but Monday was Columbus Day for our friends over States' side. I know this because Aguanomics mentioned it at the time, offering the ...
In honour of my Austrian visitors
So it seems that my “Why we need maths in economics” post was picked up by someone in the Mises.org community… Who, in turn, may have first read about it on ...
Smokey Robinson - The Tracks Of My Tears Live (1965)
</embed> Sunday evening and a bit of Smokey in the background.Nothing wrong with that.How sweet are those moves?
Quote of the day
Well, more chirp of the day, but let's not split hairs here. So sharp...NMTB hasn't been quite the same since Simon Amstell left as regular host, but still a...
Has the last decade produced a better band than Arcade Fire?
No immediate candidates spring to mind.</embed><div class="MsoNormal" style="text-align: center;">SUBURBAN WAR</div><div class="MsoNorma...
Climate Change
Climate capers at Cato
Dodgy statistics at the Cato Institute
On economic “consensus” and the benefits of climate change
Matt Ridley’s tenuous appeal to authority
Joe Romm’s cognitive dissonance on renewables, nuclear and shale gas
I used to be an avid reader of Joe Romm’s “Climate Progress” blog. However, my enthusiasm has waned dramatically over the years due to his selective presenta...
Manufactured controversy and the “hockey stick”: A football analogy
Even if you’re only vaguely aware of the climate change debate, then you will probably have heard of the “hockey stick”. You know, this bad boy:<table ali...
China to reduce coal consumption?
I’ve tried to emphasise the importance of relative concepts many times on this blog. However, there are occasions when relative measures can also be more tha...
How methane emissions could actually be good for the climate
This was the title of a post I wrote last week for the Recon Hub.It may seem like I am merely trolling for viewer hits here. However, the logic behind this c...
Advocacy and climate research
The latest furore to erupt in the climate blogosphere concerns whether climate scientists undermine their credibility by engaging in advocacy? (For some resp...
I, for one, welcome our new technocratic, environmentalist, socialist overlords
Any group that successfully manages to perpetrate a hoax involving tens of thousands of individuals from all over the world… would sure be able to elect a po...
Energy Collective post - Natural gas and long-term climate goals
I should perhaps have mentioned this last Friday when it was published, but my new post for The Energy Collective is up: Bridging the Gap? Natural gas and lo...
New writing gig - The Energy Collective
Some exciting news for yours truly is that I’ll be writing a series of articles for the excellent energy and climate website, The Energy Collective, as part ...
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
Electricity prices, river temperatures and cooling water scarcity
My paper on the water-energy nexus now forthcoming
Gas booms and carbon leakage
Following what I hope is my last written exam ever earlier this month, I must apologise for the sporadic posting of late. You see, I’ve also made my way home...
Murphy vs Nordhaus vs Me summarized
It might be difficult to keep track of things in my previous post, because the lengthy discussion involves numerous claims and counterclaims. With the aim in...
Nope, Nordhaus is still (mostly) right
[NB: See the UPDATE at the bottom of this post.]Following our previous tête-à-tête on the Heartland Affair, here’s a response to Bob Murphy’s latest post on ...
Casting further doubt on Bob’s “Heartland” arguments
Bob Murphy's whole spin on the Heartland / Peter Gleick affair really bothered me. At first, I just dove straight into the responses without doing a lot of b...
Bob Murphy on Heartland and Gleick
Bob Murphy is probably the one “Austrian” school blogger that I make a sincere effort to follow. I don’t agree with everything — or even most — of what he wr...
Climate mitigation as a secondary benefit
But keep it quiet.I spent some time last week with the Dutch economist, Johannes Bollen, who was visiting my university to present his research on the “co-be...
Science and distortion
Below is a video of the late climate scientist, Stephen Schneider. Please watch it and tell me that scientists are the ones trying to polarize this debate an...
Economics > Doing the right thing
Drowning in university work here, so no time for any blog posts. In the meantime, read this article by Gernot Wagner, who has a new book out explaining why e...
Climate change & the balance of probabilities
Freeman leaves a comment under an older post, regarding my statement that “[…]there are uncertainties in climate science - as any climate scientist worth his...
Avoiding hypocrisy on the big issues
Think of an important environmental issue. Now imagine that there is a large body of scientific research, underpinned by peer-reviewed literature, which has ...
Links - Market Design edition
Regular readers[*] will know that a favourite theme of this blog is thinking about how — and where — markets function “optimally”, versus cases where some fo...
Hippie Baptists and Libertarian Bootleggers
Like, take it easy, Man. Disclaimer: I’ve conflated a lot of libertarianism/Austrianism in post. This was partly for simplicity, but also because I’m recalli...
Links - Anti-polemic edition
It’s something of a point of pride that I don’t wish this blog to descend into a polemic. In that spirit, here are several links to some interesting articles...
Two quick links - Krugman edition
Paul Krugman is the ultimate polarising force. People either love him or loathe him. I suppose that’s what comes with the territory when you are, arguably, t...
Discount rates, relative prices and climate economics
Yesterday I wrote a bit about the "relative prices" argument for swift and decisive action against climate change. Some additional comments to provide c...
Food prices and climate change (gasp!)
Secondary subject line: The relative prices argument for strong action against climate change. Paul Krugman must have been feeling more provocative than usu...
2010 ties for hottest year on record
There or thereabouts. Just saying. PS - As for the floods in Australia, Brazil and elsewhere... I believe that those are the result of La Niña. I fin...
America is in good hands…
The Colbert ReportMon - Thurs 11:30pm / 10:30cChair Apparentwww.colbertnation.com</embed>Colbert Report Full Episodes2010 ElectionMarch to Keep Fear Al...
Experts, democracy and public opinion
Consider this a follow-up, of sorts, to my Facts vs Beliefs post...Going over what I had written there and then partaking in the comments section, ...
Facts vs Beliefs
I should really be studying... but my attention has been drawn to several articles and interviews over the last few weeks that coincide with a recurring them...
Carbon Price vs Technology (R&D) Initiatives
This coming in a few days late, but Rob Stavins continues with his series of excellent posts on environmental economics and policy instruments. In his most r...
The APS and others respond to the Harold Lewis resignation letter
As reported last week, a physicist by the name of Hal Lewis resigned from the American Physical Society, citing his belief that the APS has been irrevocably ...
Climate Change - Two steps forward, two steps back
Sigh. After the "No Pressure" video debacle[*], you would think that this week had run out of shite hands to deal the proponents of the AGW theory.&nbs...
Energy
Centralised versus decentralised
What is the energy future of sub-Saharan Africa?
Joe Romm’s cognitive dissonance on renewables, nuclear and shale gas
I used to be an avid reader of Joe Romm’s “Climate Progress” blog. However, my enthusiasm has waned dramatically over the years due to his selective presenta...
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
China to reduce coal consumption?
I’ve tried to emphasise the importance of relative concepts many times on this blog. However, there are occasions when relative measures can also be more tha...
How methane emissions could actually be good for the climate
This was the title of a post I wrote last week for the Recon Hub.It may seem like I am merely trolling for viewer hits here. However, the logic behind this c...
Happenings
Given the inadvertent success of my previous post, I’ve decided to take the philosophical route for this next one: My fifteen minutes of quasi-blogosphere fa...
Video - Fracking chat with David Zetland
I had a long video chat with David Zetland yesterday, where we discussed fracking, water pollution, property rights and a bunch of related issues. David’s ta...
Fracking and water pollution
My new article for The Energy Collective is up: Hydraulic Fracking and Water Pollution.There’s much debate about whether shale gas “fracking” (i.e. hydraulic...
Energy Collective post - Natural gas and long-term climate goals
I should perhaps have mentioned this last Friday when it was published, but my new post for The Energy Collective is up: Bridging the Gap? Natural gas and lo...
New writing gig - The Energy Collective
Some exciting news for yours truly is that I’ll be writing a series of articles for the excellent energy and climate website, The Energy Collective, as part ...
Chavez, Thatcher and the oil that binds them
Daniel Yergin (one of the world’s foremost energy experts) tweeted yesterday: “Too soon to say what Hugo Chavez’ death means for oil prices but it is certain...
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
Electricity prices, river temperatures and cooling water scarcity
My paper on the water-energy nexus now forthcoming
Gas booms and carbon leakage
Following what I hope is my last written exam ever earlier this month, I must apologise for the sporadic posting of late. You see, I’ve also made my way home...
Coffee drinkers and energy subsidies
Busy times over here with term papers due, TA work and finishing up some revisions for my current working paper. (Referee comments were pretty favourable, so...
Are charts of oil priced in gold really that impressive?
Okay, one more gold-related post before I go home…Following on from my last post, I’ve just clicked through to Chris’s website and seen a post titled, Petrol...
Quick links (05/05/2012)
I’m about to go into a pre-exam blogging hibernation, but here are some links to keep you interested:1) Ed Dolan gives a nice overview of the economic issues...
Earth Hour: Sending the right message?
In the build up to this year’s Earth Hour, humourless critics were once again up in arms about the fact that turning off the lights for one hour would have a...
Low-cost lighting from used plastic bottles
As a general rule, bottled water is not particularly good for the environment. If I were the judgmental type, I might even chime in that buying bottled water...
First journal submission
In other news…I finally submitted my (co-authored) paper to a journal yesterday.<div style="text-align: center;">Title: </div><div style="text...
Quick links - History Repeats Itself edition
Some things that I’ve been meaning to write about, but short on time[*]…1) A heavily fancied South Africa bombs out during the knock-out stages of the Cricke...
What’s wrong with this paragraph?
From The Economist:<blockquote>Of the nuclear plants that provide about a third of Japan’s electricity (see chart), Fukushima Dai-ichi is not the first...
Nuclear and Water
I’ve been drowning in work and other stuff lately, so no blog posts. Like everyone else though, I’ve been watching the unfolding tragedy in Japan and just ho...
Quick links - Saudi Arabia edition
Two interesting takes on Saudi oil production amidst all this trouble in North Africa and the current oil price spike.1) Interfluidity ponders what the priva...
Links - Anti-polemic edition
It’s something of a point of pride that I don’t wish this blog to descend into a polemic. In that spirit, here are several links to some interesting articles...
The “call on OPEC”
Reading through some of those Wikileaks’ cables from last week on how Saudi Arabia has been… uh… massaging the true extent of their remaining oil reserves, I...
Wikileaks: Saudis overstating oil reserves
… Apparently by as much as 40%.Heavy days.I’ve yet to read through the actual cables, but The Guardian’s summary doesn’t paint the prettiest picture:<bloc...
America is in good hands…
The Colbert ReportMon - Thurs 11:30pm / 10:30cChair Apparentwww.colbertnation.com</embed>Colbert Report Full Episodes2010 ElectionMarch to Keep Fear Al...
Solar thermal and water use in California
Having discussed some similar implications for the grandiose solar plans in South Africa, here's a snippet from an interview with Bright Source Energy CEO, J...
SA planning world’s biggest solar park
Very interesting: South Africa is to unveil plans this week for what it claims will be the world's biggest solar power plant – a radical step in a coal-depen...
Why we need maths in economics 2(a) - The Oil Tank Model
As promised, here is the first example of a highly stylised model, which — despite its unrealistic simplicity — still produces valid (and unexpec...
Blogging
Top posts on Stickman’s Corral for 2013
The stats don’t lie
Happenings
Given the inadvertent success of my previous post, I’ve decided to take the philosophical route for this next one: My fifteen minutes of quasi-blogosphere fa...
Econ blogosphere comment form
There is no cake-stagnation by Tyler Cowen Here. Paul Krugman writes about the virtues of black forest cake versus regular vanilla sponge. While ...
Milestones
Just clocked up our 30,000th pageview here at The Corral.<div></div><div>I feel that this a pretty respectable return for a (very) part-t...
Am I being unreasonable?
See the back-and-forth here.Generally, I try to be as civil as possible when it comes to internet debates. (Often is the time that I’ve rewritten a response ...
New writing gig - The Energy Collective
Some exciting news for yours truly is that I’ll be writing a series of articles for the excellent energy and climate website, The Energy Collective, as part ...
A note on the Vegter review
I’ve been pleasantly surprised by how popular my review of Ivo Vegter’s “Extreme Environment” has proven. I initially thought that only a handful of people w...
Back in business
Having said goodbye to family and friends after a wonderful holiday in South Africa, and then endured a 20-plus hour trip (two transit stops) back to Norway ...
Review: Surviving Progress
Apologies for the lack of posting recently. Aside from research stuff, most of my "internet" time has been spent working on the RECONOMICS HUB.[*] We have no...
Climate, economy and ladies
As a postscript to the previous entry, here’s a quick story about a newspaper interview that I had last week. It was with one of the major broadsheets of the...
Starting a new blog…
A group of us at my university have decided to start a blog dedicated to tackling environmental issues from an economic perspective. Things are still very mu...
Hibernation
You may have noticed that blogging activity around these parts has taken a marked turn for the worse lately. My life has turned into one soul-sapping assignm...
Casting further doubt on Bob’s “Heartland” arguments
Bob Murphy's whole spin on the Heartland / Peter Gleick affair really bothered me. At first, I just dove straight into the responses without doing a lot of b...
Housekeeping
Some of you may have noticed that I’ve changed the previous post — on Invisible Children and James Inhofe — around a bit since it was first published. I wrot...
Happy birthday to Stickman’s Corral!
Well, a day late… but that can probably only be described as fitting.Of course, recent postings have taken a severe backseat, as you might have observed. To ...
Service, interrupted
You may have noticed that blogging’s been a bit slow around these parts, lately. Please accept my apologies, but it’s a hard thing to rectify given my curren...
Hiatus and Happenings
I’ve been receiving abuse from various quarters lately for the lack of posting on this site. My apologies, but I’d sworn of any real computer activity for ...
Cover Thursdays - Poncey Special edition
I’m in a world of thesis pain at the moment. My hand-in is just around the corner and I’m frantically making some revisions based on the last set of my super...
The back burner
That special time of the year has arrived, when I’ll be foregoing the pleasures of summer and reaping the rewards of procrastination. Yup, it’s exam time for...
More of this please…
Steven Landsburg writes:<blockquote>When something is wrong on the Internet, bloggers love to pounce. But since no blogger is infallible, most of us ca...
What’s in a (psuedo) name?
Let me explain something to you. Um, I am not "Mr. Lebowski". You're Mr. Lebowski. I'm the Dude. So that's what you call me. You know, that or, uh, His Duden...
Humour
Ed Byrne on wedding planning
You wouldn’t understand unless you’ve been there
The life of a PHD… in GIFs.
Some of these are brilliant.
I was Ayn Rand’s lover
Posted this on twitter a few minutes ago, but I’ve just stumbled on the best piece of satirical writing that I have read in ages: I was Ayn Rand’s lover by G...
Too good not to share
File this under the "Unintended hilarity" section. Via Ryan Coetzee, I see that South Africa’s beloved Minister of Sport and Recreation, Mr Fikile Apri...
Why do we pay tax on plastic bags?
Because here’s why:<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/xPphi3YES80" width="560"></iframe>Fo...
Homeopathic A&E
Following Monday’s post, which touched on the murky world of alternative medicine… South African comedian, Warren Robertson links to a brilliant Mitchell and...
A little bit of Friday awesome
That is all.Have a good weekend everyone.
Finally…
The academic paper that you’ve been waiting for! Zombie guru, George A. Romero, teams up with Columbia statistician, Andrew Gelman, as they seek to answer th...
Cover Thursdays - Instrumetalist edition
And, yes, I did mean to spell it that way.Just got some time to squeeze this in before a self-imposed deadline… I feel it’s high time we had something a litt...
An oldie, but a goodie
Happy Easter, everyone.
“To the Moulin Rouge Dancers!”
That little beauty of a subject line is the title of an email that I received today. The message itself reads:<blockquote>Dear [XXX]You all were FANTAS...
Quick links - History Repeats Itself edition
Some things that I’ve been meaning to write about, but short on time[*]…1) A heavily fancied South Africa bombs out during the knock-out stages of the Cricke...
The Castle: “It’s the vibe”
Yesterday, I mentioned The Castle. If you haven’t seen this Aussie comedy gem yet, I advise you rectify the situation ASAP. Your life will be better for it.&...
xkcd - Beliefs
Can’t believe I missed this one…HT: Lou Grinzo
Fancy a cruise?
This gets better and better…<div><div style="text-align: justify;"></div></div><div></div><div><div style="text-...
Movember
Anyone out there doing Movember? Movember (the month formerly known as November) is a month long moustache growing charity event held each year to help raise...
Quote of the day - Fish
Speaking of life in the oceans…<blockquote>“Sharks are just evil bastards. I’m quite happy if all the sharks just went, because they eat fish and us… A...
Quote of the day
Well, more chirp of the day, but let's not split hairs here. So sharp...NMTB hasn't been quite the same since Simon Amstell left as regular host, but still a...
Lost in translation
Smallpox pizza
Quote of the Day
Quote of the Day - Madiba
I was seven years old, and on the day before I was to begin, my father took me aside and told me that I must be dressed properly for school. Until that time,...
Quote of the Day - Privacy
"At a moment of austerity and with a general sense that our state's ability to guarantee prosperity for its citizens is in retreat, that same state is about ...
Quote of the Week - Schadenfreude
"[T]he British are the only people who indulge in schadenfreude – pleasure derived from another’s misery – about themselves." An oldie, admittedly, but nicel...
Quote of the day - Occam’s Razor
Finally, in some areas at least, Nature seems to show an inexplicable simplicity. This is a brute fact, more or less of a bonus, which if it had not existed ...
The sardonic Adam Smith
In reality high profits tend much more to raise the price of work than high wages. [...]In raising the price of commodities the rise of wages operates in the...
Quote of the day - Rebellion
After the previous post, I’m afraid it’s unavoidable:<div style="text-align: center;">“If they give you ruled paper, write the other way.”</div>&...
Quote of the day - Let it stand
This one comes via my friend and rival literatus</i>, Bloomsboy[*]. It concerns James Joyce’s relationship with protégé and Waiting for Godot playwrigh...
Quote of the day - A priori reasoning
"The a priori reasoning is so entirely satisfactory to me that if the facts won't fit in, why so much the worse for the facts." - Erasmus Darwin, writing to ...
Quote of the day - Consensus
Reading through the comments on a YouTube video is normally enough to make you despair for humanity. Every now and again, however, you come across some gold....
A little bit of Friday awesome
That is all.Have a good weekend everyone.
Quote of the day - Burning Bridges
May the bridges I burn light the way. - Anon.
Quote of the day - Terrorism
"You don't protect civilization by dismantling its civilizing achievements." - Tom Arnold, former member of the British Parliament.
Aphorism of the Day - Harmonicas
A harmonica solo will improve a song's awesomeness by approximately 15%. Stick a Hammond B-3 in there and it'll boost you to 20%.[*] That is from l’il old me...
Chirp of the Day - Australia
A Norwegian friend of mine was telling me about the first time he ever traveled outside of Europe, which happened to be a gap-year stint in Australia after...
Quote of the Day - Idiots
"Never argue with an idiot. He'll drag you down to his level and beat you with experience." Not sure of the original source, but spotted this pithy little pi...
Quote of the day - Fish
Speaking of life in the oceans…<blockquote>“Sharks are just evil bastards. I’m quite happy if all the sharks just went, because they eat fish and us… A...
Passage of the day - Of Columbus, Conquistadors and Cruelty
So I'm a few days late, but Monday was Columbus Day for our friends over States' side. I know this because Aguanomics mentioned it at the time, offering the ...
Story of the day - Man gang-raped by three women
Africa. Where men are men. And so, it seems, are certain women... The following link was posted on my facebook profile by an Italian friend: <blockquote&...
Quote of the day
Well, more chirp of the day, but let's not split hairs here. So sharp...NMTB hasn't been quite the same since Simon Amstell left as regular host, but still a...
Quote of the day - Experts
An expert is one who knows more and more about less and less. - Nicholas Butler Take THAT Adam Smith! Mild sarcasm font over, there are obviously produ...
Facepalm
Do weak currencies lead to trade deficits?
Spoiler: Correlation != causation
Climate capers at Cato
Dodgy statistics at the Cato Institute
On economic “consensus” and the benefits of climate change
Matt Ridley’s tenuous appeal to authority
Of Vikings and Credit Rating Agencies
The worst game of musical chairs ever
Bad science: Paleo diet edition
A while ago, I wrote a post praising the scientific approach that advocates of the paleo diet</a> appeared to be adopting in arguing their case. In par...
Joe Romm’s cognitive dissonance on renewables, nuclear and shale gas
I used to be an avid reader of Joe Romm’s “Climate Progress” blog. However, my enthusiasm has waned dramatically over the years due to his selective presenta...
Manufactured controversy and the “hockey stick”: A football analogy
Even if you’re only vaguely aware of the climate change debate, then you will probably have heard of the “hockey stick”. You know, this bad boy:<table ali...
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
I, for one, welcome our new technocratic, environmentalist, socialist overlords
Any group that successfully manages to perpetrate a hoax involving tens of thousands of individuals from all over the world… would sure be able to elect a po...
Unintended consequences
During the last year, South Africa has been in the throes of violent upheaval in the mining industry. Most prominently the “Marikana massacre”, which receive...
Climate, economy and ladies
As a postscript to the previous entry, here’s a quick story about a newspaper interview that I had last week. It was with one of the major broadsheets of the...
Slogans for Heartland
Given my previous discussion of the Heartland Institute and climate change, I feel to compelled to comment on this latest development. From The Guardian:<...
The real reason to be wary of Kony 2012
With the internet abuzz about Invisible Children’s “Kony 2012” viral campaign, it was predictable that there would be some blow-back from critics. The most c...
Irony
From the Wikipedia page on Agricultural Policy:<blockquote class="tr_bq">Some argue that nations have an interest in assuring there is sufficient domes...
Homeopathic A&E
Following Monday’s post, which touched on the murky world of alternative medicine… South African comedian, Warren Robertson links to a brilliant Mitchell and...
Quick links - History Repeats Itself edition
Some things that I’ve been meaning to write about, but short on time[*]…1) A heavily fancied South Africa bombs out during the knock-out stages of the Cricke...
Dumb regulation
As should be clear from some of my previous posts, I think that some areas of our economy are in need of regulation; others distinctly less so. Her...
America is in good hands…
The Colbert ReportMon - Thurs 11:30pm / 10:30cChair Apparentwww.colbertnation.com</embed>Colbert Report Full Episodes2010 ElectionMarch to Keep Fear Al...
Facts vs Beliefs
I should really be studying... but my attention has been drawn to several articles and interviews over the last few weeks that coincide with a recurring them...
Environment
Happenings
Given the inadvertent success of my previous post, I’ve decided to take the philosophical route for this next one: My fifteen minutes of quasi-blogosphere fa...
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
Review: Surviving Progress
Apologies for the lack of posting recently. Aside from research stuff, most of my "internet" time has been spent working on the RECONOMICS HUB.[*] We have no...
Quick links (05/05/2012)
I’m about to go into a pre-exam blogging hibernation, but here are some links to keep you interested:1) Ed Dolan gives a nice overview of the economic issues...
Earth Hour: Sending the right message?
In the build up to this year’s Earth Hour, humourless critics were once again up in arms about the fact that turning off the lights for one hour would have a...
Climate mitigation as a secondary benefit
But keep it quiet.I spent some time last week with the Dutch economist, Johannes Bollen, who was visiting my university to present his research on the “co-be...
A very interesting paper…
From the latest American Economic Review:<div style="text-align: center;">Environmental Accounting for Pollution in the United States Economy</div&g...
Easter Island - History revisi(onis)ted?
I’ve just handed in a fat micro assignment and thus finally seen the back of a hellish two weeks. Twelve-hour days (plus) have become the new norm… and the...
Reconciling capitalism and environmentalism
Alternative subject line: Saving environmentalism from the environmentalistsMy attention has been brought to a new book by the British environmentalist and a...
Putting a price on nature (II)
Yesterday, I wrote a post in response to George Monbiot's recent column, "The true value of nature is not a number with a pound sign in front", which laments...
Putting a price on nature (I)
George Monbiot has produced another thought-provoking column this week. However, rather than take his fellow greens to task for their irrational and self-def...
Avoiding hypocrisy on the big issues
Think of an important environmental issue. Now imagine that there is a large body of scientific research, underpinned by peer-reviewed literature, which has ...
Tort law is no panacea for the environment
Looking over the comments section of an old post, I realised that I had yet to make good on a promise to “flesh out my scepticism regarding the ability of to...
“Our climate isn’t the only green concern”
UPDATE: The forest sell-off has been shelved following a massive public outcry.That’s the title of a short article by Michael McCarthy, the environmental edi...
Discount rates, relative prices and climate economics
Yesterday I wrote a bit about the "relative prices" argument for swift and decisive action against climate change. Some additional comments to provide c...
Food prices and climate change (gasp!)
Secondary subject line: The relative prices argument for strong action against climate change. Paul Krugman must have been feeling more provocative than usu...
Carbon Price vs Technology (R&D) Initiatives
This coming in a few days late, but Rob Stavins continues with his series of excellent posts on environmental economics and policy instruments. In his most r...
Paul Collier talk on “The Plundered Planet”
I went to a talk last night by Paul Collier. For those of you who don't know, Collier is a big cheese in the development studies world, probably best known f...
Self-indulgence
While I’d normally apologise for the lack of posting…
Preoccupied with more pressing matters
Ed Byrne on wedding planning
You wouldn’t understand unless you’ve been there
Top posts on Stickman’s Corral for 2013
The stats don’t lie
Obligatory comment on the 2013 Nobelists
Seeing as it is very de jour to comment on this sort of thing in the econ blogosphere, here is a quick personal take:I know that this year’s laureates have r...
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
Happenings
Given the inadvertent success of my previous post, I’ve decided to take the philosophical route for this next one: My fifteen minutes of quasi-blogosphere fa...
Milestones
Just clocked up our 30,000th pageview here at The Corral.<div></div><div>I feel that this a pretty respectable return for a (very) part-t...
New writing gig - The Energy Collective
Some exciting news for yours truly is that I’ll be writing a series of articles for the excellent energy and climate website, The Energy Collective, as part ...
Back in business
Having said goodbye to family and friends after a wonderful holiday in South Africa, and then endured a 20-plus hour trip (two transit stops) back to Norway ...
International Energy Workshop in June
Sweet news.I’ll be presenting my paper on electricity prices and water scarcity at this year’s International Energy Workshop, which will be held in…Cape Town...
We’ll go no more a roving
In the rapidly fading twilight that is my 20s, please indulge me. ~ So, we'll go no more a roving So late into the night, Though the heart be still as ...
Happy birthday to Stickman’s Corral!
Well, a day late… but that can probably only be described as fitting.Of course, recent postings have taken a severe backseat, as you might have observed. To ...
First journal submission
In other news…I finally submitted my (co-authored) paper to a journal yesterday.<div style="text-align: center;">Title: </div><div style="text...
Four-Year Plans…
So, my PhD programme began today. We’re starting with a preparatory maths and statistics course, before getting into the core modules — micro, macro, ‘metric...
Thesis = Submitted
Feels like a fat bloody gorilla climbing down off my back.I’m exhausted after working very late over the last couple weeks to get everything done in time… An...
More of this please…
Steven Landsburg writes:<blockquote>When something is wrong on the Internet, bloggers love to pounce. But since no blogger is infallible, most of us ca...
Happy birthday to me
I feel you, brother. Still under 30.Just.I’d better start reading…
Travel
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
Summer has arrived
Yesterday. Finally.Please stay!<div class="separator" style="clear: both; text-align: center;"></div>
Hardship on the slopes
The posts may have dried up a tad here at the Corral, but things have been busy for yours truly back in the real world. Most notably going away for our depar...
A journey through the seasons
After my previous Norway bump, here are two videos that seem appropriate.<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.c...
Another post on empirics (and a priorism)
I was away last week in Amsterdam taking part in The Econometric Game, a competition involving 30 universities from around the world. Despite the… hmmm… dour...
International Energy Workshop in June
Sweet news.I’ll be presenting my paper on electricity prices and water scarcity at this year’s International Energy Workshop, which will be held in…Cape Town...
Kings of Convenience - Me in You
If for no other reason than my apartment gets some camera time.[]Some very mellow Sunday night listening with suitably serene Scandinavian scenes.<iframe ...
Hiatus and Happenings
I’ve been receiving abuse from various quarters lately for the lack of posting on this site. My apologies, but I’d sworn of any real computer activity for ...
Cover Thursdays - Justin Vernon edition
Coming at ya live outta southern Denmark[*], a (very) quick Cover Thurdays edition to keep you interested.Most of you probably know Justin Vernon as the brai...
Being back Bri’ish & other immigration debates
There’s a lot of talk about immigration policy these days.I wonder, however, how many of you have ever found yourself on the wrong side of the, er… immigrati...
Snakes on a Plane: The (African) Sequel
Apologies for the lack of posting recently. To borrow a phrase, course work and project deadlines have been tearing me some new ones. As a reward for your pa...
Tyler Cowen’s favourite things South Africa
The alarmingly prodigious Tyler Cowen has a post up on his favourite things South Africa:<blockquote>I have yet to go, but here is what I admire so far...
To the heart of the Euro crisis!
Well, maybe not the heart... Pancreas perhaps? After seriously hacking to sort out the correct visa (I <3 immigration bureaucracies), I'm off to Portugal!...
Chirp of the Day - Australia
A Norwegian friend of mine was telling me about the first time he ever traveled outside of Europe, which happened to be a gap-year stint in Australia after...
Merry Engerland
Exams all done and dusted :) Went reasonably well. Some time issues for two of them, but that's nothing uncommon for me to be honest... Anyway, just a quic...
Lost in translation
Smallpox pizza
Academics
Why are economic journal articles so long?
Supplementary materials FTW
The life of a PHD… in GIFs.
Some of these are brilliant.
Publication/dissertation update
After spending nearly a year in Land Economics’ publication queue, I’m pleased to say that my joint paper on “Electricity Prices, River Temperatures and Cool...
TEDxBergen
I mentioned the other day that I acted as moderator for the recent TEDxBergen conference. Videos of the various talks have now been posted online, but here a...
Predictable Nobel Prizes in the Economic Sciences?
The subject line is taken from an email sent around my department by one of the finance profs. Here’s the email itself:<blockquote class="tr_bq">A curi...
Obligatory comment on the 2013 Nobelists
Seeing as it is very de jour to comment on this sort of thing in the econ blogosphere, here is a quick personal take:I know that this year’s laureates have r...
Happenings
Given the inadvertent success of my previous post, I’ve decided to take the philosophical route for this next one: My fifteen minutes of quasi-blogosphere fa...
Electricity prices, river temperatures and cooling water scarcity
My paper on the water-energy nexus now forthcoming
Back in business
Having said goodbye to family and friends after a wonderful holiday in South Africa, and then endured a 20-plus hour trip (two transit stops) back to Norway ...
Climate, economy and ladies
As a postscript to the previous entry, here’s a quick story about a newspaper interview that I had last week. It was with one of the major broadsheets of the...
First journal submission
In other news…I finally submitted my (co-authored) paper to a journal yesterday.<div style="text-align: center;">Title: </div><div style="text...
Service, interrupted
You may have noticed that blogging’s been a bit slow around these parts, lately. Please accept my apologies, but it’s a hard thing to rectify given my curren...
Four-Year Plans…
So, my PhD programme began today. We’re starting with a preparatory maths and statistics course, before getting into the core modules — micro, macro, ‘metric...
Thesis = Submitted
Feels like a fat bloody gorilla climbing down off my back.I’m exhausted after working very late over the last couple weeks to get everything done in time… An...
It’s official…
You may have noticed that things have been a bit slow around the Corral lately. Primary reason being that I have been involved in numerous applications and i...
Water
Video - Fracking chat with David Zetland
I had a long video chat with David Zetland yesterday, where we discussed fracking, water pollution, property rights and a bunch of related issues. David’s ta...
Fracking and water pollution
My new article for The Energy Collective is up: Hydraulic Fracking and Water Pollution.There’s much debate about whether shale gas “fracking” (i.e. hydraulic...
Electricity prices, river temperatures and cooling water scarcity
My paper on the water-energy nexus now forthcoming
At least our benevolent Google overlords care
about their water footprint. <iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/lJnlgM1yEU0" width="560"></if...
Low-cost lighting from used plastic bottles
As a general rule, bottled water is not particularly good for the environment. If I were the judgmental type, I might even chime in that buying bottled water...
First journal submission
In other news…I finally submitted my (co-authored) paper to a journal yesterday.<div style="text-align: center;">Title: </div><div style="text...
Quick links - History Repeats Itself edition
Some things that I’ve been meaning to write about, but short on time[*]…1) A heavily fancied South Africa bombs out during the knock-out stages of the Cricke...
What’s wrong with this paragraph?
From The Economist:<blockquote>Of the nuclear plants that provide about a third of Japan’s electricity (see chart), Fukushima Dai-ichi is not the first...
Nuclear and Water
I’ve been drowning in work and other stuff lately, so no blog posts. Like everyone else though, I’ve been watching the unfolding tragedy in Japan and just ho...
Solar thermal and water use in California
Having discussed some similar implications for the grandiose solar plans in South Africa, here's a snippet from an interview with Bright Source Energy CEO, J...
More water issues in SA
(Semi) fresh on the heals of The Corral's coverage of an appeal to major water-using companies to fund "an extensive water monitoring project" in South Afric...
Water pricing in different sectors
My previous post linked to a new alarming/alarmist (potato, potahto) study of South Africa’s water pollution problems. I mentioned some economic elements tha...
“South Africa facing water pollution crisis”
Supplies, supplies. (See what I did there?) So back home, more and more people are cottoning on to the fact that the local water situation ain't looking too...
Behavioural Economics
Home bias in sovereign ratings
Rating agencies suffering from local blindspots
McDermott and Shleifer double-team Taleb and Kahneman
Not really. But I did enjoy reading the following passage from Andrei Shleifer’s review of Daniel Kahneman’s (superb) Thinking, Fast and Slow. To give contex...
TEDxBergen
I mentioned the other day that I acted as moderator for the recent TEDxBergen conference. Videos of the various talks have now been posted online, but here a...
It’s not every day that you’re called an idiot by Nassim Taleb
Or a “bloggist” for that matter.Here and here.To be fair, Taleb has charged that many minds superior to my own are beset by idiocy, so I’m in reasonable comp...
Are there any four-minute miles in economics?
3:59.4Roger Bannister’s four laps of the Iffley Road Track on 6 May 1954 have been immortalised in the annals of sporting lore and human achievement. By beco...
A question for Nassim Taleb fans
I read an interesting article last night, detailing a public exchange between Daniel Kahneman and Nassim Taleb.<blockquote class="tr_bq">[E]ach man was...
Great TED talk on the evolutionary basis for religion
…, spirituality and co-operation by the psychologist Jonathan Haidt. My economist self was particularly interested in his thoughts on free-riding. The rest o...
Free will in a world of Mad Men
Mark Thoma links to a study discussing the limits — or "origins" might be more correct — of free will. I'll just highlight the snippet on implica...
Karl Smith on the importance of maths-free papers
... And simple allegorical stories to help our intuitive understanding of economic concepts. Here is an excerpt: I posted a link to Bryan Caplan’s paper...
Facts vs Beliefs
I should really be studying... but my attention has been drawn to several articles and interviews over the last few weeks that coincide with a recurring them...
Why we need maths in economics 2(b) - Schelling’s segregation model
Slightly later than planned... Here is the second example of a little maths helping to improve our analysis of a real economic problem. I received some comp...
God, morality and monkeys
And by "monkeys" I really mean "altruistic chimpanzees", but I'm a sucker for alliteration...I stumbled on a really excellent opinion piece in today's New Yo...
Maths and Economics - The Interlude
Those of you paying attention may have noticed that I yet to deliver on my promise to provide a second economic-maths example. Apologies for the delay, but ...
Regulation
Fracking and water pollution
My new article for The Energy Collective is up: Hydraulic Fracking and Water Pollution.There’s much debate about whether shale gas “fracking” (i.e. hydraulic...
Starting a new blog…
A group of us at my university have decided to start a blog dedicated to tackling environmental issues from an economic perspective. Things are still very mu...
Why do we pay tax on plastic bags?
Because here’s why:<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/xPphi3YES80" width="560"></iframe>Fo...
Irony
From the Wikipedia page on Agricultural Policy:<blockquote class="tr_bq">Some argue that nations have an interest in assuring there is sufficient domes...
Rhino horn! Homeopathy! Psychics!
A few weeks ago, the South African government announced that it was appointing a team to reconsider the ban on the trade in rhino horn. In short, the idea is...
A very interesting paper…
From the latest American Economic Review:<div style="text-align: center;">Environmental Accounting for Pollution in the United States Economy</div&g...
Links - Market Design edition
Regular readers[*] will know that a favourite theme of this blog is thinking about how — and where — markets function “optimally”, versus cases where some fo...
Tort law is no panacea for the environment
Looking over the comments section of an old post, I realised that I had yet to make good on a promise to “flesh out my scepticism regarding the ability of to...
Dumb regulation
As should be clear from some of my previous posts, I think that some areas of our economy are in need of regulation; others distinctly less so. Her...
Exploitation and Industrialisation
In the comments thread of the Meat and Veg(etarianism) post, I drew a parallel between the ethical treatment of animals and the banning of child labour. That...
America is in good hands…
The Colbert ReportMon - Thurs 11:30pm / 10:30cChair Apparentwww.colbertnation.com</embed>Colbert Report Full Episodes2010 ElectionMarch to Keep Fear Al...
Experts, democracy and public opinion
Consider this a follow-up, of sorts, to my Facts vs Beliefs post...Going over what I had written there and then partaking in the comments section, ...
Daylight savings, cigarette bans and the freedom to choose
Over on the aguanomics blog, David Zetland has a post arguing that the concept of Daylight Savings Time (DST) is "rubbish". He says that it does not contribu...
Externalities
China to reduce coal consumption?
I’ve tried to emphasise the importance of relative concepts many times on this blog. However, there are occasions when relative measures can also be more tha...
Review: Surviving Progress
Apologies for the lack of posting recently. Aside from research stuff, most of my "internet" time has been spent working on the RECONOMICS HUB.[*] We have no...
Why do we pay tax on plastic bags?
Because here’s why:<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/xPphi3YES80" width="560"></iframe>Fo...
Climate mitigation as a secondary benefit
But keep it quiet.I spent some time last week with the Dutch economist, Johannes Bollen, who was visiting my university to present his research on the “co-be...
A very interesting paper…
From the latest American Economic Review:<div style="text-align: center;">Environmental Accounting for Pollution in the United States Economy</div&g...
Should pregnant women be banned from smoking?
In several recent posts, Dan Kuehn advanced the notion that “the future” is, in some sense, an autarkic regime… Basically, that people in the future simply...
Links - Market Design edition
Regular readers[*] will know that a favourite theme of this blog is thinking about how — and where — markets function “optimally”, versus cases where some fo...
Hippie Baptists and Libertarian Bootleggers
Like, take it easy, Man. Disclaimer: I’ve conflated a lot of libertarianism/Austrianism in post. This was partly for simplicity, but also because I’m recalli...
Tort law is no panacea for the environment
Looking over the comments section of an old post, I realised that I had yet to make good on a promise to “flesh out my scepticism regarding the ability of to...
Daylight savings, cigarette bans and the freedom to choose
Over on the aguanomics blog, David Zetland has a post arguing that the concept of Daylight Savings Time (DST) is "rubbish". He says that it does not contribu...
Carbon Price vs Technology (R&D) Initiatives
This coming in a few days late, but Rob Stavins continues with his series of excellent posts on environmental economics and policy instruments. In his most r...
“South Africa facing water pollution crisis”
Supplies, supplies. (See what I did there?) So back home, more and more people are cottoning on to the fact that the local water situation ain't looking too...
Sport
Manufactured controversy and the “hockey stick”: A football analogy
Even if you’re only vaguely aware of the climate change debate, then you will probably have heard of the “hockey stick”. You know, this bad boy:<table ali...
Too good not to share
File this under the "Unintended hilarity" section. Via Ryan Coetzee, I see that South Africa’s beloved Minister of Sport and Recreation, Mr Fikile Apri...
Starting a new blog…
A group of us at my university have decided to start a blog dedicated to tackling environmental issues from an economic perspective. Things are still very mu...
Quick links (05/05/2012)
I’m about to go into a pre-exam blogging hibernation, but here are some links to keep you interested:1) Ed Dolan gives a nice overview of the economic issues...
Support NZ for the World Cup… It’s the right thing to do
So, South Africa bow out of the Rugby World Cup in a most frustrating and even inexplicable way. Yes, there is is justified cause for anger at the incompeten...
Like a kid on Christmas eve…
The Rugby World Cup 2011 starts tomorrow… BOOM!<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto...
Comrades
In a few hours, the start to the 86th Comrades Marathon will sound off. This year is an “up run”, as 18,000 runners of all race, creed and nationality set of...
What BMT looks like
Four straight birdies to close out The Masters.<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: aut...
Quick links - History Repeats Itself edition
Some things that I’ve been meaning to write about, but short on time[*]…1) A heavily fancied South Africa bombs out during the knock-out stages of the Cricke...
Torres on football clubs: “Romance is dead”
[HAPPY UPDATE: Well, well, well... What do you know? Perhaps romance isn't dead! Headline this morning: Torres endures nightmare debut as Liverpool regain ol...
Currie Cup Final
After a great start to the 2010 season, South African rugby descended into disappointment and embarrassment. Still, there's light at the end of the tunnel as...
Science
Bycatch paper published in Science
Reforming global fisheries has important collateral benefits
Why are economic journal articles so long?
Supplementary materials FTW
Bad science: Paleo diet edition
A while ago, I wrote a post praising the scientific approach that advocates of the paleo diet</a> appeared to be adopting in arguing their case. In par...
Advocacy and climate research
The latest furore to erupt in the climate blogosphere concerns whether climate scientists undermine their credibility by engaging in advocacy? (For some resp...
I, for one, welcome our new technocratic, environmentalist, socialist overlords
Any group that successfully manages to perpetrate a hoax involving tens of thousands of individuals from all over the world… would sure be able to elect a po...
Climate science is pseudoscience(?)
So says Ivo Vegter in his latest column, calling up the spirit of Karl Popper. I drop by in several places in the comments, saying that this pretty much utte...
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
Libertarianism and the paleo diet - Natural or strange bedfellows?
I want follow up on the previous post by making a side observation on the paleo diet’s marked popularity within libertarian circles — especially anarcho-capi...
The language of science: Paleo edition
I've developed an armchair interest in the so-called "paleo" diet. Among other things, my curiosity was piqued when Tim Noakes — one of South Africa's ...
Chief EU science adviser on GMO
Scottish microbiologist Anne Glover is the recently appointed chief science adviser to the EU. The below excerpt concerning GMO is taken from an interview th...
Science and distortion
Below is a video of the late climate scientist, Stephen Schneider. Please watch it and tell me that scientists are the ones trying to polarize this debate an...
Avoiding hypocrisy on the big issues
Think of an important environmental issue. Now imagine that there is a large body of scientific research, underpinned by peer-reviewed literature, which has ...
Philosophy
Advocacy and climate research
The latest furore to erupt in the climate blogosphere concerns whether climate scientists undermine their credibility by engaging in advocacy? (For some resp...
Climate science is pseudoscience(?)
So says Ivo Vegter in his latest column, calling up the spirit of Karl Popper. I drop by in several places in the comments, saying that this pretty much utte...
The limits of reductio ad absurdum
Unlearning Econ has a new post up on Milton Friedman in which he, among other things, criticises Friedman’s use of reductio ad absurdum arguments to win deba...
Hippie Baptists and Libertarian Bootleggers
Like, take it easy, Man. Disclaimer: I’ve conflated a lot of libertarianism/Austrianism in post. This was partly for simplicity, but also because I’m recalli...
Action Axiom: Rothbard contra Mises/Kant
Okay, last thing I’m going to post on the action axiom for a while, but a friend (of unabashed anarcho-capitalist persuasions) emails me:<blockquote>Yo...
Links - Anti-polemic edition
It’s something of a point of pride that I don’t wish this blog to descend into a polemic. In that spirit, here are several links to some interesting articles...
George Selgin on the Action Axiom
Plus my reply.I was pleasantly surprised to see George Selgin leave a comment underneath my previous post concerning Mises’s action axiom. In case you missed...
Mises’s action “axiom” or false dichotomy?
I’ve been watching the recent libertarian conundrum - concerning the morality of using taxes to prevent a killer asteroid from wiping out humanity - with gre...
Quote of the day - Experts
An expert is one who knows more and more about less and less. - Nicholas Butler Take THAT Adam Smith! Mild sarcasm font over, there are obviously produ...
A word from our sponsors…
</embed> [Warning: One or two f-bombs in the above clip.]<div style="text-align: justify;">I have many uninformed opinions and, possibly, some re...
Violence
Did monetary expansion cause the Arab Spring?
South Africa’s top economic and financial daily, Business Day, ran an article yesterday referring to research conducted in part by my old school friend and o...
Unintended consequences
During the last year, South Africa has been in the throes of violent upheaval in the mining industry. Most prominently the “Marikana massacre”, which receive...
The real reason to be wary of Kony 2012
With the internet abuzz about Invisible Children’s “Kony 2012” viral campaign, it was predictable that there would be some blow-back from critics. The most c...
Finally…
The academic paper that you’ve been waiting for! Zombie guru, George A. Romero, teams up with Columbia statistician, Andrew Gelman, as they seek to answer th...
Perspectives
That the Oslo-Utøya killings were a heinous, monstrous act is beyond question. However, the sheer scale of shock cannot be separated from the fact that they ...
Quote of the day - Terrorism
"You don't protect civilization by dismantling its civilizing achievements." - Tom Arnold, former member of the British Parliament.
Oslo
Man oh man…Apart from the immediate concerns for the injured and dead, I dread some of the reverberations from the bomb attack in Oslo. Thankfully, it appear...
Exploitation and Industrialisation
In the comments thread of the Meat and Veg(etarianism) post, I drew a parallel between the ethical treatment of animals and the banning of child labour. That...
Passage of the day - Of Columbus, Conquistadors and Cruelty
So I'm a few days late, but Monday was Columbus Day for our friends over States' side. I know this because Aguanomics mentioned it at the time, offering the ...
Story of the day - Man gang-raped by three women
Africa. Where men are men. And so, it seems, are certain women... The following link was posted on my facebook profile by an Italian friend: <blockquote&...
Ideology
Joe Romm’s cognitive dissonance on renewables, nuclear and shale gas
I used to be an avid reader of Joe Romm’s “Climate Progress” blog. However, my enthusiasm has waned dramatically over the years due to his selective presenta...
I was Ayn Rand’s lover
Posted this on twitter a few minutes ago, but I’ve just stumbled on the best piece of satirical writing that I have read in ages: I was Ayn Rand’s lover by G...
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
Quote(s) of the Day - Marxism
Just to prove my even-handedness on this issue of a priorism and empirical validation, here is the father of the falsification doctrine himself, Karl Popper,...
Libertarianism and the paleo diet - Natural or strange bedfellows?
I want follow up on the previous post by making a side observation on the paleo diet’s marked popularity within libertarian circles — especially anarcho-capi...
Science and distortion
Below is a video of the late climate scientist, Stephen Schneider. Please watch it and tell me that scientists are the ones trying to polarize this debate an...
Facts vs Beliefs (George Monbiot edition)
When the facts, I change my mind. What do you do, sir? - Apocryphally attributed to John Maynard Keynes A criticism often leveled at environmenta...
Ideas, not people
Beyond the specific subject matter of my previous post, I think that the Paul Samuelson article inadvertently highlights something else of value… especially ...
More on Norway, liberty and labels
UPDATE: Two very good additional posts by Daniel and Gene Callahan. In particular, will Breivik’s quoting of Mises and Hayek be cause for reflection among li...
Facts vs Beliefs
I should really be studying... but my attention has been drawn to several articles and interviews over the last few weeks that coincide with a recurring them...
Econometrics
Simulations remix: Turn up the base
Faster still, with base R
Efficient simulations in R
Better, faster, stronger.
Do weak currencies lead to trade deficits?
Spoiler: Correlation != causation
Climate capers at Cato
Dodgy statistics at the Cato Institute
Obligatory comment on the 2013 Nobelists
Seeing as it is very de jour to comment on this sort of thing in the econ blogosphere, here is a quick personal take:I know that this year’s laureates have r...
The more you read about ABCT… the more you read about ABCT
Chris responded last week to my previous post on the empirical (ir?)relevance of ABCT. I’ve been too busy to reply properly until now. (To be honest, I think...
Empirical evidence and the relevance of ABCT
A new study by Lester and Wolff (2013), hereafter L&W, is set to cause a bit of a stir in Austrian circles. [HT: Daniel Kuehn]<div></div><...
Electricity prices, river temperatures and cooling water scarcity
My paper on the water-energy nexus now forthcoming
Is gold highly correlated with money supply?
Amidst all this talk about US Republicans eyeing a return to the gold standard, something on my twitter feed earlier this week caught the eye: A link to an o...
Another post on empirics (and a priorism)
I was away last week in Amsterdam taking part in The Econometric Game, a competition involving 30 universities from around the world. Despite the… hmmm… dour...
Resources
A lemon market for poachers
Creating uncertainty in the rhino horn market
Gold: Demand, supply and price
My old school friend and unashamed proponent of all things gold, Chris Becks, has left a few comments underneath this post in which I criticized misleading s...
Is gold highly correlated with money supply?
Amidst all this talk about US Republicans eyeing a return to the gold standard, something on my twitter feed earlier this week caught the eye: A link to an o...
If it worked for Casanova…
This might not hold much interest beyond some old school friends reading this blog, but flicking through channels this morning I stumbled on a CNN documentar...
Facts vs Beliefs (George Monbiot edition)
When the facts, I change my mind. What do you do, sir? - Apocryphally attributed to John Maynard Keynes A criticism often leveled at environmenta...
Krugman, Hotelling and gold
… and negative (short-run) supply curves.Paul Krugman’s recent column, which links the high price of gold to a disinflationary environment, has generated a l...
Quote of the day - Fish
Speaking of life in the oceans…<blockquote>“Sharks are just evil bastards. I’m quite happy if all the sharks just went, because they eat fish and us… A...
Paul Collier talk on “The Plundered Planet”
I went to a talk last night by Paul Collier. For those of you who don't know, Collier is a big cheese in the development studies world, probably best known f...
Passage of the day - Of Columbus, Conquistadors and Cruelty
So I'm a few days late, but Monday was Columbus Day for our friends over States' side. I know this because Aguanomics mentioned it at the time, offering the ...
History
Asimbonanga (Mandela)
Asimbonanga (We have not seen him) Asimbonang' uMandela thina (We have not seen Mandela) Laph'ekhona (In the place where he is) Laph'ehleli khona (In the...
Review - Economics Evolving (Agnar Sandmo)
Following an email exchange with Dan Kuehn and Jon Catalán, I decided that it was finally time to write up a review for Agnar Sandmo’s “Economics Evolving” (...
More on Malthus
If you don’t wish to take my word on Malthus, here’s a snippet from Econlib’s excellent encyclopedia entry that I’ve just stumbled upon:<blockquote class=...
Don’t let be misunderstood: Malthus edition
Poor Thomas Malthus. Has there ever been a more maligned and misunderstood figure in the history of economics? With depressingly few exceptions, both his cri...
The best blog post that I’ve read so far in 2012…
… is really a reprint of this 1865 letter from an ex-slave to his old master. I’ll let Letters of Note take it away:<div style="text-align: center;">To...
Easter Island - History revisi(onis)ted?
I’ve just handed in a fat micro assignment and thus finally seen the back of a hellish two weeks. Twelve-hour days (plus) have become the new norm… and the...
Privileging theory over evidence
It’s late and my brain is in desperate need of sleep, but I’ve just read something very interesting on the Mises.org blog (via Twitter). In particular, Bob M...
Exploitation and Industrialisation
In the comments thread of the Meat and Veg(etarianism) post, I drew a parallel between the ethical treatment of animals and the banning of child labour. That...
Passage of the day - Of Columbus, Conquistadors and Cruelty
So I'm a few days late, but Monday was Columbus Day for our friends over States' side. I know this because Aguanomics mentioned it at the time, offering the ...
Maths
Google this
2 sqrt(-abs(abs(x)-1)abs(3-abs(x))/((abs(x)-1)(3-abs(x))))(1+abs(abs(x)-3)/(abs(x)-3))sqrt(1-(x/7)^2)+(5+0.97(abs(x-.5)+abs(x+.5))-3(abs(x-.75)+abs(x+.75)))(...
Two quick links - Krugman edition
Paul Krugman is the ultimate polarising force. People either love him or loathe him. I suppose that’s what comes with the territory when you are, arguably, t...
Karl Smith on the importance of maths-free papers
... And simple allegorical stories to help our intuitive understanding of economic concepts. Here is an excerpt: I posted a link to Bryan Caplan’s paper...
Physics Envy (again)
Seeing as I've covered the topic a few times already, here is an interesting - and surprisingly amusing - presentation by Andrew Lo of MIT, based o...
Why we need maths in economics 2(b) - Schelling’s segregation model
Slightly later than planned... Here is the second example of a little maths helping to improve our analysis of a real economic problem. I received some comp...
Maths and Economics - The Interlude
Those of you paying attention may have noticed that I yet to deliver on my promise to provide a second economic-maths example. Apologies for the delay, but ...
Why we need maths in economics 2(a) - The Oil Tank Model
As promised, here is the first example of a highly stylised model, which — despite its unrealistic simplicity — still produces valid (and unexpec...
Why we need maths in economics
Secondary subject line: Why words and intuition aren’t always good enough. A lot has been written about the use of mathematics in economics. Much of it nega...
Literature
Quote of the Day - Madiba
I was seven years old, and on the day before I was to begin, my father took me aside and told me that I must be dressed properly for school. Until that time,...
I was Ayn Rand’s lover
Posted this on twitter a few minutes ago, but I’ve just stumbled on the best piece of satirical writing that I have read in ages: I was Ayn Rand’s lover by G...
Review - Economics Evolving (Agnar Sandmo)
Following an email exchange with Dan Kuehn and Jon Catalán, I decided that it was finally time to write up a review for Agnar Sandmo’s “Economics Evolving” (...
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
On censorship and misreading Ray Bradbury
Earlier today I read Bill Maher's op-ed in the NYT: Please Stop Apologizing. I deeply agree with his general point and am reminded of the way he put it &mdas...
The face of Gabriel
Jonathan Haid’s comments on the spiritual nature of warfare reminded me of a passage in Captain Correli’s Mandolin by Louis de Bernières. The character Mandr...
Quote of the day - Let it stand
This one comes via my friend and rival literatus</i>, Bloomsboy[*]. It concerns James Joyce’s relationship with protégé and Waiting for Godot playwrigh...
New Year’s Resolutions and Literary snobs
New Year's resolutions? Not a fan. Well, I say that but I'll probably try and harden my resolve in finishing up some things I've been putting off fo...
Agriculture
Did monetary expansion cause the Arab Spring?
South Africa’s top economic and financial daily, Business Day, ran an article yesterday referring to research conducted in part by my old school friend and o...
Unintended consequences
During the last year, South Africa has been in the throes of violent upheaval in the mining industry. Most prominently the “Marikana massacre”, which receive...
Don’t let be misunderstood: Malthus edition
Poor Thomas Malthus. Has there ever been a more maligned and misunderstood figure in the history of economics? With depressingly few exceptions, both his cri...
Chief EU science adviser on GMO
Scottish microbiologist Anne Glover is the recently appointed chief science adviser to the EU. The below excerpt concerning GMO is taken from an interview th...
Irony
From the Wikipedia page on Agricultural Policy:<blockquote class="tr_bq">Some argue that nations have an interest in assuring there is sufficient domes...
Avoiding hypocrisy on the big issues
Think of an important environmental issue. Now imagine that there is a large body of scientific research, underpinned by peer-reviewed literature, which has ...
Food prices and climate change (gasp!)
Secondary subject line: The relative prices argument for strong action against climate change. Paul Krugman must have been feeling more provocative than usu...
Meat and Veg(etarianism)
UPDATE: I stumbled upon this George Monbiot post today (Jan 24) from a few months back, discussing what seems to be a very interesting book by one Simon Fair...
Food
Bad science: Paleo diet edition
A while ago, I wrote a post praising the scientific approach that advocates of the paleo diet</a> appeared to be adopting in arguing their case. In par...
Did monetary expansion cause the Arab Spring?
South Africa’s top economic and financial daily, Business Day, ran an article yesterday referring to research conducted in part by my old school friend and o...
The language of science: Paleo edition
I've developed an armchair interest in the so-called "paleo" diet. Among other things, my curiosity was piqued when Tim Noakes — one of South Africa's ...
Chief EU science adviser on GMO
Scottish microbiologist Anne Glover is the recently appointed chief science adviser to the EU. The below excerpt concerning GMO is taken from an interview th...
Avoiding hypocrisy on the big issues
Think of an important environmental issue. Now imagine that there is a large body of scientific research, underpinned by peer-reviewed literature, which has ...
Two quick links - Krugman edition
Paul Krugman is the ultimate polarising force. People either love him or loathe him. I suppose that’s what comes with the territory when you are, arguably, t...
Food prices and climate change (gasp!)
Secondary subject line: The relative prices argument for strong action against climate change. Paul Krugman must have been feeling more provocative than usu...
Meat and Veg(etarianism)
UPDATE: I stumbled upon this George Monbiot post today (Jan 24) from a few months back, discussing what seems to be a very interesting book by one Simon Fair...
Property Rights
Fracking and water pollution
My new article for The Energy Collective is up: Hydraulic Fracking and Water Pollution.There’s much debate about whether shale gas “fracking” (i.e. hydraulic...
Hayek contra Coase… on property rights?
Say it ain’t so!Well… I guess it ain’t technically “so”… but hear me out on this one.Noah Smith, citing his personal experiences in Japan, writes that irredu...
Putting a price on nature (II)
Yesterday, I wrote a post in response to George Monbiot's recent column, "The true value of nature is not a number with a pound sign in front", which laments...
Links - Market Design edition
Regular readers[*] will know that a favourite theme of this blog is thinking about how — and where — markets function “optimally”, versus cases where some fo...
Hippie Baptists and Libertarian Bootleggers
Like, take it easy, Man. Disclaimer: I’ve conflated a lot of libertarianism/Austrianism in post. This was partly for simplicity, but also because I’m recalli...
Water pricing in different sectors
My previous post linked to a new alarming/alarmist (potato, potahto) study of South Africa’s water pollution problems. I mentioned some economic elements tha...
“South Africa facing water pollution crisis”
Supplies, supplies. (See what I did there?) So back home, more and more people are cottoning on to the fact that the local water situation ain't looking too...
Development
Why a functioning electricity grid is crucial to economic development
… in two graphs:<div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: c...
Review: Surviving Progress
Apologies for the lack of posting recently. Aside from research stuff, most of my "internet" time has been spent working on the RECONOMICS HUB.[*] We have no...
The real reason to be wary of Kony 2012
With the internet abuzz about Invisible Children’s “Kony 2012” viral campaign, it was predictable that there would be some blow-back from critics. The most c...
Perspectives
That the Oslo-Utøya killings were a heinous, monstrous act is beyond question. However, the sheer scale of shock cannot be separated from the fact that they ...
Sustainability: Defining the undefinable
What does it mean for something to be “sustainable”? Does the term, as it is widely used in the public lexicon today, contribute anything useful to our every...
Exploitation and Industrialisation
In the comments thread of the Meat and Veg(etarianism) post, I drew a parallel between the ethical treatment of animals and the banning of child labour. That...
Paul Collier talk on “The Plundered Planet”
I went to a talk last night by Paul Collier. For those of you who don't know, Collier is a big cheese in the development studies world, probably best known f...
Animals
A lemon market for poachers
Creating uncertainty in the rhino horn market
Rhino poaching… Hope on the horizon?
A few months ago, I discussed the staggering increase in rhino poaching that is plaguing Southern Africa. According to the Dept. of Environmental Affairs, a ...
Rhino horn! Homeopathy! Psychics!
A few weeks ago, the South African government announced that it was appointing a team to reconsider the ban on the trade in rhino horn. In short, the idea is...
Snakes on a Plane: The (African) Sequel
Apologies for the lack of posting recently. To borrow a phrase, course work and project deadlines have been tearing me some new ones. As a reward for your pa...
“Africa Black and White” by Nick Brandt
Africa Black and White<iframe class="scribd_iframe_embed" data-aspect-ratio="1.2938689217759" data-auto-height="true" frameborder="0" height="600" id="doc...
Meat and Veg(etarianism)
UPDATE: I stumbled upon this George Monbiot post today (Jan 24) from a few months back, discussing what seems to be a very interesting book by one Simon Fair...
God, morality and monkeys
And by "monkeys" I really mean "altruistic chimpanzees", but I'm a sucker for alliteration...I stumbled on a really excellent opinion piece in today's New Yo...
Ethics
Advocacy and climate research
The latest furore to erupt in the climate blogosphere concerns whether climate scientists undermine their credibility by engaging in advocacy? (For some resp...
Sam Harris on “Life Without Free Will”
He is on top form in this one.
Rhino horn! Homeopathy! Psychics!
A few weeks ago, the South African government announced that it was appointing a team to reconsider the ban on the trade in rhino horn. In short, the idea is...
Should pregnant women be banned from smoking?
In several recent posts, Dan Kuehn advanced the notion that “the future” is, in some sense, an autarkic regime… Basically, that people in the future simply...
Hippie Baptists and Libertarian Bootleggers
Like, take it easy, Man. Disclaimer: I’ve conflated a lot of libertarianism/Austrianism in post. This was partly for simplicity, but also because I’m recalli...
Meat and Veg(etarianism)
UPDATE: I stumbled upon this George Monbiot post today (Jan 24) from a few months back, discussing what seems to be a very interesting book by one Simon Fair...
God, morality and monkeys
And by "monkeys" I really mean "altruistic chimpanzees", but I'm a sucker for alliteration...I stumbled on a really excellent opinion piece in today's New Yo...
Psychology
McDermott and Shleifer double-team Taleb and Kahneman
Not really. But I did enjoy reading the following passage from Andrei Shleifer’s review of Daniel Kahneman’s (superb) Thinking, Fast and Slow. To give contex...
TEDxBergen
I mentioned the other day that I acted as moderator for the recent TEDxBergen conference. Videos of the various talks have now been posted online, but here a...
It’s not every day that you’re called an idiot by Nassim Taleb
Or a “bloggist” for that matter.Here and here.To be fair, Taleb has charged that many minds superior to my own are beset by idiocy, so I’m in reasonable comp...
A question for Nassim Taleb fans
I read an interesting article last night, detailing a public exchange between Daniel Kahneman and Nassim Taleb.<blockquote class="tr_bq">[E]ach man was...
Sam Harris on “Life Without Free Will”
He is on top form in this one.
Great TED talk on the evolutionary basis for religion
…, spirituality and co-operation by the psychologist Jonathan Haidt. My economist self was particularly interested in his thoughts on free-riding. The rest o...
Free will in a world of Mad Men
Mark Thoma links to a study discussing the limits — or "origins" might be more correct — of free will. I'll just highlight the snippet on implica...
Money
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
Inflation-targeting, CPI measures and the poor
In a bid to get back to regular blogging, below is a comment that I’ve just left under a Daily Maverick column by Paul Berkowitz, entitled “Who benefits from...
Are there any four-minute miles in economics?
3:59.4Roger Bannister’s four laps of the Iffley Road Track on 6 May 1954 have been immortalised in the annals of sporting lore and human achievement. By beco...
Monetary regimes and economic outcomes
Eric Rauchway has a post over at Crooked Timber that’s generating a fair bit of interest, since it compares real economic growth and inflation for the “G7” c...
More on inflation, violence and identification
Chris has responded to my previous post, which he frames as a criticism of his research. I should state upfront that this does not strike me as entirely accu...
Is gold highly correlated with money supply?
Amidst all this talk about US Republicans eyeing a return to the gold standard, something on my twitter feed earlier this week caught the eye: A link to an o...
Privileging theory over evidence
It’s late and my brain is in desperate need of sleep, but I’ve just read something very interesting on the Mises.org blog (via Twitter). In particular, Bob M...
R
Fast geospatial tasks with data.table, geos & co.
Use all your favourites
Simulations remix: Turn up the base
Faster still, with base R
Efficient simulations in R
Better, faster, stronger.
A better way to adjust your standard errors
On the fly, for the win.
The blue paradox published in PNAS
Fishers go all in while the going’s good
Bycatch paper published in Science
Reforming global fisheries has important collateral benefits
RStudio Server on Google Compute Engine
Say hello to cloud computing
Public Policy
More on inflation, violence and identification
Chris has responded to my previous post, which he frames as a criticism of his research. I should state upfront that this does not strike me as entirely accu...
Climate mitigation as a secondary benefit
But keep it quiet.I spent some time last week with the Dutch economist, Johannes Bollen, who was visiting my university to present his research on the “co-be...
Links - Market Design edition
Regular readers[*] will know that a favourite theme of this blog is thinking about how — and where — markets function “optimally”, versus cases where some fo...
Tort law is no panacea for the environment
Looking over the comments section of an old post, I realised that I had yet to make good on a promise to “flesh out my scepticism regarding the ability of to...
“Our climate isn’t the only green concern”
UPDATE: The forest sell-off has been shelved following a massive public outcry.That’s the title of a short article by Michael McCarthy, the environmental edi...
Religion
Great TED talk on the evolutionary basis for religion
…, spirituality and co-operation by the psychologist Jonathan Haidt. My economist self was particularly interested in his thoughts on free-riding. The rest o...
An oldie, but a goodie
Happy Easter, everyone.
America is in good hands…
The Colbert ReportMon - Thurs 11:30pm / 10:30cChair Apparentwww.colbertnation.com</embed>Colbert Report Full Episodes2010 ElectionMarch to Keep Fear Al...
God, morality and monkeys
And by "monkeys" I really mean "altruistic chimpanzees", but I'm a sucker for alliteration...I stumbled on a really excellent opinion piece in today's New Yo...
Good Causes
Earth Hour: Sending the right message?
In the build up to this year’s Earth Hour, humourless critics were once again up in arms about the fact that turning off the lights for one hour would have a...
The real reason to be wary of Kony 2012
With the internet abuzz about Invisible Children’s “Kony 2012” viral campaign, it was predictable that there would be some blow-back from critics. The most c...
Changing Faces
I’ve just come back from London, where I was staying with one of my best friends from school. He is a professional rugby player and currently plies his trade...
Movember
Anyone out there doing Movember? Movember (the month formerly known as November) is a month long moustache growing charity event held each year to help raise...
GMO
Review - Extreme Environment (Ivo Vegter)
Extreme Environment (hereafter EE) is a book written by South African journalist, Ivo Vegter. I have mentioned Vegter before on this blog and he generously a...
Quick links (05/05/2012)
I’m about to go into a pre-exam blogging hibernation, but here are some links to keep you interested:1) Ed Dolan gives a nice overview of the economic issues...
Chief EU science adviser on GMO
Scottish microbiologist Anne Glover is the recently appointed chief science adviser to the EU. The below excerpt concerning GMO is taken from an interview th...
Avoiding hypocrisy on the big issues
Think of an important environmental issue. Now imagine that there is a large body of scientific research, underpinned by peer-reviewed literature, which has ...
Sustainability
Facts vs Beliefs (George Monbiot edition)
When the facts, I change my mind. What do you do, sir? - Apocryphally attributed to John Maynard Keynes A criticism often leveled at environmenta...
Easter Island - History revisi(onis)ted?
I’ve just handed in a fat micro assignment and thus finally seen the back of a hellish two weeks. Twelve-hour days (plus) have become the new norm… and the...
Sustainability - Robert Solow’s take
I wrote the bulk of the previous post before (re-)reading a Robert Solow essay that I’d largely forgotten about, Sustainability: An Economist’s Perspective.P...
Sustainability: Defining the undefinable
What does it mean for something to be “sustainable”? Does the term, as it is widely used in the public lexicon today, contribute anything useful to our every...
Methodology
Bad science: Paleo diet edition
A while ago, I wrote a post praising the scientific approach that advocates of the paleo diet</a> appeared to be adopting in arguing their case. In par...
Quote(s) of the Day - Marxism
Just to prove my even-handedness on this issue of a priorism and empirical validation, here is the father of the falsification doctrine himself, Karl Popper,...
Another post on empirics (and a priorism)
I was away last week in Amsterdam taking part in The Econometric Game, a competition involving 30 universities from around the world. Despite the… hmmm… dour...
Libertarianism and the paleo diet - Natural or strange bedfellows?
I want follow up on the previous post by making a side observation on the paleo diet’s marked popularity within libertarian circles — especially anarcho-capi...
Electricity
Why economists love auctions
Some background first: South Africa’s power market is utterly dominated by (a) coal and (b) Eskom, the parasitical parastatal monopoly. In a bid to encourage...
Why a functioning electricity grid is crucial to economic development
… in two graphs:<div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: c...
Electricity prices, river temperatures and cooling water scarcity
My paper on the water-energy nexus now forthcoming
Natural monopoly and the electricity sector
Are there limits to market liberalization?
fisheries
QuackChat slides
If it talks like a duck…
Some recent radio interviews
Yes I have an accent
The blue paradox published in PNAS
Fishers go all in while the going’s good
Bycatch paper published in Science
Reforming global fisheries has important collateral benefits
Commodities
More on inflation, violence and identification
Chris has responded to my previous post, which he frames as a criticism of his research. I should state upfront that this does not strike me as entirely accu...
Did monetary expansion cause the Arab Spring?
South Africa’s top economic and financial daily, Business Day, ran an article yesterday referring to research conducted in part by my old school friend and o...
Are charts of oil priced in gold really that impressive?
Okay, one more gold-related post before I go home…Following on from my last post, I’ve just clicked through to Chris’s website and seen a post titled, Petrol...
Media
Centralised versus decentralised
What is the energy future of sub-Saharan Africa?
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
Climate, economy and ladies
As a postscript to the previous entry, here’s a quick story about a newspaper interview that I had last week. It was with one of the major broadsheets of the...
Uncertainty
McDermott and Shleifer double-team Taleb and Kahneman
Not really. But I did enjoy reading the following passage from Andrei Shleifer’s review of Daniel Kahneman’s (superb) Thinking, Fast and Slow. To give contex...
It’s not every day that you’re called an idiot by Nassim Taleb
Or a “bloggist” for that matter.Here and here.To be fair, Taleb has charged that many minds superior to my own are beset by idiocy, so I’m in reasonable comp...
A question for Nassim Taleb fans
I read an interesting article last night, detailing a public exchange between Daniel Kahneman and Nassim Taleb.<blockquote class="tr_bq">[E]ach man was...
blue paradox
QuackChat slides
If it talks like a duck…
Some recent radio interviews
Yes I have an accent
The blue paradox published in PNAS
Fishers go all in while the going’s good
marine reserves
QuackChat slides
If it talks like a duck…
Some recent radio interviews
Yes I have an accent
The blue paradox published in PNAS
Fishers go all in while the going’s good
MPAs
QuackChat slides
If it talks like a duck…
Some recent radio interviews
Yes I have an accent
The blue paradox published in PNAS
Fishers go all in while the going’s good
data.table
Fast geospatial tasks with data.table, geos & co.
Use all your favourites
Efficient simulations in R
Better, faster, stronger.
Reshape benchmarks
Going wide to long with sparse data
Fish
If it worked for Casanova…
This might not hold much interest beyond some old school friends reading this blog, but flicking through channels this morning I stumbled on a CNN documentar...
Paul Collier talk on “The Plundered Planet”
I went to a talk last night by Paul Collier. For those of you who don't know, Collier is a big cheese in the development studies world, probably best known f...
Evolution
Great TED talk on the evolutionary basis for religion
…, spirituality and co-operation by the psychologist Jonathan Haidt. My economist self was particularly interested in his thoughts on free-riding. The rest o...
God, morality and monkeys
And by "monkeys" I really mean "altruistic chimpanzees", but I'm a sucker for alliteration...I stumbled on a really excellent opinion piece in today's New Yo...
Bureaucracy
Quote of the Day - Privacy
"At a moment of austerity and with a general sense that our state's ability to guarantee prosperity for its citizens is in retreat, that same state is about ...
Being back Bri’ish & other immigration debates
There’s a lot of talk about immigration policy these days.I wonder, however, how many of you have ever found yourself on the wrong side of the, er… immigrati...
Health
The language of science: Paleo edition
I've developed an armchair interest in the so-called "paleo" diet. Among other things, my curiosity was piqued when Tim Noakes — one of South Africa's ...
Homeopathic A&E
Following Monday’s post, which touched on the murky world of alternative medicine… South African comedian, Warren Robertson links to a brilliant Mitchell and...
Recycling
Low-cost lighting from used plastic bottles
As a general rule, bottled water is not particularly good for the environment. If I were the judgmental type, I might even chime in that buying bottled water...
Economics > Doing the right thing
Drowning in university work here, so no time for any blog posts. In the meantime, read this article by Gernot Wagner, who has a new book out explaining why e...
Politics
Links and happenings
Busy times for yours truly over the last two weeks. Here is a list of things that I’ve been doing, plus one or two items that I spotted on ye olde internet.1...
Chavez, Thatcher and the oil that binds them
Daniel Yergin (one of the world’s foremost energy experts) tweeted yesterday: “Too soon to say what Hugo Chavez’ death means for oil prices but it is certain...
Videos
TEDxBergen
I mentioned the other day that I acted as moderator for the recent TEDxBergen conference. Videos of the various talks have now been posted online, but here a...
Video - Fracking chat with David Zetland
I had a long video chat with David Zetland yesterday, where we discussed fracking, water pollution, property rights and a bunch of related issues. David’s ta...
Trade
Quick thoughts on Brexit
How relevant is the Norwegian experience?
Do weak currencies lead to trade deficits?
Spoiler: Correlation != causation
Currencies
Quick thoughts on Brexit
How relevant is the Norwegian experience?
Do weak currencies lead to trade deficits?
Spoiler: Correlation != causation
research
The blue paradox published in PNAS
Fishers go all in while the going’s good
Bycatch paper published in Science
Reforming global fisheries has important collateral benefits
reproducibility
The blue paradox published in PNAS
Fishers go all in while the going’s good
Bycatch paper published in Science
Reforming global fisheries has important collateral benefits
reshape
Even more reshape benchmarks
Giving the people what they want
Reshape benchmarks
Going wide to long with sparse data
r
Even more reshape benchmarks
Giving the people what they want
Reshape benchmarks
Going wide to long with sparse data
stata
Even more reshape benchmarks
Giving the people what they want
Reshape benchmarks
Going wide to long with sparse data
Masculinity
Movember
Anyone out there doing Movember? Movember (the month formerly known as November) is a month long moustache growing charity event held each year to help raise...
Culture
“To the Moulin Rouge Dancers!”
That little beauty of a subject line is the title of an email that I received today. The message itself reads:<blockquote>Dear [XXX]You all were FANTAS...
Art
“Africa Black and White” by Nick Brandt
Africa Black and White<iframe class="scribd_iframe_embed" data-aspect-ratio="1.2938689217759" data-auto-height="true" frameborder="0" height="600" id="doc...
Immigration
Being back Bri’ish & other immigration debates
There’s a lot of talk about immigration policy these days.I wonder, however, how many of you have ever found yourself on the wrong side of the, er… immigrati...
Computers
Bleg - LaTeX (plus Linux)
So, I’m thinking of making the big, bad move over to LaTeX. The document style and structure simply look too good for me to keep plugging away at Microsoft W...
Game Theory
A riddle: Hats and signalling
Some of you may know this one already, but a here’s a favourite riddle of mine.Four prisoners are blindfolded and arranged as follows: Three of them are line...
Poetry
We’ll go no more a roving
In the rapidly fading twilight that is my 20s, please indulge me. ~ So, we'll go no more a roving So late into the night, Though the heart be still as ...
Investment
Gold: Demand, supply and price
My old school friend and unashamed proponent of all things gold, Chris Becks, has left a few comments underneath this post in which I criticized misleading s...
Films
Review: Surviving Progress
Apologies for the lack of posting recently. Aside from research stuff, most of my "internet" time has been spent working on the RECONOMICS HUB.[*] We have no...
Natural monopoly
Natural monopoly and the electricity sector
Are there limits to market liberalization?
Pollution
China to reduce coal consumption?
I’ve tried to emphasise the importance of relative concepts many times on this blog. However, there are occasions when relative measures can also be more tha...
Technology
TEDxBergen
I mentioned the other day that I acted as moderator for the recent TEDxBergen conference. Videos of the various talks have now been posted online, but here a...
Cato Institute
Climate capers at Cato
Dodgy statistics at the Cato Institute
BizNews
Do weak currencies lead to trade deficits?
Spoiler: Correlation != causation
Brexit
Quick thoughts on Brexit
How relevant is the Norwegian experience?
Norway
Quick thoughts on Brexit
How relevant is the Norwegian experience?
Data Science
RStudio Server on Google Compute Engine
Say hello to cloud computing
GCE
RStudio Server on Google Compute Engine
Say hello to cloud computing
GFW
Intro to Global Fishing Watch and Google Earth Engine
My slides from AERE2017
GEE
Intro to Global Fishing Watch and Google Earth Engine
My slides from AERE2017
bycatch
Bycatch paper published in Science
Reforming global fisheries has important collateral benefits
PNAS
The blue paradox published in PNAS
Fishers go all in while the going’s good
STATA
The blue paradox published in PNAS
Fishers go all in while the going’s good
media
Some recent radio interviews
Yes I have an accent
interaction terms
Marginal effects and interaction terms
Quickly get the full marginal effect of interaction terms in R (and other software)
marginal effects
Marginal effects and interaction terms
Quickly get the full marginal effect of interaction terms in R (and other software)
tidyverse
Reshape benchmarks
Going wide to long with sparse data
gtools
Reshape benchmarks
Going wide to long with sparse data
julia
Even more reshape benchmarks
Giving the people what they want
python
Even more reshape benchmarks
Giving the people what they want
standard errors
A better way to adjust your standard errors
On the fly, for the win.
fixest
A better way to adjust your standard errors
On the fly, for the win.
sandwich
A better way to adjust your standard errors
On the fly, for the win.
lfe
A better way to adjust your standard errors
On the fly, for the win.
spatial
Fast geospatial tasks with data.table, geos & co.
Use all your favourites
sf
Fast geospatial tasks with data.table, geos & co.
Use all your favourites
geos
Fast geospatial tasks with data.table, geos & co.
Use all your favourites