Recommended Posts
kallend 2,228
QuoteThe sides now participating in the spinning of this winter - which appears to be particularly harsh in the Northern Hemisphere. "What happened to global warming?". "Here's proof that it isn't happening."
.
Not unusually cold here in Chicago.
...
The only sure way to survive a canopy collision is not to have one.
The only sure way to survive a canopy collision is not to have one.
The conservatives' "patron saint" of economics, Ronald H. Coase, professor emeritus at the University of Chicago and the 1991 Nobel laureate in economics, about whom Conservapedia.com, (an online encyclopedia with a conservative orientation) writes "Mr. Coase’s extraordinary insight was that the free market always reaches the most efficient level of productive activity, in the absence of transaction costs” has recently weighed in.
Coase's paper “The Problem of Social Cost,” has become one of the most-often-cited economics papers ever published. He shows that actions with harmful side effects — negative externalities, in economists’ parlance — are quintessentially practical problems. They are best solved, he argued, not by chanting slogans about rights and freedoms, but by steering mitigation efforts to those who can perform them most efficiently.
Coase agrees that both taxes and tradable permits satisfy his criterion of concentrating damage abatement with those who can accomplish it at least cost. Those with inexpensive ways of reducing emissions will find it attractive to adopt them, thus avoiding carbon dioxide taxes or the need to purchase costly permits. Others will find it cheaper to pay taxes or buy permits.
The only sure way to survive a canopy collision is not to have one.
Share this post
Link to post
Share on other sites