Utopia, you are standing in it!

Millions of British households face another bitter winter, unable to meet their rocketing power bills. An obsession with chaotically intermittent wind power (both off and onshore) has sent power prices spiralling. And, adding to the misery, the annual cost of renewable energy subsidies, Feed in Tariffs, fixed contract prices for wind and solar etc to British households will soon reach £12,000,000,000. The current cost is already nudging £10,000,000,000.

While their parliamentarians squabble about the terms on which Britain will sever its ties with Europe, ordinary Brits are fretting about how they might light and heat their homes as temperatures plummet. Heading into winter, some 3,000,000 households are already in “energy debt” and collectively owe nearly £417,000,000 to their suppliers.

Here’s a roundup on the consequences of Britain throwing all to the wind.

Current Costs of British Renewables Subsidies per Household
Global Warming Policy Forum
John Constable
14 October 2019

The…

Working out what households pay for subsidies to wind and solar is a task, in itself. Naturally, the crony capitalists that profit from the greatest economic and environmental fraud of all time, are keen to conceal the extent of the state-sponsored larceny from their unwitting victims.

To the same end, their political enablers often talk about the cost of wind and solar subsidies – and other hidden green levies – per household, in terms of the cost of a cup of coffee or scoop of ice cream.

Which might make sense, if the metaphorical cup was the size of an Olympic sports stadium and the scoop of vanilla swirl was big enough to fill it.

Dr John Constable has been on a quest to reveal the true cost born by British households for their government’s renewable energy obsession, for years.

Here he is again, with a tally of what can…

A guest post by Yoram Barzel.

Doug North, Some Reminiscences

| By Yoram Barzel |

By the time I arrived at the University of Washington in 1961, Doug had been there for a decade, and he stayed for two more. Moving from one Washington (the University of Washington in Seattle) to another Washington (Washington University in St. Louis) is confusing. Most people associate Doug’s career with Washington University in St. Louis, but it was in Seattle that he did the bulk of the work for which he won the Nobel Prize. His work is well known, and I focus on other aspects of his career and on personal memories.

Doug got his PhD from Berkeley, and he was the first to admit that he hadn’t learned much there. Throughout his time in Seattle, when he needed advice when it came to economic analysis, he asked for it with great humility…

| Nicolai Foss |

Here is a recent MIT Sloan Management Review piece by Peter and me, “Why Managers Still Matter.” We pick up on a number of themes of our 2012 book Organizing Entrepreneurial Judgment. A brief excerpt:

“Wikifying” the modern business has become a call to arms for some management scholars and pundits. As Tim Kastelle, a leading scholar on innovation management at the University of Queensland Business School in Australia, wrote: “It’s time to start reimagining management. Making everyone a chief is a good place to start.”

Companies, some of which operate in very traditional market sectors, have been crowing for years about their systems for “managing without managers” and how market forces and well-designed incentives can help decentralize management and motivate employees to take the initiative. . . .

From our perspective, the view that executive authority is increasingly passé is wrong. Indeed, we have found…