Lucas on the industrial revolution
10 Jun 2021 Leave a comment
in budget deficits, business cycles, development economics, economic growth, economic history, macroeconomics, monetary economics, Robert E. Lucas
Black Days & Darker Nights: Engineers Spell Out Threat Posed by Increasing Reliance On Wind & Solar
09 Jun 2021 Leave a comment
Pin your power supply hopes on sunshine and breezes, and get prepared for mixed results.
South Australians, Californians and Texans know what comes from an overreliance on the unreliables, with plenty of experience of weather-related load shedding and mass blackouts.
Increasing dependence on chaotically intermittent wind and solar is the price we’ve paid for allowing ideology to ride roughshod over sound engineering and solid economics.
Once the engineers were relegated to the back office by wind and solar worshipping ideologues equipped with sociology or arts/law degrees, the end of reliably delivered power at affordable prices was inevitable.
This is the crowd that can’t tell the critical difference between ‘energy’ and ‘power’; that believes the yawning gulf between the promises made by the wind and solar industries and reality can be plugged by a few giant lithium batteries; who berates anybody who mentions sunset and calm weather and renewable energy in…
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Behind on my blasphemy
09 Jun 2021 Leave a comment
in economics of religion, liberalism, politics - New Zealand, politics - USA, population economics Tags: Age of Enlightenment, Blasphemy, free speech, Freedom of religion, political correctness, regressive left
A Quarter Century of ‘The Proper Scope of Government’: Theory and Applications | Oliver Hart
09 Jun 2021 Leave a comment
in applied price theory, applied welfare economics, Armen Alchian, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of information, entrepreneurship, financial economics, history of economic thought, industrial organisation, managerial economics, market efficiency, organisational economics, privatisation, property rights, Public Choice, public economics, rentseeking, Ronald Coase, survivor principle, theory of the firm, transport economics, urban economics
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