A Classic Public/Private Clash
My mom passed away recently, and we’re planning a memorial service in her home city, where none of us three offspring lives. There are lots of expenses: the service; food afterwards; planes and hotels for all of the children, grandchildren and any great-grandchildren who can come. Read More »
World Water Day: Nudges for Safe Water
What if a simple ‘nudge’ could massively increase the use of safe water in poor countries?
Today is World Water Day, a day to raise awareness for something we take for granted in America: clean water. Normally I yawn at Hallmark-meets-poverty-program type publicity stunts. Reminds me of many a microcredit “awareness” campaign that paraded superstar microentrepreneurs on a stage, ignoring the need for rigorous evidence to find out if microcredit actually works. Read More »
Economic Research Wants to Be Free
The marginal cost of accessing an academic journal article is pretty much zero. The research has been written, the type has been set, and the salaries have already been paid. So the socially optimal price is: free. Read More »
Japan’s Nuclear Worry Produces, Among Other Reactions, a Salt-Buying Panic in China
The Three Mile Island nuclear-power accident in 1979 coincided almost perfectly with the release of The China Syndrome, a Hollywood film about a nuclear meltdown. As we once wrote, this pairing helped gel American sentiment against nuclear power. Several other nations, meanwhile, kept on building nuclear-power plants, Japan among the leaders. Now, how will the Read More »
