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Violent crime exploded in the United States during the three decades after 1960. As Chart 1 shows, the FBI’s violent crime rate had nearly quintupled by 1993 (see here and here). Refusing to submit to mo
The airwaves have recently been filled with advertisements heralding a plethora of clean energy technologies. GE promoted its smart grid technologies in a Wizard of Oz-themed Super Bowl ad. Vestas, the largest wind turbine manufacturer in the world, has branded itself No. 1 in Modern Energy. Various groups have designed commercials touting the potential of "clean coal," including a GE ad featuring models-turned-miners (tagline: "Harnessing the power of coal is looking more beautiful every day."). And environmental groups have struck back against the branding of coal as "clean" with satirical advertisements (tagline: "Clean coal harnesses the awesome power of the word ‘clean!’". In this maelstrom of marketing, who can say which clean energy technology is best?
This is a joint posting with Kevin Ummel
Q: What can we do to save the earth?
Wendell Berry: "Stay put."
Economists are always irritating their colleagues by harping about opportunity cost, but the concept can be useful nonetheless. For example, consider the “carbon account” announced for the Poznan climate change meeting. According to the sponsors, travel and other logistics for the 8,000 conference participants will generate 13,000 tons of greenhouse gas emissions.
Participants have duly announced the purchase of “carbon offsets” as atonement for their logistical sins (which begins to sound like the sale of indulgences by the medieval Church, but that’s another story). The whole thing projects a reassuring aura: By purchasing offsets, the participants can cover the “climate cost” of the meeting.