Gary Johnson recently started talking about supporting a CO2 fee, although he even more recently took it back. Of course when he first supported it I called him out on social media, but some of my less economically literate friends…
Month: August 2016
Technical Efficiency is So Underrated
This article anecdotally rants about how libertarians, economists, and others pay lots of attention to utilitarian efficiency and very little to technical efficiency. Refresher: Technical efficiency means that a given level of output is produced using the least-cost set of…
4 Factors of Question Quality
This article discusses some of the properties of a good question or research project. Consider a group of research activities. They are expected to have a variety of costs and benefits. From economics we can generally assert that the quantity…
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