Yves here. I am not certain how much precedential value this climate litigation victory will carry. The “right to a stable climate system” does not sound like a generally tenable position absent laws that contain language along those lines, but...
Yves here. The fact that more and more hand-wringing articles about populists are appearing in outlets that pretend to be politically neutral, like VoxEU, is telling. The elites hate democracy, because when they do a bad job of taking care...
Yves here. Simon Watkins is a diehard Anglosphere booster and so his posts need to be taken with a considerable grain of salt. Nevertheless, despite his strong bias point of view, his pieces often contain interesting facts. With respect to...
From my latest Bloomberg column: Why is the food so good? I have several overlapping hypotheses, most of them coming from my background as an economist. Interestingly, India’s culinary advantages can be traced to some good and some not-so-good aspects...
By Lambert Strether of Corrente. Bird Song of the Day Northern Mockingbird, Southards Pond Park, Suffolk, New York, United States. “Three song bouts. Singing from the roof of a house adjacent to the park. Mimicry includes Belted Kingfisher, Northern Flicker,...
This probably seems like a silly question, but it’s actually a hard one to answer quantitatively. The standard measure is the CPI deflated trade weighted exchange rate, but this uses prices relevant to consumers, not producers. And not cost of...
Yves here. Over and over in resource-exploiting industries, from oil wells to nuclear reactors and now aquaculture, shuttering operations so as to minimize environmental costs is neither cheap nor easy. Yet even in regulated industries, where it would be possible...
The idea that fancy colleges bend their standards to admit the kids of wealthy alumni hardly seems like news. But that practice is in fact a violation of an antitrust exemption that had allowed schools to engage in what would...
Yves here. KLG compares the performance of the medical and scientific establishment in two pandemics: HIV and COVID-19. He systematically works his way to the conclusion that a vaccine-dominated approach when there has been no example of a durable success...
