Archive for the ‘natural commons’ Category

I think that Obama is making the right call about compromising on oil drilling in order to get renewable energy tax credits passed. Here’s my thinking: In order to make any serious progress on reducing oil burning, we have to develop renewable energy sources in quantities sufficient to replace the energy we get from oil. […]

There is a new guest blogger over at OnTheCommons, Josh Farley, an assistant professor at the University of Vermont. Farley has presented an introduction to the ideas of “ecological economics” and its connection to the topic of commons. I have heard of ecological economics, but not read any, so I am looking forward to this […]



Sunday’s San Jose Mercury News has a nice editorial about a proposed Assembly bill to establish “feebates” for fuel-efficient cars, as a means of combating global warming. Feebates are sort of like Pigouvian taxes on steroids. Whereas a normal Pigouvian tax simply tries to make you pay for the negative externality you create, the feebate […]

Most anyone involved in a discussion about the economics of commons will run into the Coase Theorem at some point. Often, it is offered as proof that market forces will generate optimal protections for the environment without any need for action by government. If you find yourself in that situation, here is a quick retort […]

I’ve finished reading a couple of chapters of Peter Barnes‘ new book Capitalism 3.0. Specifically, I’ve read his proposal for managing natural commons through public trusts which operate independently of the government. On first encounter, I like the idea a lot. First, I have been in favor of imposing carbon taxes since I first understood […]