tag:blogger.com,1999:blog-359745432012-01-08T01:38:16.434-05:00I plan to use this site to post news, commentary, and analysis of current environment and development issues. Of course, I reserve the right to rant about politics now and then.Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.comBlogger961100tag:blogger.com,1999:blog-35974543.post-13398301250989125722010-09-14T08:58:00.002-04:002010-09-14T09:01:17.022-04:00

Good morning and welcome to Development Economics at Washington and Lee University. For the next 4 months we will be using this site to expand our discussion of development issues. Please sign up for an account and become a follower of the blog.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-91766734479457286172010-04-07T13:54:00.000-04:002010-04-07T13:55:14.562-04:00

From my favorite economist - Climate Economics.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com16tag:blogger.com,1999:blog-35974543.post-31598990236767589252010-03-29T10:12:00.001-04:002010-03-29T10:13:49.860-04:00

Thought this was a very interesting read - enjoy and let me know what you think.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com33tag:blogger.com,1999:blog-35974543.post-2325535764065047012010-03-04T09:13:00.002-05:002010-03-04T09:17:11.153-05:00

http://www.eurekalert.org/expertchat/talk.phpIt's a shame more people will listen to Leonardo D'Caprio.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com9tag:blogger.com,1999:blog-35974543.post-14421881307729913732010-03-04T09:07:00.000-05:002010-03-04T09:08:14.671-05:00

<!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 <![endif]--><!--[if gte mso 9]>

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com22tag:blogger.com,1999:blog-35974543.post-67014499193508093072010-03-03T10:41:00.000-05:002010-03-03T10:43:11.035-05:00

Here's what 8 "experts" think. Me, I'm with Jeff Sachs on this one.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com14tag:blogger.com,1999:blog-35974543.post-70956756475031009942010-02-17T08:56:00.002-05:002010-02-17T09:06:51.987-05:00

Since we will be discussing agriculture and the environment on Thursday, I thought you might be interested in this "Harvesting Cash" Investigation.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com15tag:blogger.com,1999:blog-35974543.post-88919948397886591212010-02-09T09:28:00.001-05:002010-02-09T09:29:51.347-05:00

If you are interested in learning more about rainforests - this is an excellent site.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com13tag:blogger.com,1999:blog-35974543.post-78843410137621023302010-02-09T09:23:00.000-05:002010-02-09T09:24:09.309-05:00

Interesting and informative.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com18tag:blogger.com,1999:blog-35974543.post-47080430592981635272010-02-08T13:49:00.001-05:002010-02-08T13:51:25.341-05:00

Bob Frank is one of my favorite Economists - Here is his take on Coase and Cap and Trade.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com14tag:blogger.com,1999:blog-35974543.post-11359611947172054862010-01-27T14:04:00.001-05:002010-01-27T14:06:30.742-05:00

The U.S. wind power industry continued to grow in 2009 despite a global recession, adding 9,900 megawatts — a capacity increase of about 39 percent.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com36tag:blogger.com,1999:blog-35974543.post-3709782796099496602010-01-20T08:54:00.000-05:002010-01-20T08:55:30.195-05:00

Tim Haab (OSU) has a nice lecture on Coase.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com32tag:blogger.com,1999:blog-35974543.post-46917176835146339742010-01-20T08:49:00.000-05:002010-01-20T08:50:14.062-05:00

Nice little story about Pigou.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com8tag:blogger.com,1999:blog-35974543.post-16168903218850645292010-01-11T10:34:00.002-05:002010-01-11T10:37:12.393-05:00

Welcome back Econ 255 Students. I look forward to getting to know each of you this semester and in order to facilitate the process I would like you to answer the following questions for me.1 - Why are you taking Econ 255?2 - What do you plan to bring to the class?3 - What do you hope to accomplish by the end of the term?Thanks, Jim

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com34tag:blogger.com,1999:blog-35974543.post-63118147408876739482009-03-25T15:33:00.001-04:002009-03-25T15:34:43.999-04:00

This is on the cover of the NYTimes online today. Smart guy - not convinced.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com31tag:blogger.com,1999:blog-35974543.post-10875854605923873822009-03-23T10:58:00.000-04:002009-03-23T10:59:26.804-04:00

What do you think about these ideas?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com30tag:blogger.com,1999:blog-35974543.post-86397152297515367252009-03-23T10:56:00.001-04:002009-03-23T10:57:49.456-04:00

Does this seem like a good idea?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com23tag:blogger.com,1999:blog-35974543.post-54071889614530420932009-03-15T20:44:00.001-04:002009-03-15T20:45:20.924-04:00

Too low for exploration that is

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com37tag:blogger.com,1999:blog-35974543.post-88866612811032009252008-03-17T09:58:00.000-04:002008-03-17T10:00:00.113-04:00

When the world gets you down - just retreat to March Madness. The Heels are the number one seed and the General has a smile on his face.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com104tag:blogger.com,1999:blog-35974543.post-64837298032731626652008-01-24T13:43:00.000-05:002008-01-24T13:46:39.253-05:00

As we get closer and closer to the election and closer and closer to a recession - my blood starts to boil at all the stupidity out there. From now on please refer to me as the Not So Jolly Green General. And on a more serious note - check out the latest blog:EnergyExternalities

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-59818710665091663752007-12-08T09:11:00.000-05:002007-12-08T09:13:50.856-05:00

We all know that John Whitehead is the straw that stirs that Mountaineer drink. Congrats to ASU.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-79244836380697869012007-12-04T08:32:00.000-05:002007-12-04T08:35:37.961-05:00

If you have not had a chance to comment yet this semester - here is one last opportunity - more evidence on a warming planet.Please take a moment to read this and leave a thoughtful comment.Jimp.s. - we will have a review session today, Thursday, and again next Tuesday in preparation for the Exam next Thursday.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com14tag:blogger.com,1999:blog-35974543.post-49507002717822299862007-11-27T11:53:00.000-05:002007-11-27T11:59:53.428-05:00

Nice work Tom. Here is a short piece on the merits of a gas tax.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com12tag:blogger.com,1999:blog-35974543.post-60150259102360228602007-11-20T08:11:00.000-05:002007-11-20T08:20:11.020-05:00

Here are the readings for the rest of the semester. Ignore whatever we have on the syllabus and be sure to read each of these carefully.DEVELOPMENT AND WATER QUALITYSEWAGE SPILLSWADING IN WASTENITROGEN AND PHOSPHORUSLOCAL NEWSMARINE BIOTECHNOLOGYsee you this afternoon.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com5tag:blogger.com,1999:blog-35974543.post-21347800653160354482007-11-08T15:12:00.000-05:002007-11-08T15:17:54.836-05:00

Yes, that's right, The Green General and the Mayor of Wilmington NC. We were participating in a "press conference" supporting the development of alternative energy technologies in New Hanover County. Wind, Wind, and More Wind.....

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com6tag:blogger.com,1999:blog-35974543.post-25166885252918321642007-11-02T21:31:00.000-04:002007-11-02T21:33:15.866-04:00

Please be sure to check the syllabus for the new readings for next week.Jim

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com1tag:blogger.com,1999:blog-35974543.post-24072174412341481392007-10-18T01:40:00.000-04:002007-10-18T01:45:52.629-04:00

Although the title of this post would lead you to believe that I am only going to address Ethanol in my talk today - that is not the case. I want to provide a framework and some numbers for thinking about the environmental trade-offs associated with different ways of producing biofuels. In the end, however, its - ethanol schmethanol. I did a back of the envelope calculation for the cost of

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com10tag:blogger.com,1999:blog-35974543.post-56354404158164328852007-10-14T21:53:00.000-04:002007-10-14T22:01:26.387-04:00

This is me and Zach after the race yesterday. I finished 243rd out of almost 900. Not bad for an old man. More importantly I got to spend time with family and raise money for autism research. Obviously, its never too late to donate.Tune in tomorrow for the premier of Ethanol Schmethanol.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-72200142289294925322007-10-09T19:10:00.000-04:002007-10-09T19:16:26.428-04:00

I am heading back to Lexington, VA next week to speak at the COVES conference (Commonwealth of Virginia Energy and Sustainability). I have been asked to speak about Ethanol and its potential environmental externalities. The tentative title for my talk was Ethanol, schmethanol, but I was concerned this would be a little cavalier of me - then it happened. I opened up the latest issue of the

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-65244071596400427372007-10-05T12:51:00.000-04:002007-10-05T12:57:00.964-04:00

Here is the latest version. Great conversation yesterday, not what we had planned, but sometimes the best laid plans...... Have a great Fall break.Jim

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-88693057482654488692007-09-25T09:42:00.000-04:002007-09-25T09:47:30.773-04:00

See if you can identify the mistake in the following passage from The Economist."At the same time high prices are bound to constrain demand, and unpredictable economic growth and Middle Eastern politics make the future of both demand and supply uncertain."Hint: exogenous vs. endogenous.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com85tag:blogger.com,1999:blog-35974543.post-32558777932343982622007-09-21T09:36:00.000-04:002007-09-21T09:40:36.536-04:00

Please check the syllabus for two new articles. One is a short comment by Bob Solow on Sustainability and the other is article is from RFF. Here is a link to the updated syllabus.Also, notice we do not have class this coming Thursday - I will be at NC State attending a climate economics workshop.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-57881067773356659662007-09-18T10:07:00.000-04:002007-09-18T10:12:00.633-04:00

Maybe there are some clues here.Fascinating work and even more insights into that whole conservative liberal thing....

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com5tag:blogger.com,1999:blog-35974543.post-69738130092614825402007-09-18T08:47:00.001-04:002007-09-18T08:49:41.894-04:00

Olivia and I went swimming in Banks Channel yesterday afternoon. We saw 6 dolphins swimming in the channel and then they headed out to sea through Masonboro Inlet.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-24233097249010699782007-09-11T09:08:00.000-04:002007-09-11T09:12:50.990-04:00

The answer is: it's cheaper. But is it? According to this article paint with high levels of lead sell for 1/3 the price of their lead-less counterparts. So, firms in China buy leaded paint to lower costs and maximize profits - wouldn't Uncle Milton be proud. Are the firms in China bearing all the costs or are there potential market failures here? Let me know what you think?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com9tag:blogger.com,1999:blog-35974543.post-63419020522194419092007-09-10T21:31:00.000-04:002007-09-10T21:33:23.405-04:00

I thought it might be helpful to see how others struggle with teaching Coase. Here are some thoughts from Tim Habb.See you tomorrow.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com3tag:blogger.com,1999:blog-35974543.post-38519241375182818072007-09-10T20:49:00.001-04:002007-09-10T20:58:14.129-04:00

Part of my time away from W&L will be spent doing field research. Since my primary field of interest these days is Marine Resource Recreation Valuation, it is important for me to recreate. Tonight we (the research team consists of Catarina, Olivia, and Lisa) went to a sea turtle excavation. It was really beautiful to see those little dudes heading for the great big sea. Yesterday, our

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-72654904614611372842007-09-10T11:33:00.000-04:002007-09-10T11:35:34.872-04:00

I want to learn about this study, but in the meantime here is an interesting article on the difference between conservatives' brains and those of a liberal bent...

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com4tag:blogger.com,1999:blog-35974543.post-75279420200378312372007-09-05T16:51:00.001-04:002007-09-05T16:54:42.492-04:00

Students are fond of asking that question and often the response is something 'blase' like go to Law School, be a consultant, go to business school, or work for an NGO. One of my former students works for AEI in Washington and from now on, when students ask me, "what can I do with a degree in Economics" my response will be "read this."Nice work Tom!!!

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com5tag:blogger.com,1999:blog-35974543.post-39341607972245787612007-08-30T14:24:00.001-04:002007-08-30T14:27:37.836-04:00

Next week we will finish chapter 2 and read The Tragedy of the Commons.Garrett Hardin published this piece in 1968 and for any current student of resource economics it is just as relevant today as it was 39 years ago - maybe even more so today.Nice class today - I am enjoying the level of participation.Peace

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com1tag:blogger.com,1999:blog-35974543.post-71219637671578548152007-08-29T20:56:00.001-04:002007-08-29T21:03:01.737-04:00

And he's a pretty good hoopster to boot. Bill Bradley had a nice piece in the Washington Posta few months back that is worth revisiting. His argument is simple - tax the things we want less of (oil imports) and reduce taxes on things we want more of (jobs). In case you weren't aware, Dollar Bill ran for the Democratic Presidential nomination in 2000. He served in the US Senate for 18 years,

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com7tag:blogger.com,1999:blog-35974543.post-60437053634925013602007-08-27T21:49:00.000-04:002007-08-27T21:54:37.330-04:00

Yesterday's NYTimes had an article on economic growth and pollution in China. It is hard to imagine how fast China's economy has been growing and even harder to imagine just how dirty the air and water must be. It begs the question - at what price growth??

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com31tag:blogger.com,1999:blog-35974543.post-34406370223645709442007-08-27T21:41:00.000-04:002007-08-27T21:43:50.816-04:00

Did you see the WSJ article on August 22nd with the title "China Pays Steep Price As Textile Exports Boom"? A perfect example of negative externalities.Below is the link if you have access:http://online.wsj.com/article/SB118580938555882301.html

Tim Diettehttp://www.blogger.com/profile/16586292862884168106noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-73198964543197252062007-08-27T08:24:00.000-04:002007-08-27T08:27:09.045-04:00

ECN 330

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-71852691432111000012007-08-26T13:56:00.000-04:002007-08-26T14:00:28.020-04:00

Since we will be talking about market failure in class this week - here is an update on the link between pollution and asthma.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-49398146521551643552007-08-24T14:51:00.000-04:002007-08-24T14:55:58.458-04:00

Back in the classroom - that is. Yesterday I taught my first class as Visiting Associate Professor of Economics at UNC-Wilmington. It felt good to be back in the classroom and the 22 students who showed up seem like a great bunch - I am really looking forward to the semester. As was the case last Winter - we will be using this site as a place to conduct an ongoing conversation about Natural

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-81690612972682510712007-07-20T14:25:00.000-04:002007-07-20T14:27:25.462-04:00

Good stuff from The Economist.See you next week.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com1tag:blogger.com,1999:blog-35974543.post-79718715241780887442007-07-19T13:56:00.001-04:002007-07-19T13:58:03.898-04:00

A very interesting piece from Jeff Sachs on the recent meeting of the African Development Bank held in China. Notice the role of government in the development process.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com3tag:blogger.com,1999:blog-35974543.post-20715608360285092772007-07-17T10:52:00.000-04:002007-07-17T10:54:29.934-04:00

Here are some links that should be of interest.Resources for the futureEnvironmental economics

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com1tag:blogger.com,1999:blog-35974543.post-42753424762776798562007-07-02T08:17:00.000-04:002007-07-02T08:22:05.726-04:00

Today we will stick to introductions, course outline, and some general discussion of the program. I am very excited about the next four weeks, and I hope you are as well. I will use this forum to post articles, both, with and without commentary. My expectation is that you will have checked the blog before you go to sleep so that you may come prepared for any potential in-class discussion the

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com8tag:blogger.com,1999:blog-35974543.post-78055782913157967552007-05-15T10:58:00.000-04:002007-05-15T11:00:58.373-04:00

Greg Mankiw is up to his old tricks - check it out.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com1tag:blogger.com,1999:blog-35974543.post-83694105960465023022007-04-27T08:02:00.000-04:002007-04-27T08:03:58.157-04:00

An interesting read from this morning's CSM.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com3tag:blogger.com,1999:blog-35974543.post-44254186877694182172007-04-10T09:36:00.000-04:002007-04-10T09:42:00.005-04:00

most people think I'm a crazy liberal who wants to impose my values on others (SARC)- like clean air for children and no blood for oil. Well it's not just me and the other "world government" folks - check out Fortune.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-19040852407968173542007-04-01T22:32:00.000-04:002007-04-01T22:36:48.800-04:00

This is a good place to start - EcoJobs.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-51454279247205628452007-03-07T01:23:00.000-05:002007-03-07T01:35:05.792-05:00

In my spare time I founded a Fortune 500 companyI teach at Berkeley, and I run a drum shop in VermontNo wonder I never get any writing done.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com4tag:blogger.com,1999:blog-35974543.post-6387877753819296932007-03-01T10:24:00.000-05:002007-03-01T10:34:19.344-05:00

I am sitting in a class listening to Dave Richardson (Syracuse) talk about some results from recent research by a group of economists at the Peterson Institute for International Economics. Here is the summary of the policy implications from this research - "further deepening of America's global engagement needs newly creative, newly effective domestic policy. The recipe for American success

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com5tag:blogger.com,1999:blog-35974543.post-10844212839451000622007-02-28T22:46:00.000-05:002007-02-28T22:48:41.906-05:00

From today's NYTimes

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com9tag:blogger.com,1999:blog-35974543.post-74916834809568035792007-02-21T12:38:00.000-05:002007-02-21T12:40:27.098-05:00

Professor Anderson passes along a good read in today's NYT.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com14tag:blogger.com,1999:blog-35974543.post-87070837419425100442007-02-20T09:32:00.000-05:002007-02-20T09:36:18.024-05:00

Last week in class I was telling you all about the pleasantries of Hog farms in NC. One of the ideas I mentioned, in the context of our energy acquisition/dissipation model, was turning waste into an energy input. Well, check this out- Pig Poop Economics.Enjoy your break. JC

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com6tag:blogger.com,1999:blog-35974543.post-60468955957916204312007-02-20T09:28:00.000-05:002007-02-20T09:30:49.236-05:00

is this what the founding fathers had in mind? Hopefully this kind of action will force the hand of the feds to act internationally on our behalf.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com6tag:blogger.com,1999:blog-35974543.post-52646965951772111042007-02-15T23:10:00.000-05:002007-02-15T23:11:25.064-05:00

What do you make of this?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com3tag:blogger.com,1999:blog-35974543.post-32535479765935725692007-02-14T12:06:00.000-05:002007-02-14T12:10:37.299-05:00

As most of you are now aware climate alarmists are a group of deranged liberals who want to ruin the US economy. Clearly we are deranged, because we want to do things to harm ourselves and our children (SARC). Well, check out the latest member of the Pigou Club.SARC is the universal blogger signal for sarcasm.JC

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-81748820587436246902007-02-14T11:09:00.000-05:002007-02-14T11:11:54.483-05:00

I direct you to N. Gregory Mankiw's blog for a look at three new articles by three very good economists. We may read the Weitzman piece for the week after Feb. break.JC

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-4137421048964773762007-02-12T11:02:00.000-05:002007-02-12T10:36:31.595-05:00

Based on this article I am thinking about starting my own futures exchange for air travel.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com16tag:blogger.com,1999:blog-35974543.post-92143078621571459572007-02-02T10:34:00.000-05:002007-02-02T10:35:53.731-05:00

I must admit I did not sleep well last night, but I tend to be a worry wart - here is the summary for Policymakers .We will probably read this during the last week on energy and climate change while we discuss policy option.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com13tag:blogger.com,1999:blog-35974543.post-62979024560977986492007-02-02T10:26:00.000-05:002007-02-02T10:31:03.174-05:00

The World Resources Institute has some great data and graphics that we will use in class today.WRI and for more carbon emissions data check out the Top 20.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com1tag:blogger.com,1999:blog-35974543.post-71943016635581600302007-02-01T13:50:00.000-05:002007-02-01T13:52:40.515-05:00

I think so. Check out today's story in the WSJ.Notice the tariff and the subsidy for US farmers and imagine how much we would import from Brazil without them.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com15tag:blogger.com,1999:blog-35974543.post-32798149536331513522007-01-30T13:41:00.000-05:002007-01-30T13:46:05.985-05:00

Was it Pink Floyd who said "there's nowhere to run to baby" It looks like the latest IPCC report will induce even more anxiety.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com19tag:blogger.com,1999:blog-35974543.post-7521250044434741652007-01-29T10:40:00.000-05:002007-01-29T10:44:28.511-05:00

Here are three useful websites for this section of the course:Oil Imports Oil reservesBP Energy Analysis 2006

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-77012655995589969332007-01-29T08:15:00.000-05:002007-01-29T08:21:09.855-05:00

The other day in class I was making bold predictions about the future of hydrogen energy and how it had the potential to completely change your lives. Seems I am not the only one, as Tim Haab has been predicting similar changes. And it looks like we might be on to something.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com15tag:blogger.com,1999:blog-35974543.post-75236096625624308242007-01-25T13:41:00.001-05:002007-01-25T13:44:00.294-05:00

An interesting article in the NYTimes. Can you think of an economic argument for increasing our expenditures on R&D in the area of alternative fuels?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com17tag:blogger.com,1999:blog-35974543.post-71269890542738173422007-01-25T09:39:00.000-05:002007-01-25T09:44:54.398-05:00

Apparently the idea of using taxes to curb gasoline consumption is catching on. Take a look at this morning's Marketplace on NPR. There is also a new web site for Pigouvians. And as always the former chair of the council of economic advisors for President Bush is a voice for change.We will be making heavy use of the Pigouvian tax idea for the next few weeks - And I am very much looking

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com10tag:blogger.com,1999:blog-35974543.post-62876338670714117182007-01-23T11:46:00.000-05:002007-01-23T11:48:29.626-05:00

Did you ever think you would see this on the cover of the Wall Street Journal . The global warming debate is shifting from science to economics, so says Jeffrey Ball at the WSJ. Why do you think this is happening?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com19tag:blogger.com,1999:blog-35974543.post-89805485155481613102007-01-21T15:47:00.000-05:002007-01-21T15:52:19.891-05:00

Here is a story from China about the costs of environmental degradation and what it will cost to clean up the mess. I wonder if this is an example of the Environmental Kuznets Curve at work or wise policy makers looking at a bleak future and recognizing the importance of investing in natural and environmental capital for future well-being. What do you think?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com15tag:blogger.com,1999:blog-35974543.post-15751147257619321022007-01-21T15:32:00.000-05:002007-01-22T12:02:57.472-05:00

So you don't think improving the quality of the environment can increase economic growth - well Jeff Sachs thinks differently. I happen to agree with Jeff that we need to start thinking about the environment as a primary input to production and not some luxury good we can afford once we have enough income.Here is a link to another study suggesting that air pollution can reduce productivity.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com12tag:blogger.com,1999:blog-35974543.post-45874348712216436602007-01-21T02:03:00.000-05:002007-01-21T02:06:04.401-05:00

Perhaps it is easy being green. Check out this story from Charlotte, NC.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com10tag:blogger.com,1999:blog-35974543.post-28007222264671187882007-01-21T01:35:00.002-05:002007-01-21T01:42:30.875-05:00

On Monday, in class, we will be talking about the relationship between the economy and the environment. Many have argued that protecting the environment hurts the economy - not Michael Porter . Additionally, Al Gore was just up at the HBS talking about his take on the economy - environment relationship. What do you think?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com10tag:blogger.com,1999:blog-35974543.post-87886910696617398562007-01-19T08:25:00.000-05:002007-01-19T08:28:29.371-05:00

On Wednesday evening our Generals beat the Wasps of Emory and Henry thanks, in part, to our very own Kirk Jones .

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-13427162675312123772007-01-18T11:11:00.000-05:002007-01-18T11:14:17.945-05:00

Yesterday in class I may have said something about the Dems' opportunity to put up or shut up about climate change - looks like they will put up . Thanks to Jon Rogers for finding this article. As it happens the WSJ has a similar story on the frontpage today.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com5tag:blogger.com,1999:blog-35974543.post-68777654825959143472007-01-16T21:17:00.000-05:002007-01-16T21:28:40.763-05:00

200 million Africans eat fish regularly and the UN Food and Agriculture Organization (FAO) estimates that fish provides 22% of the protein intake in Sub-Saharan Africa. When I was in Mexico last spring the local fisherman were saying a fish in the ocean was worth more than a fish on a plate. I think there needs to be a coversation about integrated fisheries management for tourism and protein

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com8tag:blogger.com,1999:blog-35974543.post-60327117561970929072007-01-16T15:29:00.000-05:002007-01-16T15:32:31.430-05:00

I figured we could get started on some of the basics/background for the next section of the course. Earth Institute

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com5tag:blogger.com,1999:blog-35974543.post-17977462915781203022007-01-11T14:55:00.000-05:002007-01-11T14:58:47.594-05:00

In case you are interested - here is a list of some pretty darn good economists who support Pigouvian taxes.See you all tomorrow.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-45668967081971766142007-01-10T14:15:00.000-05:002007-01-10T14:19:44.038-05:00

This morning we briefly mentioned the potential role of government in reducing negative externalities - way to go Arnold! .Can you see any unforeseen consequences?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com8tag:blogger.com,1999:blog-35974543.post-22728528652931903552007-01-10T14:09:00.000-05:002007-01-10T14:12:28.033-05:00

Check out this article from today's NYTimes.Economists are doing some cool things - so pay attention in class. LOL!!

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com2tag:blogger.com,1999:blog-35974543.post-86082005429930851432007-01-09T13:55:00.000-05:002007-01-09T14:02:38.907-05:00

Yesterday in class we started the discussion of the energy/climate change connection. I briefly mentioned that it is not possible to discuss this without including China and India. This morning's NYTimes gives us a sneak peek at things to come.Enjoy!

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com8tag:blogger.com,1999:blog-35974543.post-25373633177618257652007-01-08T10:10:00.000-05:002007-01-08T10:22:44.944-05:00

Hope everyone enjoyed the Holiday season. I did a little traveling, ate, drank , and was merry - now I have to repent for the extra carbon emissions. Before we get started, a special thanks to John Whitehead for placing us on the Blogroll over at ENV-ECON .For the next 12 to 14 weeks or so this site will be dedicated to an on-going discussion of environmental and natural resource economics as

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-24858263913331995742006-12-12T09:58:00.000-05:002006-12-12T10:20:57.440-05:00

Ever since the Stern report came out last month the focus of discussion has been on choosing an appropriate discount rate and how Stern's choice of a low discount rate inflates the costs of climate change. Stern's estimate that climate change under the BAU business as usual scenario will cost us between 5-20% of future GDP is probably way out of line and many people have already pointed this out

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-77304291130801606122006-12-12T09:47:00.000-05:002006-12-12T09:51:33.309-05:00

Check out the post over at Env-EconWhere John points out that almost 2/3 of us want to legalize it - mon! Perhaps more importantly is that many economists believe in environmental policy.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-5411834385302174042006-12-01T11:23:00.000-05:002006-12-01T11:27:11.927-05:00

Greg Mankiw wants to know the answer to the following question - Can 600 economists all be wrong? What do you think?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-1163599741676949822006-11-15T08:51:00.000-05:002006-11-16T13:02:27.165-05:00

Sub-title: Another reason I think conservative pundits are stupid.Ever since the election results came in last week, we have been bombarded with the notion that the newly elected Dems are going to put in protectionist trade policies. If anyone even refers to the fact that inequality is growing and trade policy might have something to do with it - they are immediately labeled Protectionists.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com6tag:blogger.com,1999:blog-35974543.post-1163344654225402992006-11-12T10:14:00.000-05:002006-11-16T13:02:27.063-05:00

Using incentives to reduce carbon emissions is the preferable strategy for most if not all economists. But, we don't agree on whether to use price or quantity controls. I usually favor tradable permit approaches, but I am also open to other ideas. So here is another idea.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-1163250423633072232006-11-11T08:05:00.000-05:002006-11-16T13:02:26.969-05:00

Here is a link to Mark Thoma's site.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-1163195608998695032006-11-10T16:51:00.000-05:002006-11-16T13:02:26.870-05:00

Here is a short piece I wrote for the Economists' Voice.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-1163179398075502772006-11-10T12:23:00.000-05:002006-11-16T13:02:26.768-05:00

Greg Mankiw's Blog: Real World PigoviansMore on gas taxes - does anyone think we might actually see a national increase?

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-1162650771957955872006-11-04T09:27:00.000-05:002006-11-16T13:02:26.669-05:00

Here is what John Kerry meant to say, as written by a Princeton Economist.

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0tag:blogger.com,1999:blog-35974543.post-1160758050351875032006-10-13T12:43:00.000-04:002006-11-16T13:02:26.551-05:00

Hi - My name is Jim Casey. I am a Professor at Washington and Lee University. I teach Development and Environmental Economics. I have been a guest author at Environmental Economics.I decided to start my own blog just to see how it goes. More to come......

Jim caseyhttp://www.blogger.com/profile/08951841123149476854noreply@blogger.com0