Air pollution from coal-fired power plants has negative externalities, damaging human health. Carbon emissions from these power plants contribute to global warming. A recent article in The Economist discusses the recent acceleration in global warming, and suggests that the twin goals of a cleaner air and a cooler planet may be in conflict: Evidence against […]

Econlib Blog

29.04.2025

Crisis and Leviathan: The Federal Government in the Civil War - Econlib

When the Civil War broke out in 1861, the federal government, like any government in any situation, had three sources of money: taxing, borrowing, or printing. Taxing The federal government was much more successful than its Confederate counterpart in funding the war via taxation. In August 1861, tariffs were hiked and the first federal income […]

Econlib Blog

29.04.2025

Joseph Epstein Errs on the Dismal Science - Econlib

In the April 24 Wall Street Journal (April 23 electronic version), regular writer Joseph Epstein, in an article titled “Is That an Augur, or a Mere Economist?” does a disservice to economics in two ways. I’ll deal mainly with one of them. Epstein writes: Economics is supposed to be a science. The “dismal science” Thomas […]

Econlib Blog

29.04.2025

The Past and Future of AI (with Dwarkesh Patel) - Econlib

Dwarkesh Patel interviewed the most influential thinkers and leaders in the world of AI and chronicled the history of AI up to now in his book, The Scaling Era. Listen as he talks to EconTalk’s Russ Roberts about the book, the dangers and potential of AI, and the role scale plays in AI progress. The conversation concludes […]

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Economy

When externalities conflict - Econlib

Crisis and Leviathan: The Federal Government in the Civil War - Econlib

Joseph Epstein Errs on the Dismal Science - Econlib

The Past and Future of AI (with Dwarkesh Patel) - Econlib

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