For all those who think ‘what actually economists do other than playing with equations and statistics’?

I refer to you, the following link:

http://www.economonitor.com/dolanecon/2011/10/24/only-economists-can-save-the-planet/

Ed Dolan comments on Gernot Wagner’s Book, ‘But Will the Planet Notice?’

Briefly, economists can apply statistical distributions to analyze global phenomenon like ‘climate change’ and suggest corrective course of action; they can measure genetic variance to decide on which endangered species to focus on; can reinforce technically that no matter how difficult a goal is, it is achievable if market (mechanism) supports it.

Basically, pay for what you get – be it the ‘self-proclaimed’ right to pollute!

I particularly like the last proposition, which I can use to convince the polluters, which is technically the ‘There ain’t no such thing like a free lunch’ (TANSTAAFL) principle.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s