You are currently browsing the Armchair Economist weblog archives for the day September 3, 2007.
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- April 3, 2008: Armchair Economist gets a much-needed update
- April 3, 2008: Ghost of Herbert Hoover
- April 3, 2008: Are you smarter than a high-schooler?
- April 3, 2008: Katrina hero: Wal-Mart
- April 2, 2008: No Child Left Behind
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Archive for September 3, 2007
Knowledge-based workforce
September 3, 2007 by Tom Armstrong.
Short article today on our changing workforce.
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Reducing our cabon footprint
September 3, 2007 by Tom Armstrong.
New, good article from the Library of Economics and Liberty. Notable:
There is no shortage of ways to reduce our carbon footprint. I could teach my economics courses in the dark, forbid anyone to bring in a bottle of water, scale down the heat in winter and have everyone wear coats (and turn off the air conditioning on hot, muggy May days), force my 150 students to share one copy of the text to save trees, give only oral examinations to cut down on the use of paper, not answer e-mail from my students to minimize the electrical drain, be more like the French (or some of my colleagues) and not shower daily nor put on clean underwear. But I like to think of economics, and teaching my courses, in terms of tradeoffs—convenience, practicalities, comfort, being “fuelish”—and the marginal costs versus marginal benefits and reasonable alternative, as opposed to simply minimizing the energy bill.
We could certainly eliminate altogether many appliances that alter temperatures, a huge energy drain. No more water coolers or refrigerators; we can drink water, sip our Starbucks beverages and down our beer at room temperature. (And, by the way, why not boycott coffee entirely—the major ingredient comes from South America or even farther away, though at a very high energy cost we could grow all our coffee in Minnesota greenhouses.)
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