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EcoCommercist
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A typical economist - can't see the forest for the trees
Toggle Commented Dec 20, 2012 on Dang fine trees at Environmental Economics
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That, and the 42 other things people try to do while they drive will be the reason that self-driving cars will take off when they are available. People will get over the scary part of not having control of the vehicle because so many people don't think they have the time to drive - it is so inconvenient.
Toggle Commented Oct 25, 2012 on Moral (road) hazard at Environmental Economics
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The biggest question is not known.
Toggle Commented Sep 13, 2012 on Quote of the day at Environmental Economics
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The market signal would be for waste plastic that should not encourage the purchase of plastic products. Waste plastic could go up in price to a point that the crude was no longer affordable to remake. In the meantime, demand for real crude would go down as an [affordable?] substitute was available.
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Here is a related quote on when bad news is taken as bad news -from Dan Glickman - former Sec of Ag “ It will not be sufficient in the future simply to provide crop or livestock insurance to producers when crops fail; we need to ensure that we do everything in our power to prevent crops from failing in the first place.” http://thehill.com/blogs/congress-blog/economy-a-budget/245593-expanding-food-production-in-a-carbon-constrained-future
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Wouldn't the supply of the output remain the same? A ride around Millersport should be as fun (same output) this week as the good ole days when everything was much cheaper. Danny still generates an absolute demand for horse riding and companionship, he just can no longer has hte desire to create an effectual demand.
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To clarify my question, I do agree that it does require 4.7 billion bushels of corn to generate 13.2 billion gallons of ethanol. But ethanol production does not consume the entire kernal with leaves 17 pounds of 'distillers grain' (contains protein, fats)per bushel or 80 billion pounds (1.4 billion bushels) or 30% of the kernal and the higher value component. I also agree that the price of corn and other grains will also decrease if you stop using it for ethanol and the price of corn ~10 cents a pound or about one penny for 240 calories would be less. I do not believe you complained about the paying a penny for 240 calories, but I assumed you implied that this was too expensive.
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I appreciate the progress that is made toward understanding the value of natural capital, but it seems that economists loose their sense of economics when their sister word, "ecology" is mentioned. As an ecologist that has moved over to the science of economics, I can see why it happens; it almost warrents the qualifier of the dismal science to be change to the lame science. In the about examples, we have to did a bit deeper to find the real supply and demand forces. We need to understand the absolute demand and the effectual demand. We have to understand what from the natural capital we desire. I think the major mental shortfall is that we think we can build this ecological-economy atop our existing economic system. The ecology is no a seperate market, but a parallel economic system that needs to be aligned with our busy little economy. These emerging markets need to step back a bit and look at the bigger picture. They currently can't see the watershed for the water.
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It is far more economical to learn on-line with access to free and emerging information - heck even skip the on-line formalities - it is all there just for the taking. Of course one has to have some sense of integrating and differentiating, but you can get those skills in high school if you show up. If you cannot browse and sort through information then Professor Babysitter is far more economical. The other issue which you brought up is trust. You could learn everything, but without a means for value attribution to a piece of paper how could anyone possibly know you know anything. I guess its just that $50,000+ plan to learn afterall.
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Is Kay MacDonald's 48% figure the amount of corn that goes into ethanol plants or the total amount of corn used to make ethanol. Two different things - two different numbers and in a numbers war you want to make sure your ammo is not incorrectly loaded.
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Gas sales dropped, so people could not drive to the store to buy things - that was a drag. Or it could be that other comment that the media says stuff.
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Helene - Nice summary and links to options. I will move forward to better illustrate that "Symbiotic Demand" is the positive opposite of the "tragedy of the commons". https://prezi.com/tpfaewgz1jie/apportioning-ecological-values-and-costs-through-symbiotic-demand/
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Apr 1, 2012