Andreas Polk and Michael Hellwig: Do political links influence water prices?

In their new paper, NOUS member Andreas Polk and Michael Hellwig explain water prices in Germany by analyzing demand and cost drivers, governance structures and political links to local politicians. First, they find evidence for economies of scope between supply and wastewater treatment. Soil rigidity significantly influences water prices, and prices tend Read more…

Peter Boettke & Christopher Coyne: The Economic Logic Behind the Ultimate Resource

Using economic reasoning, Julian Simon offered crucial insights into a range of pressing issues including the environment, immigration, and economic development. The main lesson from Simon’s scholarship is that the ultimate resource does not reside in the ground (natural resources), or even in the accumulated wisdom and knowledge in books Read more…

Beyond behaviorism, positivism, and neo-institutionalism in economics: a conversation with Deirdre Nansen McCloskey

Paolo Silvestri interviews McCloskey about her forthcoming book, ‘Beyond Behaviorism, Positivism, and Neo-Institutionalism in Economics’, critical of recent economics, especially of neo-institutionalism. Neo-institutionalism uses the ugly character ‘Herr Max U’ as its central idea: the elevation of Prudence to the only virtue. Institutions are mainly intermediate, not ultimate, causes in Read more…