The locavore movement, like many parts of environmentalism, has an unfortunate tendency to dress itself in the clothing of science before lapsing into mysticism.
To see the sharing economy as merely “cheaper taxis and cheaper hotels” is to miss the point entirely.
A for-profit company is helping rural Africans earn money from their land by securing their property rights.
Most wildlife in Africa is the property of the state. But in one country, people have found a market-based solution that seems to work.
California is running on the equivalent of a Windows operating system (OS) that’s backwards compatible with earlier versions of the OS — and thus just as confusing, complicated, and conservative as you would expect from a system dating back decades.
Because no one can tell a plausible story about market exchange or transaction costs with future generations, no one can show that climate change is an external cost resulting from a market failure.