Wednesday, May 19, 2010

Required reading for Monday 5/24

We'll be discussing the economics of water management on Monday. Read Water is an economic good: How to use prices to promote equity, efficiency, and sustainability. You should come away with a better understanding of how water pricing can be used for water management, and the components of the total costs and benefits of water resources.

Tuesday, May 18, 2010

Some policy analysis examples

For those of you interested in seeing examples of policy analyses from a benefit-cost framework, here a few examples:

There's quite a bit of variation in how these analyses are actually conducted and they don't always follow all of the steps we would like to see in theory for various political or practical reasons. These should give you a little insight though into what your report might look like.

These aren't required readings for Wednesday. Bryce hasn't posted anything so I don't think you have to worry about any.

Friday, May 14, 2010

Reading for Monday May 17th

Resilience and Sustainable Development: Building Adaptive Capacity in a World of Transformations connects several issues we've discussed through the idea of resilience as an approach to sustainability in a joint effort by many of the leaders in the area of sustainable development. You should come away from this paper with an idea of how resilience as a policy target relates to risk, uncertainty, ecosystem services, diversity, disturbance, and poverty. Don't worry it looks long but it's 22 pages of content and written for a non-technical audience.

We'll have your outlines and lit reviews back on Monday, but we encourage you to keep making progress.

Friday, May 07, 2010

Uwe Reinhardt on the assumptions of benefit-cost analysis

As part of a different post, Princeton economist Uwe Reinhardt posted a memo he uses as part of his classes that outlines some of the history and assumptions that lurk in welfare economics (aka benefit-cost analysis). I encourage you to check it out:

How We Economists Bastardized Benthamite Utilitarianism and Became Shills for the Wealthy.”

Thursday, May 06, 2010

Reading for next Monday

For class on Monday, please read:

"Sustainability: An economist's perspective" by Robert Solow


"Climate Change and Discounting the Future: A Guide for the Perplexed" by David Weisback and Cass Sunstein

You should be able to find both with a google search.

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