The other day I posted a long, detailed musing on the price of gasoline and whether the recent price increases would have a long-term impact on our domestic demand. I drew extensively upon the work of Dan Ariely, a behavioral economist, formerly of MIT, now of Duke. I enthusiastically recommend his book Predictably Irrational, a [...]
Posts Tagged ‘Arming the Donkeys’
Crack Addicts & Gas Pumps
Posted in Economics, Environment, Politics, tagged addiction, Arming the Donkeys, behavioral economics, climate change, crack, Dan Ariely, Daniel Kahnemann, Economics, gas, global warming, NYtimes, oil, Politics, Predictably Irrational, the economy, the environment, Thomas Friedman on September 23, 2008 | 1 Comment »
I don’t mind the high price of gas these days, not because I don’t drive–I do–but because I think gas ought to be priced this high, and probably even higher. These high prices should reduce the demand for gasoline, and the sooner this happens, the better; the continued unmitigated consumption of cheap fossil fuels could [...]
