About Economic DropletsAn environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
Copyright© Adam Bailey and Economic Droplets, 2012-2017.
Author Archives: Adam Bailey
A proposed new approach to environmental policy fails to convince. Why Environmental Policies Fail by Jan Laitos is a curious book (1). Its subject is certainly important, and it’s hard to disagree strongly with the bleak picture it presents of … Continue reading
The winning entries for the Indigo Prize highlight both the importance of improving economic statistics and some of the challenges of doing so. The launch of the Indigo Prize by LetterOne is a welcome initiative which recognises both the limitations … Continue reading
Long-term forecasting of the aggregate production function is essential for assessing sustainability, but very difficult. Is our current living standard sustainable? Or does depletion of non-renewable natural resources such as fossil fuels and metal ores mean that it must eventually … Continue reading
A valuation of the Great Barrier Reef illustrates many common issues in the economics of environmental valuation. A recent report by Deloitte Access Economics (1) estimates the asset value of the Great Barrier Reef at A$56 billion (2). This is … Continue reading