Dmitry's Forums

I propose a different take on it.

In the book, I agrue that there is no such thing as environmental economics. ... the problem is not "Pigovian taxes versus cap and trade." It is much more fundamental. One can engage in economic calculation of costs and benefits, profits and losses only within the market. There is no such ...

In (II, 8), I mention overfishing as an example of the tragedy of the commons. Privatizing aspects of the oceans is surely a difficult problem. How do we define, enforce, allocate, trade, ... property rights over fish yet to be caught? The government is supposed to protect those rights; I wish they'...

Taleb considers entrepreneurship to be a refutation of the argument that the world is designed, perhaps by God. "For Aristotle, an object had a clear purpose set by its designer. An eye was there to see, a nose to smell. ... Yet anything that has a secondary use, and one you did not pay for, wi...

Could a man contemplating going to war or taking justice into his own hands reason as follows? "My enemy does not want to toss a coin or duel. He sits comfortably on his throne, safe behind his walls and guards. Every other measure has failed to give me what is mine. The only thing he understan...