In Pannell Discussion 18, I touched on the need to select a clear objective when tackling a complex decision problem. Without a well-defined and well-considered
read moreEconomics is fundamentally about decisions, either understanding the decisions that people make, or helping people (especially governments) to make decisions. Some decisions are hard, but
read moreYou will probably be surprised that my starting point in this discussion of how to think like an economist is a book called The Prehistory
read moreEvery so often I get asked about whether it is valid to include improved land values in economic evaluations of land conservation works on farms,
read moreI watched a lot of tennis from Wimbledon when it was on a week or two ago. The big story of the tournament was the
read moreSome people seem to think that a good use of economists is to estimate “the cost of” things. Particularly in the realm of environmental impacts
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