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Miscellaneous

36 – Computer disasters: a cautionary tale

24 January, 200526 December, 2011 by David Pannell6 Min Reading

It was the day after my birthday. I was working on some emails in the Qantas Club in Perth. I’d been there for an hour

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Economics

35 – Thinking like an economist 11: Externalities and market failure

17 January, 200526 December, 2011 by David Pannell5 Min Reading

“Market failure” is defined as a situation where people acting independently and individually will not result in the greatest possible benefits for society, at least

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Economics

34 – Thinking like an economist 10: Values in the very long term

10 January, 200512 October, 2019 by David Pannell6 Min Reading

Discounting for short-term benefits and costs (within say 20 years), or for purely commercial investments, is theoretically uncontroversial. Discounting for investments that pay off over

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Economics

33 – Thinking like an economist 9: Time is money

3 January, 200519 August, 2021 by David Pannell7 Min Reading

The old saying, “time is money” is a reminder not to waste your hours when you could be getting on with making profits. However, it

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Economics, Natural resource management, Politics

32 -Australia’s position on whaling

27 December, 200428 July, 2015 by David Pannell6 Min Reading

A Perth taxi driver last week was telling me about his holidays in Albany in the days before they closed the whaling station in 1978.

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Miscellaneous

31 – A Christmas recipe

20 December, 200426 December, 2011 by David Pannell1 Min Reading

Going to Nana’s for Christmas in the 1960s was always a terrific treat. She was a good present buyer, and a good food provider. The

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Recent Posts

  • 437. Environmental offsets 5. Setting the baseline

    Biodiversity offset schemes usually aim to deliver “no net loss” of biodiversity, but no net loss relative to what? What is the baseline? This question

  • 436. Environmental offsets 4. Time lags

    In environmental offset schemes, there is often a time lag between when the environmental damage is done and when the offset project delivers its full

  • 435. Environmental offsets 3. Risk of failure

    When designing an environmental offset scheme, it is important to account for the probability that an offset project will fail to deliver its intended benefits.

  • 434. Environmental offsets 2. The currency for measuring impacts and benefits

  • 433. Depicting risk in graphs for farmers

  • 432. Environmental offsets 1. Introduction

  • 431. Webinar on economics of urban park designs

  • 430. Polarised public opinion

  • 429. The value of a non-market value

  • 428. Economic analysis of urban park designs

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Recent Posts

  • 437. Environmental offsets 5. Setting the baseline 2 October, 2025
  • 436. Environmental offsets 4. Time lags 19 September, 2025
  • 435. Environmental offsets 3. Risk of failure 14 July, 2025
  • 434. Environmental offsets 2. The currency for measuring impacts and benefits 7 July, 2025
  • 433. Depicting risk in graphs for farmers 30 June, 2025
  • 432. Environmental offsets 1. Introduction 16 June, 2025
  • 431. Webinar on economics of urban park designs 30 May, 2025
  • 430. Polarised public opinion 26 May, 2025
  • 429. The value of a non-market value 12 March, 2025
  • 428. Economic analysis of urban park designs 10 March, 2025

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