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I'm looking for economists who are studying what happens when the cost of fuel goes away.  Would be good to imagine what that would look like.

I went to a day-long event at Harvard Law School a few weeks ago on "how to pay for the Green New Deal" and none of this was mentioned there, surprisingly.  It turned out to be an invocation of Modern Monetary Theory instead so I did my little bit of research since I haven't found any "experts" who seem to be thinking in this direction.  

Solar IS Civil Defense

by gmoke on Fri Jul 5th, 2019 at 08:31:32 PM EST
[ Parent ]
"Cost" will never "go away". Call it "loss" or call it "death", call it a recurring fact of human experience. So are birth and union.
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HLS seems to me an unlikely venue for exhibitions of intellectual plasticity. Institutional peculiarity per se is not so important as professional limitations of its members. I expect them to convene discourse in defense of "common law" tradition, eg. stare decisis. Topical interest, eg. MMT, necessarily reinforces status quo valuation and social boundaries. Sometimes that strategy's appropriate, sometimes not.
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Where else might one find amateur and professional economists who are actually sensitive to fuel demand elasticity and routinely recommend optimal allocations of public and private equity?

Market Makers
real-time demand destruction
Have you been paying attention to industry diversification in this space?

Price Takers
UN Climate Fund to make funding green projects easier
Have you been paying attention to grant-making and concessional loans in this space? 14 June RFP, illustrated.

Diversity is the key to economic and political evolution.

by Cat on Tue Jul 9th, 2019 at 07:56:46 AM EST
[ Parent ]
"The reforms should encourage the industrialised countries to increase their contribution to the fund," said Dagnet.
[...]
The gap left by these states must be closed, said CMIA's Tracy, who is relying on Japan and on EU member states to close it. Non-state actors should also be targeted - but in order to reach them, the fund needs to become more efficient.

"That's the big goal for the weekend," Tracy said.

United Nations Framework Convention on Climate Change (UNFCCC) in Bonn (17-27 June).

Diversity is the key to economic and political evolution.
by Cat on Tue Jul 9th, 2019 at 08:03:39 AM EST
[ Parent ]
If you aren't buying petroleum, natural gas, and coal and burning them up for power, the costs of those commodities to your enterprise, private, public, or national, goes away.

That may be simplistic but it is also real.

Of course, the externalities from previous burning of such commodities goes on costing but that's another consideration entirely.

Solar IS Civil Defense

by gmoke on Tue Jul 9th, 2019 at 06:48:51 PM EST
[ Parent ]
Thar you go!

"Cost shifting", as the proles say, is real. It never goes away, and sumbuddy gets paid/compensated to "clean up". Thank Kuznets for the shambolic arithmetic expression, Y = C + I + G + (X − M), or ...


Diversity is the key to economic and political evolution.

by Cat on Tue Jul 9th, 2019 at 10:27:14 PM EST
[ Parent ]

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