The threat of climate change is an increasingly important environmental issue for the globe. Because the economic questions involved have received relatively little attention, I have been writing a nontechnical book for people who would like to see how market-based approaches could be used to formulate policy on climate change. When I showed an early […] … learn more→

Between 1918 and 1920, an influenza epidemic swept across the globe, infecting more than a quarter of the world’s population and killing 50 to 100 million people. If a similar outbreak occurred today, vaccines might help, but it’s possible that vaccine production would not be ramped up in time to have a significant effect. Furthermore, […] … learn more→