Environmentalists have long been pushing for a transition from fossil fuels to clean and renewable energies. Elon Musk, CEO of Tesla and SpaceX, has said that people are running “the dumbest experiment in history” by continuing to burn oil, coal and gas. He argues that even if we find new ways to extract oil in tar sands or in the ocean, fossil fuel must come to an end either when they have... Read More
“It will be repealed and replaced and we’ll know […] that’s what I do, I do a good job”, so were the words President-Elect Trump spoke during a 60 Minutes interview on November 13th. Elected on a platform which promised to repeal the Affordable Care Act (henceforth “ACA”), Donald Trump benefited from a w... Read More
Assessing the influence of democratic and authoritarian regimes on mitigation efforts
The impact of anthropogenic activity, both at the industrial and private level, continues to exacerbate the issues surrounding climate change in today’s society. The possibility of future progress grows breaker due to limited action by nations to thwart the detrimental effects of c... Read More
The nuclear energy dilemma in Trump’s era
Introductions: context, debates, and urgency
After the Fukushima Daiichi disaster of 2011, nuclear energy has been facing challenge after challenge: global public support for nuclear energy generation has decreased, major countries with significant nuclear capacity have announced phase-outs or complete shutdowns of existin... Read More
Anthropogenic activity, both at the private and at the industrial level, continues to raise the salience of climate change. With the advent of new technologies and increased capacity in the scientific field, climate change has not only been proven to exist but has also been shown to have a detrimental impact on future generations. Despite this overwhelming evid... Read More
In economics “incentives matter”, so much so that the bestselling book Freakonomics defines the discipline of economics as the study of incentives. Extrinsic incentives, like cash payments, are familiar forms of incentives and they are often proposed in order to motivate or alter the behavior of individuals. So, should students get financially rewarded for class attendance? Would a... Read More
Over the past three decades, the American manufacturing has been characterized by a marked decline in employment rates. We hear much about deindustrialization and the outsourcing of production leading to an almost wholesale relocation of American labor-intensive industries to lower-wage areas in the developing world. By the end of 2012, the sector had lost approximately 8 million jobs since its... Read More
Masoud Movahed is a researcher in development economics at New York University. He contributes to, among others, the Harvard International Review, the Yale Journal of International Affairs, and Al-Jazeera English.
“The fate of the world economy is now totally dependent on the stock market, whose growth is dependent on about 50 stocks, half of which have never repor... Read More
After a decade of hefty profits, by summer 2012 Apple Inc. was sitting on $117 billion in cash, 23% of the entire company’s value. Yet despite no acquisition plans to justify the staggering figure, Apple long refused to return a single dollar back to its shareholders. By August intense pressure became intolerable, pushing the company finally to pay $2.5 billion in cash dividends, a mere two... Read More
Welcome back to my blog! This year, as in last, I will be covering economic debate on Capitol Hill.
Since all the pundits are now talking about ISIS, the radical Islamist group surging through Iraq and Syria (or Ebola), I wanted to share an interesting anti-interventionist argument based on Austrian Economics. John Tamny, Read More