Oh, is that what the analysis of 14,000 real estate transactions on a real-time opportunity-cost, inflation adjusted basis against the 30-year bond is about?
I three am an economist, besides having an engineering degree.
Just because choices place ENVIRONMENTAL economies over other economic choices. . . doesn't mean that Sowell doesn't understand those choices.
The book proposes market-based means to account for the trade-offs between environmental externalities, mitigations, offsets, and risks with pricing determined without any interference by government or academics for which I was awarded a business method patent that is capable of invalidating the Bartels carbon trading patent by prior art. Try reading a little more before posting. M-kay?
I said we'd probably be in agreement. . . LOL!. . . and so would Sowell. I think you are erroneous in disagreeing with Sowell on scant evidence from a 500 word essay, is all. Sorry about my wording.
I sure hope your patent DOES invalidate that damn idiotic idea of trading carbon credits. . .
We can be two or four of those economists who laid end to end will never reach a conclusion. Just don't kick too hard. . .