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Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resources. At the same time, incomplete information generates prices that can lead to a mis-allocation, producing in some cases too little while in others too much of a good. Matters become more complicated when striking a balance is influenced by our perceptions of risk. Here, neuroscience provides insights into which, and what kind of public sector interventions one should consider. While there are many types of risk – political, economic, financial, and environmental as individuals confront any crisis, our perceptions of risk can alter significantly the extent to which we look to publi...
Coal, the nation's most abundant fossil fuel and the only one that is exported, represents one of our most valuable natural resources. This study undertakes a thorough review of the economics of the Appalachian coal industry. It establishes, first of all, the international framework within which the American and the Appalachian coal industry function. It next examines the underlying principles that govern the production of and the demand for coal. This demand is influenced not only by price but also by world politics, the economic well-being of dozens of countries, government regulation, and the availability of fuel substitutes. Included are a comprehensive treatment of the regulation of the...
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"Planning as Persuasive Storytelling is a revealing look at the world of political conflict surrounding the Commonwealth Edison Company's ambitious nuclear power plant construction program in northern Illinois during the 1980s. Examining the clash between the utility, consumer groups, community-based groups, the Illinois Commerce Commission, and the City of Chicago, Throgmorton argues that planning can best be thought of as a form of persuasive storytelling. A planner's task is to write future-oriented texts that employ language and figures of speech designed to construct constituencies that the planner's vision is both desirable and feasible. Though seeking to persuade, the planner must also remain open to transformation through honest engagement with contending stories. Juxtaposing stories about efforts to construct Chicago's electric future, Planning as Persuasive Storytelling suggests a shift in how we think about planning. In order to account for the fragmented and conflicted nature of contemporary American life and politics, that shift would be away from "science" and the "experts" and toward persuasive storytelling by diverse authors"--P. [4] of cover.
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Includes entries for maps and atlases.