Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

August 13, 2008

Yohe on Greening the Global Economy

Economics professor Gary Yohe was quoted in the NY Times in an article about how rising fuel costs are muzzling the globalized economy and long-distance trade:

"If we think about the Wal-Mart model, it is incredibly fuel-intensive at every stage, and at every one of those stages we are now seeing an inflation of the costs for boats, trucks, cars,” said Naomi Klein, the author of “The Shock Doctrine: The Rise of Disaster Capitalism.”

“That is necessarily leading to a rethinking of this emissions-intensive model, whether the increased interest in growing foods locally, producing locally or shopping locally, and I think that’s great.”

...“Being green is in their best interests not so much in making money as saving money,” said Gary Yohe, an environmental economist at Wesleyan University. “Green companies are likely to be a permanent trend, as these vulnerabilities continue, but it’s going to take a long time for all this to settle down.”
NY Times: Shipping Costs Start to Crimp Globalization

July 29, 2008

Weed, the State of the Art

The New Yorker has a fascinating in-depth piece about the effect that the legalization of medicinal marijuana usage is having on the now semi-legal pot economy in California, which is centered around proliferating cannabis dispensaries, and is stimulating a thriving subculture of growers and buyers infused with organic food and Tibetan prayer flags:

Since 1996, when a referendum known as Proposition 215 was approved by California voters, it has been legal, under California state law, for authorized patients to possess or cultivate the drug. The proposition also allowed a grower to cultivate marijuana for a patient, as long as he had been designated a “primary caregiver” by that patient. ...The language of the proposition was intentionally broad, covering any medical condition for which a licensed physician might judge marijuana to be an appropriate remedy—insomnia, say, or attention-deficit disorder.

...The [Tibetan prayer] flags identify their owners with serenity and the conscious path, rather than with the sinister world of urban dope dealers, who flaunt muscles and guns, and charge exorbitant prices for mediocre product. ...The people I met in the high-end ganja business had an affinity for higher modes of thinking and being, including vegetarianism and eating organic food, practicing yoga, avoiding prescription drugs in favor of holistic healing methods, travelling to Indonesia and Thailand, fasting, and experimenting with hallucinogenic drugs. Many were also financially savvy, working long hours and making six-figure incomes.

...The limited legal protections afforded to pot growers and dispensary owners have turned marijuana cultivation and distribution in California into a classic “gray area” business
, like gambling or strip clubs, which are tolerated or not, to varying degrees, depending on where you live and on how aggressive your local sheriff is feeling that afternoon.

...Only a small percentage of consumer marijuana sales in California occur within the medical-marijuana market. Even so, the dispensaries, by serving as a gold standard for producers and consumers, have fuelled the popularity of high-end strains in much the same way that the popularity of the Whole Foods grocery chain has brought heirloom lettuce to ordinary supermarkets. To serve these sophisticated new consumers, growers in California and elsewhere are producing hundreds of exotic new strains, whose effects are more varied, subtle, and powerful than the street-level pot available to tokers in the nineteen-seventies and eighties.

...Medical marijuana has made it easy for people like Emily, the Kid, and Captain Blue to see growing pot as a casual life-style choice. By going into the pot business, Emily had made the kind of compromise with reality that idealistic people often make when they get older and lose faith in their ability to effect wholesale change, and when they need the money.

Growing ganja lets you feel that you’re still living on the edge, especially when you’ve become a little complacent politically. Emily nodded, and took another puff. “The forest is still getting cut down or whatever,” she said, watching the fragrant smoke swirl in the breeze. “But you’re still working out here. You’re still subverting the Man. And you’re getting people high.”
This just might be the future of cannabis in the rest of America. Anyway, the article's a lot more informative/reality-based than the various plot machinations of Weeds, which until now has been my main source of knowledge about the American shadow marijuana economy.

The New Yorker: Dr. Kush: How Medical Marijuana is Transforming the Pot Industry

May 4, 2008

Econ Experiment and Free Food

Michael Cho is doing an economics experiment tomorrow night where participants "where the participants can make real money depending on their bargaining skills," although you get free pizza just for showing up.

Low on points?
Want a free pizza dinner and a chance to make some money?
Then participate in our short (and fun) economic experiment!
Monday, May 5th, 5:30PM
Science Tower, SCIE109
To rsvp, email: mpcho@wesleyan.edu
Hurry, there are only 36 spots available!

January 9, 2008

Why Beauty Matters

One of professor Tanya Rosenblat's claim to fame is her work regarding the relationship between beauty and success. You can read her 2005 paper, "Why Beauty Matters" about the beauty premium here (pdf)

A synopsis: 
beautiful people are not more competent. 
beautiful people are more confident. 
confidence leads beautiful people and pretty much everyone else to believe that they are more competent (also smarter, healthier, and less awkward). 
perceived competence results in higher financial rewards. 

so keep that in mind when you're applying for internships this summer or jobs or grad schools or whatever. 

(the picture says: Cam Maloni '09 is beautiful and competent. Cam for America's Next Smartest Model!)