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Mises Economics Blog

Art Carden Archives

The Locavore's Dilemma: Local Food, Continued

August 18, 2008 8:38 AM by Art Carden

There are some good reasons to buy local (quality, information, etc.), but I'm not convinced that buying local meaningfully reduces one's carbon footprint. It's true that transporting foods pollutes the air and spills toxins in some places, but a focus on transportation-related pollution only does part of the accounting. If we're going to grow oranges locally, this will require more tools, labor, and land than it would take to grow the oranges in California and ship them to Memphis. Thus, we're saving the environmental damage from transportation but we're making up for it in several ways. First, we're using more land. FULL ARTICLE

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Chez Schumpeter: Creative Destruction in the Kitchen

August 17, 2008 5:02 PM by Art Carden

In the last couple of years I have developed an interest in food as a metaphor for economic and social progress. I don't have much to add to what Tyler Cowen and others have already written on the subject, but I can offer some personal case studies. Over the next few weeks, I'll be experimenting with leftovers and some of the provisions I bought during a Sam's Club buying spree a few months ago. I claim no expertise, particularly since I don't have any culinary training, but if these ideas can be improved on by abler hands I would be happy to hear about it. Experiment #1, which involves leftover noodle soup from Pho Saigon and barbecue from Germantown Commissary, is discussed below the fold (cross-posted at www.divisionoflabour.com).

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The Market Process in Action

August 4, 2008 6:35 AM by Art Carden

"The market" is not an outcome, nor is it an end unto itself. Rather, the market is a process by which people discover effective (and not so effective) ways to satisfy our needs and wants. Entrepreneurship is essential; this consists of appraising the factors of production in the market and undertaking new production plans based on the expectation that such an endeavor will be profitable. Those who choose wisely are rewarded with profits. Those who choose poorly are punished with losses. FULL ARTICLE

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Broken Glass Everywhere
July 29, 2008 7:53 AM | Comments (19)

That XM/Sirius merger
July 28, 2008 9:21 PM | Comments (4)

Speculators are Part of the Market
July 24, 2008 5:23 PM | Comments (15)

Reality Check for Dionne
July 22, 2008 9:57 AM | Comments (5)

Should Oil Executives Be Strung Up?
July 22, 2008 8:07 AM | Comments (23)

What To Do With What You Do Over Your Summer Vacation
July 15, 2008 3:57 PM | Comments (5)

Should We Fear Foreign Buyouts?
July 15, 2008 8:31 AM | Comments (4)

Should We Buy Only Locally Grown Produce?
July 15, 2008 8:08 AM | Comments (17)

The Significance of Mises.org
June 30, 2008 7:36 AM | Comments (5)

Price Controls Create Man-Made Disasters
June 25, 2008 8:29 AM | Comments (19)

Profits in a Market Economy
January 18, 2008 8:10 AM | Comments (13)

Credit Expansion and Submarginal Investments
January 3, 2008 7:54 AM | Comments (7)

Christmas and Consumption
December 25, 2007 10:54 AM | Comments (6)

Rent Control Video
March 13, 2007 9:40 PM | Comments (7)

Why Wal-Mart Matters
November 16, 2006 7:48 AM | Comments (15)

The Housing Crisis
June 16, 2005 7:11 AM | Comments (7)

Property Rights
June 14, 2005 8:06 AM | Comments (7)

Wisdom on Governance
May 6, 2005 3:57 PM | Comments (3)

Dismantling Wal-Mart Opposition
May 4, 2005 10:13 AM | Comments (15)

Killing them with Kindness
April 13, 2005 3:37 PM | Comments (7)

Energy
March 25, 2005 4:36 AM | Comments (8)

A conservative case against Wal-Mart
March 16, 2005 1:59 PM | Comments (11)

That Taco Bell Brouhaha
January 10, 2005 7:10 AM | Comments (16)

Wal-Mart Locates in Poorville, USA
December 22, 2004 9:05 AM | Comments (8)

The Social Division of Labor is Necessary for Anti-Capitalism
November 30, 2004 3:13 PM | Comments (9)

Yes, Trade is Win-Win
November 2, 2004 12:53 PM | Comments (1)

Baptists, Bootleggers, and Bear Bryant
August 31, 2004 12:06 PM | Comments (0)

Computer Viruses & Harry Lime
August 31, 2004 8:31 AM | Comments (3)

Thwarting efficient democracy
August 27, 2004 9:52 AM | Comments (0)

Porn and the Law of Unintended Consequences
August 24, 2004 9:15 AM | Comments (4)

RAE on "Smart Growth" and Affordable Housing
August 19, 2004 12:00 PM | Comments (0)

Test Questions on "Price Gouging"
August 18, 2004 10:44 AM | Comments (10)

The City Protects Us from Illicit Lemonade
August 13, 2004 2:43 PM | Comments (3)

Mises.org, Working Paper update
August 2, 2004 12:35 PM | Comments (3)

Good and Bad--by what standard?
July 20, 2004 5:17 PM | Comments (4)

Postrel on Productivity
July 15, 2004 1:38 PM | Comments (0)

An Economics Lesson in the Post-Dispatch
July 15, 2004 12:48 PM | Comments (1)

Wal-Mart Serves Humanity
July 6, 2004 8:00 AM | Comments (18)

Credibility and the Nobel Prize
July 1, 2004 10:50 AM | Comments (1)

Books Over Baghdad?
June 29, 2004 12:37 PM | Comments (4)

Commencement Speakers
June 22, 2004 2:14 PM | Comments (2)

Viva Variety!
June 18, 2004 10:12 AM | Comments (2)

A Hoax to Raise Our Consciousness
June 15, 2004 8:06 AM | Comments (25)

Obesity & Inequality
May 30, 2004 5:17 PM | Comments (1)

A Market for Everything
May 19, 2004 1:45 PM | Comments (3)

Godwin's Law, Rhetoric, and Lomborg
May 12, 2004 1:21 PM | Comments (5)

Save the Doughnut Industry
May 7, 2004 3:19 PM | Comments (3)

Sweatshops
May 6, 2004 9:34 AM | Comments (5)

Intervention Begets Intervention...
April 30, 2004 9:54 AM | Comments (4)

Russell Roberts on Outsourcing
April 23, 2004 9:50 AM | Comments (1)

Look Out, Wal-Mart
April 19, 2004 2:17 PM | Comments (1)

A Few Notes on Public Goods
April 13, 2004 3:10 PM | Comments (13)

Science and the State
April 7, 2004 9:45 AM | Comments (3)

Wal-Mart Cites
April 6, 2004 11:48 AM | Comments (0)

King-Sized Whoppers
March 24, 2004 10:20 AM | Comments (7)

The Greatest Thing Since Sliced Bread...
March 10, 2004 8:46 AM | Comments (0)

A Serendipitous commentary...
March 8, 2004 10:28 AM | Comments (0)

Why They Hate the Market
March 8, 2004 7:49 AM | Comments (21)

Congress Repeals Laws
March 1, 2004 11:56 AM | Comments (7)

Separation of Work & State
February 25, 2004 10:07 AM | Comments (4)

The Dark Side of Trade, Revisited
February 20, 2004 12:12 PM | Comments (0)

Where Food Comes from
January 23, 2004 9:58 AM | Comments (0)