Publius has moved! PrincipledAgent.com

The conversation has moved. Please join us at www.principledagent.com.

Prescient big picture stuff: H20 Edition

Tyler Cowen, over at Marginal Revolution, is reading Jeffrey Sachs’ new book, and is providing some thoughtful commentary on Sachs’ less-than-impressively-thoughtful text.

You can jump over to his blog post to read all of his thoughts, and I’ll just include an excerpt of Cowen’s thoughts on what should be done as water becomes increasingly scarce.

I might add that national governments are the ones that subsidize the price of water to ridiculously low levels, most of all for agriculture. My first step is to remove all these water subsidies, allow water prices to rise, institute more water trading, and then see which innovations the private sector decides to finance (hmm…those are my first four steps). One role for government would be to ensure that patent law does not hinder international transfer of worthwhile innovations, a point which Sachs makes in other contexts. That sounds less glamorous than a big international plan, but I think it has a better chance of succeeding.

Advertisements

Filed under: Misc

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: