On our reading list: Market framing and morality

Economists offer experimental evidence that market transactions blunt moral intuitions

Take my views on this study with a grain salt, because it confirms my priors. I’ve long agreed intuitively with Mark Sagoff that people make different choices in market settings than in more public-regarding settings. And I’ve been fascinated over the years by the empirical evidence that confirms that intuition, including the work of Samuel …


The story of the Price-Anderson Act: how Congress made nuclear power financially viable in the U.S. by eliminating accountability for risk

Ever wonder how nuclear power plants have been able to get financial backing in the U.S. despite the huge, and largely uncertain, potential risks they pose?  Or why there are nuclear plants within a few hours’ drive of major population centers such as Los Angeles and New York?  Or who will pay the costs that …