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Archive for October 26th, 2006

Fairtrade coffee — the alternative

Fairtrade coffee probably wouldn’t exist in an ideal world and neither its results nor its implementation are ideal. It would be much better not to have to choose coffee on any criteria but price and taste but alternative routes to development for coffee growers have had plenty of time to work and failed to deliver. […]

Abundant commodities and not so Coase-ly cosy

Oil prices aren’t determined by supply of oil. That’s one of the conclusions Dave Cohen reaches in his extensive essay on oil prices. James Hamilton seems convinced:

Econbrowser: Is peak oil irrelevant?
Is peak oil irrelevant?
Does the market price of oil reflect a recognition that the resource is fundamentally limited?
Dave Cohen, writing at the Oil Drum, […]

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