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> Hotelling's Rule [2], given recent rises in the price of fossil fuel. Fair points. Some of the economic language is a bit hard for me to follow, but I always
by nonrandomstring 4y ago
> Hotelling's Rule [2], given recent rises in the price of fossil fuel.
Fair points. Some of the economic language is a bit hard for me to
follow, but I always took Hotelling as an explanation for some
perverse incentives not explainable within, but adjacent to, systems
theory.
Weird ones like how the demand for killing nearly extinct species goes
up because mega-rich crazies will pay a fortune at black-market
restaurants to eat the last one.
[2] https://en.wikipedia.org/wiki/Hotelling's_rule https://en.wikipedia.org/wiki/Hotelling's_rule