https://www.almierow.com/economics-by daily 0.75 2025-08-22 https://www.almierow.com/economics-by/economics-by-the-lorax-local-control monthly 0.5 2025-07-17 https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/01071701-8af2-4c09-a259-1ae806194d34/Screenshot+2025-07-09+at+8.36.57%E2%80%AFAM.png Economics by... - Economics by the Lorax: Local Control - Out pops the Lorax, a prophet of sorts, who answers the chop with demands and retorts. “Mister!” He said with a sawdusty sneeze, “I am the Lorax. I speak for the trees. I speak for the trees, for the trees have no tongues. And I'm asking you, sir, at the top of my lungs-- he was very upset as he shouted and puffed-- What's that THING you've made out of my Truffula tuft?” https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/dfcc942c-60de-4b10-bb87-142b8dd5534b/Screenshot+2025-07-15+at+8.04.28%E2%80%AFAM.png Economics by... - Economics by the Lorax: Local Control - The Onceler, having told their story, ends with a call to action to the reader. The character of the Onceler, once focused only biggering their business, now seems more reflective and somber. They tell the reader this cycle will happen over and over again . . . unless. “Unless someone like you cares a whole awful lot, nothing is going to get better.” And the Onceler is right. That statement isn’t only a call to action. It’s a principle echoed by a Nobel Prize-winning economist. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/61cc4987-4275-4d3e-8a14-f0b8b6007c58/Screenshot+2025-07-09+at+8.33.23%E2%80%AFAM.png Economics by... - Economics by the Lorax: Local Control - Our narrator, the Onceler, who we know nothing of finds themself in a forest, and falls into love. “And I first saw the trees! The Truffula Trees! The bright-colored tufts of the Truffula Trees! Mile after mile in the fresh morning breeze.” We see the Onceler’s actions, just his arms and his deeds. We witness them chop one, just one, of the beautiful trees. https://www.almierow.com/economics-by/economics-by-quint-my-golden-retriever-sustainable-systems monthly 0.5 2025-07-17 https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/21e865b1-831c-41ec-9c57-a260d873550d/Cows_in_the_Swiss_Alps.jpg Economics by... - Economics by Quint the golden retriever: Sustainable Systems - In the high Alps, particularly villages like Torbel in southern Switzerland we find a counterexample: farmers have managed summer grazing pastures as a common pool resource for centuries. (I had to read that twice: centuries.) They operate under clearly defined rules: livestock quotas, seasonal schedules, and collective maintenance routines. These communities decided who could graze, how much, and enforced their rules all by themselves, preserving a sustainable solution that allowed the fields to re-grow. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/6c013a53-7fbe-46c9-9545-eb1bad2375dc/6ADF21DF-341E-4056-8B32-3997237E989C-25113-00000631962A569E.JPG Economics by... - Economics by Quint the golden retriever: Sustainable Systems - Make it stand out Quint and Remi in the Yard. Thanks to Israel Malovani for taking these photos. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751637973143-M4YMIX4NEQZH2YYX7D93/IMG_0175.jpeg Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751637973480-RJ6QEZ57I38YUVBE73WR/IMG_4078.jpeg Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751638386579-ISU13D74NOX4IYNS8ABK/Screenshot+2025-07-04+at+9.12.34%E2%80%AFAM.png Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751638443628-I85BMHRDPSCNPEUKKOUC/IMG_7972.jpeg Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/2e483047-f265-47a8-bb4d-ffa737596717/Elinor+Ostrom.jpeg Economics by... - Economics by Quint the golden retriever: Sustainable Systems - Elinor Ostrom won the Nobel Prize in Economics in 2009, the first woman to receive the honor. Her book, Governing the Commons: The Evolution of Institutions for Collective Action, argues that the commons don’t have to be as tragic as we’ve made them out to be. Her work focuses on common-pool resources like the ones we've frequented in this series of posts: fishing in lakes or oceans, logging forests, or grazing on shared lands. Common pool resources have 3 traits resources that are accessible to multiple users… but where one person's use diminishes the availability for others… and it's difficult or costly to exclude individuals from using the resource https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751639023090-ZU1ZQU4Z8KDDNGL1QDPY/A90DA36D-BEA0-492E-9DCC-0F3C3F393361-22635-000007F835FB1640.JPG Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751639026682-JM6RD6ZNCQKVUZN35V8N/EB49ACF2-E49A-41B6-9C4A-76B3D6BA4CA2-22635-000007F843DE56CB.JPG Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751639026894-3C09H9U8OR60L73UKZQR/333164BE-6514-4C7E-9A24-D312BFD98996-22635-000007F84253751F.JPG Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751647108387-2PNLEMWI5YH03WQ3AT0J/3012E3C4-CEE1-49C4-A8A9-1C414BDBEB5F-22635-000007F830DBC473.JPG Economics by... - Economics by Quint the golden retriever: Sustainable Systems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/b5ab4e2f-4bf4-40bc-995d-aad50192d0fa/Lobster+Gangs+of+Maine.jpg Economics by... - Economics by Quint the golden retriever: Sustainable Systems - The Maine lobster industry is a standout example of how local lobster trappers self-organize to sustainably manage a common-pool resource. Lobstermen form "harbor gangs", small territorial groups that define exclusive fishing zones, monitor each other, and enforce unwritten rules on trap limits. Those who don’t follow the rules or outsiders attempting to intrude face swift sanctions, like gear sabotage, which deters overfishing. Even more fascinating is the role of government: The state does not attempt to dismantle or replace the harbor gangs’ territorial norms or unwritten rules. It largely defers to these local systems of enforcement. The state supports conservation via size limits, bans on egg-bearing lobsters. It does still enforce laws, but it acts in partnership with local communities. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/0b5c5d11-66c2-4e5d-aee6-b48f79e20533/Screenshot+2025-07-04+at+11.01.34%E2%80%AFAM.png Economics by... - Economics by Quint the golden retriever: Sustainable Systems - Make it stand out 4 of Ostrom’s Patterns and Guidelines https://www.almierow.com/economics-by/economics-by-labs-the-tragedy-of-the-commons monthly 0.5 2025-07-17 https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/057242c0-2275-476f-8481-5f76c315c7e4/IMG_2143.jpg Economics by... - Economics by Labs: the Tragedy of the Commons - I’ll end with a cute picture of my golden retriever trying to convince my daughter that all food needs to go to him. Quint will be featured in our next installment. He reminds you sign up to get an email. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751313630832-DLKF0XLSWUBLSLCV2QTZ/Screenshot+2025-06-29+at+9.14.37%E2%80%AFAM.png Economics by... - Economics by Labs: the Tragedy of the Commons https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751313629912-UJIRC0BGZHI6BOQ9K8P9/Screenshot+2025-06-29+at+9.15.34%E2%80%AFAM.png Economics by... - Economics by Labs: the Tragedy of the Commons https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751313867475-HD1AFBQ0MUQSSXURNOPQ/Screenshot+2025-06-30+at+3.03.17%E2%80%AFPM.png Economics by... - Economics by Labs: the Tragedy of the Commons https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1751313876896-TDFLV2O7957UAXV32433/Lab+for+testing.jpg Economics by... - Economics by Labs: the Tragedy of the Commons https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/e345ee9d-0fb7-47a6-ab57-d60a6c990181/Danny+Champion+of+the+World+Illustration.jpg Economics by... - Economics by Labs: the Tragedy of the Commons - Father: Once a trout or a salmon has swum out of your stretch of the river into somebody else’s, you can’t very well say, ‘Hey, that’s mine. I want it back,’ can you? Danny: Of course not, but I didn’t know it was like that with pheasants. Father: It’s the same with all game. Hare, deer, partridge, grouse. You name it. - Danny, the Champion of the World By Roald Dahl (get it from your library or a PDF here) https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/4c05deaf-3ff2-478b-aa18-ecca019e1b24/Screenshot+2025-06-30+at+3.57.23%E2%80%AFPM.png Economics by... - Economics by Labs: the Tragedy of the Commons - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/f8778976-7d67-4736-af5e-9ab7714bc260/Screenshot+2025-06-29+at+9.21.09%E2%80%AFAM.jpg Economics by... - Economics by Labs: the Tragedy of the Commons - I grew up with a labrador: Nic. He was a great partner in crime growing up. Nic and Austin https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/930c64d9-c84c-4ccd-80a9-c643418bc618/Screenshot+2025-06-30+at+3.23.07%E2%80%AFPM.png Economics by... - Economics by Labs: the Tragedy of the Commons - Ozempic, Wygovey, and a host of other medications are part of a family of drugs called “GLP-1 receptor agonists.” As Wikipedia explains: “They mimic the actions of the endogenous incretin hormone GLP-1, which is released by the gut after eating.” (Article from the Mayo Clinic here for those who would be interested in reading more.) https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/3123e4e9-711e-426b-a992-cfc715fa7d3c/Screenshot+2025-06-30+at+3.40.21%E2%80%AFPM.png Economics by... - Economics by Labs: the Tragedy of the Commons - Make it stand out Examples of Common Resources https://www.almierow.com/economics-by/economics-by-lucky-charms monthly 0.5 2025-07-17 https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/6706d6e4-9eb0-4e88-9f7e-2f7aeb5c8d1c/Cattle+2.jpg Economics by... - Economics by Lucky Charms: Government’s Role in Economic Prosperity - A few of you economics nerds might have seen my head nod to Garrett Hardin’s “Tragedy of the Commons”. We’ll take an old-school look Hardin’s proposal that it’s human nature to overconsume common resource. (That’s right - more cattle and pastures.) But we’ll also check out more modern examples like fishing and forestry. For those of you Hankering for more math - we’ve got a lovely graph of how Scotland approaches regulation when it turns out there are not “plenty of fish in the sea”. Sign up to get a notification when this drops. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/56d2fb73-6e93-4cc6-abbd-cc2b762765d1/NAFTA.jpg Economics by... - Economics by Lucky Charms: Government’s Role in Economic Prosperity - Make it stand out Bill Clinton signing NAFTA (from Politico) https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/12ab0a1b-ae82-4591-8af7-f84c9ba65850/Cattle.jpg Economics by... - Economics by Lucky Charms: Government’s Role in Economic Prosperity - Crucially, property rights are unclear. There is a dispute about who owns which part of the land and who has the right to use it for cattle grazing or growing grain. Like the box of Lucky Charms on the family table, everything is technically "shared." Cattle, the troublemakers of this story. Picture from: here https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/d714f1b6-ddaf-46ce-9dba-618941d2d7a3/Lucky+Charms.jpg Economics by... - Economics by Lucky Charms: Government’s Role in Economic Prosperity My stomach gurgled. I remembered the one time my parents bought a box of Lucky Charms. Sugary cereals were a hard "no" in my house growing up. I don’t remember why my parents made this exception, but I remember there was only one box. Like my professor, I ate way too much, way too fast, and got sick. Just thinking about it made me queasy. https://www.almierow.com/economics-by/neighbors monthly 0.5 2025-07-17 https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/8a8cfc43-994b-4f92-b66c-72f8877cf0ee/unsplash-image-tDJ9yxHAMFw.jpg Economics by... - Economics by Good Neighbors: Collective Action Problems - Make it stand out A picture of Scott . . . basically. https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1749838300836-ZVZ4NO3AM5SD9HO5GP7W/Drain+1.jpg Economics by... - Economics by Good Neighbors: Collective Action Problems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1749838307650-5MZEGLHZYB5GHC6NBYFE/Drain+2.jpg Economics by... - Economics by Good Neighbors: Collective Action Problems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1749838314838-ZQJU68XX3NBBN4SVUHKV/Drain+3.jpg Economics by... - Economics by Good Neighbors: Collective Action Problems https://images.squarespace-cdn.com/content/v1/67d977c9f0258f1a2e522690/1749838314083-CXFXCRHC3LKKX9R4K16Y/Drain+4.jpg Economics by... - 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