The Bellows » Economics for Dummies
A great post by Ryan Avent critiquing the notion of "sunk costs," particularly as (speciously) applied to suburbia. In particular, Avent shows why, when talking about suburban housing, the concept of "sunk cost" is not (or should not be) a disincentive to selling.
more fromwww.ryanavent.com
An Oil Quandary: Costly Fuel Means Costly Calories - New York Times
NYT article on the problems around "the other oil crisis," triggered not in small measure by our (West's) desire to circumvent fossil fuel dependence by relying on biofuels.
more fromwww.nytimes.com
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