Deputy Director for Sustainable Future @nesta_uk. Cover a mix of climate, economics, energy, heating. Ex civil servant, chief economist. Personal account.
Very excited to publish this: an essay from @antonhowes on energy transitions of the past, with an intro by me.
It gives a great insight into how economies can create energy abundance, how it changes lives and how it can be squandered
nesta.org.uk/feature/what-th…
I’m over here now if anyone still wants a random mix of climate, energy and economics stuff.
Will also try to post a bit more work stuff on LinkedIn…
bsky.app/profile/acjsissons.…
Bristol Airport is the 8th busiest in the UK, but has no train or tram link. The parking situation there is mad - the whole area is a giant car park.
The Bristol area also needs a lot more homes. If only there was a way to ease both pressures at once…
bbc.co.uk/news/articles/c886…
But there are also bad reasons it is difficult.
The Green Belt is one formidable, entirely man-made barrier.
The other is that Bristol airport - and almost all of this scheme - is in North Somerset, not Bristol. Which makes everything much more fraught.
I know this is all contentious, but having one of your biggest airports surrounded by car-choked countryside, having one of your more successful cities constrained to stay fairly small…seems worth fixing to me
One of the responses to my piece on the Baumol effect was: it means spending more on public services, and therefore higher taxes over time.
I think that’s broadly right, but: as our incomes rise, we seem to want more of the types of services often provided by the state
So I think rather than treating taxes as a necessary evil, we should pitch them as a route to get people more of what they want. While focusing relentlessly on public sector productivity, of course.
It turns out to be one of the logical conclusions of Baumol for me…
Here’s the original piece btw
And a clarification: Baumol doesn’t just apply to public services, but to any with low productivity growth.
“Public services” - like health & education - can be private sector, but still tend to have low productivity growth
acjsissons.medium.com/the-ba…
A good post making a really important point:
Baumol's so-called "cost disease" is not a disease at all, but the all-important mechanism by which the benefits of necessarily uneven rates of productivity growth in different sectors are spread across the whole economy.
Final plug for my new personal blog.
The Baumol effect is one of the most powerful forces in the economy,raising wages for everyone. And yet it is normally described as a “cost disease”, wrongly imo.
I think we should embrace the Baumol effect more
acjsissons.medium.com/the-ba…
Final plug for my new personal blog.
The Baumol effect is one of the most powerful forces in the economy,raising wages for everyone. And yet it is normally described as a “cost disease”, wrongly imo.
I think we should embrace the Baumol effect more
acjsissons.medium.com/the-ba…
Weekend plug for my new personal piece: how one of the most powerful forces in the economy, which raises wages for everyone, got labelled as a “cost disease”.
The Baumol effect: not a disease, but something we can use to make people better off
acjsissons.medium.com/the-ba…
Weekend plug for my new personal piece: how one of the most powerful forces in the economy, which raises wages for everyone, got labelled as a “cost disease”.
The Baumol effect: not a disease, but something we can use to make people better off
acjsissons.medium.com/the-ba…
If you’re a business, the Baumol effect might be annoying because it means higher costs.
But honestly, higher wages are a good thing. And have you considered how much weaker demand would be if the Baumol effect wasn’t there to spread the wealth?
Just going to put this here once again: How to make the case for higher taxes.
(This is going to keep coming up again and again, of course)
acjsissons.medium.com/how-to…