Water economics for beginners
From David Zetland (Aguanomics) comes this note…
Marginal Revolution University [free, online] has released 14 lessons (2-7 min, each) on water economics as part of its development economics unit. They give a decent introduction to several issues. I am going to contribute a few lessons.
The series has a point of view about an economic approach to the issues, but offers a beginning for those new to thinking about the issues.
Simple here in California. Northern California provides the water, Central California uses it and Southern California pays for it. Called the California Water Equation.
and not an unreasonable “economic” solution.
where it goes bad is in the overuse and misuse of that water and ultimate destruction of the resource.