UHERO
James Roumasset
The Economic Effects of Tariffs
James Roumasset* “Give me a one-handed economist. All my economists say, ‘on the one hand… on the other.’” President Harry Truman Updated 04/03/2025 Addendum on…
Ecological Economics and the Circular Economy
By Kimberly Burnett, James Roumasset, and Christopher Wada The Circular Economy In 1969, Belgian industrial designers Paul Jorion and Jacques Braijt proposed the circular concept…
The Nature, Causes, and Consequences of Student Deselection and Criminalization
By Katherine Irwin and James Roumasset1 A central principle of public economics is that the government should correct market failures. For example, when a firm’s…
Solving Optimal Groundwater Problems with Excel
Abstract: Welfare maximizing management of coastal groundwater requires a sequence of pumping targets, typically terminating with a constant withdrawal rate in the long run. In…
Energy Economics: Lessons for and from the Philippines
By Jim Roumasset This is to share some recent energy research from the Philippines. Some of the findings have relevance for other small economies such…
Do Natural Disasters Make Sustainable Growth Impossible?
We consider the prospects for sustainable growth using expected utility models of optimal investment under threat from natural disasters. Adoption of a continuous time, stochastic…
The role of power prices in structural transformation: Evidence from the Philippines
The Philippines provides an extreme example of Rodrik’s observation that late developing countries experience deindustrialization at lower levels of per capita income than more advanced…
The Role of Electricity prices in Structural Transformation: Evidence from the Philippines
The Philippines provides an extreme example of Rodrik’s observation that late developing countries experience deindustrialization at lower levels of per capita income than more advanced…
Filipino 2040: Environmental Resources, Shocks, and National Well-Being
The contribution of the environmental-resource sector to national well-being is the sum of natural resource depletion and environmental degradation. Inasmuch as existing resource stocks are…