Opportunity Cost

Opportunity cost is the cost related to the next-best choice available to someone who has picked among several mutually exclusive choices.[1] It is a key concept in economics. It has been described as expressing “the basic relationship between scarcity and choice.”[2] The notion of opportunity cost plays a crucial part in ensuring that scarce resources… Continue reading »


Common Sense – The Precautionary Principle

My mother in law, Darlene, was a big believer in common sense. She could look right to the heart of things and immediately find the best way to deal. She died a couple of years ago of cancer, one of the great scourges of modern Western populations. She smoked for a time, she drank diet… Continue reading »


Fun In The Sun – COP 16 Cancun

Environment Minister John Baird The House, CBC Radio December 11, 2010 Direct Quotes – In Italics When I started this blog, I was concerned that I wouldn’t have anything to write about. On reflection, I guess that I needn’t have worried. The government of the day, regardless of party, is always good for a topic.… Continue reading »