More Boon Than Bane
How the U.S. Reaped the Rewards and Avoided the Costs of the Shale Boom
By Ilia Murtazashvili, Ennio E. Piano
The shale gas revolution of the past fifteen years has likely generated far more benefits than costs. The net gain can be seen and illuminated using several different economic lenses, including those of institutional economics, Austrian economics, the Bloomington School of institutional analysis, and public choice.