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
This article appeared in the Fall 2019 issue of The Independent Review.
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.
|Other Independent Review articles by Ilia Murtazashvili|
|Spring 2022||The Danger of Deplorable Reactions: W. H. Hutt on Liberalism, Populism, and the Constitutional Political Economy of Racism|
|Summer 2021||American Institutional Exceptionalism and the Trump Presidency|
|Summer 2020||The Fracking Debate: The Risks, Benefits, and Uncertainties of the Shale Revolution|