The Nature of the Firm: Honey Edition

It seems some restaurants in Paris aren’t satisfied with available supplies of honey, so they’ve set up their own beekeeping operations. You might surmise it’s a good way to give a restaurant’s smug waiters something smug to say to the customers:

” … and that’s made with honey that we cultivate on our own roof.” (snort!)

Cue the oohs and aahs. Then again, maybe not. From the article:

Driving the trend is growing public awareness of the crisis in rural bee-keeping caused by the collapse in bee numbers. Oddly, city bees are not just immune to the health problems facing their country cousins – they are also far more productive.

Vertical integration as a means to secure quality supplies in a timely manner? Paging Ronald Coase!

Fancy Farm 2010

For any politico, there may be nothing more refreshing and raw than the Fancy Farm picnic held each year in Western Kentucky. I’ve tried to describe it to people before, but experience it during an intense election cycle and you’ll see that the event defies clear explanation.

C-SPAN thankfully was able to attend this year. Have a taste.

Update: Via a commenter, I learn that C-SPAN used the KET feed.

Hitchens on Chávez

Amazing:

As [Chávez’s] tirade against evil America mounted, [actor Sean] Penn broke in to say that surely Chávez would be happy to see the arrest of Osama Bin Laden.

I was hugely impressed by the way that the boss scorned this overture. He essentially doubted the existence of al-Qaida, let alone reports of its attacks on the enemy to the north. “I don’t know anything about Osama Bin Laden that doesn’t come to me through the filter of the West and its propaganda.” To this, Penn replied that surely Bin Laden had provided quite a number of his very own broadcasts and videos. I was again impressed by the way that Chávez rejected this proffered lucid-interval lifeline. All of this so-called evidence, too, was a mere product of imperialist television. After all, “there is film of the Americans landing on the moon,” he scoffed. “Does that mean the moon shot really happened? In the film, the Yanqui flag is flying straight out. So, is there wind on the moon?” As Chávez beamed with triumph at this logic, an awkwardness descended on my comrades, and on the conversation.

Think Like an Economist

My doctor recently said my ideal weight is about 15 pounds lighter. She did not have an answer when I responded, “OK, so then what’s my optimal weight?”