On my way from Bratislava to the Vienna Airport, the countryside was filled with wind turbines. I don't know anything about wind energy, except that there is a debate currently going on in the state of Delaware about putting wind turbines off the Delaware shore between Bethany Beach and Rehoboth Beach.
What are the strengths and weaknesses of wind turbines? Are they are market phenomena, or purely a government creation?
You might think I'd know something about wind turbines since they grace the cover of the latest edition of The Economic Way of Thinking. Neither Prychitko nor I had anything to do with cover choice, and given my last question this might be a particularly "interesting" choice of cover photo if it turns out that the construction of wind turbines are not a market phenomena but a government program. What does the economic way of thinking have to say about wind turbines?