Space: The Next Great Market Opportunity, with Michael Toman

This week, host Kristin Hayes talks with Michael Toman, lead economist on climate change for the World Bank’s Development Research Group. Toman worked at Resources for the Future (RFF) for many years, during which he collaborated with former RFF Vice President for Research Molly Macauley in her pioneering effort to develop the economics of outer space as a topic for research and policy analysis. Hayes and Toman discuss the commercialization and privatization of space, both in light of the recent successful SpaceX launch to the International Space Station, and given that the day of recording (June 10) would have been Molly’s 63rd birthday. References and recommendations: "Racism and Injustice: A Letter from RFF President Richard G. Newell" from RFF; https://www.rff.org/racism-and-injustice-letter-rff-president-richard-g-newell/ "In Loving Memory of Molly K. Macauley" from Resources magazine; https://www.resourcesmag.org/archives/in-loving-memory-of-molly-k-macauley/