By Terry L. Anderson and Donald R. Leal
The original edition of Leal and Anderson's seminal book published in 1991 introduced the concept of using markets and property rights to protect and improve environmental quality. Since publication, the ideas in this book have been adopted not only by conservative circles, but by a wide range of environmental groups. To mention a few examples, Defenders of Wildlife applies the tenets of free market environmentalism to its wolf compensation program, World Wildlife Federation (WWF) has successfully launched the CAMPFIRE program in southern Africa to reward native villagers who conserve elephants, and the Oregon Water Trust uses water markets to purchase or lease water for salmon and steelhead habitats. In short, when published in 1991, Anderson and Leal's book was central in paving the way for a rethinking of environmental policy. This revised and updated edition addresses some of the critiques of free market environmentalism, provides many new examples, and includes two entirely new chapters.
175 Fifth Avenue
New York, NY
2001; 241 pp.
Books may be purchased directly from Palgrave at a 20 percent discount.


Founded 30 years ago in Bozeman, Montana, PERC—the Property and Environment Research Center—is the nation’s oldest and largest institute dedicated to improving environmental quality through property rights and markets.
PERC’s publications, each designed to resonate with specific groups, move ideas generated at PERC to broader audiences.
Research is at the heart of PERC's work, with a focus on the question: What is the link between economic growth and environmental quality?
The goal of PERC’s programs is to fully realize the vision of establishing “PERC University,” where scholars, students, policy makers, and others convene to expand the applications of free market environmentalism.
PERC's fellowships share a common goal of exposing new scholars, students, journalists, and policy makers to free market environmentalism, as well as enable scholars already familiar with FME to explore new applications.
PERC continues to publish and present a broad range of research and discussion through podcasts, videos, and other multimedia channels.