The authors are some of the most prominent economists today, and in Common Sense Economics they show us why economic understanding is an essential ingredient for life in today’s society, a key element that empowers those who possess it to better take care of their own lives and responsibilities to society. In clear, powerful language free of jargon or obscurity, they illuminate the basic principles of supply and demand, private ownership, trade, and more. In a world where free trade, taxes, and government spending are issues everyone needs to understand, Common Sense Economics is a lucid simple explanation of how and why our economy and our world work the way they do, and how and why individuals and nations prosper.
The default approach to endangered-species policy should be to reward—or at the very least, to avoid punishing—people who provide important and hospitable habitats.
While the monarch’s plight is cause for alarm, that the species has not been formally listed may not be.
Recovering endangered and threatened species ultimately depends on broader reforms that respect property rights and provide the right incentives to private landowners.
In order to conserve migration corridors, we must reduce the liability of elk borne by landowners by addressing the risk of brucellosis.