By Laura Huggins Some climate scientists and environmental activists might have you thinking we are living in the Time of the End. But be leery of false prophecies. Fox News explores the track record of those most worried about global warming in Eight Botched Environmental Forecasts? Here is number 7, which New Scientist magazine wroteContinue reading “Climate Armageddon?”
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How Do Catch Shares Benefit Crewmembers?
by Shawn Regan In many ways, according to new research on the Bering Sea crab fishery published in the current issue of Marine Resource Economics. Joshua Abbott, co-author of the study with James Wilen and Brian Garber-Yonts, has the details at EDFish. Here’s one snippet: The seasonal pay of crew has increased substantially. The analysisContinue reading “How Do Catch Shares Benefit Crewmembers?”
The Futures
The traditional futures market, because of its written and cultural limits, can serve as a useful example for how markets ought to work.
Bootleggers, Baptists, and Political Entrepreneurs
PERC Senior Fellow Randy Simmons and co-authors expand on the Bootleggers and Baptits theory of inefficient government regualtion by addding the political entrepeneur to the mix.
Entrepreneurship and Economic Development
by Bruce Yandle In this series of audio clips, Karol Boudreaux of the Mercatus Center discusses entrepreneurship, property rights, and economic development in the developing world. The lecture makes for a good conversation on many important principles of free market environmentalism.
Julian Simon’s theories are alive and well
by Shawn Regan The verdict is in on the latest Simon-Ehrlich-type bet on natural resource prices and, again, Julian Simon wins. In 2005, John Tierney (science writer for the New York Times) and Matthew R. Simmons (member of Council on Foreign Relations, head of an investment bank specializing in the energy industry, and author ofContinue reading “Julian Simon’s theories are alive and well”
Coase’s 100th Birthday: No More “Externalities”
Today, the great economist and Nobel laureate Ronald Coase will celebrate his 100th birthday. Coase’s work has revolutionized the way economists view resource conflicts. His paper “The Problem of Social Cost” challenged the widely-accepted work of Arthur C. Pigou on externalities and inspired a whole new way of thinking about environmental issues. Unlike the Pigouvian approach, which claimed that market failure couldContinue reading “Coase’s 100th Birthday: No More “Externalities””
Julian Simon’s theories are alive and well
By Linda Platts PERC Fellows along with many other natural resource economists congratulate New York Times science writer and columnist John Tierney for winning a wager that took five years to resolve. It resembles the famous 1980 bet between economist Julian Simon and ecologist Paul Ehrlich about the future price of natural resources. Tierney plans toContinue reading “Julian Simon’s theories are alive and well”
Swiss Christmas gift comes with a price tag
The Federal Government continues to acquire more land, much of it is donated, but the cost of land maintenance at this scale is immense and the feds do not have the funds to do the job.
TEDxRainier: Water Rights, Footprints, and Markets
Montana breweries are reducing their water footprints by paying water rights holders to keep water in streams. Rob Harmon, formerly of the Bonneville Environmental Foundation, discusses this innovative approach to water scarcity in the West. It’s enviropreneurship in action.