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Letters to the Editor

Different Constraints The various articles in your special issue (“American Indians and Property Rights,” June 2006) together illustrate a series of fundamentally important points. First, American Indians are just like anyone else, except that they face different structures of costs and rewards, to which they respond, like anyone else. Above all, they face different governmentalContinue reading “Letters to the Editor”

Markets and Morality

Editor’s note: In the winter of 1988, Peter J. Hill, a PERC senior fellow and a professor of economics at Wheaton College of Wheaton, Illinois, wrote the following article on markets and morality. It was originally published in PERC Viewpoints, a series of papers on policy alternatives. It offers some valuable insights that are asContinue reading “Markets and Morality”

Saving the Tiger

China and India are moving in opposite directions in their efforts to keep the wild tiger from disappearing.

The Quest for More Water –

If you can’t dam, divert, or drill, it’s time to consider allocating water through markets.

Environmental Bounty-Hunting

By Bruce L. Benson Private prosecution of crimes has a long and sordid history, and that history isn’t over. Bounty hunters no longer hound innocent people to death as some did in England in the mid-18th century, but environmental groups such as the Natural Resources Defense Council have modified the tactic. They use "citizen suits"Continue reading “Environmental Bounty-Hunting”

Lessons from British Columbia: Public Forest Management

Although the forests of British Columbia, Canada, are 96 percent government-owned, the management of the forests is far more market-driven than in the U.S. Forest Service.