GLOBAL WARMING AND ETHICAL ISSUES There is much to celebrate and a mite to mourn in PERC’s dialogue on whether the victims of global warming are, by free market principles, entitled to compensation (March 2005). That the dialogue took place is the big celebration – a sign that the right is emerging from its longContinue reading “Letters to the Editor”
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Common Sense Economics
Why economic understanding is an essential ingredient for life in today’s society.
The Catskills Parable
The Economist magazine recently observed that natural ecosystems have more economic value than many people think. It reported that in 1997 the government of New York City faced a choice: either to install a new water filtration plant at a cost of $4–6 billion, with $250 million a year in operating costs, or spend muchContinue reading “The Catskills Parable”
National Heritage Areas
Concerned about the creeping uniformity of modern suburban life, many people are seeking a renewed ?sense of place? in their communities. The popularity of historical societies and preservation projects is a sign of this trend. Some people have discovered that adding the words ?nationally significant? to their area or region can result in millionsContinue reading “National Heritage Areas”
Success Overdue at The Quincy Library
Enthusiasm surged recently in southwestern Washington when a community coalition announced that it had come up with a plan for logging Gifford Pinchot National Forest that was supported by environmentalists and industry officials alike. “We’ve identified the common ground . . . and hope the Forest Service will use this model,” said coalition memberContinue reading “Success Overdue at The Quincy Library”
What Ever Happened To Smart Growth
“Smart growth” policies, which became popular nationwide during the 1990s, are regulations designed to reduce suburban sprawl and control growth. They encourage people to live close together within walking distance of shops and offices. One goal is to reduce the use of the automobile; another is to create neighborhoods full of interesting “streetscapes”; andContinue reading “What Ever Happened To Smart Growth”
How To Avoid Tax Cheating
One of the most useful, cost-effective methods of conserving land in America is in serious crisis. A series of scandals has revealed major abuses of conservation easements–”a legal tool increasingly used to protect private land from development. Landowners who donate easements to nonprofit conservation groups promise that the land will not be used forContinue reading “How To Avoid Tax Cheating”
The Owens Valley ‘Water Grab’
Buying or selling water faces serious hurdles. An infamous episode in California can help us understand what they are so that entrepreneurs can begin to overcome them. Gary Libecap, an economic historian at the University of Arizona, studied the Los Angeles Water Board purchases of land and water in Owens Valley, California, between 1905Continue reading “The Owens Valley ‘Water Grab’”
Hatching at Home
Private landowners who also happen to love native fish have developed dozens of backyard incubators that are capable of hatching hundreds of thousands of eggs. According to Jerry Johnson at Montana State University, these units cost only a few hundred dollars, consisting of a 55-gallon plastic barrel, fake plastic gravel, and PVC pipes. They useContinue reading “Hatching at Home”
Name That Species
Looking for a chance at immortality? It could be as close as the dusty file cabinet at a nearby museum. Thousands of new animal and plant species are discovered every year, only to languish in storage?unnamed, undescribed, and thus without entry into the larger scientific world. So here is your chance. Ante up a bitContinue reading “Name That Species”