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’”
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Ten Key Elements of Economics
The Insider Spring 2005 By James Gwartney, Richard L. Stroup, and Dwight R. Lee 1. INCENTIVES MATTER. All of economics rests on one simple principle: that incentives matter. Altering incentive, the costs and benefits of making specific decisions, alters people’s behavior Understanding incentives is an extremely powerful tool for understanding why people do the thingsContinue reading “Ten Key Elements of Economics”
Environmental False Alarms
The Weekly StandardApril 25, 2005 By Terry L. Anderson In his new book Collapse, Jared Diamond begins with a chapter on my home state of Montana. Although painting a romantic picture of “Big Sky Country,” he decries environmental tragedies including toxic mining waste, forest fires, soil exhaustion, water shortages, and invasive species. Diamond blames theseContinue reading “Environmental False Alarms”
Vision through a Narrow Lens
Energy & Environment Vol. 16 No. 3&4 2005 By Jane S. Shaw Pulitzer Prize-winning author Jared Diamond’s new book Collapse: How Societies Choose to Fail or Succeed argues that past societal collapses have occurred in large part because the societies failed to adapt to changing environmental conditions. He warns that modern societies and civilization tooContinue reading “Vision through a Narrow Lens”
How not to fix conservation easements
Writers on the Range March 29, 2005 By Jon Christensen and Terry Anderson 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 by compensatingContinue reading “How not to fix conservation easements”
Hybrids: Made in the USA?
The vehicles attracting the most attention these days are hybrids-cars that combine a gasoline engine that is used for highway driving and an electric motor operated by an electric battery for slower speeds as well as for sudden acceleration. Although hybrids still represent a small part of the market, Toyota’s Prius has “won someContinue reading “Hybrids: Made in the USA?”
House Of Green
Green building has come in for some hard knocks in recent years as some high-profile projects have proved to be both inefficient and costly. Yet in some areas beneath the radar, green building is creating structures that fulfill their promise. The Building Industry Association of Southwest Washington has designed a program called builtGREEN to helpContinue reading “House Of Green”
Global Warming: A Dialogue
This discussion is an edited version of comments made in December 2004 on the Free Market Environmentalism (FME) Roundtable list-serve. Jonathan Adler prodded his colleagues to forget, for just a minute, the debate over the impacts of warmer temperatures or whether humans are contributing or not. He asked the list-serve members to assume that burningContinue reading “Global Warming: A Dialogue”
The Lasater Ranch
Shortgrass prairie, which once extended across vast stretches of the western Great Plains, is largely gone. A Nature Conservancy-owned ranch in Kansas and several National Grasslands on the High Plains, managed by the U.S. Forest Service, preserve remnants. But most has disappeared. Working rancher Dale Lasater is bringing it back. The shortgrass prairie co-evolved withContinue reading “The Lasater Ranch”
Environmentally Responsible
With his 2006 budget, President Bush appears to be championing fiscal responsibility. For environmental policy, this change offers hope for new directions. PERC’s Report Card 2004 on Bush’s environmental policy, issued last fall, evaluated the administration on its success in adopting free market principles such as reliance on markets, support for decentralization, and greater accountabilityContinue reading “Environmentally Responsible”