Early in the summer of 1969, the Cuyahoga River caught fire. Piles of logs, picnic benches, and other debris had collected below a railroad trestle, which impeded their movement down the river. These piles only lacked a spark to set them afire. A passing train with a broken wheel bearing probably provided that spark,Continue reading “A River Ablaze”
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Anti-environmental?
Environmental regulations, not opposition to environmental protection, were the genesis of the private property rights movement.
Protecting Beaches
Along the coast of South Carolina, private island communities-Sea Pines on Hilton Head Island and entire islands such as Seabrook, Kiawah, Dewees, Dataw, Daufuskie, and DeBordieu-are protecting their beaches and other environmental resources. They are not doing this because of government regulation but in order to maximize the value of their investments. Extensive resortContinue reading “Protecting Beaches”
Economic Value of Government-provided Information
Late 19th-century storm warnings from the U.S. Weather Service yielded substantial, positive net returns to society. Economists are notorious for using both sides of our mouths when talking about the government. We claim that government has a comparative advantage in provision of so-called public goods, such as national defense, the creation of property right systems,Continue reading “Economic Value of Government-provided Information”
Environmental Progress: What Every Executive Should Know
A new paper challenges conventional wisdom about the role of business in environmental issues. Written primarily for business executives, it offers new ideas for addressing environmental challenges while keeping a principled commitment to market competition, consumer choice, and innovation.
Ancient Apples
Duchess of Oldenburg, Maiden’s Blush, Esopus Spitzenberg, and Black Gilliflower. These are not exactly household names for those of us on the threshold of the 21st century, but they were as familiar to early American settlers as Granny Smiths and Golden Delicious are to us today. These ancient strains have all but disappeared from commercialContinue reading “Ancient Apples”
Ashes to Concrete
One man’s trash is another man’s treasure is more than an old adage to several American companies. It is the key to their financial success. These firms are recycling the ash from trash incinerators and coal-burning electric generating stations and giving it new life as a construction material. It can be used in concrete, cement,Continue reading “Ashes to Concrete”
Engineering Nature
When employees of a Toronto business complained of headaches, irritated eyes and lethargy, all symptoms of the increasingly common “sick building syndrome,” their CEO called in a biologist. Typically, the answer has been to hire a phalanx of engineers and drain the bank account in an effort to alleviate the problem. In this instance, however,Continue reading “Engineering Nature”
Logging for Conservation
The Nature Conservancy, known for preserving landscapes by buying land and development rights, is considering logging as another tool to protect forest land in Virginia. As the coal industry has begun to wane in the southwest portion of the state, timber cutting has increased. According to a survey by the state Department of Forestry, theContinue reading “Logging for Conservation”
Soaking Up The Sun
Sun and shade are working together at the International Airport in Sacramento. The largest free-standing solarport in the country has a photovoltaic system that tracks the sun across the sky, providing electricity to the power grid and cool parking spaces to airport visitors. The solarport measures 393 feet long, 30 feet wide and 14 feetContinue reading “Soaking Up The Sun”