[…] right was assigned would determine who paid the costs; in this example, it would determine whether the railroad or the farmer ended up paying.Β But Coaseβs essay planted a seed: His work emphasized that problems of pollution could be rephrased as questions of property rights. He also highlighted how efforts to reduce pollution might […]
Markets and property rights are working to solve a variety of environmental problems.
[…] or to earn a living. Whatβs more, the oceanβs βvast mysteriesβ are receding as innovations above its surfaceβincluding repurposed wartime technologies such as monofilament line, hydraulics, spotter planes, GPS, SONAR, LORAN, and RADARβnow allow us to penetrate its depths with pinpoint accuracy. Year after year, fishing fleets ranging in size from outboard skiffs to […]
[…] thinking about the environment has been popular for decades. A rational optimist lays out the many reasons we can be hopeful about the future of the Doomsday thinking about the environment has been popular for decades. A rational optimist lays out the many reasons we can be hopeful about the future of the planet.
Reflections on PERCβs milestone anniversary.
Examples of free market environmentalism in action.
Better incentives will motivate efforts to rid western landscapes of lingering pollution.
[…] rather on politics. That means that short-term priorities driven by election cycles, political whims, and special interest groups often prevail over longer-term considerations that could produce more reliable and sustainable conservation outcomes. The challenge for groups like PERC, then, is to find solutions that account for these realities and provide better incentives to conserve […]
PERC is the home of free market environmentalism. But what is free market environmentalism? A statement of principle? An economic theory? A political rallying cry? As someone with long-standing ties to PERC, I have learned to embrace the phrase, and in so doing have arrived at the interpretation I present here. It describes what […]
[…] celebrated around the world. PERC is proud to join with these many voices in authoring Green Market Revolution: How Market Environmentalism Can Protect Nature and Save the Planet, a new book published by the Austrian Economics Center and the British Conservation Alliance. The first of its kind, this book brings together experts from more […]