Todd Gartner, a 2007 Enviropreneur Institute alum, describes how economic incentives can be used to connect forests, water, and communities. Working with the World Resources Institute he discusses his work on two pilot projects that are connecting the buyers of ecosystem services with the sellers of the services.
The traditional futures market, because of its written and cultural limits, can serve as a useful example for how markets ought to work.
by Bruce Yandle In this series of audio clips, Karol Boudreaux of the Mercatus Center discusses entrepreneurship, property rights, and economic development in the developing world. The lecture makes for a good conversation on many important principles of free market environmentalism.
[…] of law come true.” Terry Anderson has been honored with the Annual Award for 2011. He is recognized for his leadership of PERC, an organization that promotes economic freedom in place of the excessive role of government. In conveying the award to Terry Anderson, the Liberální Institut states that it “highly values your seminal work on free […]
[…] their desires through prices. Markets then allocate resources — labor, capital, and human ingenuity — in a manner that can’t be anticipated or mimicked by a central plan (or planner.)
This fundamental insight is found in Hayek’s essay “The Use of Knowledge in Society.”
What is […]
by Shawn Regan
Over at Forbes.com, Art Carden pens this gem of a poem that retells Dr. Suess’s classic “How the Grinch Stole Christmas” using property rights, Pigouvian taxes, and the Coase theorem–important concepts in environmental economics:
How Economics Saved Christmas by
[…] of Collective Action: Public Goods and the Theory of Groups. Olson examines how political forces derail the greater good. His explanation is straightforward: small, wealthy, well-connected groups easily organize into cohesive, effective units. They then use the political process to reap huge benefits while dispersing the costs over 290 million citizens. This graft is […]
[…] York fuels must conform to the supply and delivery constraints of high-density urban living. Such places accept only electricity and natural gas for these can reach consumers easily through existing infrastructure. Furthermore, in the course of economic life, in which individuals and businesses are held accountable for the consequences of their actions, pollution and […]
by Shawn Regan Free riders beware. From The Week (sub req): A Spanish woman has filed papers staking an official legal claim to the sun. Angeles Duran, 49, states in notarized documents she is now the official “owner of the sun, a star of spectral type G2, located in the centre of the solar […]
Paul Schwennesen recently appeared on Fox Business to discuss food safety. Paul offers more comments on the issue below.
We all want safe food. Question is, how do we get it? “There oughta be a […]