The death this week of Ronald Coase, one of the world’s most-cited economists, comes at a time when there is lively debate about the very issue he raised: why neither markets nor government are panaceas.
Types Archives
Charging User Fees To Save Coral Reefs
Despite their ecological and economic importance, Florida’s coral reefs are teetering on the verge of collapse. Writing in Sea Technology, Reed Watson explores a market-based restoration plan to save the reefs.
What’s wrong with the global oil market?
Recent developments in domestic energy production have shifted the political debate about energy independence. Get the facts about energy independence.
Everyone calm down, there is no “bee-pocalypse”
On Atlantic Media’s business news site, Quartz.com, research fellow Shawn Regan explores the resurgence of worry over colony collapse disorder.
Food Safety: A Market Solution?
The command-and-control viewpoint isn’t illogical. The American food supply is one of the safest in the world. But I submit that the current system fails to tap creative, market-based incentives to further improve food safety.
Taking a mulligan on the ethanol mandate
In a state known for its golf, Floridians understand the concept of a mulligan. That’s why five years after passing a costly ethanol mandate, Florida lawmakers opted for a do-over.
Endangered Species Act: On 40th anniversary, time to rethink how we protect wildlife
PERC fellows offer “candidate species conservation banking” as a promising development of voluntary exchange through a market-like approach in their San Jose Mercury News op-ed.
Save the Fish
Some of our most beautiful and amazing species of fish are at risk for extinction. Here’s how we can save them.
Does Climate Change Worry You? How About Insurance To Cover Its Consequences?
With private investment in green energy down 34 percent between 2011 and 2012, proponents of subsidies for R&D struggle to make their case. For example, former Secretary of State George Shultz recently defended subsidies as a necessary “insurance policy” against the catastrophic consequences of climate change. Mr. Shultz is correct in calling for insurance againstContinue reading “Does Climate Change Worry You? How About Insurance To Cover Its Consequences?”
Why It’s Safer to Drill in the ‘Backyard’
As oil continues to gush from BP’s Macondo well and politicians posture, it is time for us to ask why we are drilling in such risky places when there is oil available elsewhere. The answer lies in the mantra NIMBY—”not in my back yard.” BP was drilling for oil in 5,000 feet of water inContinue reading “Why It’s Safer to Drill in the ‘Backyard’”