Why bison were worth more dead than alive in the 19th century.
Peter Hill, Terry Anderson
With Californians sounding the alarm over the current drought, San Diego's Mike Slater invited PJ Hill to provide some historical perspective and Terry Anderson to outline practical solutions.
The near extermination of the North American bison is widely viewed as a classic example of the tragedy of the commons. In the Independent Review, P.J. Hill argues that even if there had been well-defined and enforced property rights, cattle would still have replaced bison on the Great Plains.
In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws. A policy overhaul, they argue, would allow efficient water markets and reward conservation.
Terry Anderson, Gary Libecap
Environmental Markets is the inaugural book in Cambridge Studies in Economics, Choice, and Society, a new interdisciplinary series of theoretical and empirical research focusing on individual choice, institutions, and social outcomes.
Watch PJ Hill discuss the economic history of the Oregon Trail and then join him LIVE this Thursday, June 26 from 6 - 8 pm mountain time to learn more, challenge his perspective, and discover the secret antidote to typhoid.
Reed Watson, Peter Hill, Shawn Regan, Laura Huggins
Listen as Aaron Flint of "Voices of Montana" talks with Reed Watson, P.J. Hill, Shawn Regan, and Laura Huggins about free market environmentalism.
PERC Fellow, Gary Libecap, talks with John Batchelor on the history of mineral rights in the United States.
Thanks to secure property rights, this technology has the power to resuscitate our lagging economy.