Overfishing in the oceans is a classic example of the "tragedy of the commons"-- overexploitation of an unowned resource. Fishing in U.S. waters is no longer a commons free of fishing restrictions, yet many fisheries still suffer from the tragedy of the commons.
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.
Donald Leal, Holly Fretwell
Our national parks are in trouble. Their roads, historic buildings, visitor facilities, and water and sewer systems are falling apart.
Along the coastal waters of eastern Canada and the United States--in the Grand Banks off Newfoundland, for example, and in Georges Bank off New England--severe overfishing is leading to economic ruin. In spite of years of governmental restrictions on gear, catch, and seasons, fishers are over...
The Forest Service needs strong incentives to adhere to the bottom line. The right motivation could help create a profitable timber program.