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.
Paradoxically, economics has done more for nature than ecology has.
"Saving the Wilderness” explained how the managers of the Rainey Preserve used market relationships to enhance private land management and how they and similar managers could, if allowed, improve the management of government land, too.
The “hockey stick” temperature graph is a mainstay of global warming science. A new book tells of one man’s efforts to dismantle it—and deserves to win prizes.
The conflict between the fact of scarcity and the apparent ability of the Fish and Wildlife Service to disregard limits is the underlying problem with the Act. Until that conflict is resolved, the ESA will not work effectively to save species.
Richard Stroup, Jane Shaw
This essay is excerpted from Rational Readings on Environmental Concerns, Jay H.
A 30th Anniversary Celebration ofPERC—Property and Environment Research Center