Richard Stroup 12/01/2004
Book Review Eco-nomics: What Everyone Should Know About Economics and the Environment By Richard Stroup Cato 2003
Richard Stroup, Jane Shaw 01/01/2000
Conventional economic wisdom, in a theory first propounded by Nobel laureate Paul Samuelson, holds that the unregulated market cannot be expected to protect the environment. In this theory, clean air and water are "public goods" whose value is not well reflected by market processes.