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.
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.
Author Seth Norton shows that the impacts of rapid population growth are not as severe as most people believe. Even more important, he shows how changes in a country's legal system and economic framework can overcome the problems caused by population growth.
This paper, "Population Growth, Economic Freedom, and the Rule of Law," is the third PERC Policy Series essay honoring the late Julian Simon, a path-breaking economist who revised traditional thinking on issues from population growth to natural resources.