When it comes to protecting fisheries, not all property rights are created equal.
People in Regina, Saskatchewan were shocked to learn their household glass wasn't being recycled. On CBC's Morning Edition, Dan Benjamin helped them understand why.
To recycle or not to recycle? That is the question.
A cautionary tale of ozone regulation
Terry Anderson, D. Bruce Johnsen
Facing the "fiscal cliff," perhaps the president and Congress should start thinking in terms of the "foreclosure crisis." All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower's income or, if that is insufficient, from the sale of assets...
Professor of trash, Daniel Benjamin, discusses the economics of waste management with John Batchelor. Benjamin explains how recycling involves reusing valuable goods and that value is determine by market mechanisms, not government.
Just as the market brought the bison to near extinction, so too has it brought them back from the brink.
Property rights are essential for market exchange. The definition of those rights, their enforcement, and their transferability all help determine the extent of trade and the rate of economic development and wealth creation.