Robert K. Fleck, F. Andrew Hanssen
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
"The nation finds itself struggling with forest management systems that do not work," says Roger Sedjo, a Senior Fellow with the Washington, D.C.-based research organization Resources for the Future. "The future management of the national forests is unlikely to be smooth, because no political...