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.
The command-and-control viewpoint isn’t illogical. The American food supply is one of the safest in the world. But I submit that the current system fails to tap creative, market-based incentives to further improve food safety.
Agriculture as a stable, prosperous way of life is practically extinct. It doesn't need to be. We have the power within our consuming choices to make a remarkable difference.
Paradoxically, economics has done more for nature than ecology has.
GreenFaith combines free-market and faith-based principles on the environment.
The revival of local food and local markets marches under the banner of the left, but its resistance to centralization also appeals to conservatives.
In 1993, more than thirteen thousand cubit feet of water per second raced down the San Pedro Valley, washing away farms, drowning livestock, and destroying bridges.
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.