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.
Paradoxically, economics has done more for nature than ecology has.
Ecosystem services such as clean water from forests are free, but now their value is being recognized. Entrepreneurs are developing markets for these services and providing incentives for conservation.
Markets for ecosystem services such as water filtration, erosion control, and pollination benefit the providers and enhance environmental assets.
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.
A 30th Anniversary Celebration ofPERC—Property and Environment Research Center
Under the name of environmental policy, the British government robs the rights of landowners.