Reed Watson, Brett Howell
Despite their ecological and economic importance, Florida’s coral reefs are teetering on the verge of collapse. Scientific studies point to the impact of effluent discharges from municipal storm and wastewater treatment facilities along the coast.
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 authors explore the history of eminent domain in the United Statesâ€”a history characterized by periodic public backlash.