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.
Irrespective of the uncertainties surrounding the causes of climate change, the United States is poised to join the rest of the developed world in a fight against rising carbon dioxide levels.
The public trust doctrine is a little-known bit of legal history that is now touted as an ancient rule of law that allows governments to control property long presumed to be privately owned.
ECONOMIST, n. a scoundrel whose faulty vision sees things as they really are, not as they ought to be.—after Ambrose Bierce By Daniel K. Benjamin
September 2007Volume 25 | Number 3ECONOMIST, n. a scoundrel whose faulty vision sees things as they really are, not as they ought to be.—after Ambrose Bierce
Do single-issue voters matter? Recent evidence suggests that, when the issue is the environment, the answer is “yes.”
Can beliefs about fundamental social institutions such as the market system, change? If so, what can cause such changes? Even if one replies "yes" to the first question discerning an answer to the second has been an elusive goal for social scientists.