Analyzing nature and economies as static systems distracts our attention from the dynamic forces in both.
New paper in the Journal of Law, Economics & Policy explores the linkages between ecology and economics through the lens of Austrian economics.
Focusing on externalities distracts economists from understanding how bargaining can solve problems without government intervention.
Cliven Bundy's battle was born out of a broken system that encourages conflict, not negotiation.
When environmental groups buy ranchers' permits, there's no need for the feds to start rustling up trouble.
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.