A cautionary tale of ozone regulation
Just as the market brought the bison to near extinction, so too has it brought them back from the brink.
Property rights are essential for market exchange. The definition of those rights, their enforcement, and their transferability all help determine the extent of trade and the rate of economic development and wealth creation.
Waterborne diseases are responsible for 20 percent of deaths in children under the age of five. Microbes such as E. coli found in fecal matter cause diarrhea that kills by dehydrating its victims.
Economist, n. a scoundrel whose faulty vision sees things as they really are, not as they ought to be. —after Ambrose Bierce
In open-access settings, high-quality resources are lucrative; yet keeping out potential entrants may be extremely costly.
More than 30 years after the homeless garbage barge Mobro 4000 put recycling on the front pages, recycling remains a poster child for many who consider themselves environmentalists.