The authors are some of the most prominent economists today, and in Common Sense Economics they show us why economic understanding is an essential ingredient for life in today’s society, a key element that empowers those who possess it to better take care of their own lives and responsibilities to society. In clear, powerful language free of jargon or obscurity, they illuminate the basic principles of supply and demand, private ownership, trade, and more. In a world where free trade, taxes, and government spending are issues everyone needs to understand, Common Sense Economics is a lucid simple explanation of how and why our economy and our world work the way they do, and how and why individuals and nations prosper.
The importance of involving private property owners in wildlife migration policies.
Property rights produce the strongest incentives for good environmental stewardship.
The American Prairie Reserve is a useful case study of the potential role for markets in the future use and management of public grasslands.