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.
RESEARCH INITIATIVE: Creating incentives can make migratory wildlife a benefit, not a burden, for the private landowners who provide critical habitat.
PERC weighs in on the listing status of the grizzly bear, specifically addressing the Greater Yellowstone Ecosystem population.
Policies intended to provide short term benefits to homeowners can increase the harms from increased fire risks by blunting the incentives that a free market would otherwise provide.
Constitutional protections for property rights, if enforced properly, can protect vulnerable communities and advance environmental justice.