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Safe But Sorry

In June, European environmental activists dressed as butterflies protested the possible sale of genetically modified crops. A scientific report had suggested that pollen from such corn could harm caterpillars. Friends of the Earth and Defenders of Wildlife have written President Clinton calling for a ban on so-called “killer corn.” A broad coalition of environmental groups,Continue reading “Safe But Sorry”

Water, water everywhere, waiting for a market

Orange County RegisterJuly 18, 1999 CLAY LANDRYCopyright 1999 The Orange County Register THE WRITER: Mr. Landry is a research associate at the political Economy Research Center in Bozeman, Mont., and the author of "Saving Our Streams Through Water Markets: A Practical Guide." Interior Secretary Bruce Babbitt called for water markets, conservation and aquifer recharge inContinue reading “Water, water everywhere, waiting for a market”

Protecting Beaches

  Along the coast of South Carolina, private island communities-Sea Pines on Hilton Head Island and entire islands such as Seabrook, Kiawah, Dewees, Dataw, Daufuskie, and DeBordieu-are protecting their beaches and other environmental resources. They are not doing this because of government regulation but in order to maximize the value of their investments. Extensive resortContinue reading “Protecting Beaches”

Economic Value of Government-provided Information

Late 19th-century storm warnings from the U.S. Weather Service yielded substantial, positive net returns to society. Economists are notorious for using both sides of our mouths when talking about the government. We claim that government has a comparative advantage in provision of so-called public goods, such as national defense, the creation of property right systems,Continue reading “Economic Value of Government-provided Information”