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Urban Sprawl: Pro and Con

By Randall G. Holcombe   The term “urban sprawl” has a bad ring to it. The name reinforces the view that metropolitan growth is ugly, inefficient, and the cause of traffic congestion and environmental harm. Before we decide we are against urban sprawl, however, we should be clear about what it is and why weContinue reading “Urban Sprawl: Pro and Con”

Prosperity and Environment

By Matthew Brown and Jane S. Shaw Deforestation, lack of safe drinking water, oppressive air pollution-these environmental ills are found frequently in Third World nations but rarely in developed ones. Even so, economic growth is still often portrayed as the cause of many (if not most) environmental problems. The economic literature has begun to addressContinue reading “Prosperity and Environment”

Wilderness By Reservation

Private wilderness playgrounds are the future for quality outdoor recreation. At least that is what William Altenberg, Jr., is betting on. In northern New Hampshire, he leases 24,000 acres of timberland from the International Paper Company and offers hiking, biking, kayaking, and backcountry skiing to paying customers. He is building lodges, yurts, and a 100-mileContinue reading “Wilderness By Reservation”

Market for SO2 emissions

By Daniel K. Benjamin The results of the SO2 tradable emissions program are in– and the economists were right. Economists have long argued that tradable emissions permits are, in principle, superior to the command-and-control approach in reducing pollution. Traditional regulators have disagreed. The results of a pioneer trading program are now in, and they suggestContinue reading “Market for SO2 emissions”

Guerillas Go Organic

After 35 years of civil war in Guatemala, peace has led to a surprising growth in organic farming. During the fighting, farmers abandoned their land allowing native plants to reclaim the cleared fields. As the land lay fallow, the pesticides gradually disappeared from the soil and wild herbs flourished. When the farmers returned, they discoveredContinue reading “Guerillas Go Organic”