This essay is excerpted from Rational Readings on Environmental Concerns, Jay H. Lehr, editor (New York, NY: Van Nostrand Reinhold, 1992). Conventional economic wisdom, in a theory first propounded by Nobel laureate Paul Samuelson, holds that the unregulated market cannot be expected to protect the environment. In this theory, clean air and water are “publicContinue reading “How Free Markets Protect the Environment”
Types Archives
A Private Fix for Leaky Trout Streams
Originally published in Fly Fisherman. Fishing the Ruby River in southwestern Montana can be a joyous way to celebrate spring. But last spring was a different story. Imagine the sickening feeling when we saw a pair of 16-inch brown trout floating belly-up in a trickle of water that was formerly the Ruby River. The deadContinue reading “A Private Fix for Leaky Trout Streams”
Markets and Morality
How markets promote morality.