environmental economics
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Environmentalists Need to Reclaim Economics
My book entitled, What Environmentalists Need to Know About Economics, comes out this week. The aim is simple: to show in a concise and clear manner why economic reasoning and analysis is crucial for solving the world’s major environmental problems. But there is a subtext: environmentalists have often been wary of economics and dismissed economic […]
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What’s the proper role of individuals and institutions in addressing climate change?
This may seem like a trivial question with an obvious answer. But what really is the proper role for individuals and institutions in addressing climate change? An immediate and natural response may be that everyone should do their part. Let’s see what that really means. Decisions affecting carbon dioxide (CO2) emissions, for example, are made […]
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Unintended Consequences of Government Policies: The Depletion of America’s Wetlands
Private land-use decisions can be affected dramatically by public investments in highways, waterways, flood control, or other infrastructure. The large movement of jobs from central cities to suburbs in the postwar United States and the ongoing destruction of Amazon rain forests have occurred with major public investment in supporting infrastructure. As these examples suggest, private […]