The pursuit of profit in the free market is often cited as the main cause of environmental disasters and poor environmental quality, leading to a lot of blame placed on entrepreneurs. However, this is certainly not set in stone. Indeed, the pursuit of profit can actually protect the environment, rather than devastate it.
Given the various shortcomings associated with central planning, market-based solutions are extremely important in addressing climate change. Due to their sensitivity to geographic and technological differences across society, market-based solutions ought to be an important part of any solution.
Those flying cars we’ve seen for years in sci-fi films and cartoons? Yeah — still waiting. But we DO have cars that run on electricity, and they’re a big improvement over gasoline for many car buyers and for the environment.
Why, then, is it so difficult and expensive to get one?
This video seeks to answer that question, but we’ll give you a hint: state and federal government power are being leveraged in a big way.
Bitcoin is a serious and direct threat to governments’ power to control and print money. So, politicians and bureaucrats are building Bitcoin into the ultimate boogeyman. It “puts the financial system at the whims of some shadowy group of super-coders,” said Senator Elizabeth Warren. Then there’s the narrative — pushed by British newspaper The Guardian […]
To see the sharing economy as merely “cheaper taxis and cheaper hotels” is to miss the point entirely.
Most wildlife in Africa is the property of the state. But in one country, people have found a market-based solution that seems to work.
California is running on the equivalent of a Windows operating system (OS) that’s backwards compatible with earlier versions of the OS — and thus just as confusing, complicated, and conservative as you would expect from a system dating back decades.
Because no one can tell a plausible story about market exchange or transaction costs with future generations, no one can show that climate change is an external cost resulting from a market failure.
Instead of a genuine concern for nature, many of those stumping for Earth Day this April 22 will share opposition to environment-friendly advances in science and technology.
One great benefit of markets is that prices tell us what to do. Not through orders, which often don’t work, but through incentives.
What’s the appropriate balance between the rights of animals and the comfort and quality of life of humans?
I have a confession to make. I don’t recycle as many people understand the term. I try to reduce and reuse-I “recycle” shirts, towels, dishes, and the like in that I don’t discard them after one use, but several years ago I stopped recycling in the sense that I don’t put bottles, cans, and newspaper […]
Unlike the polarized conflicts that occur on federal lands, private environmentalism meets demands through win-win solutions.
Saving a species from extinction is a daunting and important task. On many occasions, legislation designed to protect endangered species can be both inefficient and ineffective. Protecting the environment has the same problems – no matter how well-intentioned environmental protection laws are, unintended consequences often make bad situations worse, exacerbating pollution and environmental waste. Can […]
Milton the rancher lives downriver from a large chemical factory. In the past month, the chemical factory has been disposing of chemical waste in the river, which has flowed downstream and poisoned Milton’s cattle. Milton is also a libertarian-minded person and prefers to keep government out of his life and out of the lives of […]
One of the most valuable economic insights is that human creativity is The Ultimate Resource. (The great economist Julian Simon wrote a book by that name.) It follows that as long as we are free to use our creativity, we don’t have to worry about running out of resources. Truly, human creativity makes resources of […]
Dirty Laws? That’s the confusing part of EPA regulations. While intended to do good, they end up doing quite the opposite. When a corporation dumps its toxic waste a few miles upstream from your tomato farm – sure, you can go to the EPA, but odds are the offending party has filed all the right […]
What do environmental policy, the war on drugs, economics, subsidies and modern music have in common? Learn Liberty professors have addressed all these topics and more. What sorts of countries cut down all their trees, pollute without thinking, and wipe out their animals? Prof. Antony Davies and many other professors have studied the best way […]
Reduce! Reuse! Recycle! All right? Maybe — maybe not, says scholar Daniel K. Benjamin. Making an unused tissue out of a used one wastes resources and hardly benefits the environment. Melting and casting aluminum cans, though, both saves resources and benefits the environment. But you don’t need to exhort the aluminum company to save those […]
Think you’re too small to save the world—even one species at a time? Sometimes big change starts with thinking big and perhaps a little outside the box. Take it from enviropreneur Hank Fischer. Hank Fischer was concerned about the gray wolf. It was on the endangered species list and extinct in the American West. Efforts […]
As part of the government shutdown that started October 1, the National Parks Service has closed all U.S. national parks and monuments. Would-be visitors will be denied entry to Yosemite and Yellowstone and acres and acres of national park lands until the government resumes business. Economics professor Holly Fretwell suggests an alternative that would have […]
Have you ever had an idea that you thought was good, but turned out bad? It happens to everyone. Sometimes when we make a plan, we can’t predict what all the consequences will be. These unseen effects are known by economists as “unintended consequences.” Don Boudreaux examines a major piece of legislation – the Endangered […]