Although there is in the United States a clear national consensus
supporting the protection of the environment, advocates often
profoundly disagree about the policies best designed to achieve
this end. The traditional answer has been that government must
intervene, through legislation and regulation of behavior, to
preserve environmental values. This book takes a different
approach, examining the prospects (and pitfalls) for improving
natural resource allocation and environmental quality through
market processes. The authors demonstrate that governmental
policies often exacerbate environmental problems because of
inadequate incentives and information. A property rights approach
that focuses on the costs of operating markets as well as
governments lays the framework for thinking about problems ranging
from the American Frontier to global warming. Property rights
solutions that encourage market processes are proposed for public
land management, outdoor recreation, water quantity and quality,
and ocean fisheries. The final chapter tackles the "tougher
problems" of global warming and acid rain. Free Market
Environmentalism applies the economic way of thinking to
environmental problems of growing importance. It will be
appropriate for environmental economic courses, but an economics
background is not a prerequisite for understanding this
nontechnical, innovative approach to natural resource management.
General
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