Environment

Water Crisis: Ending the Policy Drought, by Terry Anderson (Washington, D.C.: Cato Institute, 1983). An application of economic principles to water policy, showing how government management leads to pollution and overuse; suggests an environmentally sound free market alternative.

The Ultimate Resource, by Julian Simon (Princeton: Princeton University Press, 1981). Places the human capacity for entrepreneurship and creativity at the center of the solutions to current environmental and resource problems.

"The Tragedy of the Commons," by Garrett Hardin in Science 162 (1968): 1243-48. Classic statement of how "common owership" leads to overuse of resources; suggestive of a private property alternative that would stop environmental decay.

"Ackerman and Hassler's Clean Coal/Dirty Air," by Robert Crandall in Bell Journal of Economics 12 (Autumn 1981): 677-82. Shows how bureaucratic/political environmental management suffers from "rent seeking," i.e., pursuit of privilege by special interests rather than simple concern for environmental quality.

Free Market Environmentalism, by Terry L. Anderson and Donald R. Leal (San Francisco: Pacific Research Institute, 1991). This brief work is the best introduction to the property rights approach to environmentalism, which focuses attention on institutions and incentives, rather than simply good intentions. This book is not only excellent for understanding ecological issues, but also serves as a good introduction to the economics of property rights and institutions.

Economics and the Environment: A Reconciliation, ed. by Walter Block (Vancouver, B.C.: Fraser Institute, 1990). This volume presents a useful collection of essays on general and specific themes concerning the environment.

Visions Upon the Land: Man and Nature on the Western Range, by Karl Hess, Jr. (Washington, D.C.: Island Press, 1992). Weaving together history, cultural analysis, and modern illustrative examples, Hess shows that federal western land policies have served to degrade the environment.

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