"The past several decades have witnessed a growing recognition that environmental concerns are essentially property rights issues. Despite agreement that an absence of well-defined and consistently enforced property rights results in the exploitation of air, water, and other natural resources, there is still widespread disagreement about many aspects of America's property rights paradigm. The prominent contributors to Who Owns the Enviro ..."
"The past several decades have witnessed a growing recognition that environmental concerns are essentially property rights issues. Despite agreement that an absence of welldefined and consistently enforced property rights results in the exploitation of air, water, and other natural resources, there is still widespread disagreement about many aspects of America's property rights paradigm. The prominent contributors to "Who Owns the Enviro ..."
"Peter J. Hill, Roger E. Meiners. ers 1998); even using the normative criteria of its
proponents, central planning typically ends up doing more harm than good. The
market is simply an institution that facilitates voluntary transactions among
individuals. In a market system, private property rights tie the welfare of
individuals to the economic consequences of their decisions. Individuals are
rewarded for their contributions to the w ..."