John and Ramona are leaving for Europe to present a series of talks on the creation and dissemination of the New Resource Economics, the NRE. They and other professors at MSU developed the NRE approach to environmental policy in the 1970s and as their invitation to speak in Europe indicates, it flourishes today. The NRE emphasizes […]

Here is a true, empirical, universal generalization: Citizens in large and complex societies become dissatisfied when their government seizes and transfers wealth to prospective voters.   Such allocations are partially, sometimes entirely, based on political calculations.  Whatever the claims and justifications, over time benefits tend to flow toward the wealthy and politically powerful.   And […]