Environmental opportunity and the 104th Congress

Environmental opportunity and the 104th Congress

THE 104th Congress convenes today. Many environmentalists see the new Republican majority as America’s repudiation of an environmentally friendly administration. Because the Clinton administration had a green facade, they fear that this change portends environmental doom The Clinton administration has a green posture. Vice President Gore wrote an impassioned green book, “Earth in the Balance.” […]

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 Downsizing at the UW: making the hard choices

Downsizing at the UW: making the hard choices

THE University of Washington has just suffered a $12 million budget cut. Political pressures within the university are to spread the pain by giving each college and program a proportional cut. With each unit suffering, say, a 2.4 percent reduction, no one has a strong incentive to mobilize to protect their special, provincial interest. Such […]

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 Recognizing real heroes of free-market principles

Recognizing real heroes of free-market principles

WHAT is a hero? In literary epics such as “Gilgamesh,” the “Illiad,” or “Beowulf,” heroes are those who defy pain and death to live out a personal code of unqualified honor. In economists’ parlance, heroes risk significant personal costs to help others. Heroism continues today, though it is, as always, in short supply. The familiar […]

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 What price must the salmon pay to keep power rates low

What price must the salmon pay to keep power rates low

HOW HAS Forbes magazine, the self-described capitalist tool, become a green advocate? The influential people at Forbes see markets as the most ethical and efficient means to coordinate much of society. In contrast, political management implies economic inefficiencies and ecological destruction. These are logical consequences of political incentives. A recent Forbes feature by Ellie Winninghoff […]

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 Greens now pay the price for the excesses of success

Greens now pay the price for the excesses of success

IN addition to their disappointment with the elections, major environmental groups are learning the pain of limits to growth. From 1990 to 1993, membership fell 33 percent for Greenpeace and 35 percent for the Wilderness Society. The Sierra Club has lost 130,000 members and has accumulated deficits of nearly $3 million. Although groups such as […]

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 Quotas give individuals incentive to fish wisely

Quotas give individuals incentive to fish wisely

“THE Tragedy of the Commons” appeared in Science magazine in 1968. Though written by an ecologist, Garret Hardin, the article is a classic of political economy. Understanding the logic of this article should be a requirement of running for political office. It explains how and why we should expect waste when biological resources such as […]

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 Risk analysis can further environmental objectives

Risk analysis can further environmental objectives

IS economics an enemy of ecology? Many environmentalists seem to think so. They portray economists as insensitive number crunchers with Republican leanings, people stricken by a ghoulish preference for money over ecological integrity. The perceived focus of economics – money, business and mathematics – is distasteful to people motivated by environmental concerns. But greens’ conventional […]

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 Understanding the failings of socialist economic model

Understanding the failings of socialist economic model

LAST week, the Mont Pelerin Society met in Cannes, France, to celebrate the work of its founder, Nobel Prize winning economist Friedrich Hayek. The Mont Pelerin Society is the world’s foremost group of classical liberal academic, business and governmental leaders. Six of its 500 members, including Milton Friedman, Gary Becker and George Stigler, a Seattle […]

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